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Plan Name | RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST |
Plan identification number | 001 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | BERKSHIRE BANK |
Employer identification number (EIN): | 043312097 |
NAIC Classification: | 522120 |
NAIC Description: | Savings Institutions |
Additional information about BERKSHIRE BANK
Jurisdiction of Incorporation: | Vermont Secretary of State Corporations Division |
Incorporation Date: | 2007-10-31 |
Company Identification Number: | 84332 |
Legal Registered Office Address: |
17 G W Tatro Dr Jeffersonville United States of America (USA) 05464 |
More information about BERKSHIRE BANK
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2011-10-01 | SUZANNE CHOULJIAN | LINDA HANKEY | 2013-04-29 | |
001 | 2010-01-01 | LINDA HANKEY | LINDA HANKEY | 2011-07-25 | |
001 | 2009-10-01 | LINDA HANKEY | LINDA HANKEY | 2011-07-13 |
Measure | Date | Value |
---|---|---|
2011: RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2011 401k membership | ||
Total participants, beginning-of-year | 2011-10-01 | 92 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-10-01 | 15 |
Number of retired or separated participants receiving benefits | 2011-10-01 | 25 |
Number of other retired or separated participants entitled to future benefits | 2011-10-01 | 46 |
Total of all active and inactive participants | 2011-10-01 | 86 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-10-01 | 4 |
Total participants | 2011-10-01 | 90 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-10-01 | 0 |
2010: RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2010 401k membership | ||
Total participants, beginning-of-year | 2010-01-01 | 128 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 84 |
Number of retired or separated participants receiving benefits | 2010-01-01 | 5 |
Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 39 |
Total of all active and inactive participants | 2010-01-01 | 128 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 0 |
Total participants | 2010-01-01 | 128 |
Number of participants with account balances | 2010-01-01 | 128 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-01-01 | 8 |
2009: RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2009 401k membership | ||
Total participants, beginning-of-year | 2009-10-01 | 107 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-10-01 | 48 |
Number of retired or separated participants receiving benefits | 2009-10-01 | 23 |
Number of other retired or separated participants entitled to future benefits | 2009-10-01 | 27 |
Total of all active and inactive participants | 2009-10-01 | 98 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-10-01 | 4 |
Total participants | 2009-10-01 | 102 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-10-01 | 1 |
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 |
2011: RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2011 form 5500 responses | ||
---|---|---|
2011-10-01 | Type of plan entity | Single employer plan |
2011-10-01 | Submission has been amended | No |
2011-10-01 | This submission is the final filing | No |
2011-10-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2011-10-01 | Plan is a collectively bargained plan | No |
2011-10-01 | Plan funding arrangement – Trust | Yes |
2011-10-01 | Plan benefit arrangement - Trust | Yes |
2010: RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2010 form 5500 responses | ||
2010-01-01 | Type of plan entity | Single employer plan |
2010-01-01 | Submission has been amended | No |
2010-01-01 | This submission is the final filing | No |
2010-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2010-01-01 | Plan is a collectively bargained plan | No |
2010-01-01 | Plan funding arrangement – Trust | Yes |
2010-01-01 | Plan benefit arrangement - Trust | Yes |
2009: RETIREMENT PLAN OF ROME SAVINGS BANK IN RSI RETIREMENT TRUST 2009 form 5500 responses | ||
2009-10-01 | Type of plan entity | Single employer plan |
2009-10-01 | Submission has been amended | No |
2009-10-01 | This submission is the final filing | No |
2009-10-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2009-10-01 | Plan is a collectively bargained plan | No |
2009-10-01 | Plan funding arrangement – Trust | Yes |
2009-10-01 | Plan benefit arrangement - Trust | Yes |