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THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN
Plan identification number 002

THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Money purchase (other than target benefit)
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE FIRST NATIONAL BANK OF GROTON has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST NATIONAL BANK OF GROTON
Employer identification number (EIN):150328960
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ANDREW GOBEL2024-07-01
0022022-01-01ANDREW GOBEL2023-07-25
0022021-01-01ANDREW GOBEL2022-06-16
0022020-01-01ANDREW GOBEL2021-06-18
0022019-01-01ANDREW GOBEL2020-07-06
0022018-01-01ALAN CHRISTOPHER2019-06-11
0022017-01-01ALAN CHRISTOPHER2018-06-06
0022016-01-01ALAN CHRISTOPHER2017-05-05
0022015-01-01ALAN CHRISTOPHER2016-07-13
0022014-01-01ALAN CHRISTOPHER2015-06-15
0022013-01-01ALAN CHRISTOPHER2014-06-04
0022012-01-01STEVE GOBEL ALAN CHRISTOPHER2013-08-01
0022011-01-01STEVE GOBEL ALAN CHRISTOPHER2012-07-18
0022009-01-01STEPHEN GOBEL ALAN CHRISTOPHER2010-08-24
0022009-01-01STEVE GOBEL ALAN CHRISTOPHER2010-08-26
0022009-01-01STEPHEN GOBEL ALAN CHRISTOPHER2010-08-24
0022009-01-01STEPHEN GOBEL ALAN CHRISTOPHER2010-08-24
0022009-01-01STEVE GOBEL
0022009-01-01ALAN CHRISTOPHER STEVE GOBEL2010-08-24
0022009-01-01STEPHEN GOBEL ALAN CHRISTOPHER2010-08-24

Financial Data on THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-03559775
Net assets as of the end of the plan year2025-07-0311657548
Total assets as of the beginning of the plan year2025-07-0310454383
Value of plan covered by a fidelity bond2025-07-033000000
Participant contributions to plan in this plan year2025-07-03121751
Other expenses paid from plan in this plan year2025-07-039225
Other income to plan in this plan year2025-07-031458406
Plan net income in this plan year2025-07-031203165
Net assets as of the end of the plan year2025-07-0311657548
Net assets as of the beginning of the plan year2025-07-0310454383
Employer contributions to plan in this plan year2025-07-03182783
2024 : THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-01331891
Net assets as of the end of the plan year2024-07-0110454383
Total assets as of the beginning of the plan year2024-07-019033063
Value of plan covered by a fidelity bond2024-07-013000000
Participant contributions to plan in this plan year2024-07-01139016
Other expenses paid from plan in this plan year2024-07-017643
Other income to plan in this plan year2024-07-011437364
Plan net income in this plan year2024-07-011421320
Net assets as of the end of the plan year2024-07-0110454383
Net assets as of the beginning of the plan year2024-07-019033063
Employer contributions to plan in this plan year2024-07-01176831
2012 : THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2012 401k financial data
Total income from all sources2012-12-31$670,978
Expenses. Total of all expenses incurred2012-12-31$345,207
Benefits paid (including direct rollovers)2012-12-31$315,872
Total plan assets at end of year2012-12-31$4,494,294
Total plan assets at beginning of year2012-12-31$4,168,523
Value of fidelity bond covering the plan2012-12-31$1,000,000
Total contributions received or receivable from participants2012-12-31$35,254
Expenses. Other expenses not covered elsewhere2012-12-31$182
Other income received2012-12-31$483,612
Net income (gross income less expenses)2012-12-31$325,771
Net plan assets at end of year (total assets less liabilities)2012-12-31$4,494,294
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$4,168,523
Total contributions received or receivable from employer(s)2012-12-31$152,112
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$29,153
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$152,112
Amount contributed by the employer to the plan for this plan year2012-12-31$152,112
2011 : THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2011 401k financial data
Total income from all sources2011-12-31$401,120
Expenses. Total of all expenses incurred2011-12-31$36,188
Benefits paid (including direct rollovers)2011-12-31$10,291
Total plan assets at end of year2011-12-31$4,168,523
Total plan assets at beginning of year2011-12-31$3,803,591
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$47,676
Expenses. Other expenses not covered elsewhere2011-12-31$88
Other income received2011-12-31$200,462
Net income (gross income less expenses)2011-12-31$364,932
Net plan assets at end of year (total assets less liabilities)2011-12-31$4,168,523
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$3,803,591
Total contributions received or receivable from employer(s)2011-12-31$152,982
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$25,809
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$152,982
Amount contributed by the employer to the plan for this plan year2011-12-31$152,982
2010 : THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2010 401k financial data
Total income from all sources2010-12-31$777,257
Expenses. Total of all expenses incurred2010-12-31$46,478
Benefits paid (including direct rollovers)2010-12-31$22,399
Total plan assets at end of year2010-12-31$3,803,591
Total plan assets at beginning of year2010-12-31$3,072,812
Value of fidelity bond covering the plan2010-12-31$1,000,000
Total contributions received or receivable from participants2010-12-31$42,421
Expenses. Other expenses not covered elsewhere2010-12-31$23,642
Other income received2010-12-31$464,232
Net income (gross income less expenses)2010-12-31$730,779
Net plan assets at end of year (total assets less liabilities)2010-12-31$3,803,591
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$3,072,812
Total contributions received or receivable from employer(s)2010-12-31$270,604
Value of corrective distributions2010-12-31$437
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$270,604
Amount contributed by the employer to the plan for this plan year2010-12-31$270,604
2009 : THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$155
Amount contributed by the employer to the plan for this plan year2009-12-31$155

Form 5500 Responses for THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN

2012: THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
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: THE FIRST NATIONAL BANK OF GROTON RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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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