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COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 401k Plan overview

Plan NameCOMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST
Plan identification number 001

COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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.
  • 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.
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

FDIC AS RECEIVER OF COMMUNITY FIRST BANK has sponsored the creation of one or more 401k plans.

Company Name:FDIC AS RECEIVER OF COMMUNITY FIRST BANK
Employer identification number (EIN):930754990
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01FDIC RECEIVER BY JEFF MALLOCH

Plan Statistics for COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

401k plan membership statisitcs for COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2009: COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01129
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-0112
Number of other retired or separated participants entitled to future benefits2009-01-0132
Total of all active and inactive participants2009-01-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0144
Number of participants with account balances2009-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0120

Financial Data on COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Measure Date Value
2010 : COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 2010 401k financial data
Total plan liabilities at end of year2010-12-15$0
Total plan liabilities at beginning of year2010-12-15$7,876
Total income from all sources2010-12-15$-1,783
Expenses. Total of all expenses incurred2010-12-15$68,185
Benefits paid (including direct rollovers)2010-12-15$68,185
Total plan assets at end of year2010-12-15$0
Total plan assets at beginning of year2010-12-15$77,844
Value of fidelity bond covering the plan2010-12-15$1,000,000
Other income received2010-12-15$-1,783
Net income (gross income less expenses)2010-12-15$-69,968
Net plan assets at end of year (total assets less liabilities)2010-12-15$0
Net plan assets at beginning of year (total assets less liabilities)2010-12-15$69,968
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-15$0
2009 : COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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 COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

2009: COMMUNITY FIRST BANK EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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