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BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameBLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 003

BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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 requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

ROCKLAND TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name:ROCKLAND TRUST COMPANY
Employer identification number (EIN):041466100
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032020-01-01MARIA HARRIS2021-01-15 MARIA HARRIS2021-01-15
0032019-01-01MARIA HARRIS2020-10-15 MARIA HARRIS2020-10-15
0032018-01-01MARIA HARRIS2019-10-03 MARIA HARRIS2019-10-03
0032017-01-01
0032016-01-01
0032015-01-01CHERYL HAYNES
0032014-01-01KATHERINE PETERSON

Plan Statistics for BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0157
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01261
Total number of active participants reported on line 7a of the Form 55002019-01-0128
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0129
Total of all active and inactive participants2019-01-0157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0157
Number of participants with account balances2019-01-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01244
Total number of active participants reported on line 7a of the Form 55002018-01-01205
Number of retired or separated participants receiving benefits2018-01-012
Number of other retired or separated participants entitled to future benefits2018-01-0153
Total of all active and inactive participants2018-01-01260
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01261
Number of participants with account balances2018-01-01261
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-017
2017: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01206
Total number of active participants reported on line 7a of the Form 55002017-01-01190
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-0144
Total of all active and inactive participants2017-01-01236
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01237
Number of participants with account balances2017-01-01235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2016: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01184
Total number of active participants reported on line 7a of the Form 55002016-01-01168
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-0133
Total of all active and inactive participants2016-01-01202
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01202
Number of participants with account balances2016-01-01202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-019
2015: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01148
Total number of active participants reported on line 7a of the Form 55002015-01-01158
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0124
Total of all active and inactive participants2015-01-01182
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01182
Number of participants with account balances2015-01-01182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-015
2014: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-010
Total number of active participants reported on line 7a of the Form 55002014-01-01147
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-011
Total of all active and inactive participants2014-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01148
Number of participants with account balances2014-01-01148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020 : BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-03-24$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-24$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-24$12,458
Total income from all sources (including contributions)2020-03-24$-205,636
Total loss/gain on sale of assets2020-03-24$-223,018
Total of all expenses incurred2020-03-24$3,088,669
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-03-24$3,088,351
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-03-24$0
Value of total assets at end of year2020-03-24$0
Value of total assets at beginning of year2020-03-24$3,306,763
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-03-24$318
Total interest from all sources2020-03-24$1,435
Total dividends received (eg from common stock, registered investment company shares)2020-03-24$15,947
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-03-24Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-03-24$0
Was this plan covered by a fidelity bond2020-03-24Yes
Value of fidelity bond cover2020-03-24$1,000,000
If this is an individual account plan, was there a blackout period2020-03-24No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-03-24$317,610
Were there any nonexempt tranactions with any party-in-interest2020-03-24No
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-03-24$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-03-24$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-24No
Value of net income/loss2020-03-24$-3,294,305
Value of net assets at end of year (total assets less liabilities)2020-03-24$0
Value of net assets at beginning of year (total assets less liabilities)2020-03-24$3,294,305
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-03-24No
Were any loans by the plan or fixed income obligations due to the plan in default2020-03-24No
Were any leases to which the plan was party in default or uncollectible2020-03-24No
Investment advisory and management fees2020-03-24$318
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-03-24$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-03-24$289,450
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-03-24$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-03-24$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-03-24$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-03-24$1,435
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-03-24Yes
Was there a failure to transmit to the plan any participant contributions2020-03-24No
Has the plan failed to provide any benefit when due under the plan2020-03-24No
Assets. Invements in employer securities at end of year2020-03-24$0
Assets. Invements in employer securities at beginning of year2020-03-24$3,017,313
Income. Dividends from common stock2020-03-24$15,947
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-03-24$3,088,351
Liabilities. Value of benefit claims payable at end of year2020-03-24$0
Liabilities. Value of benefit claims payable at beginning of year2020-03-24$12,458
Did the plan have assets held for investment2020-03-24No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-24No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-03-24Yes
Aggregate proceeds on sale of assets2020-03-24$-223,018
Liabilities. Value of acquisition indebtedness at end of year2020-03-24$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-03-24$0
Opinion of an independent qualified public accountant for this plan2020-03-24Unqualified
Accountancy firm name2020-03-24WOLF AND COMPANY P.C.
Accountancy firm EIN2020-03-24042689883
2019 : BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$587,813
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$587,813
Total unrealized appreciation/depreciation of assets2019-12-31$587,813
Total unrealized appreciation/depreciation of assets2019-12-31$587,813
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$12,458
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$12,458
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$20,101,063
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$20,101,063
Expenses. Interest paid2019-12-31$336,712
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$336,712
Expenses. Interest paid2019-12-31$336,712
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$336,712
Total income from all sources (including contributions)2019-12-31$8,475,893
Total income from all sources (including contributions)2019-12-31$8,475,893
Total loss/gain on sale of assets2019-12-31$7,069,329
Total loss/gain on sale of assets2019-12-31$7,069,329
Total of all expenses incurred2019-12-31$34,460,642
Total of all expenses incurred2019-12-31$34,460,642
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$34,098,775
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$34,098,775
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$3,306,763
Value of total assets at end of year2019-12-31$3,306,763
Value of total assets at beginning of year2019-12-31$49,380,117
Value of total assets at beginning of year2019-12-31$49,380,117
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$25,155
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$25,155
Total interest from all sources2019-12-31$16,142
Total interest from all sources2019-12-31$16,142
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$804,992
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$804,992
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$2,655
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$2,655
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
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$31,089,987
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-25,984,749
Value of net income/loss2019-12-31$-25,984,749
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,294,305
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,294,305
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$29,279,054
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$29,279,054
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
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
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$25,155
Investment advisory and management fees2019-12-31$25,155
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$289,450
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$289,450
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,038,125
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,038,125
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$16,142
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$16,142
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$-2,383
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$-2,383
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
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$3,017,313
Assets. Invements in employer securities at end of year2019-12-31$3,017,313
Assets. Invements in employer securities at beginning of year2019-12-31$48,341,992
Assets. Invements in employer securities at beginning of year2019-12-31$48,341,992
Income. Dividends from common stock2019-12-31$802,337
Income. Dividends from common stock2019-12-31$802,337
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$34,098,775
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$34,098,775
Liabilities. Value of benefit claims payable at end of year2019-12-31$12,458
Liabilities. Value of benefit claims payable at end of year2019-12-31$12,458
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
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 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
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
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$7,069,329
Aggregate proceeds on sale of assets2019-12-31$7,069,329
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$20,101,063
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$20,101,063
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31WOLF AND COMPANY P.C.
Accountancy firm name2019-12-31WOLF AND COMPANY P.C.
Accountancy firm EIN2019-12-31042689883
Accountancy firm EIN2019-12-31042689883
2018 : BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$2,809,000
Total unrealized appreciation/depreciation of assets2018-12-31$2,809,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$20,101,063
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$20,532,688
Expenses. Interest paid2018-12-31$923,971
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$923,971
Total income from all sources (including contributions)2018-12-31$5,090,386
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,046,432
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$86,247
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,849
Value of total assets at end of year2018-12-31$49,380,117
Value of total assets at beginning of year2018-12-31$45,767,788
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$36,214
Total interest from all sources2018-12-31$5,122
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$2,270,898
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$3,120
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
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$4,148
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$9
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
Value of net income/loss2018-12-31$4,043,954
Value of net assets at end of year (total assets less liabilities)2018-12-31$29,279,054
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$25,235,100
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
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$36,214
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$1,038,125
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$151,305
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$107
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$107
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$5,122
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-483
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 contributions2018-12-31No
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$48,341,992
Assets. Invements in employer securities at beginning of year2018-12-31$45,616,367
Contributions received in cash from employer2018-12-31$5,849
Income. Dividends from common stock2018-12-31$2,267,778
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$86,247
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
Liabilities. Value of acquisition indebtedness at end of year2018-12-31$20,101,063
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$20,532,688
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31WOLF AND COMPANY P.C.
Accountancy firm EIN2018-12-31042689883
2017 : BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$3,071,430
Total unrealized appreciation/depreciation of assets2017-12-31$3,071,430
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$20,532,688
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$20,995,286
Expenses. Interest paid2017-12-31$787,323
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$787,323
Total income from all sources (including contributions)2017-12-31$4,454,418
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$906,353
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$114,157
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$18,143
Value of total assets at end of year2017-12-31$45,767,788
Value of total assets at beginning of year2017-12-31$42,682,321
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$4,873
Total interest from all sources2017-12-31$974
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,364,566
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$1,699
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$8,000,000
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$5,663
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$9
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$4,093
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
Value of net income/loss2017-12-31$3,548,065
Value of net assets at end of year (total assets less liabilities)2017-12-31$25,235,100
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$21,687,035
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
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$4,873
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$151,305
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$107
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$19,465
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$19,465
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$974
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$-695
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 contributions2017-12-31No
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$45,616,367
Assets. Invements in employer securities at beginning of year2017-12-31$42,658,763
Contributions received in cash from employer2017-12-31$18,143
Income. Dividends from common stock2017-12-31$1,362,867
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$114,157
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
Liabilities. Value of acquisition indebtedness at end of year2017-12-31$20,532,688
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$20,995,286
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31WOLF AND COMPANY P.C.
Accountancy firm EIN2017-12-31042689883
2016 : BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$7,831,753
Total unrealized appreciation/depreciation of assets2016-12-31$7,831,753
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$20,995,286
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$21,458,854
Expenses. Interest paid2016-12-31$751,060
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$751,060
Total income from all sources (including contributions)2016-12-31$9,067,052
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$780,011
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$28,951
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$984,733
Value of total assets at end of year2016-12-31$42,682,321
Value of total assets at beginning of year2016-12-31$34,858,848
Total interest from all sources2016-12-31$200
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$250,366
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$8,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$24,432
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$4,093
Other income not declared elsewhere2016-12-31$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
Value of net income/loss2016-12-31$8,287,041
Value of net assets at end of year (total assets less liabilities)2016-12-31$21,687,035
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$13,399,994
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
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$19,465
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$3,000
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$3,000
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$200
Net investment gain or loss from common/collective trusts2016-12-31$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$42,658,763
Assets. Invements in employer securities at beginning of year2016-12-31$34,855,848
Contributions received in cash from employer2016-12-31$984,733
Income. Dividends from common stock2016-12-31$250,366
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$28,951
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$0
Aggregate carrying amount (costs) on sale of assets2016-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2016-12-31$20,995,286
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$21,458,854
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31WOLF AND COMPANY P.C.
Accountancy firm EIN2016-12-31042689883
2015 : BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$3,939,807
Total unrealized appreciation/depreciation of assets2015-12-31$3,939,807
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$21,458,854
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$21,925,132
Expenses. Interest paid2015-12-31$712,567
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$712,567
Total income from all sources (including contributions)2015-12-31$5,121,675
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$722,894
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$10,327
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,090,769
Value of total assets at end of year2015-12-31$34,858,848
Value of total assets at beginning of year2015-12-31$30,926,345
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$19
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$91,080
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$2,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
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$4,398,781
Value of net assets at end of year (total assets less liabilities)2015-12-31$13,399,994
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$9,001,213
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
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$3,000
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$19
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$34,855,848
Assets. Invements in employer securities at beginning of year2015-12-31$30,926,345
Contributions received in cash from employer2015-12-31$1,090,769
Income. Dividends from common stock2015-12-31$91,080
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$10,327
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
Liabilities. Value of acquisition indebtedness at end of year2015-12-31$21,458,854
Liabilities. Value of acquisition indebtedness at beginning of year2015-12-31$21,925,132
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 name2015-12-31WOLF AND COMPANY P.C.
Accountancy firm EIN2015-12-31042689883
2014 : BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$21,925,132
Total income from all sources2014-12-31$9,331,740
Expenses. Total of all expenses incurred2014-12-31$330,527
Total plan assets at end of year2014-12-31$30,926,345
Total plan assets at beginning of year2014-12-31$0
Value of fidelity bond covering the plan2014-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$330,527
Other income received2014-12-31$8,152,895
Net income (gross income less expenses)2014-12-31$9,001,213
Net plan assets at end of year (total assets less liabilities)2014-12-31$9,001,213
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$30,926,345
Total contributions received or receivable from employer(s)2014-12-31$1,178,845

Form 5500 Responses for BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN

2020: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingYes
2020-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
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 – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
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 – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
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 – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 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 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 – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 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: BLUE HILLS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
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

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