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NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined 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).
  • The employer maintaining this ESOP is an S Corporation

401k Sponsoring company profile

FDIC AS RECEIVER FOR NEW HORIZONS BANK has sponsored the creation of one or more 401k plans.

Company Name:FDIC AS RECEIVER FOR NEW HORIZONS BANK
Employer identification number (EIN):134273563
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01MICHAEL SHEA MICHAEL SHEA2012-10-17
0022011-01-01MICHAEL SHEA MICHAEL SHEA2012-07-17
0022009-01-01KAREN SLEP

Plan Statistics for NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN

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

Measure Date Value
2012: NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0116
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0122
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0116
Total of all active and inactive participants2011-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0116
Number of participants with account balances2011-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0124
Total number of active participants reported on line 7a of the Form 55002009-01-0122
Total of all active and inactive participants2009-01-0122
Total participants2009-01-0122
Number of participants with account balances2009-01-0122

Financial Data on NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2012 : NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Transfers to/from the plan2012-08-22$0
Total plan liabilities at end of year2012-08-22$0
Total plan liabilities at beginning of year2012-08-22$0
Total income from all sources2012-08-22$28
Expenses. Total of all expenses incurred2012-08-22$44,498
Benefits paid (including direct rollovers)2012-08-22$43,698
Total plan assets at end of year2012-08-22$0
Total plan assets at beginning of year2012-08-22$44,470
Value of fidelity bond covering the plan2012-08-22$0
Total contributions received or receivable from participants2012-08-22$0
Expenses. Other expenses not covered elsewhere2012-08-22$800
Contributions received from other sources (not participants or employers)2012-08-22$0
Other income received2012-08-22$28
Noncash contributions received2012-08-22$0
Net income (gross income less expenses)2012-08-22$-44,470
Net plan assets at end of year (total assets less liabilities)2012-08-22$0
Net plan assets at beginning of year (total assets less liabilities)2012-08-22$44,470
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2012-08-22$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2012-08-22$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022012-08-22$0
Total contributions received or receivable from employer(s)2012-08-22$0
Value of certain deemed distributions of participant loans2012-08-22$0
Value of corrective distributions2012-08-22$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-08-22$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-08-22$0
2011 : NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Transfers to/from the plan2011-12-31$0
Total plan liabilities at end of year2011-12-31$0
Total plan liabilities at beginning of year2011-12-31$0
Total income from all sources2011-12-31$10,545
Expenses. Total of all expenses incurred2011-12-31$0
Benefits paid (including direct rollovers)2011-12-31$0
Total plan assets at end of year2011-12-31$44,470
Total plan assets at beginning of year2011-12-31$33,925
Value of fidelity bond covering the plan2011-12-31$0
Total contributions received or receivable from participants2011-12-31$0
Expenses. Other expenses not covered elsewhere2011-12-31$0
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$36
Noncash contributions received2011-12-31$0
Net income (gross income less expenses)2011-12-31$10,545
Net plan assets at end of year (total assets less liabilities)2011-12-31$44,470
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$33,925
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2011-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2011-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022011-12-31$0
Assets. Value of employer securities2011-12-31$0
Total contributions received or receivable from employer(s)2011-12-31$10,509
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$19,525
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$33,925
Total plan assets at beginning of year2010-12-31$14,400
Value of fidelity bond covering the plan2010-12-31$0
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$-14,400
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$19,525
Net plan assets at end of year (total assets less liabilities)2010-12-31$33,925
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$14,400
Value of loans by the plan or fixed income obligations due to the plan which were in default or classified as uncollectible at the close of the plan year2010-12-31$0
Value of leases to which the plan was a party in default or classified as uncollectible during the plan year2010-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022010-12-31$0
Assets. Value of employer securities2010-12-31$0
Total contributions received or receivable from employer(s)2010-12-31$33,925
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0

Form 5500 Responses for NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN

2012: NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: NEW HORIZONS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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