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NEWALLIANCE BANK 401(K) PLAN 401k Plan overview

Plan NameNEWALLIANCE BANK 401(K) PLAN
Plan identification number 002

NEWALLIANCE BANK 401(K) 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

FIRST NIAGARA FINANCIAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:FIRST NIAGARA FINANCIAL GROUP, INC.
Employer identification number (EIN):060469580
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022016-01-01MARYLISA OROSS2017-04-26
0022015-01-01MARYLISA OROSS2016-07-06
0022014-01-01MARYLISA OROSS2015-08-20 MARYLISA OROSS2015-08-20
0022013-01-01MARYLISA OROSS2014-07-15 MARYLISA OROSS2014-07-15
0022012-01-01JULIE M. LAFOREST JULIE M. LAFOREST2013-07-10
0022011-01-01JULIE M. LAFOREST JULIE M. LAFOREST2012-07-16
0022009-01-01KATHY MYCHAJLUK DAVID MCDOWELL2010-07-29

Plan Statistics for NEWALLIANCE BANK 401(K) PLAN

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

Measure Date Value
2012: NEWALLIANCE BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,327
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-013
Total participants2012-01-013
Number of participants with account balances2012-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: NEWALLIANCE BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,421
Total number of active participants reported on line 7a of the Form 55002011-01-011,182
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01145
Total of all active and inactive participants2011-01-011,327
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-011,327
Number of participants with account balances2011-01-01934
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: NEWALLIANCE BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,399
Total number of active participants reported on line 7a of the Form 55002009-01-011,085
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01277
Total of all active and inactive participants2009-01-011,362
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-011,362
Number of participants with account balances2009-01-011,076
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on NEWALLIANCE BANK 401(K) PLAN

Measure Date Value
2012 : NEWALLIANCE BANK 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$1,906
Total transfer of assets from this plan2012-12-31$221,033
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$20,360
Total income from all sources (including contributions)2012-12-31$3,281,239
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$45,396,312
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$45,070,317
Expenses. Certain deemed distributions of participant loans2012-12-31$199,180
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$0
Value of total assets at end of year2012-12-31$251,632
Value of total assets at beginning of year2012-12-31$42,606,192
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$126,815
Total interest from all sources2012-12-31$18,416
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$262,842
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$262,842
Administrative expenses professional fees incurred2012-12-31$126,815
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$30,100,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
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
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$615,938
Liabilities. Value of operating payables at beginning of year2012-12-31$20,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-42,115,073
Value of net assets at end of year (total assets less liabilities)2012-12-31$251,632
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$42,585,832
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$251,214
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$31,492,137
Interest on participant loans2012-12-31$12,770
Value of interest in common/collective trusts at beginning of year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$418
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$10,498,117
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$10,498,117
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$5,646
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$2,999,981
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$45,070,317
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$360
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)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31BONADIO & CO., LLP
Accountancy firm EIN2012-12-31161131146
2011 : NEWALLIANCE BANK 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$3,246,616
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$20,360
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$20,600
Total income from all sources (including contributions)2011-12-31$-98,555
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$12,431,428
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$12,036,450
Expenses. Certain deemed distributions of participant loans2011-12-31$208,728
Value of total corrective distributions2011-12-31$369
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,777,721
Value of total assets at end of year2011-12-31$42,606,192
Value of total assets at beginning of year2011-12-31$51,889,799
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$185,881
Total interest from all sources2011-12-31$44,292
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$442,938
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$442,938
Administrative expenses professional fees incurred2011-12-31$165,881
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$30,100,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
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$1,762,814
Participant contributions at end of year2011-12-31$615,938
Participant contributions at beginning of year2011-12-31$1,201,912
Participant contributions at beginning of year2011-12-31$3,260
Administrative expenses (other) incurred2011-12-31$20,000
Liabilities. Value of operating payables at end of year2011-12-31$20,000
Liabilities. Value of operating payables at beginning of year2011-12-31$19,500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-12,529,983
Value of net assets at end of year (total assets less liabilities)2011-12-31$42,585,832
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$51,869,199
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$31,492,137
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$40,797,284
Interest on participant loans2011-12-31$34,801
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$2,834,713
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$10,498,117
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$7,052,630
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$7,052,630
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$9,491
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-2,413,260
Net investment gain or loss from common/collective trusts2011-12-31$49,754
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
Contributions received in cash from employer2011-12-31$14,907
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$12,036,450
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Liabilities. Value of benefit claims payable at end of year2011-12-31$360
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$1,100
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)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31BONADIO & CO., LLP
Accountancy firm EIN2011-12-31161131146
2010 : NEWALLIANCE BANK 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$245,670
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$20,600
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$20,200
Total income from all sources (including contributions)2010-12-31$10,322,554
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$5,711,179
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$5,377,557
Expenses. Certain deemed distributions of participant loans2010-12-31$180,445
Value of total corrective distributions2010-12-31$11,581
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$3,973,741
Value of total assets at end of year2010-12-31$51,889,799
Value of total assets at beginning of year2010-12-31$47,032,354
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$141,596
Total interest from all sources2010-12-31$77,531
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$442,970
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$442,970
Administrative expenses professional fees incurred2010-12-31$141,596
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$30,100,000
If this is an individual account plan, was there a blackout period2010-12-31Yes
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$3,784,887
Participant contributions at end of year2010-12-31$1,201,912
Participant contributions at beginning of year2010-12-31$1,229,551
Participant contributions at end of year2010-12-31$3,260
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$188,854
Liabilities. Value of operating payables at end of year2010-12-31$19,500
Liabilities. Value of operating payables at beginning of year2010-12-31$19,400
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$4,611,375
Value of net assets at end of year (total assets less liabilities)2010-12-31$51,869,199
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$47,012,154
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$40,797,284
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$35,649,277
Interest on participant loans2010-12-31$55,650
Value of interest in common/collective trusts at end of year2010-12-31$2,834,713
Value of interest in common/collective trusts at beginning of year2010-12-31$2,781,006
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$7,052,630
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$7,372,520
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$7,372,520
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$21,881
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$5,774,600
Net investment gain or loss from common/collective trusts2010-12-31$53,712
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$5,377,557
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31Yes
Liabilities. Value of benefit claims payable at end of year2010-12-31$1,100
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$800
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)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31WHITTLESEY & HADLEY, P.C.
Accountancy firm EIN2010-12-31060903326
2009 : NEWALLIANCE BANK 401(K) 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 NEWALLIANCE BANK 401(K) PLAN

2012: NEWALLIANCE BANK 401(K) 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NEWALLIANCE BANK 401(K) 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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: NEWALLIANCE BANK 401(K) 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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