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THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 401k Plan overview

Plan NameTHE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK
Plan identification number 001

THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:NORTHWAY BANK
Employer identification number (EIN):020108854
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01JENNIFER FITZPATRICK JENNIFER FITZPATRICK2017-06-15
0012015-01-01JENNIFER FITZPATRICK JENNIFER FITZPATRICK2016-10-14
0012014-01-01JENNIFER JOHN
0012013-01-01JENNIFER JOHN
0012012-01-01JENNIFER JOHN JENNIFER JOHN2013-10-08
0012011-01-01JENNIFER JOHN
0012009-01-01JENNIFER JOHN

Plan Statistics for THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK

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

Measure Date Value
2016: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2016 401k membership
Market value of plan assets2016-11-2215,669,013
Acturial value of plan assets2016-11-2215,921,164
Funding target for retired participants and beneficiaries receiving payment2016-11-224,924,298
Number of terminated vested participants2016-11-2244
Fundng target for terminated vested participants2016-11-221,302,174
Active participant vested funding target2016-11-225,011,981
Number of active participants2016-11-22155
Total funding liabilities for active participants2016-11-225,342,591
Total participant count2016-11-22296
Total funding target for all participants2016-11-2211,569,063
Balance at beginning of prior year after applicable adjustments2016-11-22285,867
Prefunding balance at beginning of prior year after applicable adjustments2016-11-221,342,136
Carryover balanced portion elected for use to offset prior years funding requirement2016-11-220
Prefunding balanced used to offset prior years funding requirement2016-11-220
Amount remaining of carryover balance2016-11-22285,867
Amount remaining of prefunding balance2016-11-221,342,136
Present value of excess contributions2016-11-22942,038
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-11-221,001,857
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-11-220
Reductions in caryover balances due to elections or deemed elections2016-11-220
Reductions in prefunding balances due to elections or deemed elections2016-11-220
Balance of carryovers at beginning of current year2016-11-22289,440
Balance of prefunding at beginning of current year2016-11-221,358,913
Total employer contributions2016-11-224,000
Total employee contributions2016-11-220
Contributions allocated toward unpaid minimum require contributions from prior years2016-11-220
Contributions made to avoid restrictions adjusted to valuation date2016-11-220
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-11-223,809
Unpaid minimum required contributions for all prior years2016-11-220
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-11-220
Remaining amount of unpaid minimum required contributions2016-11-220
Minimum required contributions for current year target normal cost2016-11-2235,000
Net shortfall amortization installment of oustanding balance2016-11-220
Waiver amortization installment2016-11-220
Total funding amount beforereflecting carryover/prefunding balances2016-11-220
Carryover balance elected to use to offset funding requirement2016-11-220
Prefunding balance elected to use to offset funding requirement2016-11-220
Additional cash requirement2016-11-220
Contributions allocatedtoward minimum required contributions for current year2016-11-223,809
Unpaid minimum required contributions for current year2016-11-220
Unpaid minimum required contributions for all years2016-11-220
Total participants, beginning-of-year2016-01-01296
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2015 401k membership
Total participants, beginning-of-year2015-01-01306
Total number of active participants reported on line 7a of the Form 55002015-01-01155
Number of retired or separated participants receiving benefits2015-01-0188
Number of other retired or separated participants entitled to future benefits2015-01-0144
Total of all active and inactive participants2015-01-01287
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-019
Total participants2015-01-01296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0124
2014: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2014 401k membership
Total participants, beginning-of-year2014-01-01383
Total number of active participants reported on line 7a of the Form 55002014-01-01174
Number of retired or separated participants receiving benefits2014-01-0182
Number of other retired or separated participants entitled to future benefits2014-01-0140
Total of all active and inactive participants2014-01-01296
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0110
Total participants2014-01-01306
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0117
2013: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2013 401k membership
Total participants, beginning-of-year2013-01-01371
Total number of active participants reported on line 7a of the Form 55002013-01-01173
Number of retired or separated participants receiving benefits2013-01-0175
Number of other retired or separated participants entitled to future benefits2013-01-01128
Total of all active and inactive participants2013-01-01376
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-017
Total participants2013-01-01383
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0111
2012: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2012 401k membership
Total participants, beginning-of-year2012-01-01361
Total number of active participants reported on line 7a of the Form 55002012-01-01181
Number of retired or separated participants receiving benefits2012-01-0171
Number of other retired or separated participants entitled to future benefits2012-01-01113
Total of all active and inactive participants2012-01-01365
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-016
Total participants2012-01-01371
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0112
2011: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2011 401k membership
Total participants, beginning-of-year2011-01-01361
Total number of active participants reported on line 7a of the Form 55002011-01-01177
Number of retired or separated participants receiving benefits2011-01-0164
Number of other retired or separated participants entitled to future benefits2011-01-01114
Total of all active and inactive participants2011-01-01355
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-016
Total participants2011-01-01361
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0114
2009: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2009 401k membership
Total participants, beginning-of-year2009-01-01346
Total number of active participants reported on line 7a of the Form 55002009-01-01180
Number of retired or separated participants receiving benefits2009-01-0155
Number of other retired or separated participants entitled to future benefits2009-01-01107
Total of all active and inactive participants2009-01-01342
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-015
Total participants2009-01-01347
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-019

Financial Data on THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK

Measure Date Value
2016 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-11-22$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-11-22$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-11-22$0
Total income from all sources (including contributions)2016-11-22$982,190
Total loss/gain on sale of assets2016-11-22$0
Total of all expenses incurred2016-11-22$16,651,203
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-11-22$16,611,363
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-11-22$4,000
Value of total assets at end of year2016-11-22$0
Value of total assets at beginning of year2016-11-22$15,669,013
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-11-22$39,840
Total interest from all sources2016-11-22$0
Total dividends received (eg from common stock, registered investment company shares)2016-11-22$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-11-22Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-11-22$0
Was this plan covered by a fidelity bond2016-11-22Yes
Value of fidelity bond cover2016-11-22$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-11-22$0
Were there any nonexempt tranactions with any party-in-interest2016-11-22No
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-11-22$9,154,500
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-11-22No
Value of net income/loss2016-11-22$-15,669,013
Value of net assets at end of year (total assets less liabilities)2016-11-22$0
Value of net assets at beginning of year (total assets less liabilities)2016-11-22$15,669,013
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-11-22No
Were any loans by the plan or fixed income obligations due to the plan in default2016-11-22No
Were any leases to which the plan was party in default or uncollectible2016-11-22No
Investment advisory and management fees2016-11-22$39,840
Value of interest in common/collective trusts at end of year2016-11-22$0
Value of interest in common/collective trusts at beginning of year2016-11-22$15,669,013
Net investment gain or loss from common/collective trusts2016-11-22$978,190
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-11-22Yes
Was there a failure to transmit to the plan any participant contributions2016-11-22No
Has the plan failed to provide any benefit when due under the plan2016-11-22No
Contributions received in cash from employer2016-11-22$4,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-11-22$7,456,863
Did the plan have assets held for investment2016-11-22Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-11-22No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-11-22Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-11-22Yes
Opinion of an independent qualified public accountant for this plan2016-11-22Disclaimer
Accountancy firm name2016-11-22BAKER NEWMAN & NOYES, LLC
Accountancy firm EIN2016-11-22010494526
2015 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,185,094
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$499,733
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$463,483
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,000,000
Value of total assets at end of year2015-12-31$15,669,013
Value of total assets at beginning of year2015-12-31$14,983,652
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$36,250
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
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
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
Value of net income/loss2015-12-31$685,361
Value of net assets at end of year (total assets less liabilities)2015-12-31$15,669,013
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$14,983,652
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
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$36,250
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$14,983,652
Value of interest in common/collective trusts at end of year2015-12-31$15,669,013
Net investment gain or loss from common/collective trusts2015-12-31$185,094
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
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
Contributions received in cash from employer2015-12-31$1,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$463,483
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BAKER NEWMAN & NOYES, LLC
Accountancy firm EIN2015-12-31010494526
2014 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$2,661,189
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,824,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,788,184
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,000,000
Value of total assets at end of year2014-12-31$14,983,652
Value of total assets at beginning of year2014-12-31$14,147,301
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$36,654
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
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
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
Value of net income/loss2014-12-31$836,351
Value of net assets at end of year (total assets less liabilities)2014-12-31$14,983,652
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$14,147,301
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
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$36,654
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$14,983,652
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$14,147,301
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$1,661,189
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$1,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,788,184
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31SHATSWELL, MACLEOD, & COMPANY
Accountancy firm EIN2014-12-31043238170
2013 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,761,272
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$415,612
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$377,889
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,000,000
Value of total assets at end of year2013-12-31$14,147,301
Value of total assets at beginning of year2013-12-31$12,801,641
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$37,723
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
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
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
Value of net income/loss2013-12-31$1,345,660
Value of net assets at end of year (total assets less liabilities)2013-12-31$14,147,301
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$12,801,641
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
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$37,723
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$14,147,301
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$12,801,641
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$761,272
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
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
Contributions received in cash from employer2013-12-31$1,000,000
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$377,889
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31SHATSWELL, MACLEOD, & COMPANY
Accountancy firm EIN2013-12-31043238170
2012 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$1,977,635
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$346,344
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$313,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$700,000
Value of total assets at end of year2012-12-31$12,801,641
Value of total assets at beginning of year2012-12-31$11,170,350
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$32,675
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
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
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,631,291
Value of net assets at end of year (total assets less liabilities)2012-12-31$12,801,641
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$11,170,350
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$32,675
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$12,801,641
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$10,570,350
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,277,635
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
Contributions received in cash from employer2012-12-31$700,000
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$600,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$313,669
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31SHATSWELL, MACLEOD, & COMPANY
Accountancy firm EIN2012-12-31043238170
2011 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,457,837
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$320,590
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$293,174
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$600,000
Value of total assets at end of year2011-12-31$11,170,350
Value of total assets at beginning of year2011-12-31$10,033,103
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$27,416
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
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
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,137,247
Value of net assets at end of year (total assets less liabilities)2011-12-31$11,170,350
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$10,033,103
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$27,416
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$10,570,350
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$7,733,103
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
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$857,837
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
Contributions received in cash from employer2011-12-31$600,000
Employer contributions (assets) at end of year2011-12-31$600,000
Employer contributions (assets) at beginning of year2011-12-31$2,300,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$293,174
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31SHATSWELL, MACLEOD, & COMPANY
Accountancy firm EIN2011-12-31043238170
2010 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$3,630,266
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$257,239
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$239,146
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,579,477
Value of total assets at end of year2010-12-31$10,033,103
Value of total assets at beginning of year2010-12-31$6,660,076
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$18,093
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
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
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$3,373,027
Value of net assets at end of year (total assets less liabilities)2010-12-31$10,033,103
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,660,076
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$18,093
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$7,733,103
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,760,076
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$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,050,789
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
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
Contributions received in cash from employer2010-12-31$2,579,477
Employer contributions (assets) at end of year2010-12-31$2,300,000
Employer contributions (assets) at beginning of year2010-12-31$900,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$239,146
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31SHATSWELL, MACLEOD, & COMPANY
Accountancy firm EIN2010-12-31043238170
2009 : THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 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 THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK

2016: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 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 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 – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 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: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 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: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 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: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 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: THE RETIREMENT PLAN FOR EMPLOYEES OF NORTHWAY BANK 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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