401k Plan data: SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK plan

SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 401k Plan overview

Plan Name	SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK
Plan identification number	010

SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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 SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
010 2015-01-01 THOMAS FORESE JR
010 2014-01-01 THOMAS FORESE JR

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
010	2015-01-01	THOMAS FORESE JR
010	2014-01-01	THOMAS FORESE JR

Plan Statistics for SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK

401k plan membership statisitcs for SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK

Measure Date Value
2015: SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2015 401k membership
Total participants, beginning-of-year 2015-01-01 147
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 0
Total of all active and inactive participants 2015-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 0
Number of participants with account balances 2015-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2014 401k membership
Total participants, beginning-of-year 2014-01-01 158
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 106
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 45
Total of all active and inactive participants 2014-01-01 151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 151
Number of participants with account balances 2014-01-01 147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0

Measure	Date	Value
2015: SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2015 401k membership
Total participants, beginning-of-year	2015-01-01	147
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	0
Total of all active and inactive participants	2015-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	0
Number of participants with account balances	2015-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2014 401k membership
Total participants, beginning-of-year	2014-01-01	158
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	106
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	45
Total of all active and inactive participants	2014-01-01	151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	151
Number of participants with account balances	2014-01-01	147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0

Financial Data on SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK

Measure	Date	Value
2015 : SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-08-06	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-08-06	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-08-06	$0
Total income from all sources (including contributions)	2015-08-06	$894,209
Total loss/gain on sale of assets	2015-08-06	$0
Total of all expenses incurred	2015-08-06	$10,958,970
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-08-06	$10,788,108
Expenses. Certain deemed distributions of participant loans	2015-08-06	$170,862
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-08-06	$497,771
Value of total assets at end of year	2015-08-06	$0
Value of total assets at beginning of year	2015-08-06	$10,064,761
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-08-06	$0
Total interest from all sources	2015-08-06	$3,741
Total dividends received (eg from common stock, registered investment company shares)	2015-08-06	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-08-06	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2015-08-06	$0
Was this plan covered by a fidelity bond	2015-08-06	Yes
Value of fidelity bond cover	2015-08-06	$1,000,000
If this is an individual account plan, was there a blackout period	2015-08-06	No
Were there any nonexempt tranactions with any party-in-interest	2015-08-06	No
Contributions received from participants	2015-08-06	$217,460
Participant contributions at beginning of year	2015-08-06	$290,209
Income. Received or receivable in cash from other sources (including rollovers)	2015-08-06	$721
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-08-06	No
Value of net income/loss	2015-08-06	$-10,064,761
Value of net assets at end of year (total assets less liabilities)	2015-08-06	$0
Value of net assets at beginning of year (total assets less liabilities)	2015-08-06	$10,064,761
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-08-06	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-08-06	No
Were any leases to which the plan was party in default or uncollectible	2015-08-06	No
Interest on participant loans	2015-08-06	$3,741
Value of interest in common/collective trusts at beginning of year	2015-08-06	$9,774,552
Net investment gain or loss from common/collective trusts	2015-08-06	$392,697
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-08-06	No
Was there a failure to transmit to the plan any participant contributions	2015-08-06	No
Has the plan failed to provide any benefit when due under the plan	2015-08-06	No
Contributions received in cash from employer	2015-08-06	$279,590
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-08-06	$10,788,108
Did the plan have assets held for investment	2015-08-06	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	2015-08-06	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-08-06	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-08-06	No
Opinion of an independent qualified public accountant for this plan	2015-08-06	Unqualified
Accountancy firm name	2015-08-06	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2015-08-06	203985546
2014 : SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2014 401k financial data
Total unrealized appreciation/depreciation of assets	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	$1,385,382
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$1,369,825
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$1,367,925
Expenses. Certain deemed distributions of participant loans	2014-12-31	$1,900
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$645,451
Value of total assets at end of year	2014-12-31	$10,064,761
Value of total assets at beginning of year	2014-12-31	$10,049,204
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$0
Total interest from all sources	2014-12-31	$12,492
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$386,949
Participant contributions at end of year	2014-12-31	$290,209
Participant contributions at beginning of year	2014-12-31	$279,744
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$15,198
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	$15,557
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$10,064,761
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$10,049,204
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
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Interest on participant loans	2014-12-31	$12,492
Value of interest in common/collective trusts at end of year	2014-12-31	$9,774,552
Value of interest in common/collective trusts at beginning of year	2014-12-31	$9,769,460
Net investment gain or loss from common/collective trusts	2014-12-31	$727,439
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
Contributions received in cash from employer	2014-12-31	$243,304
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$1,367,925
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
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	JOHNSON OCONNOR FERON & CARUCCI, LL
Accountancy firm EIN	2014-12-31	203985546

Form 5500 Responses for SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK

2015: SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	Yes
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SBERA 401(K) PLAN AS ADOPTED BY HAMPDEN BANK 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	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