UNITED BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN
| Measure | Date | Value |
|---|
| 2014 : NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-19 | $-960,111 |
| Total unrealized appreciation/depreciation of assets | 2014-12-19 | $-960,111 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-19 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-19 | $0 |
| Total income from all sources (including contributions) | 2014-12-19 | $-718,925 |
| Total loss/gain on sale of assets | 2014-12-19 | $176,113 |
| Total of all expenses incurred | 2014-12-19 | $3,641,547 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-19 | $3,640,179 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-19 | $217 |
| Value of total assets at end of year | 2014-12-19 | $0 |
| Value of total assets at beginning of year | 2014-12-19 | $4,360,472 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-19 | $1,368 |
| Total interest from all sources | 2014-12-19 | $106 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-19 | $64,750 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-19 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2014-12-19 | $0 |
| Was this plan covered by a fidelity bond | 2014-12-19 | Yes |
| Value of fidelity bond cover | 2014-12-19 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-19 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-19 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-19 | No |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-19 | $217 |
| Administrative expenses (other) incurred | 2014-12-19 | $700 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-19 | No |
| Value of net income/loss | 2014-12-19 | $-4,360,472 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-19 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-19 | $4,360,472 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-19 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-19 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-19 | No |
| Investment advisory and management fees | 2014-12-19 | $668 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-19 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-19 | $200,044 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-19 | $200,044 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-12-19 | $106 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-19 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-19 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-19 | No |
| Income. Dividends from common stock | 2014-12-19 | $64,750 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-19 | $3,640,179 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2014-12-19 | $0 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2014-12-19 | $4,160,428 |
| Did the plan have assets held for investment | 2014-12-19 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-19 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-19 | Yes |
| Aggregate proceeds on sale of assets | 2014-12-19 | $2,982,555 |
| Aggregate carrying amount (costs) on sale of assets | 2014-12-19 | $2,806,442 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-19 | No |
| Opinion of an independent qualified public accountant for this plan | 2014-12-19 | Unqualified |
| Accountancy firm name | 2014-12-19 | SHATSWELL MCLEOD & COMPANY |
| Accountancy firm EIN | 2014-12-19 | 043238170 |
| 2013 : NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $698,177 |
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $698,177 |
| 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 | $793,016 |
| Total loss/gain on sale of assets | 2013-12-31 | $0 |
| Total of all expenses incurred | 2013-12-31 | $413 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $413 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $0 |
| Value of total assets at end of year | 2013-12-31 | $4,360,472 |
| Value of total assets at beginning of year | 2013-12-31 | $3,567,869 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $0 |
| Total interest from all sources | 2013-12-31 | $133 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $94,706 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2013-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Value of net income/loss | 2013-12-31 | $792,603 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $4,360,472 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $3,567,869 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $200,044 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $105,618 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $105,618 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-12-31 | $133 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Income. Dividends from common stock | 2013-12-31 | $94,706 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $413 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2013-12-31 | $4,160,428 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2013-12-31 | $3,462,251 |
| Did the plan have assets held for investment | 2013-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
| Accountancy firm name | 2013-12-31 | SHATSWELL MCLEOD & COMPANY |
| Accountancy firm EIN | 2013-12-31 | 043238170 |
| 2012 : NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $1,664,302 |
| Total unrealized appreciation/depreciation of assets | 2012-12-31 | $1,664,302 |
| 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 | $1,770,305 |
| Expenses. Interest paid | 2012-12-31 | $112,875 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2012-12-31 | $112,875 |
| Total income from all sources (including contributions) | 2012-12-31 | $1,697,401 |
| Total loss/gain on sale of assets | 2012-12-31 | $-14 |
| Total of all expenses incurred | 2012-12-31 | $278,025 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $165,150 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $0 |
| Value of total assets at end of year | 2012-12-31 | $3,567,869 |
| Value of total assets at beginning of year | 2012-12-31 | $3,918,798 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $0 |
| Total interest from all sources | 2012-12-31 | $144 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $32,969 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2012-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2012-12-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-12-31 | $1,770,305 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Value of net income/loss | 2012-12-31 | $1,419,376 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $3,567,869 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $2,148,493 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $105,618 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $78,289 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $78,289 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $144 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Income. Dividends from common stock | 2012-12-31 | $32,969 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $165,150 |
| Assets. Corporate common stocks other than exployer securities at end of year | 2012-12-31 | $3,462,251 |
| Assets. Corporate common stocks other than exployer securities at beginning of year | 2012-12-31 | $3,840,509 |
| Did the plan have assets held for investment | 2012-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Aggregate proceeds on sale of assets | 2012-12-31 | $276 |
| Aggregate carrying amount (costs) on sale of assets | 2012-12-31 | $290 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
| Accountancy firm name | 2012-12-31 | SHATSWELL MCLEOD & COMPANY |
| Accountancy firm EIN | 2012-12-31 | 043238170 |
