FIRST FARMERS & MERCHANTS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN
401k plan membership statisitcs for FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN
Measure | Date | Value |
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2022 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2022 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $7,000 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $7,000 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-2,184,702 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $1,467,157 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,467,157 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,261,995 |
Value of total assets at end of year | 2022-12-31 | $26,529,051 |
Value of total assets at beginning of year | 2022-12-31 | $30,180,910 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $0 |
Total interest from all sources | 2022-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $517,989 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $493,909 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $15,716 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $8,934 |
Other income not declared elsewhere | 2022-12-31 | $748,533 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-3,651,859 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $26,529,051 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $30,180,910 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $23,879,340 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $27,434,329 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-4,720,219 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Assets. Invements in employer securities at end of year | 2022-12-31 | $1,372,000 |
Assets. Invements in employer securities at beginning of year | 2022-12-31 | $1,365,000 |
Contributions received in cash from employer | 2022-12-31 | $1,261,995 |
Employer contributions (assets) at end of year | 2022-12-31 | $1,261,995 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,372,647 |
Income. Dividends from common stock | 2022-12-31 | $24,080 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,467,157 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | PLANTE MORAN |
Accountancy firm EIN | 2022-12-31 | 381357951 |
2021 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2021 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $175,000 |
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $175,000 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $4,440,293 |
Total loss/gain on sale of assets | 2021-12-31 | $354,233 |
Total of all expenses incurred | 2021-12-31 | $2,217,836 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $2,217,836 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $1,372,647 |
Value of total assets at end of year | 2021-12-31 | $30,180,910 |
Value of total assets at beginning of year | 2021-12-31 | $27,958,453 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $0 |
Total interest from all sources | 2021-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $382,517 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $358,997 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $8,934 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $8,957 |
Other income not declared elsewhere | 2021-12-31 | $1,132,827 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $23,520 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $2,222,457 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $30,180,910 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $27,958,453 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $27,434,329 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $25,672,074 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,023,069 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Assets. Invements in employer securities at end of year | 2021-12-31 | $1,365,000 |
Assets. Invements in employer securities at beginning of year | 2021-12-31 | $1,190,000 |
Contributions received in cash from employer | 2021-12-31 | $1,372,647 |
Employer contributions (assets) at end of year | 2021-12-31 | $1,372,647 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $1,063,902 |
Income. Dividends from common stock | 2021-12-31 | $23,520 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $2,217,836 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Aggregate proceeds on sale of assets | 2021-12-31 | $4,641,764 |
Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $4,287,531 |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | DIXON HUGHES GOODMAN, LLP |
Accountancy firm EIN | 2021-12-31 | 560747981 |
2020 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2020 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $-175,000 |
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $-175,000 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $3,822,065 |
Total loss/gain on sale of assets | 2020-12-31 | $-102,235 |
Total of all expenses incurred | 2020-12-31 | $2,214,938 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $2,214,938 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,063,902 |
Value of total assets at end of year | 2020-12-31 | $27,958,453 |
Value of total assets at beginning of year | 2020-12-31 | $26,351,326 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $0 |
Total interest from all sources | 2020-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $388,028 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $364,508 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $8,957 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $13,393 |
Other income not declared elsewhere | 2020-12-31 | $770,435 |
Total non interest bearing cash at end of year | 2020-12-31 | $23,520 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $1,607,127 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $27,958,453 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $26,351,326 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $25,672,074 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $24,138,912 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,876,935 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Assets. Invements in employer securities at end of year | 2020-12-31 | $1,190,000 |
Assets. Invements in employer securities at beginning of year | 2020-12-31 | $1,365,000 |
Contributions received in cash from employer | 2020-12-31 | $1,063,902 |
Employer contributions (assets) at end of year | 2020-12-31 | $1,063,902 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $834,021 |
Income. Dividends from common stock | 2020-12-31 | $23,520 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $2,214,938 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Aggregate proceeds on sale of assets | 2020-12-31 | $1,873,984 |
Aggregate carrying amount (costs) on sale of assets | 2020-12-31 | $1,976,219 |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | DIXON HUGHES GOODMAN, LLP |
Accountancy firm EIN | 2020-12-31 | 560747981 |
2019 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2019 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $168,000 |
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $168,000 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $4,619,281 |
Total loss/gain on sale of assets | 2019-12-31 | $252,109 |
Total of all expenses incurred | 2019-12-31 | $1,233,231 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $1,233,231 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $842,917 |
Value of total assets at end of year | 2019-12-31 | $26,351,326 |
Value of total assets at beginning of year | 2019-12-31 | $22,965,276 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $0 |
Total interest from all sources | 2019-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $500,914 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $474,874 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $8,896 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $13,393 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $16,031 |
Other income not declared elsewhere | 2019-12-31 | $682,999 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $3,386,050 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $26,351,326 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $22,965,276 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $24,138,912 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $20,429,786 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $2,172,342 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Assets. Invements in employer securities at end of year | 2019-12-31 | $1,365,000 |
Assets. Invements in employer securities at beginning of year | 2019-12-31 | $1,368,000 |
Contributions received in cash from employer | 2019-12-31 | $834,021 |
Employer contributions (assets) at end of year | 2019-12-31 | $834,021 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $1,151,459 |
Income. Dividends from common stock | 2019-12-31 | $26,040 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,233,231 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Aggregate proceeds on sale of assets | 2019-12-31 | $3,385,356 |
Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $3,133,247 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | DIXON HUGHES GOODMAN, LLP |
Accountancy firm EIN | 2019-12-31 | 560747981 |
2018 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2018 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2018-12-31 | $44,500 |
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $44,500 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $290,264 |
Total loss/gain on sale of assets | 2018-12-31 | $294,916 |
Total of all expenses incurred | 2018-12-31 | $1,803,543 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $1,803,543 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $1,151,459 |
Value of total assets at end of year | 2018-12-31 | $22,965,276 |
Value of total assets at beginning of year | 2018-12-31 | $24,478,555 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $0 |
Total interest from all sources | 2018-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $381,259 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $353,259 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $16,031 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $12,386 |
Other income not declared elsewhere | 2018-12-31 | $1,151,564 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $-1,513,279 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $22,965,276 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $24,478,555 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $20,429,786 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $22,259,998 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-2,733,434 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Assets. Invements in employer securities at end of year | 2018-12-31 | $1,368,000 |
Assets. Invements in employer securities at beginning of year | 2018-12-31 | $1,494,000 |
Contributions received in cash from employer | 2018-12-31 | $1,151,459 |
Employer contributions (assets) at end of year | 2018-12-31 | $1,151,459 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $712,171 |
Income. Dividends from common stock | 2018-12-31 | $28,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $1,803,543 |
Did the plan have assets held for investment | 2018-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Aggregate proceeds on sale of assets | 2018-12-31 | $1,190,500 |
Aggregate carrying amount (costs) on sale of assets | 2018-12-31 | $895,584 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | DIXON HUGHES GOODMAN, LLP |
Accountancy firm EIN | 2018-12-31 | 560747981 |
2017 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2017 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2017-12-31 | $337,300 |
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $337,300 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total income from all sources (including contributions) | 2017-12-31 | $3,731,982 |
Total loss/gain on sale of assets | 2017-12-31 | $41,156 |
Total of all expenses incurred | 2017-12-31 | $1,272,921 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $1,272,921 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $712,171 |
Value of total assets at end of year | 2017-12-31 | $24,478,555 |
Value of total assets at beginning of year | 2017-12-31 | $22,019,494 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $0 |
Total interest from all sources | 2017-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $287,008 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $256,608 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $12,386 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $9,795 |
Other income not declared elsewhere | 2017-12-31 | $925,259 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $2,459,061 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $24,478,555 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $22,019,494 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $22,259,998 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $19,902,494 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $1,429,088 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Assets. Invements in employer securities at end of year | 2017-12-31 | $1,494,000 |
Assets. Invements in employer securities at beginning of year | 2017-12-31 | $1,316,000 |
Contributions received in cash from employer | 2017-12-31 | $712,171 |
Employer contributions (assets) at end of year | 2017-12-31 | $712,171 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $791,205 |
Income. Dividends from common stock | 2017-12-31 | $30,400 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $1,272,921 |
Did the plan have assets held for investment | 2017-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Aggregate proceeds on sale of assets | 2017-12-31 | $2,085,950 |
Aggregate carrying amount (costs) on sale of assets | 2017-12-31 | $2,044,794 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | DIXON HUGHES GOODMAN, LLP |
Accountancy firm EIN | 2017-12-31 | 560747981 |
2016 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2016 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2016-12-31 | $279,300 |
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $279,300 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $2,322,413 |
Total loss/gain on sale of assets | 2016-12-31 | $2,470 |
Total of all expenses incurred | 2016-12-31 | $3,076,211 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $3,076,211 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $791,205 |
Value of total assets at end of year | 2016-12-31 | $22,019,494 |
Value of total assets at beginning of year | 2016-12-31 | $22,773,292 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $0 |
Total interest from all sources | 2016-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $284,371 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $239,391 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $9,795 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $10,710 |
Other income not declared elsewhere | 2016-12-31 | $458,920 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $-753,798 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $22,019,494 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $22,773,292 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $19,902,494 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $20,513,356 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $506,147 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Assets. Invements in employer securities at end of year | 2016-12-31 | $1,316,000 |
Assets. Invements in employer securities at beginning of year | 2016-12-31 | $1,364,500 |
Contributions received in cash from employer | 2016-12-31 | $791,205 |
Employer contributions (assets) at end of year | 2016-12-31 | $791,205 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $884,726 |
Income. Dividends from common stock | 2016-12-31 | $44,980 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $3,076,211 |
Did the plan have assets held for investment | 2016-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Aggregate proceeds on sale of assets | 2016-12-31 | $1,520,956 |
Aggregate carrying amount (costs) on sale of assets | 2016-12-31 | $1,518,486 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | DIXON HUGHES GOODMAN, LLP |
Accountancy firm EIN | 2016-12-31 | 560747981 |
2015 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2015 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2015-12-31 | $107,000 |
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $107,000 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total income from all sources (including contributions) | 2015-12-31 | $959,420 |
Total loss/gain on sale of assets | 2015-12-31 | $-2,077 |
Total of all expenses incurred | 2015-12-31 | $2,153,844 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $2,153,844 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $884,726 |
Value of total assets at end of year | 2015-12-31 | $22,773,292 |
Value of total assets at beginning of year | 2015-12-31 | $23,967,716 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $0 |
Total interest from all sources | 2015-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $265,776 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $228,776 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $10,710 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-12-31 | $27,761 |
Other income not declared elsewhere | 2015-12-31 | $793,656 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-1,194,424 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $22,773,292 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $23,967,716 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $20,513,356 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $22,676,339 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-1,089,661 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Assets. Invements in employer securities at end of year | 2015-12-31 | $1,364,500 |
Assets. Invements in employer securities at beginning of year | 2015-12-31 | $1,257,500 |
Contributions received in cash from employer | 2015-12-31 | $884,726 |
Employer contributions (assets) at end of year | 2015-12-31 | $884,726 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $6,116 |
Income. Dividends from common stock | 2015-12-31 | $37,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $2,153,844 |
Did the plan have assets held for investment | 2015-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Aggregate proceeds on sale of assets | 2015-12-31 | $650,000 |
Aggregate carrying amount (costs) on sale of assets | 2015-12-31 | $652,077 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | BKD, LLP |
Accountancy firm EIN | 2015-12-31 | 440160260 |
2014 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2014 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-31 | $7,500 |
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $7,500 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
Total income from all sources (including contributions) | 2014-12-31 | $2,415,961 |
Total loss/gain on sale of assets | 2014-12-31 | $18,505 |
Total of all expenses incurred | 2014-12-31 | $1,265,655 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $1,265,655 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $1,028,695 |
Value of total assets at end of year | 2014-12-31 | $23,967,716 |
Value of total assets at beginning of year | 2014-12-31 | $22,817,410 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $0 |
Total interest from all sources | 2014-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $309,659 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $254,159 |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-12-31 | $27,761 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-12-31 | $8,909 |
Other income not declared elsewhere | 2014-12-31 | $880,223 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $1,150,306 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $23,967,716 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $22,817,410 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $22,676,339 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $21,558,501 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $171,379 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Assets. Invements in employer securities at end of year | 2014-12-31 | $1,257,500 |
Assets. Invements in employer securities at beginning of year | 2014-12-31 | $1,250,000 |
Contributions received in cash from employer | 2014-12-31 | $1,028,695 |
Employer contributions (assets) at end of year | 2014-12-31 | $6,116 |
Income. Dividends from common stock | 2014-12-31 | $55,500 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $1,265,655 |
Did the plan have assets held for investment | 2014-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Aggregate proceeds on sale of assets | 2014-12-31 | $755,808 |
Aggregate carrying amount (costs) on sale of assets | 2014-12-31 | $737,303 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
Accountancy firm name | 2014-12-31 | BKD, LLP |
Accountancy firm EIN | 2014-12-31 | 440160260 |
2013 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2013 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $123,000 |
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $123,000 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total income from all sources (including contributions) | 2013-12-31 | $4,668,390 |
Total loss/gain on sale of assets | 2013-12-31 | $24,934 |
Total of all expenses incurred | 2013-12-31 | $1,175,916 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $1,175,916 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $1,596,773 |
Value of total assets at end of year | 2013-12-31 | $22,817,410 |
Value of total assets at beginning of year | 2013-12-31 | $19,324,936 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $0 |
Total interest from all sources | 2013-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $291,032 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $246,890 |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-12-31 | $8,909 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-12-31 | $9,126 |
Other income not declared elsewhere | 2013-12-31 | $473,502 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $3,492,474 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $22,817,410 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $19,324,936 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $21,558,501 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $17,971,276 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $2,159,149 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Assets. Invements in employer securities at end of year | 2013-12-31 | $1,250,000 |
Assets. Invements in employer securities at beginning of year | 2013-12-31 | $1,344,534 |
Contributions received in cash from employer | 2013-12-31 | $1,596,773 |
Income. Dividends from common stock | 2013-12-31 | $44,142 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $1,175,916 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2013-12-31 | No |
Did the plan have assets held for investment | 2013-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Aggregate proceeds on sale of assets | 2013-12-31 | $1,756,787 |
Aggregate carrying amount (costs) on sale of assets | 2013-12-31 | $1,731,853 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
Accountancy firm name | 2013-12-31 | BKD, LLP |
Accountancy firm EIN | 2013-12-31 | 440160260 |
2012 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2012 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $-324,501 |
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $-324,501 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $0 |
Total income from all sources (including contributions) | 2012-12-31 | $2,291,975 |
Total loss/gain on sale of assets | 2012-12-31 | $13 |
Total of all expenses incurred | 2012-12-31 | $1,574,438 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $1,573,601 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $1,019,174 |
Value of total assets at end of year | 2012-12-31 | $19,324,936 |
Value of total assets at beginning of year | 2012-12-31 | $18,607,399 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $837 |
Total interest from all sources | 2012-12-31 | $562 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $284,906 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $262,835 |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $9,126 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $45,934 |
Other income not declared elsewhere | 2012-12-31 | $319,995 |
Administrative expenses (other) incurred | 2012-12-31 | $837 |
Total non interest bearing cash at beginning of year | 2012-12-31 | $15,293 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Value of net income/loss | 2012-12-31 | $717,537 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $19,324,936 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $18,607,399 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $17,971,276 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $16,823,611 |
Income. Interest from corporate debt instruments | 2012-12-31 | $562 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $991,826 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
Assets. Invements in employer securities at end of year | 2012-12-31 | $1,344,534 |
Assets. Invements in employer securities at beginning of year | 2012-12-31 | $1,669,035 |
Contributions received in cash from employer | 2012-12-31 | $1,019,174 |
Income. Dividends from common stock | 2012-12-31 | $22,071 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $1,573,601 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2012-12-31 | $53,526 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2012-12-31 | No |
Did the plan have assets held for investment | 2012-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
Aggregate proceeds on sale of assets | 2012-12-31 | $469,328 |
Aggregate carrying amount (costs) on sale of assets | 2012-12-31 | $469,315 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Disclaimer |
Accountancy firm name | 2012-12-31 | BKD, LLP |
Accountancy firm EIN | 2012-12-31 | 440160260 |
2011 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2011 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-188,035 |
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-188,035 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total income from all sources (including contributions) | 2011-12-31 | $709,930 |
Total loss/gain on sale of assets | 2011-12-31 | $-102,726 |
Total of all expenses incurred | 2011-12-31 | $5,321,673 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $5,320,669 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $873,378 |
Value of total assets at end of year | 2011-12-31 | $18,607,399 |
Value of total assets at beginning of year | 2011-12-31 | $23,219,142 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $1,004 |
Total interest from all sources | 2011-12-31 | $4,545 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $226,833 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $182,691 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $157,736 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $45,934 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $71,720 |
Other income not declared elsewhere | 2011-12-31 | $485,910 |
Administrative expenses (other) incurred | 2011-12-31 | $1,004 |
Total non interest bearing cash at end of year | 2011-12-31 | $15,293 |
Total non interest bearing cash at beginning of year | 2011-12-31 | $763,779 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $-4,611,743 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $18,607,399 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $23,219,142 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $16,823,611 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $17,390,323 |
Income. Interest from corporate debt instruments | 2011-12-31 | $4,545 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $2,906,903 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $2,906,903 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-589,975 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Assets. Invements in employer securities at end of year | 2011-12-31 | $1,669,035 |
Assets. Invements in employer securities at beginning of year | 2011-12-31 | $2,014,671 |
Contributions received in cash from employer | 2011-12-31 | $873,378 |
Income. Dividends from common stock | 2011-12-31 | $44,142 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $5,320,669 |
Asset. Corporate debt instrument debt (other) at end of year | 2011-12-31 | $53,526 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2011-12-31 | $71,746 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
Did the plan have assets held for investment | 2011-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Aggregate proceeds on sale of assets | 2011-12-31 | $4,859,736 |
Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $4,962,462 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
Accountancy firm name | 2011-12-31 | KRAFT CPAS |
Accountancy firm EIN | 2011-12-31 | 620713250 |
2010 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2010 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $-772,924 |
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $-772,924 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $2,109,345 |
Total loss/gain on sale of assets | 2010-12-31 | $167,391 |
Total of all expenses incurred | 2010-12-31 | $3,706,343 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $3,705,504 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $763,779 |
Value of total assets at end of year | 2010-12-31 | $23,219,142 |
Value of total assets at beginning of year | 2010-12-31 | $24,816,140 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $839 |
Total interest from all sources | 2010-12-31 | $6,181 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $274,183 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $221,526 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $2,333 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $71,720 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $43,876 |
Other income not declared elsewhere | 2010-12-31 | $295,890 |
Administrative expenses (other) incurred | 2010-12-31 | $839 |
Total non interest bearing cash at end of year | 2010-12-31 | $763,779 |
Total non interest bearing cash at beginning of year | 2010-12-31 | $5,967 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $-1,596,998 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $23,219,142 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $24,816,140 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $17,390,323 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $19,879,853 |
Income. Interest from corporate debt instruments | 2010-12-31 | $4,537 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $2,906,903 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $1,492,916 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $1,492,916 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $1,644 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $1,374,845 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Assets. Invements in employer securities at end of year | 2010-12-31 | $2,014,671 |
Assets. Invements in employer securities at beginning of year | 2010-12-31 | $3,313,051 |
Contributions received in cash from employer | 2010-12-31 | $763,779 |
Income. Dividends from common stock | 2010-12-31 | $52,657 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $3,705,504 |
Asset. Corporate debt instrument debt (other) at end of year | 2010-12-31 | $71,746 |
Asset. Corporate debt instrument debt (other) at beginning of year | 2010-12-31 | $63,524 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $16,953 |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Aggregate proceeds on sale of assets | 2010-12-31 | $8,418,369 |
Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $8,250,978 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | KRAFT CPAS |
Accountancy firm EIN | 2010-12-31 | 620713250 |
2009 : FIRST FARMERS & MERCHANTS BANK PROFIT SHARING PLAN 2009 401k financial data |
---|
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |