401k Plan data: THE RETIREMENT PLAN OF BANKNEWPORT plan

THE RETIREMENT PLAN OF BANKNEWPORT 401k Plan overview

Plan Name	THE RETIREMENT PLAN OF BANKNEWPORT
Plan identification number	001

THE RETIREMENT PLAN OF BANKNEWPORT Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name: BANKNEWPORT

Employer identification number (EIN): 202633950

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about BANKNEWPORT

Jurisdiction of Incorporation: Secretary of State Rhode Island

Incorporation Date:

Company Identification Number: 000147253

More information about BANKNEWPORT

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RETIREMENT PLAN OF BANKNEWPORT

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-10-01 WENDY KAGAN
001 2012-10-01 WENDY KAGAN
001 2011-10-01 WENDY KAGAN
001 2009-10-01 WENDY E. KAGAN WENDY E. KAGAN 2011-06-27
001 2009-10-01 WENDY E. KAGAN WENDY E. KAGAN 2011-06-27
001 2008-10-01

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2013-10-01	WENDY KAGAN
001	2012-10-01	WENDY KAGAN
001	2011-10-01	WENDY KAGAN
001	2009-10-01	WENDY E. KAGAN	WENDY E. KAGAN	2011-06-27
001	2009-10-01	WENDY E. KAGAN	WENDY E. KAGAN	2011-06-27
001	2008-10-01

Plan Statistics for THE RETIREMENT PLAN OF BANKNEWPORT

401k plan membership statisitcs for THE RETIREMENT PLAN OF BANKNEWPORT

Measure Date Value
2013: THE RETIREMENT PLAN OF BANKNEWPORT 2013 401k membership
Total participants, beginning-of-year 2013-10-01 331
Total number of active participants reported on line 7a of the Form 5500 2013-10-01 0
Number of retired or separated participants receiving benefits 2013-10-01 0
Number of other retired or separated participants entitled to future benefits 2013-10-01 0
Total of all active and inactive participants 2013-10-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-10-01 0
Total participants 2013-10-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-10-01 0
2012: THE RETIREMENT PLAN OF BANKNEWPORT 2012 401k membership
Total participants, beginning-of-year 2012-10-01 333
Total number of active participants reported on line 7a of the Form 5500 2012-10-01 142
Number of retired or separated participants receiving benefits 2012-10-01 70
Number of other retired or separated participants entitled to future benefits 2012-10-01 114
Total of all active and inactive participants 2012-10-01 326
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-10-01 5
Total participants 2012-10-01 331
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-10-01 0
2011: THE RETIREMENT PLAN OF BANKNEWPORT 2011 401k membership
Total participants, beginning-of-year 2011-10-01 339
Total number of active participants reported on line 7a of the Form 5500 2011-10-01 150
Number of retired or separated participants receiving benefits 2011-10-01 71
Number of other retired or separated participants entitled to future benefits 2011-10-01 107
Total of all active and inactive participants 2011-10-01 328
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-10-01 5
Total participants 2011-10-01 333
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-10-01 5
2009: THE RETIREMENT PLAN OF BANKNEWPORT 2009 401k membership
Total participants, beginning-of-year 2009-10-01 345
Total number of active participants reported on line 7a of the Form 5500 2009-10-01 173
Number of retired or separated participants receiving benefits 2009-10-01 61
Number of other retired or separated participants entitled to future benefits 2009-10-01 102
Total of all active and inactive participants 2009-10-01 336
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-10-01 6
Total participants 2009-10-01 342
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-10-01 11

Measure	Date	Value
2013: THE RETIREMENT PLAN OF BANKNEWPORT 2013 401k membership
Total participants, beginning-of-year	2013-10-01	331
Total number of active participants reported on line 7a of the Form 5500	2013-10-01	0
Number of retired or separated participants receiving benefits	2013-10-01	0
Number of other retired or separated participants entitled to future benefits	2013-10-01	0
Total of all active and inactive participants	2013-10-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-10-01	0
Total participants	2013-10-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-10-01	0
2012: THE RETIREMENT PLAN OF BANKNEWPORT 2012 401k membership
Total participants, beginning-of-year	2012-10-01	333
Total number of active participants reported on line 7a of the Form 5500	2012-10-01	142
Number of retired or separated participants receiving benefits	2012-10-01	70
Number of other retired or separated participants entitled to future benefits	2012-10-01	114
Total of all active and inactive participants	2012-10-01	326
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-10-01	5
Total participants	2012-10-01	331
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-10-01	0
2011: THE RETIREMENT PLAN OF BANKNEWPORT 2011 401k membership
Total participants, beginning-of-year	2011-10-01	339
Total number of active participants reported on line 7a of the Form 5500	2011-10-01	150
Number of retired or separated participants receiving benefits	2011-10-01	71
Number of other retired or separated participants entitled to future benefits	2011-10-01	107
Total of all active and inactive participants	2011-10-01	328
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-10-01	5
Total participants	2011-10-01	333
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-10-01	5
2009: THE RETIREMENT PLAN OF BANKNEWPORT 2009 401k membership
Total participants, beginning-of-year	2009-10-01	345
Total number of active participants reported on line 7a of the Form 5500	2009-10-01	173
Number of retired or separated participants receiving benefits	2009-10-01	61
Number of other retired or separated participants entitled to future benefits	2009-10-01	102
Total of all active and inactive participants	2009-10-01	336
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-10-01	6
Total participants	2009-10-01	342
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-10-01	11

Financial Data on THE RETIREMENT PLAN OF BANKNEWPORT

Measure	Date	Value
2014 : THE RETIREMENT PLAN OF BANKNEWPORT 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-09-22	$0
Total transfer of assets from this plan	2014-09-22	$1,285,708
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-09-22	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-09-22	$0
Total income from all sources (including contributions)	2014-09-22	$17,680
Total loss/gain on sale of assets	2014-09-22	$-84,826
Total of all expenses incurred	2014-09-22	$30,931,303
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-09-22	$30,882,058
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-09-22	$0
Value of total assets at end of year	2014-09-22	$0
Value of total assets at beginning of year	2014-09-22	$32,199,331
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-09-22	$49,245
Total interest from all sources	2014-09-22	$101,756
Total dividends received (eg from common stock, registered investment company shares)	2014-09-22	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-09-22	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2014-09-22	$0
Administrative expenses professional fees incurred	2014-09-22	$320
Was this plan covered by a fidelity bond	2014-09-22	Yes
Value of fidelity bond cover	2014-09-22	$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-09-22	$0
Were there any nonexempt tranactions with any party-in-interest	2014-09-22	No
Value of other receiveables (less allowance for doubtful accounts) at end of year	2014-09-22	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2014-09-22	$44,308
Other income not declared elsewhere	2014-09-22	$750
Administrative expenses (other) incurred	2014-09-22	$41,406
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-09-22	No
Value of net income/loss	2014-09-22	$-30,913,623
Value of net assets at end of year (total assets less liabilities)	2014-09-22	$0
Value of net assets at beginning of year (total assets less liabilities)	2014-09-22	$32,199,331
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-09-22	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-09-22	No
Were any leases to which the plan was party in default or uncollectible	2014-09-22	No
Investment advisory and management fees	2014-09-22	$7,519
Income. Interest from US Government securities	2014-09-22	$33,239
Income. Interest from corporate debt instruments	2014-09-22	$68,517
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2014-09-22	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2014-09-22	$148,719
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2014-09-22	$148,719
Expenses. Payments to insurance carriers foe the provision of benefits	2014-09-22	$9,889,858
Asset value of US Government securities at end of year	2014-09-22	$0
Asset value of US Government securities at beginning of year	2014-09-22	$30,390,586
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-09-22	Yes
Was there a failure to transmit to the plan any participant contributions	2014-09-22	No
Has the plan failed to provide any benefit when due under the plan	2014-09-22	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-09-22	$20,992,200
Asset. Corporate debt instrument preferred debt at end of year	2014-09-22	$0
Asset. Corporate debt instrument preferred debt at beginning of year	2014-09-22	$1,615,718
Did the plan have assets held for investment	2014-09-22	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	2014-09-22	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-09-22	Yes
Aggregate proceeds on sale of assets	2014-09-22	$63,897,320
Aggregate carrying amount (costs) on sale of assets	2014-09-22	$63,982,146
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-09-22	Yes
Opinion of an independent qualified public accountant for this plan	2014-09-22	Disclaimer
Accountancy firm name	2014-09-22	WOLF & COMPANY, P.C.
Accountancy firm EIN	2014-09-22	042689883
2013 : THE RETIREMENT PLAN OF BANKNEWPORT 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-09-30	$-79,944
Total unrealized appreciation/depreciation of assets	2013-09-30	$-79,944
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-09-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-09-30	$0
Total income from all sources (including contributions)	2013-09-30	$3,029,808
Total loss/gain on sale of assets	2013-09-30	$2,406,022
Total of all expenses incurred	2013-09-30	$1,047,441
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-09-30	$923,803
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-09-30	$0
Value of total assets at end of year	2013-09-30	$32,199,331
Value of total assets at beginning of year	2013-09-30	$30,216,964
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-09-30	$123,638
Total interest from all sources	2013-09-30	$385,507
Total dividends received (eg from common stock, registered investment company shares)	2013-09-30	$309,856
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-09-30	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-09-30	$0
Administrative expenses professional fees incurred	2013-09-30	$1,500
Was this plan covered by a fidelity bond	2013-09-30	Yes
Value of fidelity bond cover	2013-09-30	$6,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-09-30	$0
Were there any nonexempt tranactions with any party-in-interest	2013-09-30	No
Assets. Other investments not covered elsewhere at end of year	2013-09-30	$0
Assets. Other investments not covered elsewhere at beginning of year	2013-09-30	$276,837
Value of other receiveables (less allowance for doubtful accounts) at end of year	2013-09-30	$44,308
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2013-09-30	$137,578
Other income not declared elsewhere	2013-09-30	$8,367
Administrative expenses (other) incurred	2013-09-30	$30,956
Total non interest bearing cash at end of year	2013-09-30	$0
Total non interest bearing cash at beginning of year	2013-09-30	$-182,577
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-09-30	No
Value of net income/loss	2013-09-30	$1,982,367
Value of net assets at end of year (total assets less liabilities)	2013-09-30	$32,199,331
Value of net assets at beginning of year (total assets less liabilities)	2013-09-30	$30,216,964
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-09-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-09-30	No
Were any leases to which the plan was party in default or uncollectible	2013-09-30	No
Investment advisory and management fees	2013-09-30	$91,182
Income. Interest from US Government securities	2013-09-30	$111,594
Income. Interest from corporate debt instruments	2013-09-30	$273,913
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-09-30	$148,719
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-09-30	$1,565,240
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-09-30	$1,565,240
Asset value of US Government securities at end of year	2013-09-30	$30,390,586
Asset value of US Government securities at beginning of year	2013-09-30	$4,375,473
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-09-30	Yes
Was there a failure to transmit to the plan any participant contributions	2013-09-30	No
Has the plan failed to provide any benefit when due under the plan	2013-09-30	No
Employer contributions (assets) at end of year	2013-09-30	$0
Employer contributions (assets) at beginning of year	2013-09-30	$0
Income. Dividends from common stock	2013-09-30	$309,856
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-09-30	$923,803
Asset. Corporate debt instrument preferred debt at end of year	2013-09-30	$1,615,718
Asset. Corporate debt instrument preferred debt at beginning of year	2013-09-30	$6,107,907
Assets. Corporate common stocks other than exployer securities at end of year	2013-09-30	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2013-09-30	$17,936,506
Did the plan have assets held for investment	2013-09-30	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	2013-09-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-09-30	No
Aggregate proceeds on sale of assets	2013-09-30	$63,201,840
Aggregate carrying amount (costs) on sale of assets	2013-09-30	$60,795,818
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-09-30	Yes
Opinion of an independent qualified public accountant for this plan	2013-09-30	Disclaimer
Accountancy firm name	2013-09-30	WOLF & COMPANY, P.C.
Accountancy firm EIN	2013-09-30	042689883
2012 : THE RETIREMENT PLAN OF BANKNEWPORT 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-09-30	$3,267,256
Total unrealized appreciation/depreciation of assets	2012-09-30	$3,267,256
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-09-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-09-30	$-72,771
Total income from all sources (including contributions)	2012-09-30	$4,246,112
Total loss/gain on sale of assets	2012-09-30	$98,032
Total of all expenses incurred	2012-09-30	$1,059,734
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-09-30	$901,848
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-09-30	$0
Value of total assets at end of year	2012-09-30	$30,216,964
Value of total assets at beginning of year	2012-09-30	$26,957,815
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-09-30	$157,886
Total interest from all sources	2012-09-30	$522,790
Total dividends received (eg from common stock, registered investment company shares)	2012-09-30	$359,875
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-09-30	No
Administrative expenses professional fees incurred	2012-09-30	$3,090
Was this plan covered by a fidelity bond	2012-09-30	Yes
Value of fidelity bond cover	2012-09-30	$6,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-09-30	$0
Were there any nonexempt tranactions with any party-in-interest	2012-09-30	No
Assets. Other investments not covered elsewhere at end of year	2012-09-30	$276,837
Assets. Other investments not covered elsewhere at beginning of year	2012-09-30	$278,594
Value of other receiveables (less allowance for doubtful accounts) at end of year	2012-09-30	$137,578
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2012-09-30	$138,484
Other income not declared elsewhere	2012-09-30	$-1,841
Administrative expenses (other) incurred	2012-09-30	$36,865
Total non interest bearing cash at end of year	2012-09-30	$-182,577
Total non interest bearing cash at beginning of year	2012-09-30	$267,625
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-09-30	No
Value of net income/loss	2012-09-30	$3,186,378
Value of net assets at end of year (total assets less liabilities)	2012-09-30	$30,216,964
Value of net assets at beginning of year (total assets less liabilities)	2012-09-30	$27,030,586
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-09-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-09-30	No
Were any leases to which the plan was party in default or uncollectible	2012-09-30	No
Investment advisory and management fees	2012-09-30	$117,931
Income. Interest from US Government securities	2012-09-30	$217,096
Income. Interest from corporate debt instruments	2012-09-30	$305,694
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-09-30	$1,565,240
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-09-30	$1,527,255
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-09-30	$1,527,255
Asset value of US Government securities at end of year	2012-09-30	$4,375,473
Asset value of US Government securities at beginning of year	2012-09-30	$5,589,387
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-09-30	Yes
Was there a failure to transmit to the plan any participant contributions	2012-09-30	No
Has the plan failed to provide any benefit when due under the plan	2012-09-30	No
Contributions received in cash from employer	2012-09-30	$0
Employer contributions (assets) at end of year	2012-09-30	$0
Employer contributions (assets) at beginning of year	2012-09-30	$0
Income. Dividends from common stock	2012-09-30	$359,875
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-09-30	$901,848
Asset. Corporate debt instrument preferred debt at end of year	2012-09-30	$6,107,907
Asset. Corporate debt instrument preferred debt at beginning of year	2012-09-30	$4,583,221
Assets. Corporate common stocks other than exployer securities at end of year	2012-09-30	$17,936,506
Assets. Corporate common stocks other than exployer securities at beginning of year	2012-09-30	$14,573,249
Liabilities. Value of benefit claims payable at end of year	2012-09-30	$0
Liabilities. Value of benefit claims payable at beginning of year	2012-09-30	$-72,771
Did the plan have assets held for investment	2012-09-30	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	2012-09-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-09-30	No
Aggregate proceeds on sale of assets	2012-09-30	$7,271,837
Aggregate carrying amount (costs) on sale of assets	2012-09-30	$7,173,805
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-09-30	Yes
Opinion of an independent qualified public accountant for this plan	2012-09-30	Disclaimer
Accountancy firm name	2012-09-30	WOLF & COMPANY, P.C.
Accountancy firm EIN	2012-09-30	042689883
2011 : THE RETIREMENT PLAN OF BANKNEWPORT 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-09-30	$-420,300
Total unrealized appreciation/depreciation of assets	2011-09-30	$-420,300
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-09-30	$-72,771
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	$1,150,455
Total loss/gain on sale of assets	2011-09-30	$725,861
Total of all expenses incurred	2011-09-30	$1,055,603
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-09-30	$863,425
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-09-30	$0
Value of total assets at end of year	2011-09-30	$26,957,815
Value of total assets at beginning of year	2011-09-30	$26,935,734
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-09-30	$192,178
Total interest from all sources	2011-09-30	$492,788
Total dividends received (eg from common stock, registered investment company shares)	2011-09-30	$363,834
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	$640
Was this plan covered by a fidelity bond	2011-09-30	Yes
Value of fidelity bond cover	2011-09-30	$6,000,000
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
Assets. Other investments not covered elsewhere at end of year	2011-09-30	$278,594
Assets. Other investments not covered elsewhere at beginning of year	2011-09-30	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-09-30	$138,484
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-09-30	$82,143
Other income not declared elsewhere	2011-09-30	$-11,728
Administrative expenses (other) incurred	2011-09-30	$49,550
Total non interest bearing cash at end of year	2011-09-30	$267,625
Total non interest bearing cash at beginning of year	2011-09-30	$1,758
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	$94,852
Value of net assets at end of year (total assets less liabilities)	2011-09-30	$27,030,586
Value of net assets at beginning of year (total assets less liabilities)	2011-09-30	$26,935,734
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	$141,988
Income. Interest from US Government securities	2011-09-30	$233,891
Income. Interest from corporate debt instruments	2011-09-30	$258,897
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-09-30	$1,527,255
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-09-30	$1,601,490
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-09-30	$1,601,490
Asset value of US Government securities at end of year	2011-09-30	$5,589,387
Asset value of US Government securities at beginning of year	2011-09-30	$4,894,022
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
Employer contributions (assets) at end of year	2011-09-30	$0
Employer contributions (assets) at beginning of year	2011-09-30	$880,901
Income. Dividends from common stock	2011-09-30	$363,834
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-09-30	$863,425
Asset. Corporate debt instrument preferred debt at end of year	2011-09-30	$4,583,221
Asset. Corporate debt instrument preferred debt at beginning of year	2011-09-30	$3,015,643
Assets. Corporate common stocks other than exployer securities at end of year	2011-09-30	$14,573,249
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-09-30	$16,459,777
Liabilities. Value of benefit claims payable at end of year	2011-09-30	$-72,771
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
Aggregate proceeds on sale of assets	2011-09-30	$15,944,593
Aggregate carrying amount (costs) on sale of assets	2011-09-30	$15,218,732
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-09-30	Yes
Opinion of an independent qualified public accountant for this plan	2011-09-30	Disclaimer
Accountancy firm name	2011-09-30	WOLF & COMPANY, P.C.
Accountancy firm EIN	2011-09-30	042689883
2010 : THE RETIREMENT PLAN OF BANKNEWPORT 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-09-30	$0

Form 5500 Responses for THE RETIREMENT PLAN OF BANKNEWPORT

2013: THE RETIREMENT PLAN OF BANKNEWPORT 2013 form 5500 responses
2013-10-01	Type of plan entity	Single employer plan
2013-10-01	Submission has been amended	No
2013-10-01	This submission is the final filing	Yes
2013-10-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-10-01	Plan is a collectively bargained plan	No
2013-10-01	Plan funding arrangement – Trust	Yes
2013-10-01	Plan benefit arrangement – Insurance	Yes
2013-10-01	Plan benefit arrangement - Trust	Yes
2012: THE RETIREMENT PLAN OF BANKNEWPORT 2012 form 5500 responses
2012-10-01	Type of plan entity	Single employer plan
2012-10-01	Submission has been amended	No
2012-10-01	This submission is the final filing	No
2012-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-10-01	Plan is a collectively bargained plan	No
2012-10-01	Plan funding arrangement – Trust	Yes
2012-10-01	Plan benefit arrangement - Trust	Yes
2011: THE RETIREMENT PLAN OF BANKNEWPORT 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
2009: THE RETIREMENT PLAN OF BANKNEWPORT 2009 form 5500 responses
2009-10-01	Type of plan entity	Single employer plan
2009-10-01	Submission has been amended	Yes
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
2008: THE RETIREMENT PLAN OF BANKNEWPORT 2008 form 5500 responses
2008-10-01	Type of plan entity	Single employer plan
2008-10-01	Submission has been amended	No
2008-10-01	This submission is the final filing	No
2008-10-01	This return/report is a short plan year return/report (less than 12 months)	No
2008-10-01	Plan is a collectively bargained plan	No

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Company Name:	BANKNEWPORT
Employer identification number (EIN):	202633950
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Secretary of State Rhode Island
Incorporation Date:
Company Identification Number:	000147253