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COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameCOMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN
Plan identification number 001

COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Code section 403(b)(7) accounts - See Limited Pension Plan Reporting instructions for Code section 403(b)(7) custodial accounts for regulated investment company stock for certain exempt organizations.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

COMMUNITY FIRST BANK has sponsored the creation of one or more 401k plans.

Company Name:COMMUNITY FIRST BANK
Employer identification number (EIN):480221590
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01THERESE BYSEL2023-10-11
0012021-01-01THERESE BYSEL2022-10-17
0012020-01-01THERESE BYSEL2021-10-13
0012019-01-01THERESE BYSEL2020-10-13
0012018-01-01THERESE BYSEL2019-10-15
0012017-01-01THERESE BYSEL2018-10-01
0012016-01-01THERESE BYSEL2017-10-02
0012015-01-01THERESE BYSEL2016-10-13
0012014-01-01THERESE BYSEL2015-10-13 THERESE BYSEL2015-10-13
0012013-01-01THERESE BYSEL THERESE BYSEL2014-10-14
0012012-01-01THERESE BYSEL THERESE BYSEL2013-10-15
0012011-01-01DAVID HERNDON
0012010-01-01DAVID HERNDON
0012009-01-01DENNIS GOEDICKE

Plan Statistics for COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN

Measure Date Value
2013: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0129
Total number of active participants reported on line 7a of the Form 55002013-01-0133
Number of other retired or separated participants entitled to future benefits2013-01-015
Total of all active and inactive participants2013-01-0138
Total participants2013-01-0138
Number of participants with account balances2013-01-0121
2012: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0131
Total number of active participants reported on line 7a of the Form 55002012-01-0120
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-018
Total of all active and inactive participants2012-01-0129
Total participants2012-01-0129
Number of participants with account balances2012-01-0128
2011: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0131
Total number of active participants reported on line 7a of the Form 55002011-01-0124
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0131
Total participants2011-01-0131
Number of participants with account balances2011-01-0130
2010: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0133
Total number of active participants reported on line 7a of the Form 55002010-01-0125
Number of retired or separated participants receiving benefits2010-01-011
Number of other retired or separated participants entitled to future benefits2010-01-014
Total of all active and inactive participants2010-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0130
Number of participants with account balances2010-01-0129
2009: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0133
Total number of active participants reported on line 7a of the Form 55002009-01-0129
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0134
Number of participants with account balances2009-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN

Measure Date Value
2013 : COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$906,181
Expenses. Total of all expenses incurred2013-12-31$500,400
Benefits paid (including direct rollovers)2013-12-31$495,720
Total plan assets at end of year2013-12-31$1,625,562
Total plan assets at beginning of year2013-12-31$1,219,781
Value of fidelity bond covering the plan2013-12-31$2,000,000
Total contributions received or receivable from participants2013-12-31$98,025
Contributions received from other sources (not participants or employers)2013-12-31$556,513
Other income received2013-12-31$224,005
Net income (gross income less expenses)2013-12-31$405,781
Net plan assets at end of year (total assets less liabilities)2013-12-31$1,625,562
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,219,781
Total contributions received or receivable from employer(s)2013-12-31$27,638
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$4,680
2012 : COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$186,986
Expenses. Total of all expenses incurred2012-12-31$123,252
Benefits paid (including direct rollovers)2012-12-31$113,744
Total plan assets at end of year2012-12-31$1,219,781
Total plan assets at beginning of year2012-12-31$1,156,046
Value of fidelity bond covering the plan2012-12-31$1,825,000
Total contributions received or receivable from participants2012-12-31$64,682
Other income received2012-12-31$112,979
Net income (gross income less expenses)2012-12-31$63,734
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,219,781
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,156,046
Total contributions received or receivable from employer(s)2012-12-31$9,325
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$9,508
2011 : COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$50,681
Expenses. Total of all expenses incurred2011-12-31$35,320
Benefits paid (including direct rollovers)2011-12-31$25,833
Total plan assets at end of year2011-12-31$1,156,046
Total plan assets at beginning of year2011-12-31$1,140,685
Value of fidelity bond covering the plan2011-12-31$1,825,000
Total contributions received or receivable from participants2011-12-31$64,799
Other income received2011-12-31$-23,461
Net income (gross income less expenses)2011-12-31$15,361
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,156,046
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,140,685
Total contributions received or receivable from employer(s)2011-12-31$9,343
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$9,487
2010 : COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$197,620
Expenses. Total of all expenses incurred2010-12-31$77,222
Benefits paid (including direct rollovers)2010-12-31$68,077
Total plan assets at end of year2010-12-31$1,140,685
Total plan assets at beginning of year2010-12-31$1,020,287
Value of fidelity bond covering the plan2010-12-31$1,825,000
Total contributions received or receivable from participants2010-12-31$67,340
Other income received2010-12-31$120,673
Net income (gross income less expenses)2010-12-31$120,398
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,140,685
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,020,287
Total contributions received or receivable from employer(s)2010-12-31$9,607
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$9,145

Form 5500 Responses for COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN

2013: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: COMMUNITY FIRST BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP38136
Policy instance 1
Insurance contract or identification numberGP38136
Number of Individuals Covered28
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $1,265
Total amount of fees paid to insurance companyUSD $44
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP38136
Policy instance 1
Insurance contract or identification numberGP38136
Number of Individuals Covered28
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $3,916
Total amount of fees paid to insurance companyUSD $20
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $850
Amount paid for insurance broker fees10
Additional information about fees paid to insurance brokerNON-MONETARY COMPENSATION TO SALES REP
Insurance broker organization code?4
Insurance broker namePAUL E. KLINKENBORG

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