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BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 401k Plan overview

Plan NameBETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT
Plan identification number 002

BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • The employer maintaining this ESOP is an S Corporation
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BETTER BANKS has sponsored the creation of one or more 401k plans.

Company Name:BETTER BANKS
Employer identification number (EIN):370253320
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022015-01-01STEVE E. BACKLUND LINDA J. DUKEY2016-05-06
0022014-01-01
0022013-01-01
0022012-01-01STEVE E. BACKLUND LINDA J. DUKEY2013-07-12
0022011-01-01STEVE E. BACKLUND LINDA J. DUKEY2012-07-13
0022009-01-01STEVE E BACKLUND RODNEY J WHITE2010-07-22
0022009-01-01STEVE E BACKLUND RODNEY J WHITE2010-07-22

Plan Statistics for BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT

401k plan membership statisitcs for BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT

Measure Date Value
2015: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2015 401k membership
Total participants, beginning-of-year2015-01-0197
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2014 401k membership
Total participants, beginning-of-year2014-01-0192
Total number of active participants reported on line 7a of the Form 55002014-01-0175
Number of retired or separated participants receiving benefits2014-01-019
Number of other retired or separated participants entitled to future benefits2014-01-0112
Total of all active and inactive participants2014-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-0197
Number of participants with account balances2014-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2013 401k membership
Total participants, beginning-of-year2013-01-0188
Total number of active participants reported on line 7a of the Form 55002013-01-0166
Number of retired or separated participants receiving benefits2013-01-0112
Number of other retired or separated participants entitled to future benefits2013-01-015
Total of all active and inactive participants2013-01-0183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-0184
Number of participants with account balances2013-01-0184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-013
2012: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2012 401k membership
Total participants, beginning-of-year2012-01-0182
Total number of active participants reported on line 7a of the Form 55002012-01-0164
Number of retired or separated participants receiving benefits2012-01-018
Number of other retired or separated participants entitled to future benefits2012-01-016
Total of all active and inactive participants2012-01-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-012
Total participants2012-01-0180
Number of participants with account balances2012-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2011 401k membership
Total participants, beginning-of-year2011-01-0184
Total number of active participants reported on line 7a of the Form 55002011-01-0157
Number of retired or separated participants receiving benefits2011-01-0112
Number of other retired or separated participants entitled to future benefits2011-01-016
Total of all active and inactive participants2011-01-0175
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-012
Total participants2011-01-0177
Number of participants with account balances2011-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2009 401k membership
Total participants, beginning-of-year2009-01-0179
Total number of active participants reported on line 7a of the Form 55002009-01-0160
Number of retired or separated participants receiving benefits2009-01-017
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0177
Total participants2009-01-0177
Number of participants with account balances2009-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT

Measure Date Value
2015 : BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2015 401k financial data
Transfers to/from the plan2015-07-31$-18,272,026
Total income from all sources2015-07-31$636,912
Expenses. Total of all expenses incurred2015-07-31$817,366
Benefits paid (including direct rollovers)2015-07-31$816,367
Total plan assets at end of year2015-07-31$0
Total plan assets at beginning of year2015-07-31$18,452,480
Value of fidelity bond covering the plan2015-07-31$5,000,000
Expenses. Other expenses not covered elsewhere2015-07-31$999
Other income received2015-07-31$636,912
Net income (gross income less expenses)2015-07-31$-180,454
Net plan assets at end of year (total assets less liabilities)2015-07-31$0
Net plan assets at beginning of year (total assets less liabilities)2015-07-31$18,452,480
Assets. Value of employer real property2015-07-31$0
Total contributions received or receivable from employer(s)2015-07-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-07-31$0
2014 : BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2014 401k financial data
Total plan liabilities at beginning of year2014-12-31$22,234
Total income from all sources2014-12-31$1,613,525
Expenses. Total of all expenses incurred2014-12-31$493,919
Benefits paid (including direct rollovers)2014-12-31$488,918
Total plan assets at end of year2014-12-31$18,452,480
Total plan assets at beginning of year2014-12-31$17,355,108
Value of fidelity bond covering the plan2014-12-31$5,000,000
Total contributions received or receivable from participants2014-12-31$195,888
Expenses. Other expenses not covered elsewhere2014-12-31$5,001
Other income received2014-12-31$1,317,593
Noncash contributions received2014-12-31$94,417
Net income (gross income less expenses)2014-12-31$1,119,606
Net plan assets at end of year (total assets less liabilities)2014-12-31$18,452,480
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$17,332,874
Assets. Value of employer securities2014-12-31$3,483,222
Total contributions received or receivable from employer(s)2014-12-31$5,627
2013 : BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2013 401k financial data
Total plan liabilities at end of year2013-12-31$22,234
Total income from all sources2013-12-31$2,583,392
Expenses. Total of all expenses incurred2013-12-31$2,645,030
Benefits paid (including direct rollovers)2013-12-31$2,642,615
Total plan assets at end of year2013-12-31$17,355,108
Total plan assets at beginning of year2013-12-31$17,394,512
Value of fidelity bond covering the plan2013-12-31$5,000,000
Total contributions received or receivable from participants2013-12-31$220,519
Expenses. Other expenses not covered elsewhere2013-12-31$2,415
Other income received2013-12-31$2,248,118
Noncash contributions received2013-12-31$111,932
Net income (gross income less expenses)2013-12-31$-61,638
Net plan assets at end of year (total assets less liabilities)2013-12-31$17,332,874
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$17,394,512
Assets. Value of employer securities2013-12-31$3,015,909
Total contributions received or receivable from employer(s)2013-12-31$2,823
2012 : BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2012 401k financial data
Transfers to/from the plan2012-12-31$1,314,645
Total income from all sources2012-12-31$1,798,212
Expenses. Total of all expenses incurred2012-12-31$1,108,281
Benefits paid (including direct rollovers)2012-12-31$1,106,822
Total plan assets at end of year2012-12-31$17,394,512
Total plan assets at beginning of year2012-12-31$15,389,936
Value of fidelity bond covering the plan2012-12-31$5,000,000
Total contributions received or receivable from participants2012-12-31$206,615
Expenses. Other expenses not covered elsewhere2012-12-31$1,459
Other income received2012-12-31$1,454,320
Noncash contributions received2012-12-31$131,463
Net income (gross income less expenses)2012-12-31$689,931
Net plan assets at end of year (total assets less liabilities)2012-12-31$17,394,512
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$15,389,936
Assets. Value of employer securities2012-12-31$3,524,142
Total contributions received or receivable from employer(s)2012-12-31$5,814
2011 : BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2011 401k financial data
Total income from all sources2011-12-31$195,554
Expenses. Total of all expenses incurred2011-12-31$930,851
Benefits paid (including direct rollovers)2011-12-31$928,497
Total plan assets at end of year2011-12-31$15,389,936
Total plan assets at beginning of year2011-12-31$16,125,233
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$173,764
Expenses. Other expenses not covered elsewhere2011-12-31$0
Other income received2011-12-31$-96,001
Noncash contributions received2011-12-31$111,050
Net income (gross income less expenses)2011-12-31$-735,297
Net plan assets at end of year (total assets less liabilities)2011-12-31$15,389,936
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$16,125,233
Assets. Value of employer securities2011-12-31$3,470,788
Total contributions received or receivable from employer(s)2011-12-31$6,741
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$2,354
2010 : BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2010 401k financial data
Total income from all sources2010-12-31$1,607,542
Expenses. Total of all expenses incurred2010-12-31$1,009,840
Benefits paid (including direct rollovers)2010-12-31$1,008,122
Total plan assets at end of year2010-12-31$16,125,233
Total plan assets at beginning of year2010-12-31$15,527,531
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$165,241
Expenses. Other expenses not covered elsewhere2010-12-31$1,718
Other income received2010-12-31$1,325,099
Noncash contributions received2010-12-31$117,073
Net income (gross income less expenses)2010-12-31$597,702
Net plan assets at end of year (total assets less liabilities)2010-12-31$16,125,233
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$15,527,531
Assets. Value of employer securities2010-12-31$3,578,157
Total contributions received or receivable from employer(s)2010-12-31$129
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT

2015: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
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 – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: BETTER BANKS EMPLOYEE PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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