401k Plan data: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC plan

EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 401k Plan overview

Plan Name	EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC
Plan identification number	006

EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Stock bonus Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP. Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: BERKSHIRE BANK

Employer identification number (EIN): 043312097

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about BERKSHIRE BANK

Jurisdiction of Incorporation: Vermont Secretary of State Corporations Division

Incorporation Date: 2007-10-31

Company Identification Number: 84332

Legal Registered Office Address: 17 G W Tatro Dr

Jeffersonville
United States of America (USA)
05464

More information about BERKSHIRE BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
006 2013-01-01 LINDA HANKEY
006 2012-01-01 LINDA HANKEY
006 2011-01-01 LINDA HANKEY

Plan id#	Filing Submission Date	Name of Administrator
006	2013-01-01	LINDA HANKEY
006	2012-01-01	LINDA HANKEY
006	2011-01-01	LINDA HANKEY

Plan Statistics for EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC

401k plan membership statisitcs for EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC

Measure Date Value
2013: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2013 401k membership
Total participants, beginning-of-year 2013-01-01 131
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2012 401k membership
Total participants, beginning-of-year 2012-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
Number of retired or separated participants receiving benefits 2012-01-01 4
Number of other retired or separated participants entitled to future benefits 2012-01-01 127
Total of all active and inactive participants 2012-01-01 131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 131
Number of participants with account balances 2012-01-01 131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2011 401k membership
Total participants, beginning-of-year 2011-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 38
Number of retired or separated participants receiving benefits 2011-01-01 6
Number of other retired or separated participants entitled to future benefits 2011-01-01 84
Total of all active and inactive participants 2011-01-01 128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 128
Number of participants with account balances 2011-01-01 128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0

Measure	Date	Value
2013: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2013 401k membership
Total participants, beginning-of-year	2013-01-01	131
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2012 401k membership
Total participants, beginning-of-year	2012-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
Number of retired or separated participants receiving benefits	2012-01-01	4
Number of other retired or separated participants entitled to future benefits	2012-01-01	127
Total of all active and inactive participants	2012-01-01	131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	131
Number of participants with account balances	2012-01-01	131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2011 401k membership
Total participants, beginning-of-year	2011-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	38
Number of retired or separated participants receiving benefits	2011-01-01	6
Number of other retired or separated participants entitled to future benefits	2011-01-01	84
Total of all active and inactive participants	2011-01-01	128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	128
Number of participants with account balances	2011-01-01	128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0

Financial Data on EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC

Measure	Date	Value
2013 : EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-11-30	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-11-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-11-30	$0
Total income from all sources (including contributions)	2013-11-30	$3,363,617
Total loss/gain on sale of assets	2013-11-30	$305,043
Total of all expenses incurred	2013-11-30	$10,011,969
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-11-30	$10,011,969
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-11-30	$0
Value of total assets at end of year	2013-11-30	$0
Value of total assets at beginning of year	2013-11-30	$6,648,352
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-11-30	$0
Total interest from all sources	2013-11-30	$165
Total dividends received (eg from common stock, registered investment company shares)	2013-11-30	$52,140
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-11-30	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-11-30	$0
Was this plan covered by a fidelity bond	2013-11-30	Yes
Value of fidelity bond cover	2013-11-30	$15,000,000
If this is an individual account plan, was there a blackout period	2013-11-30	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-11-30	$0
Were there any nonexempt tranactions with any party-in-interest	2013-11-30	No
Other income not declared elsewhere	2013-11-30	$3,006,269
Total non interest bearing cash at end of year	2013-11-30	$0
Total non interest bearing cash at beginning of year	2013-11-30	$116
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-11-30	No
Value of net income/loss	2013-11-30	$-6,648,352
Value of net assets at end of year (total assets less liabilities)	2013-11-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-11-30	$6,648,352
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-11-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-11-30	No
Were any leases to which the plan was party in default or uncollectible	2013-11-30	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-11-30	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-11-30	$3,292,303
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-11-30	$3,292,303
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-11-30	$165
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-11-30	No
Was there a failure to transmit to the plan any participant contributions	2013-11-30	No
Has the plan failed to provide any benefit when due under the plan	2013-11-30	No
Assets. Invements in employer securities at end of year	2013-11-30	$0
Assets. Invements in employer securities at beginning of year	2013-11-30	$3,355,933
Income. Dividends from common stock	2013-11-30	$52,140
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-11-30	$10,011,969
Did the plan have assets held for investment	2013-11-30	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-11-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-11-30	Yes
Aggregate proceeds on sale of assets	2013-11-30	$2,413,503
Aggregate carrying amount (costs) on sale of assets	2013-11-30	$2,108,460
Liabilities. Value of acquisition indebtedness at end of year	2013-11-30	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2013-11-30	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-11-30	Yes
Opinion of an independent qualified public accountant for this plan	2013-11-30	Disclaimer
Accountancy firm name	2013-11-30	D'ARCANGELO & CO., LLP
Accountancy firm EIN	2013-11-30	132550103
2012 : EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$234,048
Total unrealized appreciation/depreciation of assets	2012-12-31	$234,048
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	$333,303
Total loss/gain on sale of assets	2012-12-31	$1,772
Total of all expenses incurred	2012-12-31	$41,748
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$41,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$0
Value of total assets at end of year	2012-12-31	$6,648,352
Value of total assets at beginning of year	2012-12-31	$6,356,797
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$0
Total interest from all sources	2012-12-31	$434
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$97,049
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2012-12-31	$0
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$16,000,000
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
Total non interest bearing cash at end of year	2012-12-31	$116
Total non interest bearing cash at beginning of year	2012-12-31	$104
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	$291,555
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$6,648,352
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$6,356,797
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$3,292,303
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$3,235,647
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$3,235,647
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$434
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	$3,355,933
Assets. Invements in employer securities at beginning of year	2012-12-31	$3,121,046
Income. Dividends from common stock	2012-12-31	$97,049
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$41,748
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	$438,715
Aggregate carrying amount (costs) on sale of assets	2012-12-31	$436,943
Liabilities. Value of acquisition indebtedness at end of year	2012-12-31	$0
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	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	D'ARCANGELO & CO., LLP
Accountancy firm EIN	2012-12-31	132550103
2011 : EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$1,995,364
Total unrealized appreciation/depreciation of assets	2011-12-31	$1,995,364
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	$1,861,903
Total income from all sources (including contributions)	2011-12-31	$1,859,663
Total loss/gain on sale of assets	2011-12-31	$-266,539
Total of all expenses incurred	2011-12-31	$1,933,306
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$1,933,306
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$0
Value of total assets at end of year	2011-12-31	$6,356,797
Value of total assets at beginning of year	2011-12-31	$8,292,343
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$0
Total interest from all sources	2011-12-31	$264
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$129,328
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2011-12-31	$0
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$4,000,000
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
Other income not declared elsewhere	2011-12-31	$1,246
Total non interest bearing cash at end of year	2011-12-31	$104
Total non interest bearing cash at beginning of year	2011-12-31	$7
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	$-73,643
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$6,356,797
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$6,430,440
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
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$3,235,647
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$227,300
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$227,300
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$264
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	Yes
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	$3,121,046
Assets. Invements in employer securities at beginning of year	2011-12-31	$8,065,036
Income. Dividends from common stock	2011-12-31	$129,328
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$1,933,306
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	$4,921,445
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$5,187,984
Liabilities. Value of acquisition indebtedness at end of year	2011-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2011-12-31	$1,861,903
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	D'ARCANGELO & CO., LLP
Accountancy firm EIN	2011-12-31	132550103

Form 5500 Responses for EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC

2013: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: EMPLOYEE STOCK OWNERSHIP PLAN OF ROME BANCORP, INC 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BERKSHIRE BANK
Employer identification number (EIN):	043312097
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Vermont Secretary of State Corporations Division
Incorporation Date:	2007-10-31
Company Identification Number:	84332
Legal Registered Office Address:	17 G W Tatro Dr Jeffersonville United States of America (USA) 05464