401(k)
2022 plan-year 401(k) DOL Form 5500

DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

DRUMMOND COMMUNITY BANK, INC.

This 401(k) plan holds N/A in total assets and serves 206 participants as of 2022. It is sponsored by DRUMMOND COMMUNITY BANK, INC. in Florida. The plan reported a net loss of $17M for the year.

Total Assets (2023)
N/A
Participants
206
State
Industry
Finance & Insurance

What the Filing Says About DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN

DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN is a 401(k) retirement plan sponsored by DRUMMOND COMMUNITY BANK, INC., headquartered in Florida. As of the 2022 Form 5500 filing, the plan reports N/A in total end-of-year assets and covers 206 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 592976493, and the plan has been effective since 1996-04-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $17M at the beginning of 2022 to N/A at year-end. Net assets (after liabilities) closed the year at N/A, with reported net income of $-17,104,232 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$17M
Total Assets (End of Year)N/A
Net Assets (End of Year)N/A
Net Income$-17,104,232
Plan Type401(k)
Employer EIN592976493
Plan Effective Date1996-04-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN?
As of the 2022 Form 5500 filing, DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN holds N/A in total assets with 206 participants. It is sponsored by DRUMMOND COMMUNITY BANK, INC..
What type of plan is DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN?
DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN is a 401(k) plan. It has been effective since 1996-04-01. The plan is filed with the U.S. Department of Labor under EIN 592976493.
Who sponsors the DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN?
DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN is sponsored by DRUMMOND COMMUNITY BANK, INC., located in Florida. The sponsor's EIN is 592976493 and the plan operates in the Finance & Insurance industry.
How did DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN perform in 2022?
DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN held N/A in total assets at the end of 2022. Net income was $-17,104,232.
Where can I find official filings for DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN?
Official Form 5500 filings for DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 592976493 or plan name at efast.dol.gov.
How does DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN compare to other plans?
You can compare DRUMMOND COMMUNITY BANK 401(K) AND PROFIT SHARING PLAN against other 401(k) plans on the plan type page, or view plans in Florida on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 592976493.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.