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FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 401k Plan overview

Plan NameFIRST FEDERAL SAVINGS BANK RETIREMENT PLAN
Plan identification number 001

FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN Benefits

401k Plan TypeDefined 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

FIRST FEDERAL SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name:FIRST FEDERAL SAVINGS BANK
Employer identification number (EIN):250672305
NAIC Classification:522120
NAIC Description:Savings Institutions

Additional information about FIRST FEDERAL SAVINGS BANK

Jurisdiction of Incorporation: Vermont Secretary of State Corporations Division
Incorporation Date: 2009-09-04
Company Identification Number: 88461
Legal Registered Office Address: 30 KIMBALL AVE, STE 102

SO BURLINGTON
United States of America (USA)
05403

More information about FIRST FEDERAL SAVINGS BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01DACOSTA SMITH, III PATRICK G. OBRIEN2011-06-02
0012009-01-01DACOSTA SMITH, III PATRICK G. OBRIEN2010-07-12

Plan Statistics for FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

401k plan membership statisitcs for FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

Measure Date Value
2010: FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01106
Total number of active participants reported on line 7a of the Form 55002010-01-0185
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0120
Total of all active and inactive participants2010-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01105
Number of participants with account balances2010-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01101
Total number of active participants reported on line 7a of the Form 55002009-01-0188
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0117
Total of all active and inactive participants2009-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01105
Number of participants with account balances2009-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

Measure Date Value
2010 : FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN 2010 401k financial data
Total income from all sources2010-12-31$1,116,339
Expenses. Total of all expenses incurred2010-12-31$602,832
Benefits paid (including direct rollovers)2010-12-31$601,766
Total plan assets at end of year2010-12-31$5,972,833
Total plan assets at beginning of year2010-12-31$5,459,326
Value of fidelity bond covering the plan2010-12-31$5,500,000
Total contributions received or receivable from participants2010-12-31$267,596
Contributions received from other sources (not participants or employers)2010-12-31$23,327
Other income received2010-12-31$684,387
Net income (gross income less expenses)2010-12-31$513,507
Net plan assets at end of year (total assets less liabilities)2010-12-31$5,972,833
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$5,459,326
Assets. Value of participant loans2010-12-31$195,581
Assets. Value of employer securities2010-12-31$551,306
Total contributions received or receivable from employer(s)2010-12-31$141,029
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,066

Form 5500 Responses for FIRST FEDERAL SAVINGS BANK RETIREMENT PLAN

2010: FIRST FEDERAL SAVINGS BANK RETIREMENT 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: FIRST FEDERAL SAVINGS BANK RETIREMENT 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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