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NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 004

NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined 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.

401k Sponsoring company profile

NORTH PENN BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTH PENN BANCORP, INC.
Employer identification number (EIN):240716410
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042010-01-01BRIDGET ORUE BRIDGET ORUE2011-10-07
0042009-01-01BRIDGET ORUE BRIDGET ORUE2010-10-06

Plan Statistics for NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2010: NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0142
Total number of active participants reported on line 7a of the Form 55002010-01-0139
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-017
Total of all active and inactive participants2010-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0146
Number of participants with account balances2010-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0138
Total number of active participants reported on line 7a of the Form 55002009-01-0130
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-019
Total of all active and inactive participants2009-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0139
Number of participants with account balances2009-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2010 : NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$904,760
Total plan liabilities at beginning of year2010-12-31$959,184
Total income from all sources2010-12-31$1,110,201
Expenses. Total of all expenses incurred2010-12-31$71,984
Benefits paid (including direct rollovers)2010-12-31$12,186
Total plan assets at end of year2010-12-31$2,174,165
Total plan assets at beginning of year2010-12-31$1,190,372
Value of fidelity bond covering the plan2010-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2010-12-31$59,798
Other income received2010-12-31$1,044,651
Net income (gross income less expenses)2010-12-31$1,038,217
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,269,405
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$231,188
Assets. Value of employer securities2010-12-31$2,162,492
Total contributions received or receivable from employer(s)2010-12-31$65,550
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN

2010: NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NORTH PENN BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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