WESTFIELD BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan 401(K) PLAN AS ADOPTED BY WESTFIELD BANK
Measure | Date | Value |
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2023 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2023 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2023-12-31 | $20,426 |
Total unrealized appreciation/depreciation of assets | 2023-12-31 | $20,426 |
Total transfer of assets to this plan | 2023-12-31 | $5,804 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $44,121 |
Total income from all sources (including contributions) | 2023-12-31 | $11,973,006 |
Total loss/gain on sale of assets | 2023-12-31 | $-82,208 |
Total of all expenses incurred | 2023-12-31 | $3,880,553 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $3,782,110 |
Value of total corrective distributions | 2023-12-31 | $36,195 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $6,599,716 |
Value of total assets at end of year | 2023-12-31 | $41,915,329 |
Value of total assets at beginning of year | 2023-12-31 | $33,861,193 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $62,248 |
Total interest from all sources | 2023-12-31 | $35,670 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $240,878 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $194,098 |
Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
Value of fidelity bond cover | 2023-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
Contributions received from participants | 2023-12-31 | $1,729,840 |
Participant contributions at end of year | 2023-12-31 | $619,073 |
Participant contributions at beginning of year | 2023-12-31 | $596,149 |
Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $3,538,148 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2023-12-31 | $44,121 |
Other income not declared elsewhere | 2023-12-31 | $84 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Value of net income/loss | 2023-12-31 | $8,092,453 |
Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $41,915,329 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $33,817,072 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
Investment advisory and management fees | 2023-12-31 | $19,781 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $15,824,264 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $2,076,979 |
Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $9,187,322 |
Interest on participant loans | 2023-12-31 | $35,670 |
Value of interest in common/collective trusts at end of year | 2023-12-31 | $23,296,378 |
Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $20,343,014 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,600,269 |
Net investment gain/loss from pooled separate accounts | 2023-12-31 | $766,021 |
Net investment gain or loss from common/collective trusts | 2023-12-31 | $2,792,150 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | Yes |
Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
Assets. Invements in employer securities at end of year | 2023-12-31 | $1,569,941 |
Assets. Invements in employer securities at beginning of year | 2023-12-31 | $1,657,721 |
Contributions received in cash from employer | 2023-12-31 | $1,331,728 |
Employer contributions (assets) at end of year | 2023-12-31 | $605,673 |
Employer contributions (assets) at beginning of year | 2023-12-31 | $8 |
Income. Dividends from common stock | 2023-12-31 | $46,780 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $3,782,110 |
Contract administrator fees | 2023-12-31 | $42,467 |
Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
Aggregate proceeds on sale of assets | 2023-12-31 | $336,311 |
Aggregate carrying amount (costs) on sale of assets | 2023-12-31 | $418,519 |
Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
Accountancy firm name | 2023-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2023-12-31 | 042689883 |
2022 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2022 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $119,366 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $119,366 |
Total transfer of assets to this plan | 2022-12-31 | $1,240 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $44,121 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-3,220,500 |
Total loss/gain on sale of assets | 2022-12-31 | $-1,809 |
Total of all expenses incurred | 2022-12-31 | $2,615,069 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,458,170 |
Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $35,233 |
Value of total corrective distributions | 2022-12-31 | $3,845 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $2,213,631 |
Value of total assets at end of year | 2022-12-31 | $33,861,193 |
Value of total assets at beginning of year | 2022-12-31 | $39,651,401 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $117,821 |
Total interest from all sources | 2022-12-31 | $30,980 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $54,067 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $10,365 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $1,551,056 |
Participant contributions at end of year | 2022-12-31 | $596,149 |
Participant contributions at beginning of year | 2022-12-31 | $683,713 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $192,630 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $44,121 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-5,835,569 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $33,817,072 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $39,651,401 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $4,677 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $2,076,979 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $2,905,613 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $9,187,322 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $11,238,830 |
Interest on participant loans | 2022-12-31 | $30,980 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $20,343,014 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $23,160,902 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-686,248 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-1,820,563 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $-3,129,924 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Assets. Invements in employer securities at end of year | 2022-12-31 | $1,657,721 |
Assets. Invements in employer securities at beginning of year | 2022-12-31 | $1,662,343 |
Contributions received in cash from employer | 2022-12-31 | $469,945 |
Employer contributions (assets) at end of year | 2022-12-31 | $8 |
Income. Dividends from common stock | 2022-12-31 | $43,702 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,458,170 |
Contract administrator fees | 2022-12-31 | $113,144 |
Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Aggregate proceeds on sale of assets | 2022-12-31 | $301,150 |
Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $302,959 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2022-12-31 | 042689883 |
2021 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2021 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $314,996 |
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $314,996 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
Total income from all sources (including contributions) | 2021-12-31 | $8,061,067 |
Total loss/gain on sale of assets | 2021-12-31 | $169,432 |
Total of all expenses incurred | 2021-12-31 | $7,112,739 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $6,982,180 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $2,600,606 |
Value of total assets at end of year | 2021-12-31 | $39,651,401 |
Value of total assets at beginning of year | 2021-12-31 | $38,703,073 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $130,559 |
Total interest from all sources | 2021-12-31 | $33,428 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $64,232 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $16,743 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $1,581,858 |
Participant contributions at end of year | 2021-12-31 | $683,713 |
Participant contributions at beginning of year | 2021-12-31 | $694,493 |
Participant contributions at beginning of year | 2021-12-31 | $44 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $543,080 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2021-12-31 | $284 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $948,328 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $39,651,401 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $38,703,073 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $2,905,613 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $2,444,197 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $11,238,830 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $10,903,342 |
Interest on participant loans | 2021-12-31 | $33,428 |
Value of interest in common/collective trusts at end of year | 2021-12-31 | $23,160,902 |
Value of interest in common/collective trusts at beginning of year | 2021-12-31 | $23,017,894 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $468,965 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $1,933,182 |
Net investment gain or loss from common/collective trusts | 2021-12-31 | $2,476,226 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Assets. Invements in employer securities at end of year | 2021-12-31 | $1,662,343 |
Assets. Invements in employer securities at beginning of year | 2021-12-31 | $1,643,081 |
Contributions received in cash from employer | 2021-12-31 | $475,668 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $22 |
Income. Dividends from common stock | 2021-12-31 | $47,489 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $6,981,896 |
Contract administrator fees | 2021-12-31 | $130,559 |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Aggregate proceeds on sale of assets | 2021-12-31 | $683,727 |
Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $514,295 |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2021-12-31 | 042689883 |
2020 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2020 401k financial data |
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Unrealized appreciation/depreciation of real estate assets | 2020-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $-524,451 |
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $-524,451 |
Total transfer of assets to this plan | 2020-12-31 | $27,279 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
Total income from all sources (including contributions) | 2020-12-31 | $5,398,481 |
Total loss/gain on sale of assets | 2020-12-31 | $-149,553 |
Total of all expenses incurred | 2020-12-31 | $1,761,258 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,745,433 |
Expenses. Certain deemed distributions of participant loans | 2020-12-31 | $0 |
Value of total corrective distributions | 2020-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $2,102,306 |
Value of total assets at end of year | 2020-12-31 | $38,703,073 |
Value of total assets at beginning of year | 2020-12-31 | $35,038,571 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $15,825 |
Total income from rents | 2020-12-31 | $0 |
Total interest from all sources | 2020-12-31 | $36,356 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $56,168 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $7,347 |
Administrative expenses professional fees incurred | 2020-12-31 | $0 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2020-12-31 | $0 |
Contributions received from participants | 2020-12-31 | $1,533,508 |
Participant contributions at end of year | 2020-12-31 | $694,493 |
Participant contributions at beginning of year | 2020-12-31 | $691,871 |
Participant contributions at end of year | 2020-12-31 | $44 |
Participant contributions at beginning of year | 2020-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $100,774 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2020-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $0 |
Other income not declared elsewhere | 2020-12-31 | $0 |
Administrative expenses (other) incurred | 2020-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $0 |
Total non interest bearing cash at end of year | 2020-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2020-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $3,637,223 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $38,703,073 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $35,038,571 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2020-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2020-12-31 | $0 |
Investment advisory and management fees | 2020-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $2,444,197 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $2,297,517 |
Value of interest in pooled separate accounts at end of year | 2020-12-31 | $10,903,342 |
Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $10,352,557 |
Interest on participant loans | 2020-12-31 | $36,356 |
Income. Interest from loans (other than to participants) | 2020-12-31 | $0 |
Interest earned on other investments | 2020-12-31 | $0 |
Income. Interest from US Government securities | 2020-12-31 | $0 |
Income. Interest from corporate debt instruments | 2020-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2020-12-31 | $23,017,894 |
Value of interest in common/collective trusts at beginning of year | 2020-12-31 | $19,304,691 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2020-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $456,172 |
Net investment gain/loss from pooled separate accounts | 2020-12-31 | $1,251,382 |
Net investment gain or loss from common/collective trusts | 2020-12-31 | $2,170,101 |
Net gain/loss from 103.12 investment entities | 2020-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Assets. Invements in employer securities at end of year | 2020-12-31 | $1,643,081 |
Assets. Invements in employer securities at beginning of year | 2020-12-31 | $2,391,935 |
Contributions received in cash from employer | 2020-12-31 | $468,024 |
Employer contributions (assets) at end of year | 2020-12-31 | $22 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $0 |
Income. Dividends from preferred stock | 2020-12-31 | $0 |
Income. Dividends from common stock | 2020-12-31 | $48,821 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,745,433 |
Contract administrator fees | 2020-12-31 | $15,825 |
Liabilities. Value of benefit claims payable at beginning of year | 2020-12-31 | $0 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Aggregate proceeds on sale of assets | 2020-12-31 | $308,629 |
Aggregate carrying amount (costs) on sale of assets | 2020-12-31 | $458,182 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2020-12-31 | $0 |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
Accountancy firm name | 2020-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2020-12-31 | 042689883 |
2019 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2019 401k financial data |
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Unrealized appreciation/depreciation of real estate assets | 2019-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $-92,289 |
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $-92,289 |
Total transfer of assets to this plan | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $8,356,868 |
Total loss/gain on sale of assets | 2019-12-31 | $-22,000 |
Total of all expenses incurred | 2019-12-31 | $1,663,577 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $1,653,353 |
Expenses. Certain deemed distributions of participant loans | 2019-12-31 | $0 |
Value of total corrective distributions | 2019-12-31 | $338 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $3,009,495 |
Value of total assets at end of year | 2019-12-31 | $35,038,571 |
Value of total assets at beginning of year | 2019-12-31 | $28,345,280 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $9,886 |
Total income from rents | 2019-12-31 | $0 |
Total interest from all sources | 2019-12-31 | $34,197 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $57,527 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $6,645 |
Administrative expenses professional fees incurred | 2019-12-31 | $0 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2019-12-31 | $0 |
Contributions received from participants | 2019-12-31 | $1,470,977 |
Participant contributions at end of year | 2019-12-31 | $691,871 |
Participant contributions at beginning of year | 2019-12-31 | $682,342 |
Participant contributions at end of year | 2019-12-31 | $0 |
Participant contributions at beginning of year | 2019-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $1,115,839 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2019-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $0 |
Other income not declared elsewhere | 2019-12-31 | $0 |
Administrative expenses (other) incurred | 2019-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $0 |
Total non interest bearing cash at end of year | 2019-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2019-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $6,693,291 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $35,038,571 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $28,345,280 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2019-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2019-12-31 | $0 |
Investment advisory and management fees | 2019-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $2,297,517 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $1,552,406 |
Value of interest in pooled separate accounts at end of year | 2019-12-31 | $10,352,557 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $7,722,585 |
Interest on participant loans | 2019-12-31 | $34,197 |
Income. Interest from loans (other than to participants) | 2019-12-31 | $0 |
Interest earned on other investments | 2019-12-31 | $0 |
Income. Interest from US Government securities | 2019-12-31 | $0 |
Income. Interest from corporate debt instruments | 2019-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2019-12-31 | $19,304,691 |
Value of interest in common/collective trusts at beginning of year | 2019-12-31 | $15,776,153 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2019-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $493,599 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $2,018,673 |
Net investment gain or loss from common/collective trusts | 2019-12-31 | $2,857,666 |
Net gain/loss from 103.12 investment entities | 2019-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Assets. Invements in employer securities at end of year | 2019-12-31 | $2,391,935 |
Assets. Invements in employer securities at beginning of year | 2019-12-31 | $2,611,794 |
Contributions received in cash from employer | 2019-12-31 | $422,679 |
Employer contributions (assets) at end of year | 2019-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $0 |
Income. Dividends from preferred stock | 2019-12-31 | $0 |
Income. Dividends from common stock | 2019-12-31 | $50,882 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $1,653,353 |
Contract administrator fees | 2019-12-31 | $9,886 |
Liabilities. Value of benefit claims payable at beginning of year | 2019-12-31 | $0 |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Aggregate proceeds on sale of assets | 2019-12-31 | $341,076 |
Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $363,076 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2019-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
Accountancy firm name | 2019-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2019-12-31 | 042689883 |
2018 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2018 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2018-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2018-12-31 | $-221,310 |
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $-221,310 |
Total transfer of assets to this plan | 2018-12-31 | $46,340 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $0 |
Total income from all sources (including contributions) | 2018-12-31 | $-159,474 |
Total loss/gain on sale of assets | 2018-12-31 | $-7,375 |
Total of all expenses incurred | 2018-12-31 | $1,784,607 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $1,774,374 |
Expenses. Certain deemed distributions of participant loans | 2018-12-31 | $0 |
Value of total corrective distributions | 2018-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $1,896,849 |
Value of total assets at end of year | 2018-12-31 | $28,345,280 |
Value of total assets at beginning of year | 2018-12-31 | $30,243,021 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $10,233 |
Total income from rents | 2018-12-31 | $0 |
Total interest from all sources | 2018-12-31 | $32,796 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $45,819 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $4,011 |
Administrative expenses professional fees incurred | 2018-12-31 | $0 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2018-12-31 | $0 |
Contributions received from participants | 2018-12-31 | $1,291,781 |
Participant contributions at end of year | 2018-12-31 | $682,342 |
Participant contributions at beginning of year | 2018-12-31 | $655,382 |
Participant contributions at end of year | 2018-12-31 | $0 |
Participant contributions at beginning of year | 2018-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $207,011 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2018-12-31 | $566 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-12-31 | $0 |
Other income not declared elsewhere | 2018-12-31 | $0 |
Administrative expenses (other) incurred | 2018-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2018-12-31 | $0 |
Total non interest bearing cash at end of year | 2018-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2018-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $-1,944,081 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $28,345,280 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $30,243,021 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2018-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2018-12-31 | $0 |
Investment advisory and management fees | 2018-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $1,552,406 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $1,766,900 |
Value of interest in pooled separate accounts at end of year | 2018-12-31 | $7,722,585 |
Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $9,008,697 |
Interest on participant loans | 2018-12-31 | $32,796 |
Income. Interest from loans (other than to participants) | 2018-12-31 | $0 |
Interest earned on other investments | 2018-12-31 | $0 |
Income. Interest from US Government securities | 2018-12-31 | $0 |
Income. Interest from corporate debt instruments | 2018-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2018-12-31 | $15,776,153 |
Value of interest in common/collective trusts at beginning of year | 2018-12-31 | $15,864,144 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2018-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-99,289 |
Net investment gain/loss from pooled separate accounts | 2018-12-31 | $-734,921 |
Net investment gain or loss from common/collective trusts | 2018-12-31 | $-1,072,043 |
Net gain/loss from 103.12 investment entities | 2018-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Assets. Invements in employer securities at end of year | 2018-12-31 | $2,611,794 |
Assets. Invements in employer securities at beginning of year | 2018-12-31 | $2,947,898 |
Contributions received in cash from employer | 2018-12-31 | $398,057 |
Employer contributions (assets) at end of year | 2018-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $0 |
Income. Dividends from preferred stock | 2018-12-31 | $0 |
Income. Dividends from common stock | 2018-12-31 | $41,808 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $1,773,808 |
Contract administrator fees | 2018-12-31 | $10,233 |
Liabilities. Value of benefit claims payable at beginning of year | 2018-12-31 | $0 |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Aggregate proceeds on sale of assets | 2018-12-31 | $332,434 |
Aggregate carrying amount (costs) on sale of assets | 2018-12-31 | $339,809 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2018-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Unqualified |
Accountancy firm name | 2018-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2018-12-31 | 042689883 |
2017 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2017 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2017-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2017-12-31 | $342,465 |
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $342,465 |
Total transfer of assets to this plan | 2017-12-31 | $11,922,638 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
Total income from all sources (including contributions) | 2017-12-31 | $6,758,280 |
Total loss/gain on sale of assets | 2017-12-31 | $56,095 |
Total of all expenses incurred | 2017-12-31 | $3,142,645 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $3,130,853 |
Expenses. Certain deemed distributions of participant loans | 2017-12-31 | $0 |
Value of total corrective distributions | 2017-12-31 | $116 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $2,826,945 |
Value of total assets at end of year | 2017-12-31 | $30,243,021 |
Value of total assets at beginning of year | 2017-12-31 | $14,704,748 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $11,676 |
Total income from rents | 2017-12-31 | $0 |
Total interest from all sources | 2017-12-31 | $32,693 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $40,890 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-12-31 | $7,015 |
Administrative expenses professional fees incurred | 2017-12-31 | $0 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2017-12-31 | $0 |
Contributions received from participants | 2017-12-31 | $1,128,690 |
Participant contributions at end of year | 2017-12-31 | $655,382 |
Participant contributions at beginning of year | 2017-12-31 | $453,542 |
Participant contributions at end of year | 2017-12-31 | $0 |
Participant contributions at beginning of year | 2017-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $1,328,380 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2017-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-12-31 | $0 |
Other income not declared elsewhere | 2017-12-31 | $0 |
Administrative expenses (other) incurred | 2017-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2017-12-31 | $0 |
Total non interest bearing cash at end of year | 2017-12-31 | $0 |
Total non interest bearing cash at beginning of year | 2017-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $3,615,635 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $30,243,021 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $14,704,748 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2017-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2017-12-31 | $0 |
Investment advisory and management fees | 2017-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-12-31 | $1,766,900 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $449,298 |
Value of interest in pooled separate accounts at end of year | 2017-12-31 | $9,008,697 |
Value of interest in pooled separate accounts at beginning of year | 2017-12-31 | $11,056,097 |
Interest on participant loans | 2017-12-31 | $32,693 |
Income. Interest from loans (other than to participants) | 2017-12-31 | $0 |
Interest earned on other investments | 2017-12-31 | $0 |
Income. Interest from US Government securities | 2017-12-31 | $0 |
Income. Interest from corporate debt instruments | 2017-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2017-12-31 | $15,864,144 |
Value of interest in common/collective trusts at beginning of year | 2017-12-31 | $1,677,584 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2017-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $177,348 |
Net investment gain/loss from pooled separate accounts | 2017-12-31 | $2,243,522 |
Net investment gain or loss from common/collective trusts | 2017-12-31 | $1,038,322 |
Net gain/loss from 103.12 investment entities | 2017-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Assets. Invements in employer securities at end of year | 2017-12-31 | $2,947,898 |
Assets. Invements in employer securities at beginning of year | 2017-12-31 | $1,068,227 |
Contributions received in cash from employer | 2017-12-31 | $369,875 |
Employer contributions (assets) at end of year | 2017-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $0 |
Income. Dividends from preferred stock | 2017-12-31 | $0 |
Income. Dividends from common stock | 2017-12-31 | $33,875 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $3,130,853 |
Contract administrator fees | 2017-12-31 | $11,676 |
Liabilities. Value of benefit claims payable at beginning of year | 2017-12-31 | $0 |
Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Aggregate proceeds on sale of assets | 2017-12-31 | $698,251 |
Aggregate carrying amount (costs) on sale of assets | 2017-12-31 | $642,156 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2017-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
Accountancy firm name | 2017-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2017-12-31 | 042689883 |
2016 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2016 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2016-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2016-12-31 | $111,076 |
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $111,076 |
Total transfer of assets to this plan | 2016-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $2,144,014 |
Total loss/gain on sale of assets | 2016-12-31 | $-6,541 |
Total of all expenses incurred | 2016-12-31 | $396,967 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $390,471 |
Expenses. Certain deemed distributions of participant loans | 2016-12-31 | $0 |
Value of total corrective distributions | 2016-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $1,202,994 |
Value of total assets at end of year | 2016-12-31 | $14,704,748 |
Value of total assets at beginning of year | 2016-12-31 | $12,957,701 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $6,496 |
Total income from rents | 2016-12-31 | $0 |
Total interest from all sources | 2016-12-31 | $18,980 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $23,183 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $9,848 |
Administrative expenses professional fees incurred | 2016-12-31 | $0 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $8,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2016-12-31 | $0 |
Contributions received from participants | 2016-12-31 | $734,581 |
Participant contributions at end of year | 2016-12-31 | $453,542 |
Participant contributions at beginning of year | 2016-12-31 | $421,447 |
Participant contributions at end of year | 2016-12-31 | $0 |
Participant contributions at beginning of year | 2016-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-12-31 | $233,813 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2016-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-12-31 | $0 |
Other income not declared elsewhere | 2016-12-31 | $0 |
Administrative expenses (other) incurred | 2016-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $1,747,047 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $14,704,748 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $12,957,701 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2016-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2016-12-31 | $0 |
Investment advisory and management fees | 2016-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $449,298 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $397,151 |
Value of interest in pooled separate accounts at end of year | 2016-12-31 | $11,056,097 |
Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $9,893,235 |
Interest on participant loans | 2016-12-31 | $18,980 |
Income. Interest from loans (other than to participants) | 2016-12-31 | $0 |
Interest earned on other investments | 2016-12-31 | $0 |
Income. Interest from US Government securities | 2016-12-31 | $0 |
Income. Interest from corporate debt instruments | 2016-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2016-12-31 | $1,677,584 |
Value of interest in common/collective trusts at beginning of year | 2016-12-31 | $1,296,344 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2016-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $-2,425 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $782,800 |
Net investment gain or loss from common/collective trusts | 2016-12-31 | $13,947 |
Net gain/loss from 103.12 investment entities | 2016-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Assets. Invements in employer securities at end of year | 2016-12-31 | $1,068,227 |
Assets. Invements in employer securities at beginning of year | 2016-12-31 | $949,524 |
Contributions received in cash from employer | 2016-12-31 | $234,600 |
Employer contributions (assets) at end of year | 2016-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $0 |
Income. Dividends from preferred stock | 2016-12-31 | $0 |
Income. Dividends from common stock | 2016-12-31 | $13,335 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $390,471 |
Contract administrator fees | 2016-12-31 | $6,496 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2016-12-31 | Yes |
Liabilities. Value of benefit claims payable at beginning of year | 2016-12-31 | $0 |
Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Aggregate proceeds on sale of assets | 2016-12-31 | $93,047 |
Aggregate carrying amount (costs) on sale of assets | 2016-12-31 | $99,588 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2016-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2016-12-31 | 042689883 |
2015 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2015 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2015-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2015-12-31 | $118,395 |
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $118,395 |
Total transfer of assets to this plan | 2015-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $0 |
Total income from all sources (including contributions) | 2015-12-31 | $1,055,066 |
Total loss/gain on sale of assets | 2015-12-31 | $-6,274 |
Total of all expenses incurred | 2015-12-31 | $1,676,088 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $1,669,915 |
Expenses. Certain deemed distributions of participant loans | 2015-12-31 | $0 |
Value of total corrective distributions | 2015-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,005,596 |
Value of total assets at end of year | 2015-12-31 | $12,957,701 |
Value of total assets at beginning of year | 2015-12-31 | $13,578,723 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $6,173 |
Total income from rents | 2015-12-31 | $0 |
Total interest from all sources | 2015-12-31 | $17,463 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $23,993 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $7,634 |
Administrative expenses professional fees incurred | 2015-12-31 | $0 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2015-12-31 | $0 |
Contributions received from participants | 2015-12-31 | $715,696 |
Participant contributions at end of year | 2015-12-31 | $421,447 |
Participant contributions at beginning of year | 2015-12-31 | $444,317 |
Participant contributions at end of year | 2015-12-31 | $0 |
Participant contributions at beginning of year | 2015-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $65,717 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2015-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2015-12-31 | $0 |
Other income not declared elsewhere | 2015-12-31 | $0 |
Administrative expenses (other) incurred | 2015-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2015-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-621,022 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $12,957,701 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $13,578,723 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2015-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2015-12-31 | $0 |
Investment advisory and management fees | 2015-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $397,151 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $285,850 |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $9,893,235 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $10,305,176 |
Interest on participant loans | 2015-12-31 | $17,463 |
Income. Interest from loans (other than to participants) | 2015-12-31 | $0 |
Interest earned on other investments | 2015-12-31 | $0 |
Income. Interest from US Government securities | 2015-12-31 | $0 |
Income. Interest from corporate debt instruments | 2015-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2015-12-31 | $1,296,344 |
Value of interest in common/collective trusts at beginning of year | 2015-12-31 | $1,299,715 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2015-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-8,122 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-98,217 |
Net investment gain or loss from common/collective trusts | 2015-12-31 | $2,232 |
Net gain/loss from 103.12 investment entities | 2015-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Assets. Invements in employer securities at end of year | 2015-12-31 | $949,524 |
Assets. Invements in employer securities at beginning of year | 2015-12-31 | $1,243,665 |
Contributions received in cash from employer | 2015-12-31 | $224,183 |
Employer contributions (assets) at end of year | 2015-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $0 |
Income. Dividends from preferred stock | 2015-12-31 | $0 |
Income. Dividends from common stock | 2015-12-31 | $16,359 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $1,669,915 |
Contract administrator fees | 2015-12-31 | $6,173 |
Liabilities. Value of benefit claims payable at beginning of year | 2015-12-31 | $0 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Aggregate proceeds on sale of assets | 2015-12-31 | $457,106 |
Aggregate carrying amount (costs) on sale of assets | 2015-12-31 | $463,380 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2015-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
Accountancy firm name | 2015-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2015-12-31 | 042689883 |
2014 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2014 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2014-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-31 | $-18,255 |
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $-18,255 |
Total transfer of assets to this plan | 2014-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $0 |
Total income from all sources (including contributions) | 2014-12-31 | $1,713,905 |
Total loss/gain on sale of assets | 2014-12-31 | $-2,418 |
Total of all expenses incurred | 2014-12-31 | $1,035,714 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $1,028,825 |
Expenses. Certain deemed distributions of participant loans | 2014-12-31 | $0 |
Value of total corrective distributions | 2014-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $1,064,929 |
Value of total assets at end of year | 2014-12-31 | $13,578,723 |
Value of total assets at beginning of year | 2014-12-31 | $12,900,532 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $6,889 |
Total income from rents | 2014-12-31 | $0 |
Total interest from all sources | 2014-12-31 | $18,067 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $38,777 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $3,719 |
Administrative expenses professional fees incurred | 2014-12-31 | $0 |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2014-12-31 | $0 |
Contributions received from participants | 2014-12-31 | $784,594 |
Participant contributions at end of year | 2014-12-31 | $444,317 |
Participant contributions at beginning of year | 2014-12-31 | $451,496 |
Participant contributions at end of year | 2014-12-31 | $0 |
Participant contributions at beginning of year | 2014-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $44,605 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2014-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2014-12-31 | $0 |
Other income not declared elsewhere | 2014-12-31 | $0 |
Administrative expenses (other) incurred | 2014-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2014-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $678,191 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $13,578,723 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $12,900,532 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2014-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2014-12-31 | $0 |
Investment advisory and management fees | 2014-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $285,850 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $239,029 |
Value of interest in pooled separate accounts at end of year | 2014-12-31 | $10,305,176 |
Value of interest in pooled separate accounts at beginning of year | 2014-12-31 | $9,307,715 |
Interest on participant loans | 2014-12-31 | $18,067 |
Income. Interest from loans (other than to participants) | 2014-12-31 | $0 |
Interest earned on other investments | 2014-12-31 | $0 |
Income. Interest from US Government securities | 2014-12-31 | $0 |
Income. Interest from corporate debt instruments | 2014-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2014-12-31 | $1,299,715 |
Value of interest in common/collective trusts at beginning of year | 2014-12-31 | $1,644,045 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2014-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $6,905 |
Net investment gain/loss from pooled separate accounts | 2014-12-31 | $591,961 |
Net investment gain or loss from common/collective trusts | 2014-12-31 | $13,939 |
Net gain/loss from 103.12 investment entities | 2014-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Assets. Invements in employer securities at end of year | 2014-12-31 | $1,243,665 |
Assets. Invements in employer securities at beginning of year | 2014-12-31 | $1,258,247 |
Contributions received in cash from employer | 2014-12-31 | $235,730 |
Employer contributions (assets) at end of year | 2014-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2014-12-31 | $0 |
Income. Dividends from preferred stock | 2014-12-31 | $0 |
Income. Dividends from common stock | 2014-12-31 | $35,058 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $1,028,825 |
Contract administrator fees | 2014-12-31 | $6,889 |
Liabilities. Value of benefit claims payable at beginning of year | 2014-12-31 | $0 |
Did the plan have assets held for investment | 2014-12-31 | 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 | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Aggregate proceeds on sale of assets | 2014-12-31 | $87,501 |
Aggregate carrying amount (costs) on sale of assets | 2014-12-31 | $89,919 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2014-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
Accountancy firm name | 2014-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2014-12-31 | 042689883 |
2013 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2013 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2013-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $44,382 |
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $44,382 |
Total transfer of assets to this plan | 2013-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
Total income from all sources (including contributions) | 2013-12-31 | $3,017,549 |
Total loss/gain on sale of assets | 2013-12-31 | $13,071 |
Total of all expenses incurred | 2013-12-31 | $1,077,014 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $1,070,448 |
Expenses. Certain deemed distributions of participant loans | 2013-12-31 | $0 |
Value of total corrective distributions | 2013-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $1,141,923 |
Value of total assets at end of year | 2013-12-31 | $12,900,532 |
Value of total assets at beginning of year | 2013-12-31 | $10,959,997 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $6,566 |
Total income from rents | 2013-12-31 | $0 |
Total interest from all sources | 2013-12-31 | $18,684 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $57,287 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $4,730 |
Administrative expenses professional fees incurred | 2013-12-31 | $0 |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $4,000,000 |
If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2013-12-31 | $0 |
Contributions received from participants | 2013-12-31 | $776,921 |
Participant contributions at end of year | 2013-12-31 | $451,496 |
Participant contributions at beginning of year | 2013-12-31 | $444,789 |
Participant contributions at end of year | 2013-12-31 | $0 |
Participant contributions at beginning of year | 2013-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $134,039 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2013-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2013-12-31 | $0 |
Other income not declared elsewhere | 2013-12-31 | $73 |
Administrative expenses (other) incurred | 2013-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2013-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $1,940,535 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $12,900,532 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $10,959,997 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2013-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2013-12-31 | $0 |
Investment advisory and management fees | 2013-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $239,029 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $348,355 |
Value of interest in pooled separate accounts at end of year | 2013-12-31 | $9,307,715 |
Value of interest in pooled separate accounts at beginning of year | 2013-12-31 | $7,011,759 |
Interest on participant loans | 2013-12-31 | $18,684 |
Income. Interest from loans (other than to participants) | 2013-12-31 | $0 |
Interest earned on other investments | 2013-12-31 | $0 |
Income. Interest from US Government securities | 2013-12-31 | $0 |
Income. Interest from corporate debt instruments | 2013-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2013-12-31 | $1,644,045 |
Value of interest in common/collective trusts at beginning of year | 2013-12-31 | $1,715,463 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2013-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $-16,024 |
Net investment gain/loss from pooled separate accounts | 2013-12-31 | $1,773,989 |
Net investment gain or loss from common/collective trusts | 2013-12-31 | $-15,836 |
Net gain/loss from 103.12 investment entities | 2013-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Assets. Invements in employer securities at end of year | 2013-12-31 | $1,258,247 |
Assets. Invements in employer securities at beginning of year | 2013-12-31 | $1,439,631 |
Contributions received in cash from employer | 2013-12-31 | $230,963 |
Employer contributions (assets) at end of year | 2013-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2013-12-31 | $0 |
Income. Dividends from preferred stock | 2013-12-31 | $0 |
Income. Dividends from common stock | 2013-12-31 | $52,557 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $1,070,448 |
Contract administrator fees | 2013-12-31 | $6,566 |
Liabilities. Value of benefit claims payable at beginning of year | 2013-12-31 | $0 |
Did the plan have assets held for investment | 2013-12-31 | 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 | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Aggregate proceeds on sale of assets | 2013-12-31 | $601,237 |
Aggregate carrying amount (costs) on sale of assets | 2013-12-31 | $588,166 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2013-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
Accountancy firm name | 2013-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2013-12-31 | 042689883 |
2012 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2012 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2012-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $-19,696 |
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $-19,696 |
Total transfer of assets to this plan | 2012-12-31 | $0 |
Total transfer of assets from this plan | 2012-12-31 | $0 |
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 | $2,119,158 |
Total loss/gain on sale of assets | 2012-12-31 | $-2,385 |
Total of all expenses incurred | 2012-12-31 | $361,287 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $356,343 |
Expenses. Certain deemed distributions of participant loans | 2012-12-31 | $0 |
Value of total corrective distributions | 2012-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $1,126,507 |
Value of total assets at end of year | 2012-12-31 | $10,959,997 |
Value of total assets at beginning of year | 2012-12-31 | $9,202,126 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $4,944 |
Total income from rents | 2012-12-31 | $0 |
Total interest from all sources | 2012-12-31 | $14,702 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $91,609 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $5,748 |
Administrative expenses professional fees incurred | 2012-12-31 | $0 |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $7,000,000 |
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 |
Amount of non-exempt transactions with any party-in-interest | 2012-12-31 | $0 |
Contributions received from participants | 2012-12-31 | $731,485 |
Participant contributions at end of year | 2012-12-31 | $444,789 |
Participant contributions at beginning of year | 2012-12-31 | $328,541 |
Participant contributions at end of year | 2012-12-31 | $0 |
Participant contributions at beginning of year | 2012-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2012-12-31 | $180,619 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2012-12-31 | $133 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-12-31 | $0 |
Other income not declared elsewhere | 2012-12-31 | $0 |
Administrative expenses (other) incurred | 2012-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2012-12-31 | $0 |
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 | $1,757,871 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $10,959,997 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $9,202,126 |
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 |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2012-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2012-12-31 | $0 |
Investment advisory and management fees | 2012-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $348,355 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $267,960 |
Value of interest in pooled separate accounts at end of year | 2012-12-31 | $7,011,759 |
Value of interest in pooled separate accounts at beginning of year | 2012-12-31 | $5,640,373 |
Interest on participant loans | 2012-12-31 | $14,702 |
Income. Interest from loans (other than to participants) | 2012-12-31 | $0 |
Interest earned on other investments | 2012-12-31 | $0 |
Income. Interest from US Government securities | 2012-12-31 | $0 |
Income. Interest from corporate debt instruments | 2012-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2012-12-31 | $1,715,463 |
Value of interest in common/collective trusts at beginning of year | 2012-12-31 | $1,635,816 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2012-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $17,982 |
Net investment gain/loss from pooled separate accounts | 2012-12-31 | $867,075 |
Net investment gain or loss from common/collective trusts | 2012-12-31 | $23,364 |
Net gain/loss from 103.12 investment entities | 2012-12-31 | $0 |
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 | $1,439,631 |
Assets. Invements in employer securities at beginning of year | 2012-12-31 | $1,329,436 |
Contributions received in cash from employer | 2012-12-31 | $214,403 |
Employer contributions (assets) at end of year | 2012-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2012-12-31 | $0 |
Income. Dividends from preferred stock | 2012-12-31 | $0 |
Income. Dividends from common stock | 2012-12-31 | $85,861 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $356,210 |
Contract administrator fees | 2012-12-31 | $4,944 |
Liabilities. Value of benefit claims payable at beginning of year | 2012-12-31 | $0 |
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 | $160,848 |
Aggregate carrying amount (costs) on sale of assets | 2012-12-31 | $163,233 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2012-12-31 | $0 |
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 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2012-12-31 | 042689883 |
2011 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2011 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2011-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $-308,582 |
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $-308,582 |
Total transfer of assets to this plan | 2011-12-31 | $0 |
Total transfer of assets from this plan | 2011-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $0 |
Total income from all sources (including contributions) | 2011-12-31 | $578,645 |
Total loss/gain on sale of assets | 2011-12-31 | $-36,374 |
Total of all expenses incurred | 2011-12-31 | $211,422 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $206,937 |
Expenses. Certain deemed distributions of participant loans | 2011-12-31 | $0 |
Value of total corrective distributions | 2011-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $921,613 |
Value of total assets at end of year | 2011-12-31 | $9,202,126 |
Value of total assets at beginning of year | 2011-12-31 | $8,834,903 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $4,485 |
Total income from rents | 2011-12-31 | $0 |
Total interest from all sources | 2011-12-31 | $13,058 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $103,117 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $5,159 |
Administrative expenses professional fees incurred | 2011-12-31 | $0 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2011-12-31 | $0 |
Contributions received from participants | 2011-12-31 | $707,202 |
Participant contributions at end of year | 2011-12-31 | $328,541 |
Participant contributions at beginning of year | 2011-12-31 | $258,801 |
Participant contributions at end of year | 2011-12-31 | $0 |
Participant contributions at beginning of year | 2011-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2011-12-31 | $10,518 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2011-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-12-31 | $0 |
Other income not declared elsewhere | 2011-12-31 | $0 |
Administrative expenses (other) incurred | 2011-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2011-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
Value of net income/loss | 2011-12-31 | $367,223 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $9,202,126 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $8,834,903 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2011-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2011-12-31 | $0 |
Investment advisory and management fees | 2011-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $267,960 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $210,035 |
Value of interest in pooled separate accounts at end of year | 2011-12-31 | $5,640,373 |
Value of interest in pooled separate accounts at beginning of year | 2011-12-31 | $5,315,027 |
Interest on participant loans | 2011-12-31 | $13,058 |
Income. Interest from loans (other than to participants) | 2011-12-31 | $0 |
Interest earned on other investments | 2011-12-31 | $0 |
Income. Interest from US Government securities | 2011-12-31 | $0 |
Income. Interest from corporate debt instruments | 2011-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2011-12-31 | $1,635,816 |
Value of interest in common/collective trusts at beginning of year | 2011-12-31 | $1,285,329 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2011-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $1,516 |
Net investment gain/loss from pooled separate accounts | 2011-12-31 | $-151,607 |
Net investment gain or loss from common/collective trusts | 2011-12-31 | $35,904 |
Net gain/loss from 103.12 investment entities | 2011-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
Assets. Invements in employer securities at end of year | 2011-12-31 | $1,329,436 |
Assets. Invements in employer securities at beginning of year | 2011-12-31 | $1,765,680 |
Contributions received in cash from employer | 2011-12-31 | $203,893 |
Employer contributions (assets) at end of year | 2011-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2011-12-31 | $31 |
Income. Dividends from preferred stock | 2011-12-31 | $0 |
Income. Dividends from common stock | 2011-12-31 | $97,958 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $206,937 |
Contract administrator fees | 2011-12-31 | $4,485 |
Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $0 |
Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
Aggregate proceeds on sale of assets | 2011-12-31 | $295,426 |
Aggregate carrying amount (costs) on sale of assets | 2011-12-31 | $331,800 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2011-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
Accountancy firm name | 2011-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2011-12-31 | 042689883 |
2010 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2010 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2010-12-31 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $194,302 |
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $194,302 |
Total transfer of assets to this plan | 2010-12-31 | $0 |
Total transfer of assets from this plan | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $1,924,430 |
Total loss/gain on sale of assets | 2010-12-31 | $806 |
Total of all expenses incurred | 2010-12-31 | $743,646 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $739,788 |
Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $0 |
Value of total corrective distributions | 2010-12-31 | $136 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $838,884 |
Value of total assets at end of year | 2010-12-31 | $8,834,903 |
Value of total assets at beginning of year | 2010-12-31 | $7,654,119 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $3,722 |
Total income from rents | 2010-12-31 | $0 |
Total interest from all sources | 2010-12-31 | $13,320 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $111,735 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $3,503 |
Administrative expenses professional fees incurred | 2010-12-31 | $0 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $7,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Amount of non-exempt transactions with any party-in-interest | 2010-12-31 | $0 |
Contributions received from participants | 2010-12-31 | $654,802 |
Participant contributions at end of year | 2010-12-31 | $258,801 |
Participant contributions at beginning of year | 2010-12-31 | $240,253 |
Participant contributions at end of year | 2010-12-31 | $0 |
Participant contributions at beginning of year | 2010-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2010-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2010-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2010-12-31 | $0 |
Other income not declared elsewhere | 2010-12-31 | $0 |
Administrative expenses (other) incurred | 2010-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2010-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $1,180,784 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $8,834,903 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $7,654,119 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2010-12-31 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2010-12-31 | $0 |
Investment advisory and management fees | 2010-12-31 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $210,035 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $117,042 |
Value of interest in pooled separate accounts at end of year | 2010-12-31 | $5,315,027 |
Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $4,351,012 |
Interest on participant loans | 2010-12-31 | $13,320 |
Income. Interest from loans (other than to participants) | 2010-12-31 | $0 |
Interest earned on other investments | 2010-12-31 | $0 |
Income. Interest from US Government securities | 2010-12-31 | $0 |
Income. Interest from corporate debt instruments | 2010-12-31 | $0 |
Value of interest in common/collective trusts at end of year | 2010-12-31 | $1,285,329 |
Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $1,060,267 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2010-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $7,697 |
Net investment gain/loss from pooled separate accounts | 2010-12-31 | $713,728 |
Net investment gain or loss from common/collective trusts | 2010-12-31 | $43,958 |
Net gain/loss from 103.12 investment entities | 2010-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Assets. Invements in employer securities at end of year | 2010-12-31 | $1,765,680 |
Assets. Invements in employer securities at beginning of year | 2010-12-31 | $1,885,545 |
Contributions received in cash from employer | 2010-12-31 | $184,082 |
Employer contributions (assets) at end of year | 2010-12-31 | $31 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $0 |
Income. Dividends from preferred stock | 2010-12-31 | $0 |
Income. Dividends from common stock | 2010-12-31 | $108,232 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $739,788 |
Contract administrator fees | 2010-12-31 | $3,722 |
Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $0 |
Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Aggregate proceeds on sale of assets | 2010-12-31 | $523,111 |
Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $522,305 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2010-12-31 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
Accountancy firm name | 2010-12-31 | WOLF & COMPANY, P.C. |
Accountancy firm EIN | 2010-12-31 | 042689883 |
2009 : 401(K) PLAN AS ADOPTED BY WESTFIELD BANK 2009 401k financial data |
---|
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |