401k Plan data: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN plan

NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	003

NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Stock bonus ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP). Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)). 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

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

Company Name: UNITED BANK

Employer identification number (EIN): 041858810

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2014-01-01 CRAIG W. HURTY
003 2013-01-01 ANNE MCCONNELL
003 2012-01-01 MIRIAM SIEGEL

Plan id#	Filing Submission Date	Name of Administrator
003	2014-01-01	CRAIG W. HURTY
003	2013-01-01	ANNE MCCONNELL
003	2012-01-01	MIRIAM SIEGEL

Plan Statistics for NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2014: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 146
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 0
Number of participants with account balances 2014-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 163
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 96
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 50
Total of all active and inactive participants 2013-01-01 146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 146
Number of participants with account balances 2013-01-01 146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 129
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 118
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 45
Total of all active and inactive participants 2012-01-01 163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 163
Number of participants with account balances 2012-01-01 142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2014: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	146
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	0
Number of participants with account balances	2014-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	163
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	96
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	50
Total of all active and inactive participants	2013-01-01	146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	146
Number of participants with account balances	2013-01-01	146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	129
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	118
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	45
Total of all active and inactive participants	2012-01-01	163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	163
Number of participants with account balances	2012-01-01	142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on 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

Form 5500 Responses for NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN

2014: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	Yes
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: NEW ENGLAND BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	UNITED BANK
Employer identification number (EIN):	041858810
NAIC Classification:	522120
NAIC Description:	Savings Institutions