401k Plan data: METLIFE BANK 401(K) PLAN plan

METLIFE BANK 401(K) PLAN 401k Plan overview

Plan Name	METLIFE BANK 401(K) PLAN
Plan identification number	001

METLIFE BANK 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

METLIFE BANK, NATIONAL ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name: METLIFE BANK, NATIONAL ASSOCIATION

Employer identification number (EIN): 223627804

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan METLIFE BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-01-01 MARK J. DAVIS
001 2012-01-01 MARK J. DAVIS
001 2011-01-01 MARK J. DAVIS

Plan id#	Filing Submission Date	Name of Administrator
001	2013-01-01	MARK J. DAVIS
001	2012-01-01	MARK J. DAVIS
001	2011-01-01	MARK J. DAVIS

Plan Statistics for METLIFE BANK 401(K) PLAN

401k plan membership statisitcs for METLIFE BANK 401(K) PLAN

Measure Date Value
2013: METLIFE BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 2,116
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: METLIFE BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 6,873
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 973
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 1,139
Total of all active and inactive participants 2012-01-01 2,112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 4
Total participants 2012-01-01 2,116
Number of participants with account balances 2012-01-01 1,908
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 4,753
2011: METLIFE BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 4,641
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 5,610
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 1,259
Total of all active and inactive participants 2011-01-01 6,869
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 4
Total participants 2011-01-01 6,873
Number of participants with account balances 2011-01-01 6,292
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 745

Measure	Date	Value
2013: METLIFE BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	2,116
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: METLIFE BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	6,873
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	973
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	1,139
Total of all active and inactive participants	2012-01-01	2,112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	4
Total participants	2012-01-01	2,116
Number of participants with account balances	2012-01-01	1,908
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	4,753
2011: METLIFE BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	4,641
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	5,610
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	1,259
Total of all active and inactive participants	2011-01-01	6,869
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	4
Total participants	2011-01-01	6,873
Number of participants with account balances	2011-01-01	6,292
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	745

Financial Data on METLIFE BANK 401(K) PLAN

Measure	Date	Value
2013 : METLIFE BANK 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-07-16	$-202,175
Total unrealized appreciation/depreciation of assets	2013-07-16	$-202,175
Total transfer of assets to this plan	2013-07-16	$32,237
Total transfer of assets from this plan	2013-07-16	$32,811,765
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-07-16	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-07-16	$343,021
Total income from all sources (including contributions)	2013-07-16	$5,100,188
Total loss/gain on sale of assets	2013-07-16	$0
Total of all expenses incurred	2013-07-16	$8,951,866
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-07-16	$8,951,866
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-07-16	$2,239,475
Value of total assets at end of year	2013-07-16	$0
Value of total assets at beginning of year	2013-07-16	$36,974,227
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-07-16	$0
Total interest from all sources	2013-07-16	$288,724
Total dividends received (eg from common stock, registered investment company shares)	2013-07-16	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-07-16	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-07-16	$0
Was this plan covered by a fidelity bond	2013-07-16	Yes
Value of fidelity bond cover	2013-07-16	$30,000,000
If this is an individual account plan, was there a blackout period	2013-07-16	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-07-16	$0
Were there any nonexempt tranactions with any party-in-interest	2013-07-16	No
Contributions received from participants	2013-07-16	$1,784,284
Participant contributions at end of year	2013-07-16	$0
Participant contributions at beginning of year	2013-07-16	$2,489,000
Participant contributions at end of year	2013-07-16	$0
Participant contributions at beginning of year	2013-07-16	$850
Assets. Other investments not covered elsewhere at end of year	2013-07-16	$0
Assets. Other investments not covered elsewhere at beginning of year	2013-07-16	$373,528
Income. Received or receivable in cash from other sources (including rollovers)	2013-07-16	$1,398
Other income not declared elsewhere	2013-07-16	$2,774,164
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-07-16	No
Value of net income/loss	2013-07-16	$-3,851,678
Value of net assets at end of year (total assets less liabilities)	2013-07-16	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-07-16	$36,631,206
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-07-16	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-07-16	No
Were any leases to which the plan was party in default or uncollectible	2013-07-16	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-07-16	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-07-16	$28,608,798
Interest on participant loans	2013-07-16	$15,532
Interest earned on other investments	2013-07-16	$273,192
Value of interest in common/collective trusts at end of year	2013-07-16	$0
Value of interest in common/collective trusts at beginning of year	2013-07-16	$5,501,560
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-07-16	No
Was there a failure to transmit to the plan any participant contributions	2013-07-16	No
Has the plan failed to provide any benefit when due under the plan	2013-07-16	No
Contributions received in cash from employer	2013-07-16	$453,793
Employer contributions (assets) at end of year	2013-07-16	$0
Employer contributions (assets) at beginning of year	2013-07-16	$491
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-07-16	$8,951,866
Liabilities. Value of benefit claims payable at end of year	2013-07-16	$0
Liabilities. Value of benefit claims payable at beginning of year	2013-07-16	$343,021
Did the plan have assets held for investment	2013-07-16	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	2013-07-16	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-07-16	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-07-16	No
Opinion of an independent qualified public accountant for this plan	2013-07-16	Unqualified
Accountancy firm name	2013-07-16	DELOITTE AND TOUCHE, LLP
Accountancy firm EIN	2013-07-16	133891517
2012 : METLIFE BANK 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$202,175
Total unrealized appreciation/depreciation of assets	2012-12-31	$202,175
Total transfer of assets to this plan	2012-12-31	$537,767
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$343,021
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$15,457
Total income from all sources (including contributions)	2012-12-31	$19,676,859
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$31,213,658
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$31,209,977
Expenses. Certain deemed distributions of participant loans	2012-12-31	$3,681
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$14,878,014
Value of total assets at end of year	2012-12-31	$36,974,227
Value of total assets at beginning of year	2012-12-31	$47,645,695
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$0
Total interest from all sources	2012-12-31	$852,475
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$30,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$9,563,932
Participant contributions at end of year	2012-12-31	$2,489,000
Participant contributions at beginning of year	2012-12-31	$2,553,778
Participant contributions at end of year	2012-12-31	$850
Participant contributions at beginning of year	2012-12-31	$655,795
Assets. Other investments not covered elsewhere at end of year	2012-12-31	$373,528
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$30,623
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$310,932
Total non interest bearing cash at beginning of year	2012-12-31	$112,961
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	$-11,536,799
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$36,631,206
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$47,630,238
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 in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$28,608,798
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$37,139,110
Interest on participant loans	2012-12-31	$50,992
Interest earned on other investments	2012-12-31	$801,483
Value of interest in common/collective trusts at end of year	2012-12-31	$5,501,560
Value of interest in common/collective trusts at beginning of year	2012-12-31	$6,715,254
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$3,744,195
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
Contributions received in cash from employer	2012-12-31	$5,003,150
Employer contributions (assets) at end of year	2012-12-31	$491
Employer contributions (assets) at beginning of year	2012-12-31	$438,174
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$31,209,977
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	2012-12-31	No
Liabilities. Value of benefit claims payable at end of year	2012-12-31	$343,021
Liabilities. Value of benefit claims payable at beginning of year	2012-12-31	$15,457
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
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	DELOITTE AND TOUCHE, LLP
Accountancy firm EIN	2012-12-31	133891517
2011 : METLIFE BANK 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total transfer of assets to this plan	2011-12-31	$15,093,471
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$15,457
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	$35,279,458
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$2,742,691
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$2,738,591
Expenses. Certain deemed distributions of participant loans	2011-12-31	$4,100
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$35,551,743
Value of total assets at end of year	2011-12-31	$47,645,695
Value of total assets at beginning of year	2011-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$0
Total interest from all sources	2011-12-31	$681,051
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$30,000,000
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
Contributions received from participants	2011-12-31	$20,325,247
Participant contributions at end of year	2011-12-31	$2,553,778
Participant contributions at end of year	2011-12-31	$655,795
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$30,623
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$2,314,660
Total non interest bearing cash at end of year	2011-12-31	$112,961
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	$32,536,767
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$47,630,238
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$0
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 in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$37,139,110
Interest on participant loans	2011-12-31	$41,357
Interest earned on other investments	2011-12-31	$639,694
Value of interest in common/collective trusts at end of year	2011-12-31	$6,715,254
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-953,336
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
Contributions received in cash from employer	2011-12-31	$12,911,836
Employer contributions (assets) at end of year	2011-12-31	$438,174
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$2,738,591
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	2011-12-31	No
Liabilities. Value of benefit claims payable at end of year	2011-12-31	$15,457
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
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	DELOITTE AND TOUCHE, LLP
Accountancy firm EIN	2011-12-31	133891517

Form 5500 Responses for METLIFE BANK 401(K) PLAN

2013: METLIFE BANK 401(K) PLAN 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 – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: METLIFE BANK 401(K) PLAN 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 – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: METLIFE BANK 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	First time form 5500 has been submitted	Yes
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 – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	METLIFE BANK, NATIONAL ASSOCIATION
Employer identification number (EIN):	223627804
NAIC Classification:	522110
NAIC Description:	Commercial Banking