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THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN 401k Plan overview

Plan NameTHE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN
Plan identification number 001

THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.

401k Sponsoring company profile

THE BANK OF N.T. BUTTERFIELD & SON LIMITED has sponsored the creation of one or more 401k plans.

Company Name:THE BANK OF N.T. BUTTERFIELD & SON LIMITED
Employer identification number (EIN):981144264
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DENAE DESHIELDS2024-10-15
0012022-01-01DENAE DESHIELDS2023-10-03
0012021-01-01DENAE DESHIELDS2022-10-06
0012021-01-01DENAE DESHIELDS2022-10-06
0012020-01-01DENAE DESHIELDS2021-10-14
0012019-01-01DENAE DESHIELDS2020-10-15
0012018-01-01DENAE DESHIELDS2019-06-04
0012017-01-01LAUREN DILL2018-07-16
0012016-01-01LAUREN DILL2017-10-09
0012015-01-01RUTH STOVELL2016-10-14
0012014-01-01RUTH STOVELL2015-07-29

Plan Statistics for THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN

401k plan membership statisitcs for THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN

Measure Date Value
2025: THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0920
Total number of particpants at end of year2025-10-0920
Number of Participants With Account Balances2025-10-096
2024: THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1519
Total number of particpants at end of year2024-10-1520
Number of Participants With Account Balances2024-10-155
2022: THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-10-0629
Total number of particpants at end of year2022-10-0612
Number of Participants With Account Balances2022-10-067

Financial Data on THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN

Measure Date Value
2025 : THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-090
Net assets as of the end of the plan year2025-10-091825550
Total assets as of the beginning of the plan year2025-10-091430962
Value of plan covered by a fidelity bond2025-10-09144000
Participant contributions to plan in this plan year2025-10-0956522
Other income to plan in this plan year2025-10-09265043
Plan net income in this plan year2025-10-09394588
Net assets as of the end of the plan year2025-10-091825550
Net assets as of the beginning of the plan year2025-10-091430962
Employer contributions to plan in this plan year2025-10-0973023
2024 : THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-150
Total expenses incurred by plan in this plan year2024-10-150
Net assets as of the end of the plan year2024-10-151430962
Total assets as of the beginning of the plan year2024-10-151044365
Value of plan covered by a fidelity bond2024-10-15140000
Participant contributions to plan in this plan year2024-10-1555219
Other expenses paid from plan in this plan year2024-10-150
Other contributions to plan in this plan year2024-10-150
Other income to plan in this plan year2024-10-15269359
Plan net income in this plan year2024-10-15386597
Net assets as of the end of the plan year2024-10-151430962
Net assets as of the beginning of the plan year2024-10-151044365
Employer contributions to plan in this plan year2024-10-1562019
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-150
2022 : THE BANK OF N.T. BUTTERFIELD & SON LTD 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-06187773
Net assets as of the end of the plan year2022-10-061334270
Total assets as of the beginning of the plan year2022-10-061111494
Value of plan covered by a fidelity bond2022-10-06140000
Participant contributions to plan in this plan year2022-10-0693609
Other income to plan in this plan year2022-10-06199338
Plan net income in this plan year2022-10-06222776
Net assets as of the end of the plan year2022-10-061334270
Net assets as of the beginning of the plan year2022-10-061111494
Employer contributions to plan in this plan year2022-10-06117602

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