401k Plan data: BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN plan

BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	003

BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Stock bonus Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP. Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: BENEFICIAL BANK

Employer identification number (EIN): 230400690

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2008-01-01 CECILE C. COLONNA CECILE C. COLONNA 2011-05-25

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2008-01-01	CECILE C. COLONNA		CECILE C. COLONNA	2011-05-25

Plan Statistics for BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2008: BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2008 401k membership
Total participants, beginning-of-year 2008-01-01 662
Total number of active participants reported on line 7a of the Form 5500 2008-01-01 0
Number of retired or separated participants receiving benefits 2008-01-01 0
Number of other retired or separated participants entitled to future benefits 2008-01-01 0
Total of all active and inactive participants 2008-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2008-01-01 0
Total participants 2008-01-01 0
Number of participants with account balances 2008-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2008-01-01 0

Measure	Date	Value
2008: BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2008 401k membership
Total participants, beginning-of-year	2008-01-01	662
Total number of active participants reported on line 7a of the Form 5500	2008-01-01	0
Number of retired or separated participants receiving benefits	2008-01-01	0
Number of other retired or separated participants entitled to future benefits	2008-01-01	0
Total of all active and inactive participants	2008-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2008-01-01	0
Total participants	2008-01-01	0
Number of participants with account balances	2008-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2008-01-01	0

Financial Data on BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2008 : BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2008 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2008-06-30	$4,353,442
Total unrealized appreciation/depreciation of assets	2008-06-30	$4,353,442
Total transfer of assets from this plan	2008-06-30	$4,170,109
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2008-06-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2008-06-30	$30,282,391
Expenses. Interest paid	2008-06-30	$1,245,726
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2008-06-30	$1,245,726
Total income from all sources (including contributions)	2008-06-30	$4,353,442
Total loss/gain on sale of assets	2008-06-30	$0
Total of all expenses incurred	2008-06-30	$1,245,726
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2008-06-30	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2008-06-30	$0
Value of total assets at end of year	2008-06-30	$0
Value of total assets at beginning of year	2008-06-30	$31,344,784
Total of administrative expenses incurred including professional, contract, advisory and management fees	2008-06-30	$0
Total interest from all sources	2008-06-30	$0
Total dividends received (eg from common stock, registered investment company shares)	2008-06-30	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2008-06-30	No
Was this plan covered by a fidelity bond	2008-06-30	Yes
Value of fidelity bond cover	2008-06-30	$10,000,000
If this is an individual account plan, was there a blackout period	2008-06-30	No
Were there any nonexempt tranactions with any party-in-interest	2008-06-30	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2008-06-30	No
Value of net income/loss	2008-06-30	$3,107,716
Value of net assets at end of year (total assets less liabilities)	2008-06-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2008-06-30	$1,062,393
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2008-06-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2008-06-30	No
Were any leases to which the plan was party in default or uncollectible	2008-06-30	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2008-06-30	No
Was there a failure to transmit to the plan any participant contributions	2008-06-30	No
Has the plan failed to provide any benefit when due under the plan	2008-06-30	No
Assets. Invements in employer securities at beginning of year	2008-06-30	$31,344,784
Did the plan have assets held for investment	2008-06-30	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2008-06-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2008-06-30	Yes
Liabilities. Value of acquisition indebtedness at beginning of year	2008-06-30	$30,282,391
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2008-06-30	Yes
Opinion of an independent qualified public accountant for this plan	2008-06-30	Disclaimer
Accountancy firm name	2008-06-30	PARENTEBEARD LLC
Accountancy firm EIN	2008-06-30	232932984

Form 5500 Responses for BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN

2008: BENEFICIAL MUTUAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2008 form 5500 responses
2008-01-01	Type of plan entity	Single employer plan
2008-01-01	Submission has been amended	Yes
2008-01-01	This submission is the final filing	Yes
2008-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2008-01-01	Plan is a collectively bargained plan	No
2008-01-01	Plan funding arrangement – Trust	Yes
2008-01-01	Plan benefit arrangement - Trust	Yes

Was this data useful?

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

Information Disclaimer

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

See full terms and conditions

Company Name:	BENEFICIAL BANK
Employer identification number (EIN):	230400690
NAIC Classification:	522120
NAIC Description:	Savings Institutions