401k Plan data: CHARTER OAK BANK 401(K) PLAN plan

CHARTER OAK BANK 401(K) PLAN 401k Plan overview

Plan Name	CHARTER OAK BANK 401(K) PLAN
Plan identification number	002

CHARTER OAK BANK 401(K) PLAN 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.
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

FDIC AS RECEIVER OF CHARTER OAK BANK has sponsored the creation of one or more 401k plans.

Company Name: FDIC AS RECEIVER OF CHARTER OAK BANK

Employer identification number (EIN): 830403852

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2011-01-01 JEFFREY MALLOCH 2011-07-21 JEFFREY MALLOCH 2011-07-21
002 2010-01-01 JEFFREY MALLOCH JEFFREY MALLOCH 2011-07-21
002 2009-01-01 BRIAN KELLY BRIAN KELLY 2010-07-08

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2011-01-01	JEFFREY MALLOCH	2011-07-21	JEFFREY MALLOCH	2011-07-21
002	2010-01-01	JEFFREY MALLOCH		JEFFREY MALLOCH	2011-07-21
002	2009-01-01	BRIAN KELLY		BRIAN KELLY	2010-07-08

Plan Statistics for CHARTER OAK BANK 401(K) PLAN

401k plan membership statisitcs for CHARTER OAK BANK 401(K) PLAN

Measure Date Value
2010: CHARTER OAK BANK 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 40
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 29
Number of other retired or separated participants entitled to future benefits 2010-01-01 4
Total of all active and inactive participants 2010-01-01 33
Total participants 2010-01-01 33
Number of participants with account balances 2010-01-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: CHARTER OAK BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 40
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 36
Number of other retired or separated participants entitled to future benefits 2009-01-01 2
Total of all active and inactive participants 2009-01-01 38
Total participants 2009-01-01 38
Number of participants with account balances 2009-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2010: CHARTER OAK BANK 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	40
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	29
Number of other retired or separated participants entitled to future benefits	2010-01-01	4
Total of all active and inactive participants	2010-01-01	33
Total participants	2010-01-01	33
Number of participants with account balances	2010-01-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: CHARTER OAK BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	40
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	36
Number of other retired or separated participants entitled to future benefits	2009-01-01	2
Total of all active and inactive participants	2009-01-01	38
Total participants	2009-01-01	38
Number of participants with account balances	2009-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on CHARTER OAK BANK 401(K) PLAN

Measure	Date	Value
2010 : CHARTER OAK BANK 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$277,235
Expenses. Total of all expenses incurred	2010-12-31	$9,271
Benefits paid (including direct rollovers)	2010-12-31	$9,271
Total plan assets at end of year	2010-12-31	$1,035,078
Total plan assets at beginning of year	2010-12-31	$767,114
Value of fidelity bond covering the plan	2010-12-31	$1,000,000
Total contributions received or receivable from participants	2010-12-31	$140,904
Other income received	2010-12-31	$136,331
Net income (gross income less expenses)	2010-12-31	$267,964
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,035,078
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$767,114
Assets. Value of participant loans	2010-12-31	$0

Form 5500 Responses for CHARTER OAK BANK 401(K) PLAN

2010: CHARTER OAK BANK 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	Yes
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: CHARTER OAK BANK 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FDIC AS RECEIVER OF CHARTER OAK BANK
Employer identification number (EIN):	830403852
NAIC Classification:	522110
NAIC Description:	Commercial Banking