401k Plan data: BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN plan

BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN 401k Plan overview

Plan Name	BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN
Plan identification number	002

BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN Benefits

401k Plan Type

Defined 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.
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

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

Company Name: BIDDEFORD SAVINGS BANK

Employer identification number (EIN): 010029610

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about BIDDEFORD SAVINGS BANK

Jurisdiction of Incorporation: Maine Bureau of Corporations, Elections & Commissions

Incorporation Date:

Company Identification Number: 18650000B

More information about BIDDEFORD SAVINGS BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2017-01-01 DALE HUOT 2017-06-14
002 2016-01-01 DALE HUOT 2017-06-15
002 2015-01-01 DALE HUOT 2016-06-09
002 2014-01-01 DALE HUOT 2015-05-27 DALE HUOT 2015-05-27
002 2013-01-01 DALE HUOT 2014-08-20 DALE HUOT 2014-08-20
002 2012-01-01 DALE HUOT 2013-06-24 DALE HUOT 2013-06-24
002 2011-01-01 DALE HUOT
002 2009-01-01 DALE HUOT DALE HUOT 2010-08-05

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2017-01-01	DALE HUOT	2017-06-14
002	2016-01-01	DALE HUOT	2017-06-15
002	2015-01-01	DALE HUOT	2016-06-09
002	2014-01-01	DALE HUOT	2015-05-27	DALE HUOT	2015-05-27
002	2013-01-01	DALE HUOT	2014-08-20	DALE HUOT	2014-08-20
002	2012-01-01	DALE HUOT	2013-06-24	DALE HUOT	2013-06-24
002	2011-01-01	DALE HUOT
002	2009-01-01	DALE HUOT		DALE HUOT	2010-08-05

Plan Statistics for BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN

401k plan membership statisitcs for BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN

Measure Date Value
2011: BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 67
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 61
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 9
Total of all active and inactive participants 2011-01-01 70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 70
Number of participants with account balances 2011-01-01 62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 65
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 59
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 8
Total of all active and inactive participants 2009-01-01 68
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 68
Number of participants with account balances 2009-01-01 61
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	67
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	61
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	9
Total of all active and inactive participants	2011-01-01	70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	70
Number of participants with account balances	2011-01-01	62
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	65
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	59
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	8
Total of all active and inactive participants	2009-01-01	68
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	68
Number of participants with account balances	2009-01-01	61
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN

Measure	Date	Value
2011 : BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$393,181
Expenses. Total of all expenses incurred	2011-12-31	$531,260
Benefits paid (including direct rollovers)	2011-12-31	$525,007
Total plan assets at end of year	2011-12-31	$3,364,436
Total plan assets at beginning of year	2011-12-31	$3,502,515
Value of fidelity bond covering the plan	2011-12-31	$5,000,000
Total contributions received or receivable from participants	2011-12-31	$269,234
Expenses. Other expenses not covered elsewhere	2011-12-31	$180
Contributions received from other sources (not participants or employers)	2011-12-31	$5,173
Other income received	2011-12-31	$9,007
Net income (gross income less expenses)	2011-12-31	$-138,079
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$3,364,436
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$3,502,515
Assets. Value of participant loans	2011-12-31	$17,138
Total contributions received or receivable from employer(s)	2011-12-31	$109,767
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$6,073
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$696,801
Expenses. Total of all expenses incurred	2010-12-31	$66,559
Benefits paid (including direct rollovers)	2010-12-31	$60,425
Total plan assets at end of year	2010-12-31	$3,502,515
Total plan assets at beginning of year	2010-12-31	$2,872,273
Value of fidelity bond covering the plan	2010-12-31	$5,000,000
Total contributions received or receivable from participants	2010-12-31	$226,275
Expenses. Other expenses not covered elsewhere	2010-12-31	$720
Contributions received from other sources (not participants or employers)	2010-12-31	$21,858
Other income received	2010-12-31	$344,568
Net income (gross income less expenses)	2010-12-31	$630,242
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$3,502,515
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,872,273
Assets. Value of participant loans	2010-12-31	$31,165
Total contributions received or receivable from employer(s)	2010-12-31	$104,100
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$5,414
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : BIDDEFORD SAVINGS BANK 401(K) SAVINGS 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 BIDDEFORD SAVINGS BANK 401(K) SAVINGS PLAN

2011: BIDDEFORD SAVINGS BANK 401(K) SAVINGS 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 – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: BIDDEFORD SAVINGS BANK 401(K) SAVINGS 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 – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	BIDDEFORD SAVINGS BANK
Employer identification number (EIN):	010029610
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Maine Bureau of Corporations, Elections & Commissions
Incorporation Date:
Company Identification Number:	18650000B