401k Plan data: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST plan

NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan identification number	002

NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Total participant-directed account plan - Participants have the opportunity to direct the investment of all 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.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

UNITED BANK has sponsored the creation of one or more 401k plans.

Company Name: UNITED BANK

Employer identification number (EIN): 041858810

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2013-01-01 MIRIAM SIEGEL
002 2012-01-01 MIRIAM SIEGEL

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2013-01-01	MIRIAM SIEGEL
002	2012-01-01	MIRIAM SIEGEL

Plan Statistics for NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2013: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 157
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 157
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 103
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 54
Total of all active and inactive participants 2012-01-01 157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 157
Number of participants with account balances 2012-01-01 148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2013: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	157
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	157
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	103
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	54
Total of all active and inactive participants	2012-01-01	157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	157
Number of participants with account balances	2012-01-01	148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2013 : NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-04-30	$0
Total transfer of assets from this plan	2013-04-30	$3,661,737
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-04-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-04-30	$0
Total income from all sources (including contributions)	2013-04-30	$150,017
Total loss/gain on sale of assets	2013-04-30	$-11,427
Total of all expenses incurred	2013-04-30	$1,464,551
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-04-30	$1,456,541
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-04-30	$0
Value of total assets at end of year	2013-04-30	$0
Value of total assets at beginning of year	2013-04-30	$4,976,271
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-04-30	$8,010
Total interest from all sources	2013-04-30	$842
Total dividends received (eg from common stock, registered investment company shares)	2013-04-30	$7,953
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-04-30	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-04-30	$0
Was this plan covered by a fidelity bond	2013-04-30	Yes
Value of fidelity bond cover	2013-04-30	$1,000,000
If this is an individual account plan, was there a blackout period	2013-04-30	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-04-30	$0
Were there any nonexempt tranactions with any party-in-interest	2013-04-30	No
Participant contributions at end of year	2013-04-30	$0
Participant contributions at beginning of year	2013-04-30	$75,614
Administrative expenses (other) incurred	2013-04-30	$880
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-04-30	No
Value of net income/loss	2013-04-30	$-1,314,534
Value of net assets at end of year (total assets less liabilities)	2013-04-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-04-30	$4,976,271
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-04-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-04-30	No
Were any leases to which the plan was party in default or uncollectible	2013-04-30	No
Income. Interest from loans (other than to participants)	2013-04-30	$766
Value of interest in common/collective trusts at end of year	2013-04-30	$0
Value of interest in common/collective trusts at beginning of year	2013-04-30	$3,200,151
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-04-30	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-04-30	$138,718
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-04-30	$138,718
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-04-30	$76
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-04-30	$-48,806
Net investment gain or loss from common/collective trusts	2013-04-30	$201,455
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-04-30	No
Was there a failure to transmit to the plan any participant contributions	2013-04-30	No
Has the plan failed to provide any benefit when due under the plan	2013-04-30	No
Assets. Invements in employer securities at end of year	2013-04-30	$0
Assets. Invements in employer securities at beginning of year	2013-04-30	$1,561,788
Income. Dividends from common stock	2013-04-30	$7,953
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-04-30	$1,456,541
Contract administrator fees	2013-04-30	$7,130
Did the plan have assets held for investment	2013-04-30	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-04-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-04-30	Yes
Aggregate proceeds on sale of assets	2013-04-30	$988,864
Aggregate carrying amount (costs) on sale of assets	2013-04-30	$1,000,291
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-04-30	No
Opinion of an independent qualified public accountant for this plan	2013-04-30	Unqualified
Accountancy firm name	2013-04-30	SHATSWELL MACLEOD & COMPANY, P.C.
Accountancy firm EIN	2013-04-30	043238170
2012 : NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$457,050
Total unrealized appreciation/depreciation of assets	2012-12-31	$457,050
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$1,328,933
Total loss/gain on sale of assets	2012-12-31	$23,393
Total of all expenses incurred	2012-12-31	$443,038
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$411,986
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$476,827
Value of total assets at end of year	2012-12-31	$4,976,271
Value of total assets at beginning of year	2012-12-31	$4,090,376
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$31,052
Total interest from all sources	2012-12-31	$3,995
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$9,183
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$352,786
Participant contributions at end of year	2012-12-31	$75,614
Participant contributions at beginning of year	2012-12-31	$72,503
Administrative expenses (other) incurred	2012-12-31	$2,208
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$885,895
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$4,976,271
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$4,090,376
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Investment advisory and management fees	2012-12-31	$3,356
Income. Interest from loans (other than to participants)	2012-12-31	$3,470
Value of interest in common/collective trusts at end of year	2012-12-31	$3,200,151
Value of interest in common/collective trusts at beginning of year	2012-12-31	$2,710,500
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$138,718
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$226,533
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$226,533
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$525
Net investment gain or loss from common/collective trusts	2012-12-31	$358,485
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$1,561,788
Assets. Invements in employer securities at beginning of year	2012-12-31	$1,080,840
Contributions received in cash from employer	2012-12-31	$124,041
Income. Dividends from common stock	2012-12-31	$9,183
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$411,986
Contract administrator fees	2012-12-31	$25,488
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Aggregate proceeds on sale of assets	2012-12-31	$103,208
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$79,815
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	SHATSWELL MACLEOD & COMPANY, P.C.
Accountancy firm EIN	2012-12-31	043238170

Form 5500 Responses for NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

2013: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	UNITED BANK
Employer identification number (EIN):	041858810
NAIC Classification:	522120
NAIC Description:	Savings Institutions