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AMERICAN BANK OF COMMERCE 401(K) PLAN 401k Plan overview

Plan NameAMERICAN BANK OF COMMERCE 401(K) PLAN
Plan identification number 001

AMERICAN BANK OF COMMERCE 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

AMERICAN BANK OF COMMERCE has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN BANK OF COMMERCE
Employer identification number (EIN):870539097
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about AMERICAN BANK OF COMMERCE

Jurisdiction of Incorporation: Nevada Department of State
Incorporation Date: 1979-05-22
Company Identification Number: 19791005004

More information about AMERICAN BANK OF COMMERCE

Form 5500 Filing Information

Submission information for form 5500 for 401k plan AMERICAN BANK OF COMMERCE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01SHAWN CHOATE2020-07-26
0012018-01-01NICOLE MANSFIELD
0012017-01-01NICOLE MANSFIELD
0012016-01-01NICOLE MANSFIELD
0012015-01-01AMY FELIX AMY FELIX2016-07-19
0012014-01-01AMY FELIX AMY FELIX2015-06-09
0012013-01-01AMY FELIX AMY FELIX2014-07-07
0012012-01-01AMY FELIX AMY FELIX2013-05-23
0012011-01-01LEONEL CASTILLO LEONEL CASTILLO2012-05-25
0012009-01-01AMY FELIX AMY FELIX2010-07-21

Financial Data on AMERICAN BANK OF COMMERCE 401(K) PLAN

Measure Date Value
2018 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$100,926
Expenses. Total of all expenses incurred2018-12-31$790,030
Benefits paid (including direct rollovers)2018-12-31$789,610
Total plan assets at end of year2018-12-31$888,559
Total plan assets at beginning of year2018-12-31$1,577,663
Value of fidelity bond covering the plan2018-12-31$160,000
Total contributions received or receivable from participants2018-12-31$142,096
Expenses. Other expenses not covered elsewhere2018-12-31$420
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-73,002
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-689,104
Net plan assets at end of year (total assets less liabilities)2018-12-31$888,559
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,577,663
Total contributions received or receivable from employer(s)2018-12-31$31,832
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$396,608
Expenses. Total of all expenses incurred2017-12-31$6,013
Benefits paid (including direct rollovers)2017-12-31$162
Total plan assets at end of year2017-12-31$1,577,663
Total plan assets at beginning of year2017-12-31$1,187,068
Value of fidelity bond covering the plan2017-12-31$160,000
Total contributions received or receivable from participants2017-12-31$117,605
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$243,312
Net income (gross income less expenses)2017-12-31$390,595
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,577,663
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,187,068
Total contributions received or receivable from employer(s)2017-12-31$35,691
Value of corrective distributions2017-12-31$5,851
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$198,411
Expenses. Total of all expenses incurred2016-12-31$138,401
Benefits paid (including direct rollovers)2016-12-31$133,943
Total plan assets at end of year2016-12-31$1,187,068
Total plan assets at beginning of year2016-12-31$1,127,058
Value of fidelity bond covering the plan2016-12-31$120,000
Total contributions received or receivable from participants2016-12-31$115,968
Expenses. Other expenses not covered elsewhere2016-12-31$35
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$52,808
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$60,010
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,187,068
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,127,058
Total contributions received or receivable from employer(s)2016-12-31$29,635
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$4,423
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$108,425
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$1,127,058
Total plan assets at beginning of year2015-12-31$1,018,633
Value of fidelity bond covering the plan2015-12-31$120,000
Total contributions received or receivable from participants2015-12-31$109,181
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-27,256
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$108,425
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,127,058
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,018,633
Total contributions received or receivable from employer(s)2015-12-31$26,500
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$185,881
Expenses. Total of all expenses incurred2014-12-31$80,961
Benefits paid (including direct rollovers)2014-12-31$80,891
Total plan assets at end of year2014-12-31$1,018,633
Total plan assets at beginning of year2014-12-31$913,713
Value of fidelity bond covering the plan2014-12-31$110,000
Total contributions received or receivable from participants2014-12-31$91,417
Expenses. Other expenses not covered elsewhere2014-12-31$70
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$69,099
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$104,920
Net plan assets at end of year (total assets less liabilities)2014-12-31$1,018,633
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$913,713
Total contributions received or receivable from employer(s)2014-12-31$25,365
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$3,433
Total income from all sources2013-12-31$242,965
Expenses. Total of all expenses incurred2013-12-31$15,849
Benefits paid (including direct rollovers)2013-12-31$15,778
Total plan assets at end of year2013-12-31$913,713
Total plan assets at beginning of year2013-12-31$690,030
Value of fidelity bond covering the plan2013-12-31$100,000
Total contributions received or receivable from participants2013-12-31$78,941
Expenses. Other expenses not covered elsewhere2013-12-31$71
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$142,062
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$227,116
Net plan assets at end of year (total assets less liabilities)2013-12-31$913,713
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$686,597
Total contributions received or receivable from employer(s)2013-12-31$21,962
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$0
2012 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2012 401k financial data
Total plan liabilities at end of year2012-12-31$3,433
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$127,724
Expenses. Total of all expenses incurred2012-12-31$28,886
Benefits paid (including direct rollovers)2012-12-31$25,418
Total plan assets at end of year2012-12-31$690,030
Total plan assets at beginning of year2012-12-31$587,759
Value of fidelity bond covering the plan2012-12-31$70,000
Total contributions received or receivable from participants2012-12-31$57,991
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$66,534
Noncash contributions received2012-12-31$0
Net income (gross income less expenses)2012-12-31$98,838
Net plan assets at end of year (total assets less liabilities)2012-12-31$686,597
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$587,759
Assets. Value of participant loans2012-12-31$0
Total contributions received or receivable from employer(s)2012-12-31$3,199
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$3,433
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$35
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
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$40,116
Expenses. Total of all expenses incurred2011-12-31$75
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$587,759
Total plan assets at beginning of year2011-12-31$547,718
Value of fidelity bond covering the plan2011-12-31$60,000
Total contributions received or receivable from participants2011-12-31$54,499
Expenses. Other expenses not covered elsewhere2011-12-31$75
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$-14,383
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$40,041
Net plan assets at end of year (total assets less liabilities)2011-12-31$587,759
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$547,718
Assets. Value of participant loans2011-12-31$5,729
Total contributions received or receivable from employer(s)2011-12-31$0
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : AMERICAN BANK OF COMMERCE 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
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$92,733
Expenses. Total of all expenses incurred2010-12-31$41,248
Benefits paid (including direct rollovers)2010-12-31$41,178
Total plan assets at end of year2010-12-31$547,718
Total plan assets at beginning of year2010-12-31$496,233
Value of fidelity bond covering the plan2010-12-31$60,000
Total contributions received or receivable from participants2010-12-31$45,098
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$47,635
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$51,485
Net plan assets at end of year (total assets less liabilities)2010-12-31$547,718
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$496,233
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$70
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for AMERICAN BANK OF COMMERCE 401(K) PLAN

2018: AMERICAN BANK OF COMMERCE 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle 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 – InsuranceYes
2018-01-01Plan benefit arrangement – InsuranceYes
2017: AMERICAN BANK OF COMMERCE 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle 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 – InsuranceYes
2017-01-01Plan benefit arrangement – InsuranceYes
2016: AMERICAN BANK OF COMMERCE 401(K) 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 benefit arrangement – InsuranceYes
2015: AMERICAN BANK OF COMMERCE 401(K) 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 benefit arrangement – InsuranceYes
2014: AMERICAN BANK OF COMMERCE 401(K) 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 benefit arrangement – InsuranceYes
2013: AMERICAN BANK OF COMMERCE 401(K) 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 benefit arrangement – InsuranceYes
2012: AMERICAN BANK OF COMMERCE 401(K) 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 benefit arrangement – InsuranceYes
2011: AMERICAN BANK OF COMMERCE 401(K) 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 benefit arrangement – InsuranceYes
2009: AMERICAN BANK OF COMMERCE 401(K) 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 benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1
AMERITAS LIFE INSURANCE CORP. (National Association of Insurance Commissioners NAIC id number: 61301 )
Policy contract numberE64 3861
Policy instance 2
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 78778 )
Policy contract number604449
Policy instance 1

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