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TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameTOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

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

Company Name:TOWER COMMUNITY BANK
Employer identification number (EIN):620806182
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01BECKY MILLER BECKY MILLER2018-06-24
0012016-01-01BECKY MILLER BECKY MILLER2017-10-11
0012015-01-01BECKY MILLER BECKY MILLER2016-08-04
0012014-01-01BECKY MILLER BECKY MILLER2015-06-19
0012013-01-01BECKY MILLER BECKY MILLER2014-07-02
0012012-01-01BECKY MILLER BECKY MILLER2013-10-15
0012011-01-01BECKY MILLER BECKY MILLER2012-09-13
0012010-01-01BECKY MILLER BECKY MILLER2011-10-06
0012009-01-01VERONICA OWENS VERONICA OWENS2010-08-25

Plan Statistics for TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0197
Total number of active participants reported on line 7a of the Form 55002023-01-0160
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0139
Total of all active and inactive participants2023-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0199
Number of participants with account balances2023-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0187
Total number of active participants reported on line 7a of the Form 55002022-01-0151
Number of retired or separated participants receiving benefits2022-01-014
Number of other retired or separated participants entitled to future benefits2022-01-0135
Total of all active and inactive participants2022-01-0190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0190
Number of participants with account balances2022-01-0187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0191
Total number of active participants reported on line 7a of the Form 55002021-01-0153
Number of retired or separated participants receiving benefits2021-01-013
Number of other retired or separated participants entitled to future benefits2021-01-0131
Total of all active and inactive participants2021-01-0187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0187
Number of participants with account balances2021-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0188
Total number of active participants reported on line 7a of the Form 55002020-01-0152
Number of retired or separated participants receiving benefits2020-01-013
Number of other retired or separated participants entitled to future benefits2020-01-0130
Total of all active and inactive participants2020-01-0185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0185
Number of participants with account balances2020-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0184
Total number of active participants reported on line 7a of the Form 55002019-01-0151
Number of retired or separated participants receiving benefits2019-01-017
Number of other retired or separated participants entitled to future benefits2019-01-0127
Total of all active and inactive participants2019-01-0185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0185
Number of participants with account balances2019-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0182
Total number of active participants reported on line 7a of the Form 55002018-01-0150
Number of retired or separated participants receiving benefits2018-01-014
Number of other retired or separated participants entitled to future benefits2018-01-0128
Total of all active and inactive participants2018-01-0182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0182
Number of participants with account balances2018-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0155
Total number of active participants reported on line 7a of the Form 55002017-01-0145
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-016
Total of all active and inactive participants2017-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0151
Number of participants with account balances2017-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0160
Total number of active participants reported on line 7a of the Form 55002016-01-0141
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-0120
Total of all active and inactive participants2016-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0162
Number of participants with account balances2016-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0159
Total number of active participants reported on line 7a of the Form 55002015-01-0139
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-016
Total of all active and inactive participants2015-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0145
Number of participants with account balances2015-01-0137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0161
Total number of active participants reported on line 7a of the Form 55002014-01-0144
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-0111
Total of all active and inactive participants2014-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0156
Number of participants with account balances2014-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0165
Total number of active participants reported on line 7a of the Form 55002013-01-0149
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-0111
Total of all active and inactive participants2013-01-0161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0161
Number of participants with account balances2013-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0148
Total number of active participants reported on line 7a of the Form 55002012-01-0155
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0115
Total of all active and inactive participants2012-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0170
Number of participants with account balances2012-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0150
Total number of active participants reported on line 7a of the Form 55002011-01-0132
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0114
Total of all active and inactive participants2011-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0146
Number of participants with account balances2011-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0150
Total number of active participants reported on line 7a of the Form 55002010-01-0135
Number of retired or separated participants receiving benefits2010-01-014
Number of other retired or separated participants entitled to future benefits2010-01-019
Total of all active and inactive participants2010-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0148
Number of participants with account balances2010-01-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0145
Total number of active participants reported on line 7a of the Form 55002009-01-0131
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-019
Total of all active and inactive participants2009-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0140
Number of participants with account balances2009-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$786,957
Total plan liabilities at beginning of year2023-12-31$380,086
Total income from all sources2023-12-31$536,561
Expenses. Total of all expenses incurred2023-12-31$296,873
Benefits paid (including direct rollovers)2023-12-31$281,395
Total plan assets at end of year2023-12-31$5,719,121
Total plan assets at beginning of year2023-12-31$5,072,562
Value of fidelity bond covering the plan2023-12-31$3,000,000
Total contributions received or receivable from participants2023-12-31$265,914
Expenses. Other expenses not covered elsewhere2023-12-31$15,478
Other income received2023-12-31$121,538
Net income (gross income less expenses)2023-12-31$239,688
Net plan assets at end of year (total assets less liabilities)2023-12-31$4,932,164
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$4,692,476
Assets. Value of participant loans2023-12-31$32,502
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022023-12-31$104
Assets. Value of employer securities2023-12-31$4,119,118
Total contributions received or receivable from employer(s)2023-12-31$149,109
2022 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$380,086
Total plan liabilities at beginning of year2022-12-31$210,609
Total income from all sources2022-12-31$594,382
Expenses. Total of all expenses incurred2022-12-31$83,051
Benefits paid (including direct rollovers)2022-12-31$60,907
Total plan assets at end of year2022-12-31$5,072,562
Total plan assets at beginning of year2022-12-31$4,391,754
Value of fidelity bond covering the plan2022-12-31$3,000,000
Total contributions received or receivable from participants2022-12-31$242,058
Expenses. Other expenses not covered elsewhere2022-12-31$7,355
Other income received2022-12-31$208,285
Net income (gross income less expenses)2022-12-31$511,331
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,692,476
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$4,181,145
Assets. Value of participant loans2022-12-31$22,982
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022022-12-31$5,176
Assets. Value of employer securities2022-12-31$3,594,760
Total contributions received or receivable from employer(s)2022-12-31$144,039
Value of certain deemed distributions of participant loans2022-12-31$13,449
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$1,340
2021 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$210,609
Total plan liabilities at beginning of year2021-12-31$53,029
Total income from all sources2021-12-31$1,258,953
Expenses. Total of all expenses incurred2021-12-31$652,196
Benefits paid (including direct rollovers)2021-12-31$631,796
Total plan assets at end of year2021-12-31$4,391,754
Total plan assets at beginning of year2021-12-31$3,627,417
Value of fidelity bond covering the plan2021-12-31$3,000,000
Total contributions received or receivable from participants2021-12-31$200,725
Expenses. Other expenses not covered elsewhere2021-12-31$4,777
Contributions received from other sources (not participants or employers)2021-12-31$29,124
Other income received2021-12-31$912,529
Net income (gross income less expenses)2021-12-31$606,757
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,181,145
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$3,574,388
Assets. Value of participant loans2021-12-31$33,199
Assets. Value of employer securities2021-12-31$3,003,574
Total contributions received or receivable from employer(s)2021-12-31$116,575
Value of certain deemed distributions of participant loans2021-12-31$14,283
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$1,340
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$53,029
Total plan liabilities at beginning of year2020-12-31$236,076
Total income from all sources2020-12-31$608,349
Expenses. Total of all expenses incurred2020-12-31$369,815
Benefits paid (including direct rollovers)2020-12-31$356,579
Total plan assets at end of year2020-12-31$3,627,417
Total plan assets at beginning of year2020-12-31$3,571,930
Value of fidelity bond covering the plan2020-12-31$3,000,000
Total contributions received or receivable from participants2020-12-31$199,544
Expenses. Other expenses not covered elsewhere2020-12-31$12,351
Other income received2020-12-31$191,097
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$238,534
Net plan assets at end of year (total assets less liabilities)2020-12-31$3,574,388
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$3,335,854
Assets. Value of participant loans2020-12-31$20,154
Assets. Value of employer securities2020-12-31$2,468,152
Total contributions received or receivable from employer(s)2020-12-31$217,708
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$885
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$236,076
Total plan liabilities at beginning of year2019-12-31$298,903
Total income from all sources2019-12-31$577,025
Expenses. Total of all expenses incurred2019-12-31$127,032
Benefits paid (including direct rollovers)2019-12-31$91,085
Total plan assets at end of year2019-12-31$3,571,930
Total plan assets at beginning of year2019-12-31$3,184,764
Value of fidelity bond covering the plan2019-12-31$3,000,000
Total contributions received or receivable from participants2019-12-31$154,319
Expenses. Other expenses not covered elsewhere2019-12-31$35,216
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$328,429
Net income (gross income less expenses)2019-12-31$449,993
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,335,854
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$2,885,861
Assets. Value of participant loans2019-12-31$30,801
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022019-12-31$4,064
Assets. Value of employer securities2019-12-31$2,313,826
Total contributions received or receivable from employer(s)2019-12-31$94,277
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$731
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$298,903
Total plan liabilities at beginning of year2018-12-31$49,360
Total income from all sources2018-12-31$426,145
Expenses. Total of all expenses incurred2018-12-31$298,719
Benefits paid (including direct rollovers)2018-12-31$287,166
Total plan assets at end of year2018-12-31$3,184,764
Total plan assets at beginning of year2018-12-31$2,807,795
Value of fidelity bond covering the plan2018-12-31$3,000,000
Total contributions received or receivable from participants2018-12-31$140,626
Expenses. Other expenses not covered elsewhere2018-12-31$3,894
Contributions received from other sources (not participants or employers)2018-12-31$119,351
Other income received2018-12-31$70,049
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$127,426
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,885,861
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,758,435
Assets. Value of participant loans2018-12-31$100,258
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022018-12-31$4,064
Assets. Value of employer securities2018-12-31$2,168,446
Total contributions received or receivable from employer(s)2018-12-31$96,119
Value of certain deemed distributions of participant loans2018-12-31$7,501
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$158
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$49,360
Total plan liabilities at beginning of year2017-12-31$94,758
Total income from all sources2017-12-31$389,904
Expenses. Total of all expenses incurred2017-12-31$138,380
Benefits paid (including direct rollovers)2017-12-31$131,872
Total plan assets at end of year2017-12-31$2,807,795
Total plan assets at beginning of year2017-12-31$2,601,669
Value of fidelity bond covering the plan2017-12-31$3,000,000
Total contributions received or receivable from participants2017-12-31$134,119
Expenses. Other expenses not covered elsewhere2017-12-31$4,216
Other income received2017-12-31$179,046
Net income (gross income less expenses)2017-12-31$251,524
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,758,435
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,506,911
Assets. Value of participant loans2017-12-31$114,600
Assets. Value of employer securities2017-12-31$1,569,839
Total contributions received or receivable from employer(s)2017-12-31$76,739
Value of certain deemed distributions of participant loans2017-12-31$1,834
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$458
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$94,758
Total plan liabilities at beginning of year2016-12-31$123,173
Total income from all sources2016-12-31$311,301
Expenses. Total of all expenses incurred2016-12-31$47,730
Benefits paid (including direct rollovers)2016-12-31$39,786
Total plan assets at end of year2016-12-31$2,601,669
Total plan assets at beginning of year2016-12-31$2,366,513
Value of fidelity bond covering the plan2016-12-31$2,500,000
Total contributions received or receivable from participants2016-12-31$129,718
Expenses. Other expenses not covered elsewhere2016-12-31$5,930
Other income received2016-12-31$110,415
Net income (gross income less expenses)2016-12-31$263,571
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,506,911
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,243,340
Assets. Value of participant loans2016-12-31$32,759
Assets. Value of employer securities2016-12-31$1,313,129
Total contributions received or receivable from employer(s)2016-12-31$71,168
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$2,014
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$123,173
Total plan liabilities at beginning of year2015-12-31$150,160
Total income from all sources2015-12-31$322,080
Expenses. Total of all expenses incurred2015-12-31$362,334
Benefits paid (including direct rollovers)2015-12-31$353,669
Total plan assets at end of year2015-12-31$2,366,513
Total plan assets at beginning of year2015-12-31$2,433,754
Value of fidelity bond covering the plan2015-12-31$2,500,000
Total contributions received or receivable from participants2015-12-31$122,843
Expenses. Other expenses not covered elsewhere2015-12-31$7,787
Contributions received from other sources (not participants or employers)2015-12-31$15,010
Other income received2015-12-31$114,731
Net income (gross income less expenses)2015-12-31$-40,254
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,243,340
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,283,594
Assets. Value of participant loans2015-12-31$35,089
Assets. Value of employer securities2015-12-31$1,240,465
Total contributions received or receivable from employer(s)2015-12-31$69,496
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$878
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$150,160
Total plan liabilities at beginning of year2014-12-31$175,776
Total income from all sources2014-12-31$301,427
Expenses. Total of all expenses incurred2014-12-31$135,289
Benefits paid (including direct rollovers)2014-12-31$125,845
Total plan assets at end of year2014-12-31$2,433,754
Total plan assets at beginning of year2014-12-31$2,293,232
Value of fidelity bond covering the plan2014-12-31$2,800,000
Total contributions received or receivable from participants2014-12-31$123,860
Expenses. Other expenses not covered elsewhere2014-12-31$8,729
Other income received2014-12-31$107,555
Net income (gross income less expenses)2014-12-31$166,138
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,283,594
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,117,456
Assets. Value of participant loans2014-12-31$66,257
Assets. Value of employer securities2014-12-31$1,063,847
Total contributions received or receivable from employer(s)2014-12-31$70,012
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$715
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$175,776
Total plan liabilities at beginning of year2013-12-31$200,090
Total income from all sources2013-12-31$504,125
Expenses. Total of all expenses incurred2013-12-31$40,436
Benefits paid (including direct rollovers)2013-12-31$30,004
Total plan assets at end of year2013-12-31$2,293,232
Total plan assets at beginning of year2013-12-31$1,853,857
Value of fidelity bond covering the plan2013-12-31$2,800,000
Total contributions received or receivable from participants2013-12-31$133,945
Expenses. Other expenses not covered elsewhere2013-12-31$10,031
Contributions received from other sources (not participants or employers)2013-12-31$54,523
Other income received2013-12-31$237,130
Net income (gross income less expenses)2013-12-31$463,689
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,117,456
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,653,767
Assets. Value of participant loans2013-12-31$71,060
Assets. Value of employer securities2013-12-31$1,008,050
Total contributions received or receivable from employer(s)2013-12-31$78,527
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$401
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$200,090
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$388,677
Expenses. Total of all expenses incurred2012-12-31$43,721
Benefits paid (including direct rollovers)2012-12-31$43,721
Total plan assets at end of year2012-12-31$1,853,857
Total plan assets at beginning of year2012-12-31$1,308,811
Value of fidelity bond covering the plan2012-12-31$2,800,000
Total contributions received or receivable from participants2012-12-31$87,288
Contributions received from other sources (not participants or employers)2012-12-31$164,832
Other income received2012-12-31$90,515
Net income (gross income less expenses)2012-12-31$344,956
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,653,767
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,308,811
Assets. Value of participant loans2012-12-31$78,511
Assets. Value of employer securities2012-12-31$795,545
Total contributions received or receivable from employer(s)2012-12-31$46,042
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$122,552
Expenses. Total of all expenses incurred2011-12-31$346,359
Benefits paid (including direct rollovers)2011-12-31$346,359
Total plan assets at end of year2011-12-31$1,308,811
Total plan assets at beginning of year2011-12-31$1,532,618
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$76,906
Other income received2011-12-31$9,522
Net income (gross income less expenses)2011-12-31$-223,807
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,308,811
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,532,618
Assets. Value of participant loans2011-12-31$10,309
Assets. Value of employer securities2011-12-31$511,995
Total contributions received or receivable from employer(s)2011-12-31$36,124
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$118,881
Expenses. Total of all expenses incurred2010-12-31$40,793
Benefits paid (including direct rollovers)2010-12-31$40,793
Total plan assets at end of year2010-12-31$1,532,618
Total plan assets at beginning of year2010-12-31$1,454,530
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$54,174
Other income received2010-12-31$47,623
Net income (gross income less expenses)2010-12-31$78,088
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,532,618
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,454,530
Assets. Value of participant loans2010-12-31$1,325
Assets. Value of employer securities2010-12-31$728,011
Total contributions received or receivable from employer(s)2010-12-31$17,084
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN

2023: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entityMulitple employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entityMulitple employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entityMulitple employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP 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 - TrustYes
2012: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP 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 - TrustYes
2011: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP 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 - TrustYes
2010: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP 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 - TrustYes
2009: TOWER COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP 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 - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number06580564
Policy instance 1
Insurance contract or identification number06580564
Number of Individuals Covered76
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number06580564
Policy instance 1
Insurance contract or identification number06580564
Number of Individuals Covered83
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0

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