401k Plan data: POLONIA BANK RETIREMENT PLAN plan

POLONIA BANK RETIREMENT PLAN 401k Plan overview

Plan Name	POLONIA BANK RETIREMENT PLAN
Plan identification number	001

POLONIA BANK RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

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

Company Name: POLONIA BANK

Employer identification number (EIN): 231692415

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan POLONIA BANK RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2016-01-01 PAUL RUTKOWSKI PAUL RUTKOWSKI 2017-02-17
001 2015-01-01 PAUL RUTKOWSKI PAUL RUTKOWSKI 2016-07-08
001 2014-01-01 PAUL RUTKOWSKI
001 2013-01-01 ANTHONY SZUSZCZEWICZ
001 2012-01-01 ANTHONY SZUSZCZEWICZ ANTHONY SZUSZCZEWICZ 2013-05-13
001 2011-01-01 ANTHONY SZUSZCZEWICZ
001 2010-01-01 ANTHONY SZUSZCZEWICZ
001 2009-01-01 ANTHONY SZUSZCZEWICZ

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2016-01-01	PAUL RUTKOWSKI	PAUL RUTKOWSKI	2017-02-17
001	2015-01-01	PAUL RUTKOWSKI	PAUL RUTKOWSKI	2016-07-08
001	2014-01-01	PAUL RUTKOWSKI
001	2013-01-01	ANTHONY SZUSZCZEWICZ
001	2012-01-01	ANTHONY SZUSZCZEWICZ	ANTHONY SZUSZCZEWICZ	2013-05-13
001	2011-01-01	ANTHONY SZUSZCZEWICZ
001	2010-01-01	ANTHONY SZUSZCZEWICZ
001	2009-01-01	ANTHONY SZUSZCZEWICZ

Financial Data on POLONIA BANK RETIREMENT PLAN

Measure	Date	Value
2016 : POLONIA BANK RETIREMENT PLAN 2016 401k financial data
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$390,669
Expenses. Total of all expenses incurred	2016-12-31	$300,071
Benefits paid (including direct rollovers)	2016-12-31	$287,822
Total plan assets at end of year	2016-12-31	$2,557,346
Total plan assets at beginning of year	2016-12-31	$2,466,748
Total contributions received or receivable from participants	2016-12-31	$119,998
Expenses. Other expenses not covered elsewhere	2016-12-31	$12,249
Contributions received from other sources (not participants or employers)	2016-12-31	$86,932
Other income received	2016-12-31	$109,524
Net income (gross income less expenses)	2016-12-31	$90,598
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,557,346
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$2,466,748
Assets. Value of participant loans	2016-12-31	$29,973
Assets. Value of employer securities	2016-12-31	$40,104
Total contributions received or receivable from employer(s)	2016-12-31	$74,215
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$0
2015 : POLONIA BANK RETIREMENT PLAN 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$168,516
Expenses. Total of all expenses incurred	2015-12-31	$1,079,270
Benefits paid (including direct rollovers)	2015-12-31	$1,070,313
Total plan assets at end of year	2015-12-31	$2,466,748
Total plan assets at beginning of year	2015-12-31	$3,377,502
Total contributions received or receivable from participants	2015-12-31	$101,438
Expenses. Other expenses not covered elsewhere	2015-12-31	$2,200
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$-10,626
Net income (gross income less expenses)	2015-12-31	$-910,754
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$2,466,748
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$3,377,502
Assets. Value of participant loans	2015-12-31	$53,840
Assets. Value of employer securities	2015-12-31	$193,191
Total contributions received or receivable from employer(s)	2015-12-31	$77,704
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$6,757
2014 : POLONIA BANK RETIREMENT PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$306,261
Expenses. Total of all expenses incurred	2014-12-31	$883,398
Benefits paid (including direct rollovers)	2014-12-31	$882,148
Total plan assets at end of year	2014-12-31	$3,377,502
Total plan assets at beginning of year	2014-12-31	$3,954,639
Total contributions received or receivable from participants	2014-12-31	$120,795
Expenses. Other expenses not covered elsewhere	2014-12-31	$1,250
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$97,508
Net income (gross income less expenses)	2014-12-31	$-577,137
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$3,377,502
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$3,954,639
Assets. Value of participant loans	2014-12-31	$52,117
Assets. Value of employer securities	2014-12-31	$174,943
Total contributions received or receivable from employer(s)	2014-12-31	$87,958
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$0
2013 : POLONIA BANK RETIREMENT PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$0
Total plan liabilities at beginning of year	2013-12-31	$0
Total income from all sources	2013-12-31	$610,167
Expenses. Total of all expenses incurred	2013-12-31	$158,564
Benefits paid (including direct rollovers)	2013-12-31	$156,910
Total plan assets at end of year	2013-12-31	$3,954,639
Total plan assets at beginning of year	2013-12-31	$3,503,036
Total contributions received or receivable from participants	2013-12-31	$143,494
Expenses. Other expenses not covered elsewhere	2013-12-31	$0
Contributions received from other sources (not participants or employers)	2013-12-31	$0
Other income received	2013-12-31	$367,419
Net income (gross income less expenses)	2013-12-31	$451,603
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$3,954,639
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$3,503,036
Assets. Value of participant loans	2013-12-31	$57,732
Assets. Value of employer securities	2013-12-31	$156,173
Total contributions received or receivable from employer(s)	2013-12-31	$99,254
Value of corrective distributions	2013-12-31	$1,154
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$500
2012 : POLONIA BANK RETIREMENT PLAN 2012 401k financial data
Total plan liabilities at end of year	2012-12-31	$0
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$498,341
Expenses. Total of all expenses incurred	2012-12-31	$15,324
Benefits paid (including direct rollovers)	2012-12-31	$14,831
Total plan assets at end of year	2012-12-31	$3,503,036
Total plan assets at beginning of year	2012-12-31	$3,020,019
Total contributions received or receivable from participants	2012-12-31	$132,090
Other income received	2012-12-31	$270,967
Net income (gross income less expenses)	2012-12-31	$483,017
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,503,036
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$3,020,019
Assets. Value of participant loans	2012-12-31	$71,829
Assets. Value of employer securities	2012-12-31	$127,118
Total contributions received or receivable from employer(s)	2012-12-31	$95,284
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$493
2011 : POLONIA BANK RETIREMENT PLAN 2011 401k financial data
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$190,649
Expenses. Total of all expenses incurred	2011-12-31	$16,067
Benefits paid (including direct rollovers)	2011-12-31	$12,575
Total plan assets at end of year	2011-12-31	$3,020,019
Total plan assets at beginning of year	2011-12-31	$2,845,437
Total contributions received or receivable from participants	2011-12-31	$90,674
Contributions received from other sources (not participants or employers)	2011-12-31	$38,291
Other income received	2011-12-31	$-54,627
Net income (gross income less expenses)	2011-12-31	$174,582
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$3,020,019
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,845,437
Assets. Value of participant loans	2011-12-31	$73,658
Assets. Value of employer securities	2011-12-31	$91,248
Total contributions received or receivable from employer(s)	2011-12-31	$116,311
Value of corrective distributions	2011-12-31	$2,717
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$775
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : POLONIA BANK RETIREMENT PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$433,727
Expenses. Total of all expenses incurred	2010-12-31	$5,139
Benefits paid (including direct rollovers)	2010-12-31	$4,739
Total plan assets at end of year	2010-12-31	$2,845,437
Total plan assets at beginning of year	2010-12-31	$2,416,849
Total contributions received or receivable from participants	2010-12-31	$106,306
Other income received	2010-12-31	$202,421
Net income (gross income less expenses)	2010-12-31	$428,588
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,845,437
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,416,849
Assets. Value of participant loans	2010-12-31	$81,793
Assets. Value of employer securities	2010-12-31	$75,081
Total contributions received or receivable from employer(s)	2010-12-31	$125,000
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$400
2009 : POLONIA BANK RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for POLONIA BANK RETIREMENT PLAN

2016: POLONIA BANK RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: POLONIA BANK RETIREMENT PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Insurance	Yes
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: POLONIA BANK RETIREMENT PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Insurance	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: POLONIA BANK RETIREMENT PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: POLONIA BANK RETIREMENT PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: POLONIA BANK RETIREMENT PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: POLONIA BANK RETIREMENT PLAN 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 – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: POLONIA BANK RETIREMENT PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number	941277-01
Policy instance	1
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number	941277-01
Policy instance	1
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number	941277-01
Policy instance	1
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number	941277-01
Policy instance	1
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number	941277-01
Policy instance	1
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number	941277-01
Policy instance	1
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number	941277-01
Policy instance	1

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Company Name:	POLONIA BANK
Employer identification number (EIN):	231692415
NAIC Classification:	522120
NAIC Description:	Savings Institutions