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STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 401k Plan overview

Plan NameSTERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN
Plan identification number 002

STERLING NATIONAL BANK 401(K) AND PROFIT SHARING 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

STERLING NATIONAL BANK has sponsored the creation of one or more 401k plans.

Company Name:STERLING NATIONAL BANK
Employer identification number (EIN):131726107
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01
0022020-01-01
0022019-01-01
0022019-01-01
0022018-01-01
0022017-01-01JUDY FLYNN JUDY FLYNN2018-09-20
0022017-01-01JUDY FLYNN JUDY FLYNN2018-10-11
0022016-01-01JEAN STRELLA JEAN STRELLA2017-09-29
0022015-01-01JEAN STRELLA JEAN STRELLA2016-09-27
0022014-01-01JEAN STRELLA JEAN STRELLA2015-07-31
0022013-01-01JEAN STRELLA JEAN STRELLA2014-06-30
0022012-01-01JEAN STRELLA JEAN STRELLA2013-07-25
0022011-01-01JEAN STRELLA JEAN STRELLA2012-07-30
0022010-01-01JEAN STRELLA JEAN STRELLA2011-07-25
0022009-01-01JEAN STRELLA JEAN STRELLA2010-10-07

Plan Statistics for STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN

401k plan membership statisitcs for STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2021: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-012,630
Total number of active participants reported on line 7a of the Form 55002021-01-011,461
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-011,061
Total of all active and inactive participants2021-01-012,524
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0117
Total participants2021-01-012,541
Number of participants with account balances2021-01-012,505
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01122
2020: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-012,819
Total number of active participants reported on line 7a of the Form 55002020-01-011,484
Number of retired or separated participants receiving benefits2020-01-013
Number of other retired or separated participants entitled to future benefits2020-01-011,084
Total of all active and inactive participants2020-01-012,571
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-019
Total participants2020-01-012,580
Number of participants with account balances2020-01-012,548
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-01124
2019: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013,698
Total number of active participants reported on line 7a of the Form 55002019-01-011,705
Number of retired or separated participants receiving benefits2019-01-014
Number of other retired or separated participants entitled to future benefits2019-01-011,080
Total of all active and inactive participants2019-01-012,789
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0110
Total participants2019-01-012,799
Number of participants with account balances2019-01-012,728
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-01215
2018: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-012,563
Total number of active participants reported on line 7a of the Form 55002018-01-012,018
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01773
Total of all active and inactive participants2018-01-012,791
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-018
Total participants2018-01-012,799
Number of participants with account balances2018-01-011,921
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-01180
2017: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011,517
Total number of active participants reported on line 7a of the Form 55002017-01-011,042
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01472
Total of all active and inactive participants2017-01-011,514
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-016
Total participants2017-01-011,520
Number of participants with account balances2017-01-011,476
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-01118
2016: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011,375
Total number of active participants reported on line 7a of the Form 55002016-01-011,019
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01478
Total of all active and inactive participants2016-01-011,497
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-016
Total participants2016-01-011,503
Number of participants with account balances2016-01-011,479
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-01140
2015: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011,251
Total number of active participants reported on line 7a of the Form 55002015-01-01930
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01299
Total of all active and inactive participants2015-01-011,229
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-016
Total participants2015-01-011,235
Number of participants with account balances2015-01-011,078
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0194
2014: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01781
Total number of active participants reported on line 7a of the Form 55002014-01-01599
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01239
Total of all active and inactive participants2014-01-01838
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-015
Total participants2014-01-01843
Number of participants with account balances2014-01-01652
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0151
2013: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01699
Total number of active participants reported on line 7a of the Form 55002013-01-01563
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01125
Total of all active and inactive participants2013-01-01688
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-013
Total participants2013-01-01691
Number of participants with account balances2013-01-01642
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0147
2012: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01678
Total number of active participants reported on line 7a of the Form 55002012-01-01576
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01118
Total of all active and inactive participants2012-01-01694
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-013
Total participants2012-01-01697
Number of participants with account balances2012-01-01662
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0156
2011: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01662
Total number of active participants reported on line 7a of the Form 55002011-01-01574
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0198
Total of all active and inactive participants2011-01-01672
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-016
Total participants2011-01-01678
Number of participants with account balances2011-01-01665
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0119
2010: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01648
Total number of active participants reported on line 7a of the Form 55002010-01-01534
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01122
Total of all active and inactive participants2010-01-01656
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-016
Total participants2010-01-01662
Number of participants with account balances2010-01-01662
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0123
2009: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01645
Total number of active participants reported on line 7a of the Form 55002009-01-01586
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-01126
Total of all active and inactive participants2009-01-01712
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-013
Total participants2009-01-01715
Number of participants with account balances2009-01-01648
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0133

Financial Data on STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN

Measure Date Value
2021 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$19,597,542
Total unrealized appreciation/depreciation of assets2021-12-31$19,597,542
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$8,461,440
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$12,714,276
Total income from all sources (including contributions)2021-12-31$84,012,577
Total loss/gain on sale of assets2021-12-31$1,832,094
Total of all expenses incurred2021-12-31$22,912,237
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$22,718,940
Expenses. Certain deemed distributions of participant loans2021-12-31$-499
Value of total corrective distributions2021-12-31$4,550
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$22,460,321
Value of total assets at end of year2021-12-31$423,615,325
Value of total assets at beginning of year2021-12-31$366,767,821
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$189,246
Total interest from all sources2021-12-31$183,035
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,387,543
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$642,337
Administrative expenses professional fees incurred2021-12-31$3,000
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$30,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$13,445,955
Participant contributions at end of year2021-12-31$3,324,144
Participant contributions at beginning of year2021-12-31$3,769,717
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$2,297,704
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$836
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$59,546
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$8,416,440
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$12,714,276
Other income not declared elsewhere2021-12-31$66,964
Liabilities. Value of operating payables at end of year2021-12-31$45,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$61,100,340
Value of net assets at end of year (total assets less liabilities)2021-12-31$415,153,885
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$354,053,545
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$102,161,071
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$87,392,743
Value of interest in pooled separate accounts at end of year2021-12-31$21,440,707
Value of interest in pooled separate accounts at beginning of year2021-12-31$23,539,744
Interest on participant loans2021-12-31$156,922
Interest earned on other investments2021-12-31$26,113
Value of interest in common/collective trusts at end of year2021-12-31$182,540,916
Value of interest in common/collective trusts at beginning of year2021-12-31$153,239,077
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$47,756,538
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$47,359,545
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$14,937,354
Net investment gain/loss from pooled separate accounts2021-12-31$1,223,843
Net investment gain or loss from common/collective trusts2021-12-31$22,323,881
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$66,391,113
Assets. Invements in employer securities at beginning of year2021-12-31$51,161,372
Contributions received in cash from employer2021-12-31$6,716,662
Employer contributions (assets) at beginning of year2021-12-31$246,077
Income. Dividends from common stock2021-12-31$745,206
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$22,718,940
Contract administrator fees2021-12-31$186,246
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$8,373,449
Aggregate carrying amount (costs) on sale of assets2021-12-31$6,541,355
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BUCHBINDER TUNICK & CO LLP
Accountancy firm EIN2021-12-31131578842
2020 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-6,825,579
Total unrealized appreciation/depreciation of assets2020-12-31$-6,825,579
Total transfer of assets to this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$12,714,276
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$50,038,496
Total loss/gain on sale of assets2020-12-31$-3,657,538
Total of all expenses incurred2020-12-31$29,510,950
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$29,355,691
Expenses. Certain deemed distributions of participant loans2020-12-31$499
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$22,452,918
Value of total assets at end of year2020-12-31$366,767,821
Value of total assets at beginning of year2020-12-31$333,525,999
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$154,760
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$1,085,926
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,546,386
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$712,068
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$25,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$13,252,673
Participant contributions at end of year2020-12-31$3,769,717
Participant contributions at beginning of year2020-12-31$4,188,041
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$2,151,635
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$114
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$59,546
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$807
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$12,714,276
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$569,580
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$20,527,546
Value of net assets at end of year (total assets less liabilities)2020-12-31$354,053,545
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$333,525,999
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$87,392,743
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$182,404,066
Value of interest in pooled separate accounts at end of year2020-12-31$23,539,744
Value of interest in pooled separate accounts at beginning of year2020-12-31$147,220
Interest on participant loans2020-12-31$208,703
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$877,223
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$153,239,077
Value of interest in common/collective trusts at beginning of year2020-12-31$34,798,233
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$47,359,545
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$46,077,968
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$13,813,556
Net investment gain/loss from pooled separate accounts2020-12-31$1,556,298
Net investment gain or loss from common/collective trusts2020-12-31$19,496,949
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$51,161,372
Assets. Invements in employer securities at beginning of year2020-12-31$65,909,664
Contributions received in cash from employer2020-12-31$7,048,610
Employer contributions (assets) at end of year2020-12-31$246,077
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$834,318
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$29,355,577
Contract administrator fees2020-12-31$154,760
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$7,472,333
Aggregate carrying amount (costs) on sale of assets2020-12-31$11,129,871
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BUCHBINDER TUNICK CO LLP
Accountancy firm EIN2020-12-31131578842
2019 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$11,997,584
Total unrealized appreciation/depreciation of assets2019-12-31$11,997,584
Total transfer of assets to this plan2019-12-31$183,098,260
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$3,892,217
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$81,648,114
Total loss/gain on sale of assets2019-12-31$2,692,821
Total of all expenses incurred2019-12-31$50,639,849
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$50,338,061
Expenses. Certain deemed distributions of participant loans2019-12-31$33,114
Value of total corrective distributions2019-12-31$4,964
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$21,040,651
Value of total assets at end of year2019-12-31$333,525,999
Value of total assets at beginning of year2019-12-31$123,311,691
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$263,710
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$1,301,486
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$3,643,365
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$2,681,548
Administrative expenses professional fees incurred2019-12-31$53,569
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$25,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$13,007,577
Participant contributions at end of year2019-12-31$4,188,041
Participant contributions at beginning of year2019-12-31$1,523,515
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$4,973,403
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$498
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$807
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$105
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$3,892,217
Other income not declared elsewhere2019-12-31$4,145,797
Administrative expenses (other) incurred2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Income. Non cash contributions2019-12-31$0
Value of net income/loss2019-12-31$31,008,265
Value of net assets at end of year (total assets less liabilities)2019-12-31$333,525,999
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$119,419,474
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$182,404,066
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$68,444,483
Value of interest in pooled separate accounts at end of year2019-12-31$147,220
Value of interest in pooled separate accounts at beginning of year2019-12-31$3,848,366
Interest on participant loans2019-12-31$229,393
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$1,072,093
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$34,798,233
Value of interest in common/collective trusts at beginning of year2019-12-31$20,975,734
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$46,077,968
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$17,734,249
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$29,142,857
Net investment gain/loss from pooled separate accounts2019-12-31$37,380
Net investment gain or loss from common/collective trusts2019-12-31$7,646,173
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$65,909,664
Assets. Invements in employer securities at beginning of year2019-12-31$10,785,239
Contributions received in cash from employer2019-12-31$3,059,671
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$961,817
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$50,337,563
Contract administrator fees2019-12-31$210,141
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$14,553,888
Aggregate carrying amount (costs) on sale of assets2019-12-31$11,861,067
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BUCHBINDER TUNICK & CO. LLP
Accountancy firm EIN2019-12-31131578842
2018 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-5,096,227
Total unrealized appreciation/depreciation of assets2018-12-31$-5,096,227
Total transfer of assets to this plan2018-12-31$3,218,477
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$3,892,217
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$6,780,336
Expenses. Interest paid2018-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$0
Total income from all sources (including contributions)2018-12-31$3,465,018
Total loss/gain on sale of assets2018-12-31$-319,921
Total of all expenses incurred2018-12-31$15,757,384
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$15,682,363
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Value of total corrective distributions2018-12-31$25,213
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$14,714,057
Value of total assets at end of year2018-12-31$123,311,691
Value of total assets at beginning of year2018-12-31$135,273,699
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$49,808
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$80,718
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,716,007
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,524,134
Administrative expenses professional fees incurred2018-12-31$2,847
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$25,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Amount of non-exempt transactions with any party-in-interest2018-12-31$0
Contributions received from participants2018-12-31$7,976,065
Participant contributions at end of year2018-12-31$1,523,515
Participant contributions at beginning of year2018-12-31$1,618,283
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$2,324,115
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$3,654
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$105
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$69
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2018-12-31$3,892,217
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$6,780,336
Other income not declared elsewhere2018-12-31$109,619
Administrative expenses (other) incurred2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$0
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$-12,292,366
Value of net assets at end of year (total assets less liabilities)2018-12-31$119,419,474
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$128,493,363
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2018-12-31$0
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2018-12-31$0
Investment advisory and management fees2018-12-31$19,648
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$68,444,483
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$70,069,029
Value of interest in pooled separate accounts at end of year2018-12-31$3,848,366
Value of interest in pooled separate accounts at beginning of year2018-12-31$6,753,336
Interest on participant loans2018-12-31$80,718
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$0
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$20,975,734
Value of interest in common/collective trusts at beginning of year2018-12-31$20,785,093
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$17,734,249
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$17,086,375
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-6,440,166
Net investment gain/loss from pooled separate accounts2018-12-31$86,385
Net investment gain or loss from common/collective trusts2018-12-31$-1,385,454
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$10,785,239
Assets. Invements in employer securities at beginning of year2018-12-31$18,961,514
Contributions received in cash from employer2018-12-31$4,413,877
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$0
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$191,873
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$15,678,709
Contract administrator fees2018-12-31$27,313
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$5,002,805
Aggregate carrying amount (costs) on sale of assets2018-12-31$5,322,726
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BUCHBINDER TUNICK & CO. LLP
Accountancy firm EIN2018-12-31131578842
2017 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$1,067,271
Total unrealized appreciation/depreciation of assets2017-12-31$1,067,271
Total transfer of assets to this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$6,780,336
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$9,674,452
Expenses. Interest paid2017-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-12-31$0
Total income from all sources (including contributions)2017-12-31$26,982,491
Total loss/gain on sale of assets2017-12-31$10,607
Total of all expenses incurred2017-12-31$12,013,402
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$11,874,748
Expenses. Certain deemed distributions of participant loans2017-12-31$-355
Value of total corrective distributions2017-12-31$31,194
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$12,712,904
Value of total assets at end of year2017-12-31$135,273,699
Value of total assets at beginning of year2017-12-31$123,198,726
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$107,815
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$76,459
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,352,501
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,127,797
Administrative expenses professional fees incurred2017-12-31$51,884
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$25,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Amount of non-exempt transactions with any party-in-interest2017-12-31$0
Contributions received from participants2017-12-31$6,991,629
Participant contributions at end of year2017-12-31$1,618,283
Participant contributions at beginning of year2017-12-31$1,514,760
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$2,765,435
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$29
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$69
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-12-31$6,780,336
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$9,674,452
Other income not declared elsewhere2017-12-31$196,088
Administrative expenses (other) incurred2017-12-31$0
Liabilities. Value of operating payables at beginning of year2017-12-31$0
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Income. Non cash contributions2017-12-31$0
Value of net income/loss2017-12-31$14,969,089
Value of net assets at end of year (total assets less liabilities)2017-12-31$128,493,363
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$113,524,274
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2017-12-31$0
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2017-12-31$0
Investment advisory and management fees2017-12-31$36,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$70,069,029
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$59,873,953
Value of interest in pooled separate accounts at end of year2017-12-31$6,753,336
Value of interest in pooled separate accounts at beginning of year2017-12-31$24,929,866
Interest on participant loans2017-12-31$76,459
Income. Interest from loans (other than to participants)2017-12-31$0
Interest earned on other investments2017-12-31$0
Income. Interest from US Government securities2017-12-31$0
Income. Interest from corporate debt instruments2017-12-31$0
Value of interest in common/collective trusts at end of year2017-12-31$20,785,093
Value of interest in common/collective trusts at beginning of year2017-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$17,086,375
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$17,971,011
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$8,538,036
Net investment gain/loss from pooled separate accounts2017-12-31$2,331,962
Net investment gain or loss from common/collective trusts2017-12-31$696,663
Net gain/loss from 103.12 investment entities2017-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$18,961,514
Assets. Invements in employer securities at beginning of year2017-12-31$18,909,136
Contributions received in cash from employer2017-12-31$2,955,840
Employer contributions (assets) at end of year2017-12-31$0
Employer contributions (assets) at beginning of year2017-12-31$0
Income. Dividends from preferred stock2017-12-31$0
Income. Dividends from common stock2017-12-31$224,704
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$11,874,719
Contract administrator fees2017-12-31$19,931
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$2,606,913
Aggregate carrying amount (costs) on sale of assets2017-12-31$2,596,306
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BUCHBINDER TUNICK & CO. LLP
Accountancy firm EIN2017-12-31131578842
2016 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$5,577,333
Total unrealized appreciation/depreciation of assets2016-12-31$5,577,333
Total transfer of assets to this plan2016-12-31$21,139,592
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$9,674,452
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$23,000
Expenses. Interest paid2016-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$0
Total income from all sources (including contributions)2016-12-31$22,863,713
Total loss/gain on sale of assets2016-12-31$385,271
Total of all expenses incurred2016-12-31$14,679,215
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$14,586,486
Expenses. Certain deemed distributions of participant loans2016-12-31$0
Value of total corrective distributions2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$11,324,392
Value of total assets at end of year2016-12-31$123,198,726
Value of total assets at beginning of year2016-12-31$84,223,184
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$92,729
Total income from rents2016-12-31$0
Total interest from all sources2016-12-31$265,944
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,048,107
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$811,340
Administrative expenses professional fees incurred2016-12-31$51,622
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$20,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Amount of non-exempt transactions with any party-in-interest2016-12-31$0
Contributions received from participants2016-12-31$6,401,283
Participant contributions at end of year2016-12-31$1,514,760
Participant contributions at beginning of year2016-12-31$1,315,857
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$160,570
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$2,048,265
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$351
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$9,674,452
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$23,000
Other income not declared elsewhere2016-12-31$-195,682
Administrative expenses (other) incurred2016-12-31$0
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$8,184,498
Value of net assets at end of year (total assets less liabilities)2016-12-31$113,524,274
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$84,200,184
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2016-12-31$0
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2016-12-31$0
Investment advisory and management fees2016-12-31$12,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$59,873,953
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$46,836,661
Value of interest in pooled separate accounts at end of year2016-12-31$24,929,866
Value of interest in pooled separate accounts at beginning of year2016-12-31$11,040,793
Interest on participant loans2016-12-31$59,870
Income. Interest from loans (other than to participants)2016-12-31$0
Interest earned on other investments2016-12-31$206,074
Income. Interest from US Government securities2016-12-31$0
Income. Interest from corporate debt instruments2016-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$17,971,011
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$11,136,390
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$2,588,241
Net investment gain/loss from pooled separate accounts2016-12-31$1,870,107
Net investment gain or loss from common/collective trusts2016-12-31$0
Net gain/loss from 103.12 investment entities2016-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$18,909,136
Assets. Invements in employer securities at beginning of year2016-12-31$13,676,874
Contributions received in cash from employer2016-12-31$2,874,844
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$56,039
Income. Dividends from preferred stock2016-12-31$0
Income. Dividends from common stock2016-12-31$236,767
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$14,586,135
Contract administrator fees2016-12-31$29,107
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$3,415,632
Aggregate carrying amount (costs) on sale of assets2016-12-31$3,030,361
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BUCHBINDER TUNICK & COMPANY LLP
Accountancy firm EIN2016-12-31131578842
2015 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2015 401k financial data
Unrealized appreciation/depreciation of real estate assets2015-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$1,767,957
Total unrealized appreciation/depreciation of assets2015-12-31$1,767,957
Total transfer of assets to this plan2015-12-31$36,059,746
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$23,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$21,000
Expenses. Interest paid2015-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022015-12-31$0
Total income from all sources (including contributions)2015-12-31$19,048,287
Total loss/gain on sale of assets2015-12-31$-70,157
Total of all expenses incurred2015-12-31$14,006,582
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$13,810,646
Expenses. Certain deemed distributions of participant loans2015-12-31$100,191
Value of total corrective distributions2015-12-31$10,425
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$17,495,845
Value of total assets at end of year2015-12-31$84,223,184
Value of total assets at beginning of year2015-12-31$43,119,733
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$85,320
Total income from rents2015-12-31$0
Total interest from all sources2015-12-31$232,413
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$991,599
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$750,049
Administrative expenses professional fees incurred2015-12-31$23,000
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$20,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Amount of non-exempt transactions with any party-in-interest2015-12-31$0
Contributions received from participants2015-12-31$5,561,384
Participant contributions at end of year2015-12-31$1,315,857
Participant contributions at beginning of year2015-12-31$705,774
Participant contributions at end of year2015-12-31$160,570
Participant contributions at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$10,215,594
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2015-12-31$119
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$23,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$21,000
Other income not declared elsewhere2015-12-31$0
Administrative expenses (other) incurred2015-12-31$9,772
Liabilities. Value of operating payables at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Income. Non cash contributions2015-12-31$0
Value of net income/loss2015-12-31$5,041,705
Value of net assets at end of year (total assets less liabilities)2015-12-31$84,200,184
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$43,098,733
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2015-12-31$0
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2015-12-31$0
Investment advisory and management fees2015-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$46,836,661
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$23,259,532
Value of interest in pooled separate accounts at end of year2015-12-31$11,040,793
Value of interest in pooled separate accounts at beginning of year2015-12-31$5,957,141
Interest on participant loans2015-12-31$57,196
Income. Interest from loans (other than to participants)2015-12-31$0
Interest earned on other investments2015-12-31$175,217
Income. Interest from US Government securities2015-12-31$0
Income. Interest from corporate debt instruments2015-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$11,136,390
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$4,783,563
Expenses. Payments to insurance carriers foe the provision of benefits2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-1,405,629
Net investment gain/loss from pooled separate accounts2015-12-31$36,259
Net investment gain or loss from common/collective trusts2015-12-31$0
Net gain/loss from 103.12 investment entities2015-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$13,676,874
Assets. Invements in employer securities at beginning of year2015-12-31$8,419,825
Contributions received in cash from employer2015-12-31$1,718,867
Employer contributions (assets) at end of year2015-12-31$56,039
Employer contributions (assets) at beginning of year2015-12-31$-6,102
Income. Dividends from preferred stock2015-12-31$0
Income. Dividends from common stock2015-12-31$241,550
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$13,810,527
Contract administrator fees2015-12-31$52,548
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$3,554,536
Aggregate carrying amount (costs) on sale of assets2015-12-31$3,624,693
Liabilities. Value of acquisition indebtedness at beginning of year2015-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31BUCHBINDER TUNICK & COMPANY LLC
Accountancy firm EIN2015-12-31131578842
2014 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets2014-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$646,983
Total unrealized appreciation/depreciation of assets2014-12-31$646,983
Total transfer of assets to this plan2014-12-31$24,504
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$21,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$20,100
Expenses. Interest paid2014-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-12-31$0
Total income from all sources (including contributions)2014-12-31$7,135,171
Total loss/gain on sale of assets2014-12-31$-94,503
Total of all expenses incurred2014-12-31$7,108,369
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$7,066,578
Expenses. Certain deemed distributions of participant loans2014-12-31$0
Value of total corrective distributions2014-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$3,972,402
Value of total assets at end of year2014-12-31$43,119,733
Value of total assets at beginning of year2014-12-31$43,067,527
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$41,791
Total income from rents2014-12-31$0
Total interest from all sources2014-12-31$132,642
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$576,878
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$399,923
Administrative expenses professional fees incurred2014-12-31$16,143
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$20,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Amount of non-exempt transactions with any party-in-interest2014-12-31$0
Contributions received from participants2014-12-31$2,772,776
Participant contributions at end of year2014-12-31$705,774
Participant contributions at beginning of year2014-12-31$623,368
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$37,877
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$264,507
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2014-12-31$7,011
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$21,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$20,100
Other income not declared elsewhere2014-12-31$32
Administrative expenses (other) incurred2014-12-31$0
Liabilities. Value of operating payables at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Income. Non cash contributions2014-12-31$0
Value of net income/loss2014-12-31$26,802
Value of net assets at end of year (total assets less liabilities)2014-12-31$43,098,733
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$43,047,427
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2014-12-31$0
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2014-12-31$0
Investment advisory and management fees2014-12-31$11,250
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$23,259,532
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$22,248,753
Value of interest in pooled separate accounts at end of year2014-12-31$5,957,141
Value of interest in pooled separate accounts at beginning of year2014-12-31$5,770,986
Interest on participant loans2014-12-31$26,462
Income. Interest from loans (other than to participants)2014-12-31$0
Interest earned on other investments2014-12-31$106,180
Income. Interest from US Government securities2014-12-31$0
Income. Interest from corporate debt instruments2014-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$4,783,563
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$5,698,513
Expenses. Payments to insurance carriers foe the provision of benefits2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$1,294,412
Net investment gain/loss from pooled separate accounts2014-12-31$606,325
Net investment gain or loss from common/collective trusts2014-12-31$0
Net gain/loss from 103.12 investment entities2014-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$8,419,825
Assets. Invements in employer securities at beginning of year2014-12-31$8,673,803
Contributions received in cash from employer2014-12-31$935,119
Employer contributions (assets) at end of year2014-12-31$-6,102
Employer contributions (assets) at beginning of year2014-12-31$14,227
Income. Dividends from preferred stock2014-12-31$0
Income. Dividends from common stock2014-12-31$176,955
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$7,059,567
Contract administrator fees2014-12-31$14,398
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$1,578,212
Aggregate carrying amount (costs) on sale of assets2014-12-31$1,672,715
Liabilities. Value of acquisition indebtedness at beginning of year2014-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31CROWE HORWATH LLP
Accountancy firm EIN2014-12-31350921680
2013 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$2,592,263
Total unrealized appreciation/depreciation of assets2013-12-31$2,592,263
Total transfer of assets to this plan2013-12-31$26,694
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$20,100
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$19,500
Expenses. Interest paid2013-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$0
Total income from all sources (including contributions)2013-12-31$11,734,619
Total loss/gain on sale of assets2013-12-31$301,529
Total of all expenses incurred2013-12-31$4,934,273
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$4,890,293
Expenses. Certain deemed distributions of participant loans2013-12-31$-3,000
Value of total corrective distributions2013-12-31$3,096
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$3,891,872
Value of total assets at end of year2013-12-31$43,067,527
Value of total assets at beginning of year2013-12-31$36,239,887
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$43,884
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$146,049
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$557,312
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$381,623
Administrative expenses professional fees incurred2013-12-31$19,500
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$20,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Amount of non-exempt transactions with any party-in-interest2013-12-31$0
Contributions received from participants2013-12-31$2,707,711
Participant contributions at end of year2013-12-31$623,368
Participant contributions at beginning of year2013-12-31$640,279
Participant contributions at end of year2013-12-31$37,877
Participant contributions at beginning of year2013-12-31$910
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$283,200
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$20,100
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$19,500
Other income not declared elsewhere2013-12-31$3
Administrative expenses (other) incurred2013-12-31$599
Liabilities. Value of operating payables at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Income. Non cash contributions2013-12-31$0
Value of net income/loss2013-12-31$6,800,346
Value of net assets at end of year (total assets less liabilities)2013-12-31$43,047,427
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$36,220,387
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2013-12-31$0
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2013-12-31$0
Investment advisory and management fees2013-12-31$16,865
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$22,248,753
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$23,305,811
Value of interest in pooled separate accounts at end of year2013-12-31$5,770,986
Value of interest in pooled separate accounts at beginning of year2013-12-31$0
Interest on participant loans2013-12-31$27,836
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$118,213
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$5,698,513
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$5,324,876
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$3,792,671
Net investment gain/loss from pooled separate accounts2013-12-31$452,920
Net investment gain or loss from common/collective trusts2013-12-31$0
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$8,673,803
Assets. Invements in employer securities at beginning of year2013-12-31$6,968,004
Contributions received in cash from employer2013-12-31$900,961
Employer contributions (assets) at end of year2013-12-31$14,227
Employer contributions (assets) at beginning of year2013-12-31$7
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$175,689
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$4,890,293
Contract administrator fees2013-12-31$6,920
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$1,703,651
Aggregate carrying amount (costs) on sale of assets2013-12-31$1,402,122
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31CROWE HORWATCH LLP
Accountancy firm EIN2013-12-31350921680
2012 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$1,882,034
Total unrealized appreciation/depreciation of assets2012-12-31$1,882,034
Total transfer of assets to this plan2012-12-31$305,998
Total transfer of assets from this plan2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$19,500
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$19,000
Expenses. Interest paid2012-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$0
Total income from all sources (including contributions)2012-12-31$8,956,350
Total loss/gain on sale of assets2012-12-31$182,389
Total of all expenses incurred2012-12-31$4,463,139
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$4,395,999
Expenses. Certain deemed distributions of participant loans2012-12-31$9,535
Value of total corrective distributions2012-12-31$8,601
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,689,044
Value of total assets at end of year2012-12-31$36,239,887
Value of total assets at beginning of year2012-12-31$31,440,178
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$49,004
Total income from rents2012-12-31$0
Total interest from all sources2012-12-31$151,602
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$566,158
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$384,241
Administrative expenses professional fees incurred2012-12-31$6,122
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$20,000,000
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
Amount of non-exempt transactions with any party-in-interest2012-12-31$0
Contributions received from participants2012-12-31$2,543,222
Participant contributions at end of year2012-12-31$640,279
Participant contributions at beginning of year2012-12-31$814,525
Participant contributions at end of year2012-12-31$910
Participant contributions at beginning of year2012-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$265,787
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$16
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$19,500
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$19,000
Other income not declared elsewhere2012-12-31$0
Administrative expenses (other) incurred2012-12-31$0
Liabilities. Value of operating payables at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Income. Non cash contributions2012-12-31$0
Value of net income/loss2012-12-31$4,493,211
Value of net assets at end of year (total assets less liabilities)2012-12-31$36,220,387
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$31,421,178
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2012-12-31$0
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2012-12-31$0
Investment advisory and management fees2012-12-31$11,246
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$23,305,811
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$20,405,065
Interest on participant loans2012-12-31$32,794
Income. Interest from loans (other than to participants)2012-12-31$0
Interest earned on other investments2012-12-31$118,808
Income. Interest from US Government securities2012-12-31$0
Income. Interest from corporate debt instruments2012-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$5,324,876
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$5,055,336
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$2,485,123
Net investment gain/loss from pooled separate accounts2012-12-31$0
Net investment gain or loss from common/collective trusts2012-12-31$0
Net gain/loss from 103.12 investment entities2012-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
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
Assets. Invements in employer securities at end of year2012-12-31$6,968,004
Assets. Invements in employer securities at beginning of year2012-12-31$5,162,110
Contributions received in cash from employer2012-12-31$880,035
Employer contributions (assets) at end of year2012-12-31$7
Employer contributions (assets) at beginning of year2012-12-31$3,142
Income. Dividends from preferred stock2012-12-31$0
Income. Dividends from common stock2012-12-31$181,917
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$4,395,983
Contract administrator fees2012-12-31$31,636
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$0
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
Aggregate proceeds on sale of assets2012-12-31$802,128
Aggregate carrying amount (costs) on sale of assets2012-12-31$619,739
Liabilities. Value of acquisition indebtedness at beginning of year2012-12-31$0
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 name2012-12-31CROWE HORWATH LLP
Accountancy firm EIN2012-12-31350921680
2011 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-2,647,660
Total unrealized appreciation/depreciation of assets2011-12-31$-2,647,660
Total transfer of assets to this plan2011-12-31$18,372
Total transfer of assets from this plan2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$19,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$36,500
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,508,558
Total loss/gain on sale of assets2011-12-31$-439,771
Total of all expenses incurred2011-12-31$3,559,890
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$3,506,300
Expenses. Certain deemed distributions of participant loans2011-12-31$3,000
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$4,562,385
Value of total assets at end of year2011-12-31$31,440,178
Value of total assets at beginning of year2011-12-31$33,490,638
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$50,590
Total income from rents2011-12-31$0
Total interest from all sources2011-12-31$161,778
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$514,816
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$319,647
Administrative expenses professional fees incurred2011-12-31$19,000
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$20,000,000
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
Amount of non-exempt transactions with any party-in-interest2011-12-31$0
Contributions received from participants2011-12-31$2,448,495
Participant contributions at end of year2011-12-31$814,525
Participant contributions at beginning of year2011-12-31$729,913
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$22
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$317,131
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$5,625
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$19,000
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$36,500
Other income not declared elsewhere2011-12-31$34
Administrative expenses (other) incurred2011-12-31$0
Liabilities. Value of operating payables at beginning of year2011-12-31$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
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$-2,051,332
Value of net assets at end of year (total assets less liabilities)2011-12-31$31,421,178
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$33,454,138
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2011-12-31$0
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2011-12-31$0
Investment advisory and management fees2011-12-31$23,372
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$20,405,065
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$20,016,912
Interest on participant loans2011-12-31$35,615
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$126,163
Income. Interest from US Government securities2011-12-31$0
Income. Interest from corporate debt instruments2011-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$5,055,336
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$4,187,936
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-643,024
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$0
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
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$5,162,110
Assets. Invements in employer securities at beginning of year2011-12-31$8,544,796
Contributions received in cash from employer2011-12-31$1,796,759
Employer contributions (assets) at end of year2011-12-31$3,142
Employer contributions (assets) at beginning of year2011-12-31$5,434
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$195,169
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$3,506,300
Contract administrator fees2011-12-31$8,218
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
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
Aggregate proceeds on sale of assets2011-12-31$1,200,522
Aggregate carrying amount (costs) on sale of assets2011-12-31$1,640,293
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$0
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 name2011-12-31BERARD & DONAHUE
Accountancy firm EIN2011-12-31133774222
2010 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$1,605,965
Total unrealized appreciation/depreciation of assets2010-12-31$1,605,965
Total transfer of assets to this plan2010-12-31$9,188
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$36,500
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$23,125
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$9,157,657
Total loss/gain on sale of assets2010-12-31$12,173
Total of all expenses incurred2010-12-31$3,034,318
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,983,160
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$4,690,678
Value of total assets at end of year2010-12-31$33,490,638
Value of total assets at beginning of year2010-12-31$27,344,736
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$51,158
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$161,252
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$483,585
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$270,996
Administrative expenses professional fees incurred2010-12-31$19,000
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$20,000,000
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
Amount of non-exempt transactions with any party-in-interest2010-12-31$0
Contributions received from participants2010-12-31$2,505,981
Participant contributions at end of year2010-12-31$729,913
Participant contributions at beginning of year2010-12-31$585,648
Participant contributions at end of year2010-12-31$22
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$348,088
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$5,625
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$36,500
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$23,125
Other income not declared elsewhere2010-12-31$0
Administrative expenses (other) incurred2010-12-31$1,575
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$6,123,339
Value of net assets at end of year (total assets less liabilities)2010-12-31$33,454,138
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$27,321,611
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
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2010-12-31$0
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2010-12-31$0
Investment advisory and management fees2010-12-31$22,455
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$20,016,912
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$15,147,655
Interest on participant loans2010-12-31$35,208
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$126,044
Income. Interest from US Government securities2010-12-31$0
Income. Interest from corporate debt instruments2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$15,810
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$15,810
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$4,187,936
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$3,920,732
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$2,204,004
Net investment gain/loss from pooled separate accounts2010-12-31$0
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$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$8,544,796
Assets. Invements in employer securities at beginning of year2010-12-31$7,674,891
Contributions received in cash from employer2010-12-31$1,836,609
Employer contributions (assets) at end of year2010-12-31$5,434
Employer contributions (assets) at beginning of year2010-12-31$0
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$212,589
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,983,160
Contract administrator fees2010-12-31$8,128
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
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
Aggregate proceeds on sale of assets2010-12-31$1,647,651
Aggregate carrying amount (costs) on sale of assets2010-12-31$1,635,478
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
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 name2010-12-31BERARD & DONAHUE, PC
Accountancy firm EIN2010-12-31133774222
2009 : STERLING NATIONAL BANK 401(K) AND PROFIT SHARING 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 STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN

2021: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
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: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
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
2010: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: STERLING NATIONAL BANK 401(K) AND PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
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

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 1
Insurance contract or identification number454551
Number of Individuals Covered2541
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 1
Insurance contract or identification number454551
Number of Individuals Covered2580
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 3
Insurance contract or identification number613953
Number of Individuals Covered2799
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 2
Insurance contract or identification number454551
Number of Individuals Covered2799
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered2799
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number613953
Policy instance 3
Insurance contract or identification number613953
Number of Individuals Covered2799
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered2799
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 2
Insurance contract or identification number454551
Number of Individuals Covered2799
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 2
Insurance contract or identification number454551
Number of Individuals Covered1520
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered1520
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 2
Insurance contract or identification number454551
Number of Individuals Covered1235
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered1235
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 2
Insurance contract or identification number454551
Number of Individuals Covered843
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered843
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number454551
Policy instance 2
Insurance contract or identification number454551
Number of Individuals Covered691
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered691
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered697
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered678
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number441462
Policy instance 1
Insurance contract or identification number441462
Number of Individuals Covered662
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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