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THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameTHE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN
Plan identification number 002

THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined 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

THE WASHINGTON SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name:THE WASHINGTON SAVINGS BANK
Employer identification number (EIN):521271169
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01CATHY COUGHLIN CATHY COUGHLIN2013-07-10
0022011-01-01WILLIAM H WALKER JR. WILLIAM H WALKER JR.2012-10-04
0022009-01-01WILLIAM H WALKER JR. WILLIAM H WALKER JR.2010-09-28
0022009-01-01WILLIAM H WALKER JR. WILLIAM H WALKER JR.2010-10-01
0022009-01-01WILLIAM H WALKER JR. WILLIAM H WALKER JR.2010-10-01

Plan Statistics for THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN

Measure Date Value
2012: THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0199
Total number of active participants reported on line 7a of the Form 55002012-01-0193
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0113
Total of all active and inactive participants2012-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01106
Number of participants with account balances2012-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01108
Total number of active participants reported on line 7a of the Form 55002011-01-0191
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0114
Total of all active and inactive participants2011-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01105
Number of participants with account balances2011-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-016
2009: THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01136
Total number of active participants reported on line 7a of the Form 55002009-01-0198
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0113
Total of all active and inactive participants2009-01-01111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01111
Number of participants with account balances2009-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0117

Financial Data on THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN

Measure Date Value
2012 : THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
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$1,016,155
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$194,517
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$182,496
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$551,213
Value of total assets at end of year2012-12-31$4,235,215
Value of total assets at beginning of year2012-12-31$3,413,577
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$12,021
Total interest from all sources2012-12-31$35,482
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 year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$360,388
Participant contributions at end of year2012-12-31$227,947
Participant contributions at beginning of year2012-12-31$175,436
Assets. Other investments not covered elsewhere at end of year2012-12-31$175,957
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$79,335
Other income not declared elsewhere2012-12-31$108,248
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$821,638
Value of net assets at end of year (total assets less liabilities)2012-12-31$4,235,215
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$3,413,577
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$8,813
Value of interest in pooled separate accounts at end of year2012-12-31$2,811,472
Value of interest in pooled separate accounts at beginning of year2012-12-31$2,324,415
Interest on participant loans2012-12-31$6,583
Interest earned on other investments2012-12-31$28,899
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$1,019,839
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$834,391
Net investment gain/loss from pooled separate accounts2012-12-31$321,212
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$190,825
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$182,496
Contract administrator fees2012-12-31$3,208
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31STEGMAN & COMPANY
Accountancy firm EIN2012-12-31052094774
2011 : THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
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$0
Total income from all sources (including contributions)2011-12-31$478,217
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$330,801
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$320,073
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$471,971
Value of total assets at end of year2011-12-31$3,413,577
Value of total assets at beginning of year2011-12-31$3,266,161
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$10,728
Total interest from all sources2011-12-31$29,583
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 year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$3,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$319,052
Participant contributions at end of year2011-12-31$175,436
Participant contributions at beginning of year2011-12-31$138,690
Assets. Other investments not covered elsewhere at end of year2011-12-31$79,335
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$105,140
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$13,009
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Other income not declared elsewhere2011-12-31$688
Administrative expenses (other) incurred2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$147,416
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,413,577
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$3,266,161
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$7,818
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$0
Value of interest in pooled separate accounts at end of year2011-12-31$2,324,415
Value of interest in pooled separate accounts at beginning of year2011-12-31$2,266,016
Interest on participant loans2011-12-31$5,954
Interest earned on other investments2011-12-31$23,629
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$834,391
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$756,315
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$0
Net investment gain/loss from pooled separate accounts2011-12-31$-24,025
Net investment gain or loss from common/collective trusts2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$0
Assets. Invements in employer securities at beginning of year2011-12-31$0
Contributions received in cash from employer2011-12-31$139,910
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$320,073
Contract administrator fees2011-12-31$2,910
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31STEGMAN & COMPANY
Accountancy firm EIN2011-12-31052094774
2010 : THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$799,913
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$249,866
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$237,829
Expenses. Certain deemed distributions of participant loans2010-12-31$2,931
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$524,756
Value of total assets at end of year2010-12-31$3,266,161
Value of total assets at beginning of year2010-12-31$2,716,114
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$9,106
Total interest from all sources2010-12-31$26,948
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$3,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$319,464
Participant contributions at end of year2010-12-31$138,690
Participant contributions at beginning of year2010-12-31$83,869
Assets. Other investments not covered elsewhere at end of year2010-12-31$98,604
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$117,152
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$46,680
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Other income not declared elsewhere2010-12-31$-1,205
Administrative expenses (other) incurred2010-12-31$125
Total non interest bearing cash at end of year2010-12-31$6,536
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$550,047
Value of net assets at end of year (total assets less liabilities)2010-12-31$3,266,161
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$2,716,114
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$6,571
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$0
Value of interest in pooled separate accounts at end of year2010-12-31$2,266,016
Value of interest in pooled separate accounts at beginning of year2010-12-31$1,785,505
Interest on participant loans2010-12-31$5,876
Interest earned on other investments2010-12-31$21,072
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$756,315
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$729,588
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$0
Net investment gain/loss from pooled separate accounts2010-12-31$249,414
Net investment gain or loss from common/collective trusts2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$0
Assets. Invements in employer securities at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$158,612
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$237,829
Contract administrator fees2010-12-31$2,410
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31STEGMAN & COMPANY
Accountancy firm EIN2010-12-31520947747
2009 : THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT 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 THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN

2012: THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE WASHINGTON SAVINGS BANK F.S.B. 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: THE WASHINGTON SAVINGS BANK F.S.B. 401(K) 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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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