Carolina Bank 401(k) Plan (terminated 2017): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2017, when $10.5 million was transferred out of the plan. Assets moved to the FIRST BANCORP EMPLOYEES' 401(K) SAVINGS PLAN (sponsored by FIRST BANCORP). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
See the FIRST BANCORP EMPLOYEES' 401(K) SAVINGS PLAN →Carolina Bank 401(k) Login
We don't have a verified login link for this plan's recordkeeper. Beagle can locate your account.
Retirement plan providers can change. This information is from the plan's 2017 filing.
Carolina Bank 401(k) Plan Facts (plan year 2017)
Source: Form 5500 for plan year 2017 (Jan 1, 2017 – Dec 31, 2017), filed Oct 2, 2018. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2017
- $646,279 went into the plan in contributions, $268,856 of it from the employer (42%).
- $5.29 million was paid out to participants.
- Investment and other income added $1.03 million.
How the Carolina Bank 401(k) changed, 2012–2017
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2012 | 178 | $6.79 million | $541,602 | $109,751 |
| 2013 | 214 | $9.52 million | $641,832 | $440,404 |
| 2014 | 215 | $10.7 million | $558,622 | $479,109 |
| 2015 | 211 | $13.1 million | $632,763 | $787,187 |
| 2016 | 215 | $14.2 million | $632,736 | $2.09 million |
| 2017 (final) | 201 | $0 | $268,856 | $5.29 million |
Carolina Bank 401(k) Contact Information
Questions about the Carolina Bank 401(k)
Is the Carolina Bank 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2017. Its assets were transferred to the FIRST BANCORP EMPLOYEES' 401(K) SAVINGS PLAN.
Does Carolina Bank contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $268,856, 42% of all contributions.
Does the Carolina Bank 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Carolina Bank 401(k) plan?
201 participants at the start of plan year 2017.
Who manages the Carolina Bank 401(k) accounts?
STANLEY BENEFITS INC is the plan's recordkeeper, which is where participants log in to see their balance.