Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Community Bancshares 401(K) Plan is a benefit plan reported by Community Bancshares, Inc. under EIN 48-0983971 and plan number 001. The latest loaded filing year is 2023. The filing reports 139 participants and $14,449,263 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,449,263
- Total liabilities (EOY)
- $16,730
- Net assets (EOY)
- $14,432,533
- Net assets (BOY)
- $12,905,983
Income & contributions
- Employer contributions
- $240,946
- Participant contributions
- $607,012
- Total contributions
- $1,224,383
- Total income / additions
- $3,257,455
Expenses & distributions
- Benefits paid
- $1,700,842
- Administrative expenses
- $30,063
- Total expenses
- $1,730,905
- Net increase / (decrease)
- $1,526,550