BERKSHIRE BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST
| Measure | Date | Value |
|---|
| 2012 : RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2012 401k financial data |
|---|
| Total income from all sources | 2012-09-30 | $1,101,434 |
| Expenses. Total of all expenses incurred | 2012-09-30 | $568,091 |
| Benefits paid (including direct rollovers) | 2012-09-30 | $483,647 |
| Total plan assets at end of year | 2012-09-30 | $4,824,575 |
| Total plan assets at beginning of year | 2012-09-30 | $4,291,232 |
| Value of fidelity bond covering the plan | 2012-09-30 | $4,500,000 |
| Other income received | 2012-09-30 | $719,698 |
| Net income (gross income less expenses) | 2012-09-30 | $533,343 |
| Net plan assets at end of year (total assets less liabilities) | 2012-09-30 | $4,824,575 |
| Net plan assets at beginning of year (total assets less liabilities) | 2012-09-30 | $4,291,232 |
| Total contributions received or receivable from employer(s) | 2012-09-30 | $381,736 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2012-09-30 | $84,444 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-09-30 | $0 |
| 2011 : RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2011 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2011-09-30 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-09-30 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-09-30 | $0 |
| Total income from all sources (including contributions) | 2011-09-30 | $221,422 |
| Total loss/gain on sale of assets | 2011-09-30 | $0 |
| Total of all expenses incurred | 2011-09-30 | $1,096,414 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-09-30 | $1,005,131 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-09-30 | $191,947 |
| Value of total assets at end of year | 2011-09-30 | $4,291,232 |
| Value of total assets at beginning of year | 2011-09-30 | $5,166,224 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-09-30 | $91,283 |
| Total interest from all sources | 2011-09-30 | $11,757 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-09-30 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-09-30 | No |
| Administrative expenses professional fees incurred | 2011-09-30 | $42,691 |
| Was this plan covered by a fidelity bond | 2011-09-30 | Yes |
| Value of fidelity bond cover | 2011-09-30 | $4,500,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-09-30 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-09-30 | No |
| Administrative expenses (other) incurred | 2011-09-30 | $7,674 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-09-30 | No |
| Value of net income/loss | 2011-09-30 | $-874,992 |
| Value of net assets at end of year (total assets less liabilities) | 2011-09-30 | $4,291,232 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-09-30 | $5,166,224 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-09-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-09-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-09-30 | No |
| Investment advisory and management fees | 2011-09-30 | $11,422 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-09-30 | $798,370 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-09-30 | $1,015,025 |
| Value of interest in common/collective trusts at end of year | 2011-09-30 | $3,306,418 |
| Value of interest in common/collective trusts at beginning of year | 2011-09-30 | $4,151,199 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-09-30 | $11,757 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-09-30 | $2,865 |
| Net investment gain or loss from common/collective trusts | 2011-09-30 | $14,853 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-09-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2011-09-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-09-30 | No |
| Assets. Invements in employer securities at end of year | 2011-09-30 | $0 |
| Contributions received in cash from employer | 2011-09-30 | $191,947 |
| Employer contributions (assets) at end of year | 2011-09-30 | $186,444 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-09-30 | $1,005,131 |
| Contract administrator fees | 2011-09-30 | $29,496 |
| Did the plan have assets held for investment | 2011-09-30 | 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 | 2011-09-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-09-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-09-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-09-30 | Unqualified |
| Accountancy firm name | 2011-09-30 | D'ARCANGELO & CO., LLP |
| Accountancy firm EIN | 2011-09-30 | 132550103 |
| 2010 : RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2010 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $2,704,120 |
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $2,704,120 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $1,861,903 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $2,075,502 |
| Expenses. Interest paid | 2010-12-31 | $113,992 |
| Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2010-12-31 | $113,992 |
| Total income from all sources (including contributions) | 2010-12-31 | $3,193,471 |
| Total loss/gain on sale of assets | 2010-12-31 | $20,467 |
| Total of all expenses incurred | 2010-12-31 | $256,799 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $142,730 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $227,338 |
| Value of total assets at end of year | 2010-12-31 | $8,292,343 |
| Value of total assets at beginning of year | 2010-12-31 | $5,569,194 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $77 |
| Total interest from all sources | 2010-12-31 | $126 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $241,420 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $4,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Administrative expenses (other) incurred | 2010-12-31 | $77 |
| Total non interest bearing cash at end of year | 2010-12-31 | $7 |
| Total non interest bearing cash at beginning of year | 2010-12-31 | $99 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $2,936,672 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $6,430,440 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $3,493,692 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $227,300 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $234,645 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $234,645 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $126 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Assets. Invements in employer securities at end of year | 2010-12-31 | $8,065,036 |
| Assets. Invements in employer securities at beginning of year | 2010-12-31 | $5,334,450 |
| Contributions received in cash from employer | 2010-12-31 | $227,338 |
| Income. Dividends from common stock | 2010-12-31 | $241,420 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $142,730 |
| Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $77 |
| Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Aggregate proceeds on sale of assets | 2010-12-31 | $471,747 |
| Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $451,280 |
| Liabilities. Value of acquisition indebtedness at end of year | 2010-12-31 | $1,861,903 |
| Liabilities. Value of acquisition indebtedness at beginning of year | 2010-12-31 | $2,075,425 |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
| Accountancy firm name | 2010-12-31 | D'ARCANGELO & CO., LLP |
| Accountancy firm EIN | 2010-12-31 | 132550103 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-09-30 | $0 |
