Plan Name | THE BANK OF CLARKE COUNTY EMPLOYEE STOCK OWNERSHIP PLAN |
Plan identification number | 003 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
|
Company Name: | BANK OF CLARKE |
Employer identification number (EIN): | 540132450 |
NAIC Classification: | 522110 |
NAIC Description: | Commercial Banking |
Additional information about BANK OF CLARKE
Jurisdiction of Incorporation: | Virginia Secretary of State |
Incorporation Date: | 1901-01-25 |
Company Identification Number: | 0026672 |
Legal Registered Office Address: |
2 E MAIN ST BERRYVILLE United States of America (USA) 22611 |
More information about BANK OF CLARKE
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
003 | 2023-04-25 | KALEY CROSEN | 2024-10-14 |
Measure | Date | Value |
---|---|---|
2023: THE BANK OF CLARKE COUNTY EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership | ||
Total participants, beginning-of-year | 2023-04-25 | 97 |
Total number of active participants reported on line 7a of the Form 5500 | 2023-04-25 | 0 |
Number of retired or separated participants receiving benefits | 2023-04-25 | 0 |
Number of other retired or separated participants entitled to future benefits | 2023-04-25 | 0 |
Total of all active and inactive participants | 2023-04-25 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-04-25 | 0 |
Total participants | 2023-04-25 | 0 |
Number of participants with account balances | 2023-04-25 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-04-25 | 0 |
Measure | Date | Value |
---|---|---|
2023 : THE BANK OF CLARKE COUNTY EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data | ||
Transfers to/from the plan | 2023-12-31 | $3,137,509 |
Total income from all sources | 2023-12-31 | $109,839 |
Expenses. Total of all expenses incurred | 2023-12-31 | $3,247,348 |
Benefits paid (including direct rollovers) | 2023-12-31 | $3,247,348 |
Total plan assets at end of year | 2023-12-31 | $0 |
Total plan assets at beginning of year | 2023-12-31 | $0 |
Value of fidelity bond covering the plan | 2023-12-31 | $100,000 |
Other income received | 2023-12-31 | $109,839 |
Net income (gross income less expenses) | 2023-12-31 | $-3,137,509 |
Net plan assets at end of year (total assets less liabilities) | 2023-12-31 | $0 |
Net plan assets at beginning of year (total assets less liabilities) | 2023-12-31 | $0 |
Assets. Value of employer securities | 2023-12-31 | $0 |
2023: THE BANK OF CLARKE COUNTY EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses | ||
---|---|---|
2023-04-25 | Type of plan entity | Single employer plan |
2023-04-25 | First time form 5500 has been submitted | Yes |
2023-04-25 | Submission has been amended | No |
2023-04-25 | This submission is the final filing | Yes |
2023-04-25 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2023-04-25 | Plan is a collectively bargained plan | No |
2023-04-25 | Plan funding arrangement – Trust | Yes |
2023-04-25 | Plan benefit arrangement - Trust | Yes |