PKBK Parke Bancorp Inc

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

Full title of the plan and the address of the plan, if different from that of the issuer named below:

Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office:

Exhibit
Number

Description

/s/ John S. Kaufman

Short Form Annual Return/Report of Small Employee Benefit Plan

This form is required to be filed under sections 104 and 4065 of the Employee Retirement

Income Security Act of 1974 (ERISA), and sections 6057(b) and 6058(a) of the Internal Revenue Code (the Code).

u Complete all entries in accordance with the instructions to the Form 5500-SF.

OMB Nos. 1210-0110

1210-0089

Department of the Treasury Internal Revenue Service

Department of Labor

Employee Benefits Security Administration

This Form is Open to

Public Inspection

Pension Benefit Guaranty Corporation

For calendar plan year 2022 or fiscal plan year beginning

Name of plan

PARKE BANK 401 (K) RETIREMENT   PLAN

Three-digit plan number (PN) u

Plan sponsor’s name (employer, if for a single-employer plan)

Mailing address (include room, apt., suite no. and street, or P.O. Box)

City or town, state or province, country, and ZIP or foreign postal code (if foreign, see instructions)

PARKE BANK

601 DELSEA DRIVE

SEWELL                             NJ                 08080-9325

Administrator’s EIN

Administrator’s telephone number

Plan Name

Caution: A penalty for the late or incomplete filing of this return/report will be assessed unless reasonable cause is established.

Under penalties of perjury and other penalties set forth in the instructions, I declare that I have examined this return/report, including, if applicable, a Schedule SB or Schedule MB completed and signed by an enrolled actuary, as well as the electronic version of this return/report, and to the best of my knowledge and belief, it is true, correct, and complete.

SIGN

HERE

SIGN

HERE

6a   Were all of the plan’s assets during the plan year invested in eligible assets? (See instructions.)

  b   Are you claiming a waiver of the annual examination and report of an independent qualified public accountant (IQPA) under 29 CFR 2520.104-46? (See instructions on waiver eligibility and conditions.)

If you answered “No” to either line 6a or line 6b, the plan cannot use Form 5500-SF and must instead use Form 5500.

  c If the plan is a defined benefit plan, is it covered under the PBGC insurance program (see ERISA section 4021)?   ☐  Yes  ☐  No

Part III 

7   Plan Assets and Liabilities

a  Total plan assets

b  Total plan liabilities

c   Net plan assets (subtract line 7b from line 7a)

8   Income, Expenses, and Transfers for this Plan Year

a  Contributions received or receivable from:

(1)   Employers

(2)   Participants

(3)   Others (including rollovers)

b  Other income (loss)

c   Total income (add lines 8a(1), 8a(2), 8a(3), and 8b)

d  Benefits paid (including direct rollovers and insurance premiums to provide benefits)

e   Certain deemed and/or corrective distributions (see instructions)

f   Administrative service providers (salaries, fees, commissions)

g  Other expenses

h  Total expenses (add lines 8d, 8e, 8f, and 8g)

i Net income (loss) (subtract line 8h from line 8c)

j   Transfers to (from) the plan (see instructions)

Part IV  

If the plan provides pension benefits, enter the applicable pension feature codes from the List of Plan Characteristic Codes in the instructions:

2E  2F  2G  2J  2K  2S  2T  3D

Part V  

  Compliance Questions

10   During the plan year:

a  Was there a failure to transmit to the plan any participant contributions within the time period described in 29 CFR 2510.3-102? (See instructions and DOL’s Voluntary Fiduciary Correction Program)

b  Were there any nonexempt transactions with any party-in-interest? (Do not include transactions reported on line 10a.)

c   Was the plan covered by a fidelity bond?

d  Did the plan have a loss, whether or not reimbursed by the plan’s fidelity bond, that was caused by fraud or dishonesty?

e   Were any fees or commissions paid to any brokers, agents, or other persons by an insurance carrier, insurance service, or other organization that provides some or all of the benefits under the plan? (See instructions.)

f   Has the plan failed to provide any benefit when due under the plan?

g  Did the plan have any participant loans? (If “Yes,” enter amount as of year-end.)

h  If this is an individual account plan, was there a blackout period? (See instructions and 29 CFR 2520.101-3.)

i If 10h was answered “Yes,” check the box if you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3

Page 3-  

Is this a defined benefit plan subject to minimum funding requirements? (If “Yes,” see instructions and complete Schedule SB (Form 5500) and lines 11a and b below.) If this is a defined contribution pension plan, leave line 11 blank and complete line 12 below

PBGC missed contribution reporting requirements. If the plan is covered by PBGC and the amount reported on line 11a is greater than $0, has PBGC been notified as required by ERISA sections 4043(c)(5) and/or 303(k)(4)? Check the applicable box:

Yes.

No. Reporting was waived under 29 CFR 4043.25(c)(2) because contributions equal to or exceeding the unpaid minimum required contribution were made by the 30th day after the due date.

No. The 30-day period referenced in 29 CFR 4043.25(c)(2) has not yet ended, and the sponsor intends to make a contribution equal to or exceeding the unpaid minimum required contribution by the 30th day after the due date.

No. Other. Provide explanation ____________________________________________________________________________________________________

If a waiver of the minimum funding standard for a prior year is being amortized in this plan year, see instructions, and enter the date of the letter ruling granting the waiver         Month_____ Day _____ Year ____

Department of the Treasury  

Internal Revenue Service

^u For Privacy Act and Paperwork Reduction Act Notice, see instructions.

^u Go to www.irs.gov/Form5558 for the latest information.

☐   Check this box if you are requesting an extension of time on line 2 to file the first Form 5500 series return/report for the plan listed in Part I, C above.

1019

Form 8955-SSA

Department of the Treasury

Internal Revenue Service

Annual Registration Statement Identifying Separated

Participants With Deferred Vested Benefits

This form is required to be filed under section 6057 of the Internal Revenue Code.

Go to www.irs.gov/Form8955SSA for instructions and the latest information.

This Form Is NOT Open

to Public Inspection

PART I Annual Statement Identification Information

Basic Plan Information - enter all requested information

1b Plan Number (PN)

001

2a Plan sponsor’s name

PARKE BANK

2b Employer Identification Number (EIN)

22-3621091

2d Plan sponsor’s phone number

856-256-2503

2f Mailing address (room, apt., suite no. and street, or P.O. box)

601 DELSEA DRIVE

2g City

SEWELL

2h State

NJ

2i ZIP code

08080-9325

3a Plan administrator’s name (if other than plan sponsor)

PARKE BANK

3d Plan administrator’s phone number

856-256-2503

EIN

5 If the name or EIN of the plan sponsor has changed since the last return filed for this plan, enter the name, EIN, and plan number from that return:

Sign

Here    

    Code D — has previously been reported under the above plan number, but whose benefits have been paid out or who is no longer entitled to those deferred vested benefits.

(a)

Entry

Code

(b)

Full Social

Security Number

(or “FOREIGN”)

(h)

Previous

sponsor’s

EIN

(i)

Previous

plan

number

(d) Type of

annuity

(e) Payment

frequency

(f) Defined

benefit plan —

periodic payment