401k Plan data: THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK plan

THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 401k Plan overview

Plan Name	THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK
Plan identification number	008

THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021). Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation). Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PEOPLE'S UNITED BANK, N.A. has sponsored the creation of one or more 401k plans.

Company Name: PEOPLE'S UNITED BANK, N.A.

Employer identification number (EIN): 061213065

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
008 2012-01-01 MICHELLE MCNEIL MICHELLE MCNEIL 2013-10-08
008 2011-01-01 MICHELLE MCNEIL MICHELLE MCNEIL 2012-11-16

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
008	2012-01-01	MICHELLE MCNEIL		MICHELLE MCNEIL	2013-10-08
008	2011-01-01	MICHELLE MCNEIL		MICHELLE MCNEIL	2012-11-16

Plan Statistics for THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK

401k plan membership statisitcs for THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK

Measure Date Value
2012: THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2012 401k membership
Total participants, beginning-of-year 2012-01-01 145
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 0
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 0
Total of all active and inactive participants 2012-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2011 401k membership
Total participants, beginning-of-year 2011-01-01 148
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 20
Number of retired or separated participants receiving benefits 2011-01-01 52
Number of other retired or separated participants entitled to future benefits 2011-01-01 70
Total of all active and inactive participants 2011-01-01 142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 3
Total participants 2011-01-01 145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0

Measure	Date	Value
2012: THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2012 401k membership
Total participants, beginning-of-year	2012-01-01	145
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	0
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	0
Total of all active and inactive participants	2012-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2011 401k membership
Total participants, beginning-of-year	2011-01-01	148
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	20
Number of retired or separated participants receiving benefits	2011-01-01	52
Number of other retired or separated participants entitled to future benefits	2011-01-01	70
Total of all active and inactive participants	2011-01-01	142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	3
Total participants	2011-01-01	145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0

Financial Data on THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK

Measure	Date	Value
2012 : THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$-716,624
Total unrealized appreciation/depreciation of assets	2012-12-31	$-716,624
Total transfer of assets from this plan	2012-12-31	$6,170,234
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	$206,984
Total loss/gain on sale of assets	2012-12-31	$421,109
Total of all expenses incurred	2012-12-31	$521,829
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$459,334
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$344,043
Value of total assets at end of year	2012-12-31	$0
Value of total assets at beginning of year	2012-12-31	$6,485,079
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$62,495
Total interest from all sources	2012-12-31	$46,022
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$122,767
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Administrative expenses professional fees incurred	2012-12-31	$14,925
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$2,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Assets. Other investments not covered elsewhere at end of year	2012-12-31	$0
Assets. Other investments not covered elsewhere at beginning of year	2012-12-31	$50,242
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-12-31	$11,867
Other income not declared elsewhere	2012-12-31	$-10,333
Administrative expenses (other) incurred	2012-12-31	$34,775
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-314,845
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$6,485,079
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Investment advisory and management fees	2012-12-31	$12,795
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$2,540,639
Interest earned on other investments	2012-12-31	$18,709
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$522,386
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$522,386
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$27,313
Asset value of US Government securities at end of year	2012-12-31	$0
Asset value of US Government securities at beginning of year	2012-12-31	$428,639
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$344,043
Employer contributions (assets) at end of year	2012-12-31	$0
Employer contributions (assets) at beginning of year	2012-12-31	$344,120
Income. Dividends from common stock	2012-12-31	$122,767
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$459,334
Asset. Corporate debt instrument debt (other) at end of year	2012-12-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2012-12-31	$344,185
Assets. Corporate common stocks other than exployer securities at end of year	2012-12-31	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2012-12-31	$2,243,001
Did the plan have assets held for investment	2012-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	Yes
Aggregate proceeds on sale of assets	2012-12-31	$421,109
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	WOLF AND COMPANY, P.C.
Accountancy firm EIN	2012-12-31	042689883
2011 : THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-43,795
Total unrealized appreciation/depreciation of assets	2011-12-31	$-43,795
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	$726,869
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$516,140
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$455,642
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$624,767
Value of total assets at end of year	2011-12-31	$6,485,079
Value of total assets at beginning of year	2011-12-31	$6,274,350
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$60,498
Total interest from all sources	2011-12-31	$28,652
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$117,245
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$60,738
Assets. Real estate other than employer real property at beginning of year	2011-12-31	$492,279
Administrative expenses professional fees incurred	2011-12-31	$6,057
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$2,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$50,242
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$11,867
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$10,756
Administrative expenses (other) incurred	2011-12-31	$27,199
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$210,729
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$6,485,079
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$6,274,350
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$27,242
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$2,540,639
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$2,226,438
Income. Interest from US Government securities	2011-12-31	$13,349
Income. Interest from corporate debt instruments	2011-12-31	$10,513
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$522,386
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$500,069
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$500,069
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$28,652
Asset value of US Government securities at end of year	2011-12-31	$478,881
Asset value of US Government securities at beginning of year	2011-12-31	$231,798
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$624,767
Employer contributions (assets) at end of year	2011-12-31	$344,120
Employer contributions (assets) at beginning of year	2011-12-31	$259,011
Income. Dividends from common stock	2011-12-31	$117,245
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$455,642
Asset. Corporate debt instrument debt (other) at end of year	2011-12-31	$344,185
Asset. Corporate debt instrument debt (other) at beginning of year	2011-12-31	$266,086
Assets. Corporate common stocks other than exployer securities at end of year	2011-12-31	$2,243,001
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-12-31	$2,287,913
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	WOLF AND COMPANY, P.C.
Accountancy firm EIN	2011-12-31	042689883

Form 5500 Responses for THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK

2012: THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	Yes
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: THE RETIREMENT PLAN FOR EMPLOYEES OF BEVERLY NATIONAL BANK 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	Yes
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	PEOPLE'S UNITED BANK, N.A.
Employer identification number (EIN):	061213065
NAIC Classification:	522110
NAIC Description:	Commercial Banking