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THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 401k Plan overview

Plan NameTHE RETIREMENT PLAN OF GORHAM SAVINGS BANK
Plan identification number 001

THE RETIREMENT PLAN OF GORHAM SAVINGS BANK Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

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

Company Name:GORHAM SAVINGS BANK
Employer identification number (EIN):010078890
NAIC Classification:522190
NAIC Description:Other Depository Credit Intermediation

Additional information about GORHAM SAVINGS BANK

Jurisdiction of Incorporation: Maine Bureau of Corporations, Elections & Commissions
Incorporation Date:
Company Identification Number: 18680001B

More information about GORHAM SAVINGS BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RETIREMENT PLAN OF GORHAM SAVINGS BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-04-01JULIA HUBBARD2023-01-13
0012020-04-01
0012019-04-01DIANA WHEELOCK2021-01-07 DIANA WHEELOCK2021-01-07
0012018-04-01DIANA WHEELOCK2020-01-08 DIANA WHEELOCK2020-01-08
0012017-04-01
0012016-04-01
0012015-04-01
0012014-04-01LISA CORMIER-SMITH
0012013-04-01LISA CORMIER-SMITH
0012012-04-01LISA CORMIER-SMITH
0012011-04-01LISA CORMIER-SMITH
0012010-04-01LISA CORMIER-SMITH
0012009-04-01LISA CORMIER-SMITH

Plan Statistics for THE RETIREMENT PLAN OF GORHAM SAVINGS BANK

401k plan membership statisitcs for THE RETIREMENT PLAN OF GORHAM SAVINGS BANK

Measure Date Value
2022: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2022 401k membership
Market value of plan assets2022-03-1124,544,711
Acturial value of plan assets2022-03-1124,544,711
Funding target for retired participants and beneficiaries receiving payment2022-03-114,489,692
Number of terminated vested participants2022-03-1155
Fundng target for terminated vested participants2022-03-112,156,897
Active participant vested funding target2022-03-119,432,913
Number of active participants2022-03-1198
Total funding liabilities for active participants2022-03-119,435,568
Total participant count2022-03-11177
Total funding target for all participants2022-03-1116,082,157
Balance at beginning of prior year after applicable adjustments2022-03-110
Prefunding balance at beginning of prior year after applicable adjustments2022-03-116,955,487
Carryover balanced portion elected for use to offset prior years funding requirement2022-03-110
Prefunding balanced used to offset prior years funding requirement2022-03-111,252,011
Amount remaining of carryover balance2022-03-110
Amount remaining of prefunding balance2022-03-115,703,476
Present value of excess contributions2022-03-11419,448
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-03-11506,567
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-03-11506,567
Reductions in caryover balances due to elections or deemed elections2022-03-110
Reductions in prefunding balances due to elections or deemed elections2022-03-110
Balance of carryovers at beginning of current year2022-03-110
Balance of prefunding at beginning of current year2022-03-117,394,655
Total employer contributions2022-03-11423,000
Total employee contributions2022-03-110
Contributions allocated toward unpaid minimum require contributions from prior years2022-03-110
Contributions made to avoid restrictions adjusted to valuation date2022-03-110
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-03-11402,055
Liquidity shortfalls end of Q12022-03-110
Liquidity shortfalls end of Q22022-03-110
Liquidity shortfalls end of Q32022-03-110
Liquidity shortfalls end of Q42022-03-110
Unpaid minimum required contributions for all prior years2022-03-110
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-03-110
Remaining amount of unpaid minimum required contributions2022-03-110
Minimum required contributions for current year target normal cost2022-03-110
Net shortfall amortization installment of oustanding balance2022-03-110
Waiver amortization installment2022-03-110
Total funding amount beforereflecting carryover/prefunding balances2022-03-110
Carryover balance elected to use to offset funding requirement2022-03-110
Prefunding balance elected to use to offset funding requirement2022-03-110
Additional cash requirement2022-03-110
Contributions allocatedtoward minimum required contributions for current year2022-03-11402,055
Unpaid minimum required contributions for current year2022-03-110
Unpaid minimum required contributions for all years2022-03-110
2021: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2021 401k membership
Total participants, beginning-of-year2021-04-01177
Total number of active participants reported on line 7a of the Form 55002021-04-010
Number of retired or separated participants receiving benefits2021-04-010
Number of other retired or separated participants entitled to future benefits2021-04-010
Total of all active and inactive participants2021-04-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-04-010
Total participants2021-04-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-04-010
Market value of plan assets2021-03-3120,605,496
Acturial value of plan assets2021-03-3120,605,496
Funding target for retired participants and beneficiaries receiving payment2021-03-313,517,669
Number of terminated vested participants2021-03-3154
Fundng target for terminated vested participants2021-03-312,285,029
Active participant vested funding target2021-03-319,665,778
Number of active participants2021-03-31104
Total funding liabilities for active participants2021-03-319,714,802
Total participant count2021-03-31176
Total funding target for all participants2021-03-3115,517,500
Balance at beginning of prior year after applicable adjustments2021-03-310
Prefunding balance at beginning of prior year after applicable adjustments2021-03-314,651,196
Carryover balanced portion elected for use to offset prior years funding requirement2021-03-310
Prefunding balanced used to offset prior years funding requirement2021-03-310
Amount remaining of carryover balance2021-03-310
Amount remaining of prefunding balance2021-03-314,651,196
Present value of excess contributions2021-03-312,361,305
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-03-312,497,316
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-03-312,497,316
Reductions in caryover balances due to elections or deemed elections2021-03-310
Reductions in prefunding balances due to elections or deemed elections2021-03-310
Balance of carryovers at beginning of current year2021-03-310
Balance of prefunding at beginning of current year2021-03-316,955,487
Total employer contributions2021-03-31460,000
Total employee contributions2021-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-03-310
Contributions made to avoid restrictions adjusted to valuation date2021-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-03-31419,448
Unpaid minimum required contributions for all prior years2021-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-03-310
Remaining amount of unpaid minimum required contributions2021-03-310
Minimum required contributions for current year target normal cost2021-03-31949,533
Net shortfall amortization installment of oustanding balance2021-03-311,867,491
Waiver amortization installment2021-03-310
Total funding amount beforereflecting carryover/prefunding balances2021-03-311,252,011
Carryover balance elected to use to offset funding requirement2021-03-310
Prefunding balance elected to use to offset funding requirement2021-03-311,252,011
Additional cash requirement2021-03-310
Contributions allocatedtoward minimum required contributions for current year2021-03-31419,448
Unpaid minimum required contributions for current year2021-03-310
Unpaid minimum required contributions for all years2021-03-310
2020: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2020 401k membership
Total participants, beginning-of-year2020-04-01176
Total number of active participants reported on line 7a of the Form 55002020-04-0198
Number of retired or separated participants receiving benefits2020-04-0124
Number of other retired or separated participants entitled to future benefits2020-04-0155
Total of all active and inactive participants2020-04-01177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-04-010
Total participants2020-04-01177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-04-010
Market value of plan assets2020-03-3119,203,467
Acturial value of plan assets2020-03-3119,203,467
Funding target for retired participants and beneficiaries receiving payment2020-03-311,183,540
Number of terminated vested participants2020-03-3150
Fundng target for terminated vested participants2020-03-312,834,177
Active participant vested funding target2020-03-318,021,686
Number of active participants2020-03-31117
Total funding liabilities for active participants2020-03-318,084,331
Total participant count2020-03-31180
Total funding target for all participants2020-03-3112,102,048
Balance at beginning of prior year after applicable adjustments2020-03-310
Prefunding balance at beginning of prior year after applicable adjustments2020-03-314,446,650
Carryover balanced portion elected for use to offset prior years funding requirement2020-03-310
Prefunding balanced used to offset prior years funding requirement2020-03-310
Amount remaining of carryover balance2020-03-310
Amount remaining of prefunding balance2020-03-314,446,650
Present value of excess contributions2020-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-03-310
Reductions in caryover balances due to elections or deemed elections2020-03-310
Reductions in prefunding balances due to elections or deemed elections2020-03-310
Balance of carryovers at beginning of current year2020-03-310
Balance of prefunding at beginning of current year2020-03-314,651,196
Total employer contributions2020-03-312,500,000
Total employee contributions2020-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-03-310
Contributions made to avoid restrictions adjusted to valuation date2020-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-03-312,361,305
Unpaid minimum required contributions for all prior years2020-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-03-310
Remaining amount of unpaid minimum required contributions2020-03-310
Minimum required contributions for current year target normal cost2020-03-31920,700
Net shortfall amortization installment of oustanding balance2020-03-310
Total funding amount beforereflecting carryover/prefunding balances2020-03-310
Carryover balance elected to use to offset funding requirement2020-03-310
Prefunding balance elected to use to offset funding requirement2020-03-310
Additional cash requirement2020-03-310
Contributions allocatedtoward minimum required contributions for current year2020-03-312,361,305
Unpaid minimum required contributions for current year2020-03-310
Unpaid minimum required contributions for all years2020-03-310
2019: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2019 401k membership
Total participants, beginning-of-year2019-04-01180
Total number of active participants reported on line 7a of the Form 55002019-04-01104
Number of retired or separated participants receiving benefits2019-04-0118
Number of other retired or separated participants entitled to future benefits2019-04-0154
Total of all active and inactive participants2019-04-01176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-04-010
Total participants2019-04-01176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-04-010
Market value of plan assets2019-03-3118,723,583
Acturial value of plan assets2019-03-3118,723,583
Funding target for retired participants and beneficiaries receiving payment2019-03-311,186,922
Number of terminated vested participants2019-03-3148
Fundng target for terminated vested participants2019-03-311,986,384
Active participant vested funding target2019-03-316,853,538
Number of active participants2019-03-31127
Total funding liabilities for active participants2019-03-316,975,258
Total participant count2019-03-31187
Total funding target for all participants2019-03-3110,148,564
Balance at beginning of prior year after applicable adjustments2019-03-310
Prefunding balance at beginning of prior year after applicable adjustments2019-03-314,139,885
Carryover balanced portion elected for use to offset prior years funding requirement2019-03-310
Prefunding balanced used to offset prior years funding requirement2019-03-310
Amount remaining of carryover balance2019-03-310
Amount remaining of prefunding balance2019-03-314,139,885
Present value of excess contributions2019-03-316,381,258
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-03-316,771,791
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-03-310
Balance of carryovers at beginning of current year2019-03-310
Balance of prefunding at beginning of current year2019-03-314,446,650
Total employer contributions2019-03-310
Total employee contributions2019-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-03-310
Contributions made to avoid restrictions adjusted to valuation date2019-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-03-310
Liquidity shortfalls end of Q12019-03-310
Liquidity shortfalls end of Q22019-03-310
Liquidity shortfalls end of Q32019-03-310
Liquidity shortfalls end of Q42019-03-310
Unpaid minimum required contributions for all prior years2019-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-03-310
Remaining amount of unpaid minimum required contributions2019-03-310
Minimum required contributions for current year target normal cost2019-03-31914,187
Net shortfall amortization installment of oustanding balance2019-03-310
Total funding amount beforereflecting carryover/prefunding balances2019-03-310
Carryover balance elected to use to offset funding requirement2019-03-310
Prefunding balance elected to use to offset funding requirement2019-03-310
Additional cash requirement2019-03-310
Contributions allocatedtoward minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for all years2019-03-310
2018: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2018 401k membership
Total participants, beginning-of-year2018-04-01187
Total number of active participants reported on line 7a of the Form 55002018-04-01117
Number of retired or separated participants receiving benefits2018-04-0113
Number of other retired or separated participants entitled to future benefits2018-04-0150
Total of all active and inactive participants2018-04-01180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-04-010
Total participants2018-04-01180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-04-010
Market value of plan assets2018-03-3110,698,553
Acturial value of plan assets2018-03-3110,698,553
Funding target for retired participants and beneficiaries receiving payment2018-03-31870,959
Number of terminated vested participants2018-03-3139
Fundng target for terminated vested participants2018-03-311,540,859
Active participant vested funding target2018-03-315,657,961
Number of active participants2018-03-31143
Total funding liabilities for active participants2018-03-315,786,516
Total participant count2018-03-31193
Total funding target for all participants2018-03-318,198,334
Balance at beginning of prior year after applicable adjustments2018-03-310
Prefunding balance at beginning of prior year after applicable adjustments2018-03-313,059,221
Carryover balanced portion elected for use to offset prior years funding requirement2018-03-310
Prefunding balanced used to offset prior years funding requirement2018-03-310
Amount remaining of carryover balance2018-03-310
Amount remaining of prefunding balance2018-03-313,059,221
Present value of excess contributions2018-03-31798,996
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-03-31849,413
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-03-31849,413
Reductions in prefunding balances due to elections or deemed elections2018-03-3173,141
Balance of carryovers at beginning of current year2018-03-310
Balance of prefunding at beginning of current year2018-03-314,139,885
Total employer contributions2018-03-317,500,000
Total employee contributions2018-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-03-310
Contributions made to avoid restrictions adjusted to valuation date2018-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-03-317,168,151
Liquidity shortfalls end of Q12018-03-310
Liquidity shortfalls end of Q22018-03-310
Liquidity shortfalls end of Q32018-03-310
Liquidity shortfalls end of Q42018-03-310
Unpaid minimum required contributions for all prior years2018-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-03-310
Remaining amount of unpaid minimum required contributions2018-03-310
Minimum required contributions for current year target normal cost2018-03-31786,893
Net shortfall amortization installment of oustanding balance2018-03-310
Total funding amount beforereflecting carryover/prefunding balances2018-03-31786,893
Carryover balance elected to use to offset funding requirement2018-03-310
Prefunding balance elected to use to offset funding requirement2018-03-310
Additional cash requirement2018-03-31786,893
Contributions allocatedtoward minimum required contributions for current year2018-03-317,168,151
Unpaid minimum required contributions for current year2018-03-310
Unpaid minimum required contributions for all years2018-03-310
2017: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2017 401k membership
Total participants, beginning-of-year2017-04-01193
Total number of active participants reported on line 7a of the Form 55002017-04-01127
Number of retired or separated participants receiving benefits2017-04-0148
Number of other retired or separated participants entitled to future benefits2017-04-0112
Total of all active and inactive participants2017-04-01187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-04-010
Total participants2017-04-01187
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-04-010
Market value of plan assets2017-03-318,667,534
Acturial value of plan assets2017-03-318,667,534
Funding target for retired participants and beneficiaries receiving payment2017-03-31824,633
Number of terminated vested participants2017-03-3142
Fundng target for terminated vested participants2017-03-311,611,797
Active participant vested funding target2017-03-314,445,632
Number of active participants2017-03-31158
Total funding liabilities for active participants2017-03-314,573,961
Total participant count2017-03-31208
Total funding target for all participants2017-03-317,010,391
Balance at beginning of prior year after applicable adjustments2017-03-310
Prefunding balance at beginning of prior year after applicable adjustments2017-03-312,752,124
Carryover balanced portion elected for use to offset prior years funding requirement2017-03-310
Prefunding balanced used to offset prior years funding requirement2017-03-310
Amount remaining of carryover balance2017-03-310
Amount remaining of prefunding balance2017-03-312,752,124
Present value of excess contributions2017-03-31963,436
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-311,025,963
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-03-311,025,963
Reductions in prefunding balances due to elections or deemed elections2017-03-31695,748
Balance of carryovers at beginning of current year2017-03-310
Balance of prefunding at beginning of current year2017-03-313,059,221
Total employer contributions2017-03-311,500,000
Total employee contributions2017-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-03-310
Contributions made to avoid restrictions adjusted to valuation date2017-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-03-311,473,827
Liquidity shortfalls end of Q12017-03-310
Liquidity shortfalls end of Q22017-03-310
Liquidity shortfalls end of Q32017-03-310
Liquidity shortfalls end of Q42017-03-310
Unpaid minimum required contributions for all prior years2017-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-03-310
Remaining amount of unpaid minimum required contributions2017-03-310
Minimum required contributions for current year target normal cost2017-03-31674,831
Net shortfall amortization installment of oustanding balance2017-03-310
Waiver amortization installment2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-31674,831
Carryover balance elected to use to offset funding requirement2017-03-310
Prefunding balance elected to use to offset funding requirement2017-03-310
Additional cash requirement2017-03-31674,831
Contributions allocatedtoward minimum required contributions for current year2017-03-311,473,827
Unpaid minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for all years2017-03-310
2016: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year2016-04-01181
Total number of active participants reported on line 7a of the Form 55002016-04-01143
Number of retired or separated participants receiving benefits2016-04-0111
Number of other retired or separated participants entitled to future benefits2016-04-0139
Total of all active and inactive participants2016-04-01193
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-04-010
Total participants2016-04-01193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-04-013
2015: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year2015-04-01202
Total number of active participants reported on line 7a of the Form 55002015-04-01130
Number of retired or separated participants receiving benefits2015-04-018
Number of other retired or separated participants entitled to future benefits2015-04-0143
Total of all active and inactive participants2015-04-01181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-04-010
Total participants2015-04-01181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-04-016
2014: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year2014-04-01198
Total number of active participants reported on line 7a of the Form 55002014-04-01143
Number of retired or separated participants receiving benefits2014-04-013
Number of other retired or separated participants entitled to future benefits2014-04-0145
Total of all active and inactive participants2014-04-01191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-04-010
Total participants2014-04-01191
Number of participants with account balances2014-04-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-04-014
2013: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year2013-04-01198
Total number of active participants reported on line 7a of the Form 55002013-04-01142
Number of retired or separated participants receiving benefits2013-04-012
Number of other retired or separated participants entitled to future benefits2013-04-0137
Total of all active and inactive participants2013-04-01181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-04-010
Total participants2013-04-01181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-04-014
2012: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year2012-04-01169
Total number of active participants reported on line 7a of the Form 55002012-04-01159
Number of retired or separated participants receiving benefits2012-04-012
Number of other retired or separated participants entitled to future benefits2012-04-0137
Total of all active and inactive participants2012-04-01198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-010
Total participants2012-04-01198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-013
2011: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year2011-04-01170
Total number of active participants reported on line 7a of the Form 55002011-04-01130
Number of retired or separated participants receiving benefits2011-04-012
Number of other retired or separated participants entitled to future benefits2011-04-0132
Total of all active and inactive participants2011-04-01164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-04-010
Total participants2011-04-01164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-04-013
2010: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2010 401k membership
Total participants, beginning-of-year2010-04-01183
Total number of active participants reported on line 7a of the Form 55002010-04-01143
Number of retired or separated participants receiving benefits2010-04-011
Number of other retired or separated participants entitled to future benefits2010-04-0126
Total of all active and inactive participants2010-04-01170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-04-010
Total participants2010-04-01170
Number of participants with account balances2010-04-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-04-011
2009: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year2009-04-01183
Total number of active participants reported on line 7a of the Form 55002009-04-01145
Number of retired or separated participants receiving benefits2009-04-011
Number of other retired or separated participants entitled to future benefits2009-04-0137
Total of all active and inactive participants2009-04-01183
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-04-010
Total participants2009-04-01183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-04-015

Financial Data on THE RETIREMENT PLAN OF GORHAM SAVINGS BANK

Measure Date Value
2022 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-03-11$-3,779,152
Total unrealized appreciation/depreciation of assets2022-03-11$-3,779,152
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-03-11$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-03-11$0
Total income from all sources (including contributions)2022-03-11$1,280,061
Total loss/gain on sale of assets2022-03-11$4,402,455
Total of all expenses incurred2022-03-11$25,841,708
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-03-11$25,841,708
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-03-11$426,330
Value of total assets at end of year2022-03-11$0
Value of total assets at beginning of year2022-03-11$24,561,647
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-03-11$0
Total interest from all sources2022-03-11$83,647
Total dividends received (eg from common stock, registered investment company shares)2022-03-11$146,781
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-03-11Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-03-11$0
Was this plan covered by a fidelity bond2022-03-11Yes
Value of fidelity bond cover2022-03-11$3,000,000
If this is an individual account plan, was there a blackout period2022-03-11No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2022-03-11$0
Were there any nonexempt tranactions with any party-in-interest2022-03-11No
Income. Received or receivable in cash from other sources (including rollovers)2022-03-11$3,330
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-03-11$7,465,110
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-03-11No
Value of net income/loss2022-03-11$-24,561,647
Value of net assets at end of year (total assets less liabilities)2022-03-11$0
Value of net assets at beginning of year (total assets less liabilities)2022-03-11$24,561,647
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-03-11No
Were any loans by the plan or fixed income obligations due to the plan in default2022-03-11No
Were any leases to which the plan was party in default or uncollectible2022-03-11No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-03-11$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-03-11$17,742,967
Income. Interest from US Government securities2022-03-11$68,611
Income. Interest from corporate debt instruments2022-03-11$15,036
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-03-11$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-03-11$328,908
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-03-11$328,908
Asset value of US Government securities at end of year2022-03-11$0
Asset value of US Government securities at beginning of year2022-03-11$932,451
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-03-11Yes
Was there a failure to transmit to the plan any participant contributions2022-03-11No
Has the plan failed to provide any benefit when due under the plan2022-03-11No
Contributions received in cash from employer2022-03-11$423,000
Employer contributions (assets) at end of year2022-03-11$0
Employer contributions (assets) at beginning of year2022-03-11$460,000
Income. Dividends from common stock2022-03-11$146,781
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-03-11$18,376,598
Asset. Corporate debt instrument debt (other) at end of year2022-03-11$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-03-11$900,560
Assets. Corporate common stocks other than exployer securities at end of year2022-03-11$0
Assets. Corporate common stocks other than exployer securities at beginning of year2022-03-11$4,196,761
Did the plan have assets held for investment2022-03-11No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-03-11No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-03-11Yes
Aggregate proceeds on sale of assets2022-03-11$4,402,455
Opinion of an independent qualified public accountant for this plan2022-03-11Unqualified
Accountancy firm name2022-03-11BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2022-03-11010523282
2021 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-03-31$2,524,945
Total unrealized appreciation/depreciation of assets2021-03-31$2,524,945
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-03-31$0
Total income from all sources (including contributions)2021-03-31$7,139,506
Total loss/gain on sale of assets2021-03-31$1,218,293
Total of all expenses incurred2021-03-31$686,038
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-03-31$686,038
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-03-31$2,966,081
Value of total assets at end of year2021-03-31$24,561,647
Value of total assets at beginning of year2021-03-31$18,108,179
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-03-31$0
Total interest from all sources2021-03-31$53,722
Total dividends received (eg from common stock, registered investment company shares)2021-03-31$376,465
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-03-31No
Administrative expenses professional fees incurred2021-03-31$0
Was this plan covered by a fidelity bond2021-03-31Yes
Value of fidelity bond cover2021-03-31$3,000,000
If this is an individual account plan, was there a blackout period2021-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-03-31$0
Were there any nonexempt tranactions with any party-in-interest2021-03-31No
Income. Received or receivable in cash from other sources (including rollovers)2021-03-31$6,081
Other income not declared elsewhere2021-03-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-03-31No
Value of net income/loss2021-03-31$6,453,468
Value of net assets at end of year (total assets less liabilities)2021-03-31$24,561,647
Value of net assets at beginning of year (total assets less liabilities)2021-03-31$18,108,179
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-03-31No
Were any leases to which the plan was party in default or uncollectible2021-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-03-31$17,742,967
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-03-31$10,942,785
Income. Interest from US Government securities2021-03-31$13,864
Income. Interest from corporate debt instruments2021-03-31$39,858
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-03-31$328,908
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-03-31$3,210,039
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-03-31$3,210,039
Asset value of US Government securities at end of year2021-03-31$932,451
Asset value of US Government securities at beginning of year2021-03-31$1,114,129
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-03-31Yes
Was there a failure to transmit to the plan any participant contributions2021-03-31No
Has the plan failed to provide any benefit when due under the plan2021-03-31No
Contributions received in cash from employer2021-03-31$2,960,000
Employer contributions (assets) at end of year2021-03-31$460,000
Employer contributions (assets) at beginning of year2021-03-31$0
Income. Dividends from common stock2021-03-31$376,465
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-03-31$686,038
Asset. Corporate debt instrument debt (other) at end of year2021-03-31$900,560
Asset. Corporate debt instrument debt (other) at beginning of year2021-03-31$843,967
Assets. Corporate common stocks other than exployer securities at end of year2021-03-31$4,196,761
Assets. Corporate common stocks other than exployer securities at beginning of year2021-03-31$1,997,259
Did the plan have assets held for investment2021-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-03-31No
Aggregate proceeds on sale of assets2021-03-31$1,218,293
Opinion of an independent qualified public accountant for this plan2021-03-31Unqualified
Accountancy firm name2021-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2021-03-31010523282
2020 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-03-31$-997,599
Total unrealized appreciation/depreciation of assets2020-03-31$-997,599
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-03-31$0
Total income from all sources (including contributions)2020-03-31$-792,203
Total loss/gain on sale of assets2020-03-31$-317,947
Total of all expenses incurred2020-03-31$303,085
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-03-31$303,085
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-03-31$0
Value of total assets at end of year2020-03-31$18,108,179
Value of total assets at beginning of year2020-03-31$19,203,467
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-03-31$0
Total interest from all sources2020-03-31$67,509
Total dividends received (eg from common stock, registered investment company shares)2020-03-31$455,834
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-03-31$410,157
Was this plan covered by a fidelity bond2020-03-31Yes
Value of fidelity bond cover2020-03-31$7,000,000
If this is an individual account plan, was there a blackout period2020-03-31No
Were there any nonexempt tranactions with any party-in-interest2020-03-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-31No
Value of net income/loss2020-03-31$-1,095,288
Value of net assets at end of year (total assets less liabilities)2020-03-31$18,108,179
Value of net assets at beginning of year (total assets less liabilities)2020-03-31$19,203,467
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-03-31No
Were any leases to which the plan was party in default or uncollectible2020-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-03-31$10,942,785
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-03-31$13,811,778
Income. Interest from US Government securities2020-03-31$20,110
Income. Interest from corporate debt instruments2020-03-31$27,187
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-03-31$3,210,039
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-03-31$1,519,826
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-03-31$1,519,826
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-03-31$20,212
Asset value of US Government securities at end of year2020-03-31$1,114,129
Asset value of US Government securities at beginning of year2020-03-31$1,202,233
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-03-31Yes
Was there a failure to transmit to the plan any participant contributions2020-03-31No
Has the plan failed to provide any benefit when due under the plan2020-03-31No
Income. Dividends from common stock2020-03-31$45,677
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-03-31$303,085
Asset. Corporate debt instrument debt (other) at end of year2020-03-31$843,967
Asset. Corporate debt instrument debt (other) at beginning of year2020-03-31$817,586
Assets. Corporate common stocks other than exployer securities at end of year2020-03-31$1,997,259
Assets. Corporate common stocks other than exployer securities at beginning of year2020-03-31$1,852,044
Did the plan have assets held for investment2020-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-03-31No
Aggregate proceeds on sale of assets2020-03-31$-317,947
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2020-03-31Yes
Opinion of an independent qualified public accountant for this plan2020-03-31Disclaimer
Accountancy firm name2020-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2020-03-31010523282
2019 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-03-31$196,310
Total unrealized appreciation/depreciation of assets2019-03-31$196,310
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-03-31$0
Total income from all sources (including contributions)2019-03-31$847,439
Total loss/gain on sale of assets2019-03-31$144,827
Total of all expenses incurred2019-03-31$367,555
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-03-31$367,555
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-03-31$0
Value of total assets at end of year2019-03-31$19,203,467
Value of total assets at beginning of year2019-03-31$18,723,583
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-03-31$0
Total interest from all sources2019-03-31$68,524
Total dividends received (eg from common stock, registered investment company shares)2019-03-31$437,778
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-03-31$403,719
Assets. Corporate prefeered stocks other than exployer securities at end of year2019-03-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2019-03-31$0
Was this plan covered by a fidelity bond2019-03-31Yes
Value of fidelity bond cover2019-03-31$7,000,000
If this is an individual account plan, was there a blackout period2019-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-03-31$0
Were there any nonexempt tranactions with any party-in-interest2019-03-31No
Assets. Other investments not covered elsewhere at end of year2019-03-31$0
Assets. Other investments not covered elsewhere at beginning of year2019-03-31$50,154
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-03-31No
Value of net income/loss2019-03-31$479,884
Value of net assets at end of year (total assets less liabilities)2019-03-31$19,203,467
Value of net assets at beginning of year (total assets less liabilities)2019-03-31$18,723,583
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-03-31No
Were any leases to which the plan was party in default or uncollectible2019-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-03-31$13,811,778
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-03-31$12,913,978
Income. Interest from US Government securities2019-03-31$16,534
Income. Interest from corporate debt instruments2019-03-31$23,519
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-03-31$1,519,826
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-03-31$2,999,592
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-03-31$2,999,592
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-03-31$28,471
Asset value of US Government securities at end of year2019-03-31$1,202,233
Asset value of US Government securities at beginning of year2019-03-31$639,641
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-03-31Yes
Was there a failure to transmit to the plan any participant contributions2019-03-31No
Has the plan failed to provide any benefit when due under the plan2019-03-31No
Income. Dividends from common stock2019-03-31$34,059
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-03-31$367,555
Asset. Corporate debt instrument debt (other) at end of year2019-03-31$817,586
Asset. Corporate debt instrument debt (other) at beginning of year2019-03-31$660,870
Assets. Corporate common stocks other than exployer securities at end of year2019-03-31$1,852,044
Assets. Corporate common stocks other than exployer securities at beginning of year2019-03-31$1,459,348
Did the plan have assets held for investment2019-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-03-31No
Aggregate proceeds on sale of assets2019-03-31$3,802,122
Aggregate carrying amount (costs) on sale of assets2019-03-31$3,657,295
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-03-31Yes
Opinion of an independent qualified public accountant for this plan2019-03-31Disclaimer
Accountancy firm name2019-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2019-03-31010523282
2018 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-03-31$418,897
Total unrealized appreciation/depreciation of assets2018-03-31$418,897
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-03-31$0
Total income from all sources (including contributions)2018-03-31$8,409,905
Total loss/gain on sale of assets2018-03-31$186,756
Total of all expenses incurred2018-03-31$384,875
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-03-31$384,709
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-03-31$7,500,000
Value of total assets at end of year2018-03-31$18,723,583
Value of total assets at beginning of year2018-03-31$10,698,553
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-03-31$166
Total interest from all sources2018-03-31$30,515
Total dividends received (eg from common stock, registered investment company shares)2018-03-31$273,560
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-03-31$253,175
Assets. Corporate prefeered stocks other than exployer securities at end of year2018-03-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2018-03-31$0
Was this plan covered by a fidelity bond2018-03-31Yes
Value of fidelity bond cover2018-03-31$7,000,000
If this is an individual account plan, was there a blackout period2018-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-03-31$0
Were there any nonexempt tranactions with any party-in-interest2018-03-31No
Assets. Other investments not covered elsewhere at end of year2018-03-31$50,154
Assets. Other investments not covered elsewhere at beginning of year2018-03-31$51,434
Other income not declared elsewhere2018-03-31$177
Administrative expenses (other) incurred2018-03-31$166
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-03-31No
Value of net income/loss2018-03-31$8,025,030
Value of net assets at end of year (total assets less liabilities)2018-03-31$18,723,583
Value of net assets at beginning of year (total assets less liabilities)2018-03-31$10,698,553
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-03-31No
Were any leases to which the plan was party in default or uncollectible2018-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-03-31$12,913,978
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-03-31$8,483,902
Income. Interest from US Government securities2018-03-31$11,640
Income. Interest from corporate debt instruments2018-03-31$16,638
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-03-31$2,999,592
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-03-31$42,817
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-03-31$42,817
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-03-31$2,237
Asset value of US Government securities at end of year2018-03-31$639,641
Asset value of US Government securities at beginning of year2018-03-31$452,869
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-03-31Yes
Was there a failure to transmit to the plan any participant contributions2018-03-31No
Has the plan failed to provide any benefit when due under the plan2018-03-31No
Contributions received in cash from employer2018-03-31$7,500,000
Income. Dividends from common stock2018-03-31$20,385
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-03-31$384,709
Asset. Corporate debt instrument debt (other) at end of year2018-03-31$660,870
Asset. Corporate debt instrument debt (other) at beginning of year2018-03-31$552,818
Assets. Corporate common stocks other than exployer securities at end of year2018-03-31$1,459,348
Assets. Corporate common stocks other than exployer securities at beginning of year2018-03-31$1,114,713
Did the plan have assets held for investment2018-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-03-31No
Aggregate proceeds on sale of assets2018-03-31$7,710,042
Aggregate carrying amount (costs) on sale of assets2018-03-31$7,523,286
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-03-31Yes
Opinion of an independent qualified public accountant for this plan2018-03-31Disclaimer
Accountancy firm name2018-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2018-03-31010523282
2017 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-03-31$575,007
Total unrealized appreciation/depreciation of assets2017-03-31$575,007
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-03-31$0
Total income from all sources (including contributions)2017-03-31$2,460,036
Total loss/gain on sale of assets2017-03-31$157,294
Total of all expenses incurred2017-03-31$429,017
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-03-31$428,934
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-03-31$1,500,000
Value of total assets at end of year2017-03-31$10,698,553
Value of total assets at beginning of year2017-03-31$8,667,534
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-03-31$83
Total interest from all sources2017-03-31$31,706
Total dividends received (eg from common stock, registered investment company shares)2017-03-31$196,029
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-03-31$175,703
Assets. Corporate prefeered stocks other than exployer securities at end of year2017-03-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2017-03-31$0
Was this plan covered by a fidelity bond2017-03-31Yes
Value of fidelity bond cover2017-03-31$500,000
If this is an individual account plan, was there a blackout period2017-03-31No
Were there any nonexempt tranactions with any party-in-interest2017-03-31No
Assets. Other investments not covered elsewhere at end of year2017-03-31$51,434
Assets. Other investments not covered elsewhere at beginning of year2017-03-31$52,317
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-03-31No
Value of net income/loss2017-03-31$2,031,019
Value of net assets at end of year (total assets less liabilities)2017-03-31$10,698,553
Value of net assets at beginning of year (total assets less liabilities)2017-03-31$8,667,534
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-03-31No
Were any leases to which the plan was party in default or uncollectible2017-03-31No
Investment advisory and management fees2017-03-31$83
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-03-31$8,483,902
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-03-31$6,364,731
Income. Interest from US Government securities2017-03-31$10,645
Income. Interest from corporate debt instruments2017-03-31$20,875
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-03-31$42,817
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-03-31$246,508
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-03-31$246,508
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-03-31$186
Asset value of US Government securities at end of year2017-03-31$452,869
Asset value of US Government securities at beginning of year2017-03-31$418,060
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-03-31Yes
Was there a failure to transmit to the plan any participant contributions2017-03-31No
Has the plan failed to provide any benefit when due under the plan2017-03-31No
Contributions received in cash from employer2017-03-31$1,500,000
Employer contributions (assets) at end of year2017-03-31$0
Employer contributions (assets) at beginning of year2017-03-31$0
Income. Dividends from common stock2017-03-31$20,326
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-03-31$428,934
Asset. Corporate debt instrument debt (other) at end of year2017-03-31$552,818
Asset. Corporate debt instrument debt (other) at beginning of year2017-03-31$632,279
Assets. Corporate common stocks other than exployer securities at end of year2017-03-31$1,114,713
Assets. Corporate common stocks other than exployer securities at beginning of year2017-03-31$953,639
Did the plan have assets held for investment2017-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-03-31No
Aggregate proceeds on sale of assets2017-03-31$3,494,345
Aggregate carrying amount (costs) on sale of assets2017-03-31$3,337,051
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-03-31Yes
Opinion of an independent qualified public accountant for this plan2017-03-31Disclaimer
Accountancy firm name2017-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2017-03-31010523282
2016 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-03-31$-325,705
Total unrealized appreciation/depreciation of assets2016-03-31$-325,705
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-03-31$0
Total income from all sources (including contributions)2016-03-31$1,425,096
Total loss/gain on sale of assets2016-03-31$10,099
Total of all expenses incurred2016-03-31$495,729
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-03-31$495,729
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-03-31$1,500,000
Value of total assets at end of year2016-03-31$8,667,534
Value of total assets at beginning of year2016-03-31$7,738,167
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-03-31$0
Total interest from all sources2016-03-31$42,936
Total dividends received (eg from common stock, registered investment company shares)2016-03-31$197,766
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-03-31$180,625
Assets. Corporate prefeered stocks other than exployer securities at end of year2016-03-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-03-31$23,319
Was this plan covered by a fidelity bond2016-03-31Yes
Value of fidelity bond cover2016-03-31$7,000,000
If this is an individual account plan, was there a blackout period2016-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-03-31$0
Were there any nonexempt tranactions with any party-in-interest2016-03-31No
Contributions received from participants2016-03-31$0
Assets. Other investments not covered elsewhere at end of year2016-03-31$52,317
Assets. Other investments not covered elsewhere at beginning of year2016-03-31$52,988
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-03-31No
Value of net income/loss2016-03-31$929,367
Value of net assets at end of year (total assets less liabilities)2016-03-31$8,667,534
Value of net assets at beginning of year (total assets less liabilities)2016-03-31$7,738,167
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-03-31No
Were any leases to which the plan was party in default or uncollectible2016-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-03-31$6,364,731
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-03-31$5,807,972
Interest earned on other investments2016-03-31$11,013
Income. Interest from US Government securities2016-03-31$10,065
Income. Interest from corporate debt instruments2016-03-31$21,829
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-03-31$246,508
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-03-31$186,464
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-03-31$186,464
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-03-31$29
Asset value of US Government securities at end of year2016-03-31$418,060
Asset value of US Government securities at beginning of year2016-03-31$412,807
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-03-31Yes
Was there a failure to transmit to the plan any participant contributions2016-03-31No
Has the plan failed to provide any benefit when due under the plan2016-03-31No
Contributions received in cash from employer2016-03-31$1,500,000
Employer contributions (assets) at end of year2016-03-31$0
Employer contributions (assets) at beginning of year2016-03-31$0
Income. Dividends from preferred stock2016-03-31$423
Income. Dividends from common stock2016-03-31$16,718
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-03-31$495,729
Asset. Corporate debt instrument debt (other) at end of year2016-03-31$632,279
Asset. Corporate debt instrument debt (other) at beginning of year2016-03-31$629,045
Assets. Corporate common stocks other than exployer securities at end of year2016-03-31$953,639
Assets. Corporate common stocks other than exployer securities at beginning of year2016-03-31$625,572
Did the plan have assets held for investment2016-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-03-31No
Aggregate proceeds on sale of assets2016-03-31$3,521,181
Aggregate carrying amount (costs) on sale of assets2016-03-31$3,511,082
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-03-31Yes
Opinion of an independent qualified public accountant for this plan2016-03-31Disclaimer
Accountancy firm name2016-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2016-03-31010523282
2015 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-03-31$165,078
Total unrealized appreciation/depreciation of assets2015-03-31$165,078
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-03-31$0
Total income from all sources (including contributions)2015-03-31$1,283,527
Total loss/gain on sale of assets2015-03-31$48,802
Total of all expenses incurred2015-03-31$180,367
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-03-31$180,367
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-03-31$850,000
Value of total assets at end of year2015-03-31$7,738,167
Value of total assets at beginning of year2015-03-31$6,635,007
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-03-31$0
Total interest from all sources2015-03-31$30,330
Total dividends received (eg from common stock, registered investment company shares)2015-03-31$177,515
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-03-31$163,061
Assets. Corporate prefeered stocks other than exployer securities at end of year2015-03-31$23,319
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2015-03-31$22,635
Was this plan covered by a fidelity bond2015-03-31Yes
Value of fidelity bond cover2015-03-31$7,000,000
If this is an individual account plan, was there a blackout period2015-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-03-31$0
Were there any nonexempt tranactions with any party-in-interest2015-03-31No
Assets. Other investments not covered elsewhere at end of year2015-03-31$52,988
Assets. Other investments not covered elsewhere at beginning of year2015-03-31$52,777
Other income not declared elsewhere2015-03-31$11,802
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-03-31No
Value of net income/loss2015-03-31$1,103,160
Value of net assets at end of year (total assets less liabilities)2015-03-31$7,738,167
Value of net assets at beginning of year (total assets less liabilities)2015-03-31$6,635,007
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-03-31No
Were any leases to which the plan was party in default or uncollectible2015-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-03-31$5,807,972
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-03-31$4,655,582
Income. Interest from US Government securities2015-03-31$10,074
Income. Interest from corporate debt instruments2015-03-31$20,233
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-03-31$186,464
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-03-31$197,941
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-03-31$197,941
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-03-31$23
Asset value of US Government securities at end of year2015-03-31$412,807
Asset value of US Government securities at beginning of year2015-03-31$377,239
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-03-31Yes
Was there a failure to transmit to the plan any participant contributions2015-03-31No
Has the plan failed to provide any benefit when due under the plan2015-03-31No
Contributions received in cash from employer2015-03-31$850,000
Employer contributions (assets) at end of year2015-03-31$0
Employer contributions (assets) at beginning of year2015-03-31$150,000
Income. Dividends from preferred stock2015-03-31$1,463
Income. Dividends from common stock2015-03-31$12,991
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-03-31$180,367
Asset. Corporate debt instrument debt (other) at end of year2015-03-31$629,045
Asset. Corporate debt instrument debt (other) at beginning of year2015-03-31$570,372
Assets. Corporate common stocks other than exployer securities at end of year2015-03-31$625,572
Assets. Corporate common stocks other than exployer securities at beginning of year2015-03-31$608,461
Did the plan have assets held for investment2015-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-03-31No
Aggregate proceeds on sale of assets2015-03-31$1,556,616
Aggregate carrying amount (costs) on sale of assets2015-03-31$1,507,814
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-03-31Yes
Opinion of an independent qualified public accountant for this plan2015-03-31Disclaimer
Accountancy firm name2015-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2015-03-31010523282
2014 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-03-31$116,289
Total unrealized appreciation/depreciation of assets2014-03-31$116,289
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-03-31$0
Total income from all sources (including contributions)2014-03-31$1,306,800
Total loss/gain on sale of assets2014-03-31$291,021
Total of all expenses incurred2014-03-31$19,605
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-03-31$19,571
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-03-31$750,000
Value of total assets at end of year2014-03-31$6,635,007
Value of total assets at beginning of year2014-03-31$5,347,812
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-03-31$34
Total interest from all sources2014-03-31$26,950
Total dividends received (eg from common stock, registered investment company shares)2014-03-31$122,486
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-03-31$111,305
Assets. Corporate prefeered stocks other than exployer securities at end of year2014-03-31$22,635
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2014-03-31$47,936
Was this plan covered by a fidelity bond2014-03-31Yes
Value of fidelity bond cover2014-03-31$7,000,000
If this is an individual account plan, was there a blackout period2014-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-03-31$0
Were there any nonexempt tranactions with any party-in-interest2014-03-31No
Assets. Other investments not covered elsewhere at end of year2014-03-31$52,777
Assets. Other investments not covered elsewhere at beginning of year2014-03-31$54,722
Other income not declared elsewhere2014-03-31$54
Administrative expenses (other) incurred2014-03-31$34
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-03-31No
Value of net income/loss2014-03-31$1,287,195
Value of net assets at end of year (total assets less liabilities)2014-03-31$6,635,007
Value of net assets at beginning of year (total assets less liabilities)2014-03-31$5,347,812
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-03-31No
Were any leases to which the plan was party in default or uncollectible2014-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-03-31$4,655,582
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-03-31$3,914,493
Income. Interest from US Government securities2014-03-31$8,499
Income. Interest from corporate debt instruments2014-03-31$18,430
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-03-31$197,941
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-03-31$149,041
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-03-31$149,041
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-03-31$21
Asset value of US Government securities at end of year2014-03-31$377,239
Asset value of US Government securities at beginning of year2014-03-31$347,416
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-03-31Yes
Was there a failure to transmit to the plan any participant contributions2014-03-31No
Has the plan failed to provide any benefit when due under the plan2014-03-31No
Contributions received in cash from employer2014-03-31$750,000
Employer contributions (assets) at end of year2014-03-31$150,000
Employer contributions (assets) at beginning of year2014-03-31$0
Income. Dividends from preferred stock2014-03-31$1,462
Income. Dividends from common stock2014-03-31$9,719
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-03-31$19,571
Asset. Corporate debt instrument debt (other) at end of year2014-03-31$570,372
Asset. Corporate debt instrument debt (other) at beginning of year2014-03-31$475,845
Assets. Corporate common stocks other than exployer securities at end of year2014-03-31$608,461
Assets. Corporate common stocks other than exployer securities at beginning of year2014-03-31$358,359
Did the plan have assets held for investment2014-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-03-31No
Aggregate proceeds on sale of assets2014-03-31$2,076,424
Aggregate carrying amount (costs) on sale of assets2014-03-31$1,785,403
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-03-31Yes
Opinion of an independent qualified public accountant for this plan2014-03-31Disclaimer
Accountancy firm name2014-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2014-03-31010523282
2013 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-03-31$275,844
Total unrealized appreciation/depreciation of assets2013-03-31$275,844
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-03-31$0
Total income from all sources (including contributions)2013-03-31$1,077,301
Total loss/gain on sale of assets2013-03-31$47,859
Total of all expenses incurred2013-03-31$455,350
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-03-31$455,314
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-03-31$600,000
Value of total assets at end of year2013-03-31$5,347,812
Value of total assets at beginning of year2013-03-31$4,725,861
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-03-31$36
Total interest from all sources2013-03-31$30,464
Total dividends received (eg from common stock, registered investment company shares)2013-03-31$123,388
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-03-31$114,458
Assets. Corporate prefeered stocks other than exployer securities at end of year2013-03-31$47,936
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-03-31$47,359
Was this plan covered by a fidelity bond2013-03-31Yes
Value of fidelity bond cover2013-03-31$7,000,000
If this is an individual account plan, was there a blackout period2013-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-03-31$0
Were there any nonexempt tranactions with any party-in-interest2013-03-31No
Assets. Other investments not covered elsewhere at end of year2013-03-31$54,722
Assets. Other investments not covered elsewhere at beginning of year2013-03-31$54,046
Other income not declared elsewhere2013-03-31$-254
Administrative expenses (other) incurred2013-03-31$36
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-03-31No
Value of net income/loss2013-03-31$621,951
Value of net assets at end of year (total assets less liabilities)2013-03-31$5,347,812
Value of net assets at beginning of year (total assets less liabilities)2013-03-31$4,725,861
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-03-31No
Were any leases to which the plan was party in default or uncollectible2013-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-03-31$3,914,493
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-03-31$3,152,848
Income. Interest from US Government securities2013-03-31$12,192
Income. Interest from corporate debt instruments2013-03-31$18,246
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-03-31$149,041
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-03-31$255,669
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-03-31$255,669
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-03-31$26
Asset value of US Government securities at end of year2013-03-31$347,416
Asset value of US Government securities at beginning of year2013-03-31$557,274
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-03-31Yes
Was there a failure to transmit to the plan any participant contributions2013-03-31No
Has the plan failed to provide any benefit when due under the plan2013-03-31No
Contributions received in cash from employer2013-03-31$600,000
Income. Dividends from preferred stock2013-03-31$3,088
Income. Dividends from common stock2013-03-31$5,842
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-03-31$455,314
Asset. Corporate debt instrument debt (other) at end of year2013-03-31$475,845
Asset. Corporate debt instrument debt (other) at beginning of year2013-03-31$437,101
Assets. Corporate common stocks other than exployer securities at end of year2013-03-31$358,359
Assets. Corporate common stocks other than exployer securities at beginning of year2013-03-31$221,564
Did the plan have assets held for investment2013-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-03-31No
Aggregate proceeds on sale of assets2013-03-31$1,967,479
Aggregate carrying amount (costs) on sale of assets2013-03-31$1,919,620
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-03-31Yes
Opinion of an independent qualified public accountant for this plan2013-03-31Disclaimer
Accountancy firm name2013-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2013-03-31010523282
2012 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-03-31$-110,287
Total unrealized appreciation/depreciation of assets2012-03-31$-110,287
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-03-31$0
Total income from all sources (including contributions)2012-03-31$921,693
Total loss/gain on sale of assets2012-03-31$194,940
Total of all expenses incurred2012-03-31$950,195
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-03-31$950,165
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-03-31$700,000
Value of total assets at end of year2012-03-31$4,725,861
Value of total assets at beginning of year2012-03-31$4,754,363
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-03-31$30
Total interest from all sources2012-03-31$42,005
Total dividends received (eg from common stock, registered investment company shares)2012-03-31$93,164
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-03-31$83,409
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-03-31$47,359
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-03-31$98,334
Was this plan covered by a fidelity bond2012-03-31Yes
Value of fidelity bond cover2012-03-31$7,000,000
If this is an individual account plan, was there a blackout period2012-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-03-31$0
Were there any nonexempt tranactions with any party-in-interest2012-03-31No
Assets. Other investments not covered elsewhere at end of year2012-03-31$54,046
Assets. Other investments not covered elsewhere at beginning of year2012-03-31$49,398
Other income not declared elsewhere2012-03-31$1,871
Administrative expenses (other) incurred2012-03-31$30
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-03-31No
Value of net income/loss2012-03-31$-28,502
Value of net assets at end of year (total assets less liabilities)2012-03-31$4,725,861
Value of net assets at beginning of year (total assets less liabilities)2012-03-31$4,754,363
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-03-31No
Were any leases to which the plan was party in default or uncollectible2012-03-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-03-31$3,152,848
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-03-31$3,035,312
Income. Interest from US Government securities2012-03-31$20,708
Income. Interest from corporate debt instruments2012-03-31$21,273
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-03-31$255,669
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-03-31$322,243
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-03-31$322,243
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-03-31$24
Asset value of US Government securities at end of year2012-03-31$557,274
Asset value of US Government securities at beginning of year2012-03-31$515,094
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-03-31Yes
Was there a failure to transmit to the plan any participant contributions2012-03-31No
Has the plan failed to provide any benefit when due under the plan2012-03-31No
Contributions received in cash from employer2012-03-31$700,000
Income. Dividends from preferred stock2012-03-31$5,257
Income. Dividends from common stock2012-03-31$4,498
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-03-31$950,165
Asset. Corporate debt instrument debt (other) at end of year2012-03-31$437,101
Asset. Corporate debt instrument debt (other) at beginning of year2012-03-31$507,192
Assets. Corporate common stocks other than exployer securities at end of year2012-03-31$221,564
Assets. Corporate common stocks other than exployer securities at beginning of year2012-03-31$226,790
Did the plan have assets held for investment2012-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-03-31No
Aggregate proceeds on sale of assets2012-03-31$2,538,744
Aggregate carrying amount (costs) on sale of assets2012-03-31$2,343,804
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-03-31Yes
Opinion of an independent qualified public accountant for this plan2012-03-31Disclaimer
Accountancy firm name2012-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2012-03-31010523282
2011 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-03-31$145,784
Total unrealized appreciation/depreciation of assets2011-03-31$145,784
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-03-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-03-31$0
Total income from all sources (including contributions)2011-03-31$1,523,121
Total loss/gain on sale of assets2011-03-31$116,899
Total of all expenses incurred2011-03-31$139,852
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-03-31$139,835
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-03-31$1,140,000
Value of total assets at end of year2011-03-31$4,754,363
Value of total assets at beginning of year2011-03-31$3,371,094
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-03-31$17
Total interest from all sources2011-03-31$37,108
Total dividends received (eg from common stock, registered investment company shares)2011-03-31$72,076
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-03-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-03-31$67,285
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-03-31$98,334
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-03-31$93,475
Was this plan covered by a fidelity bond2011-03-31Yes
Value of fidelity bond cover2011-03-31$7,000,000
If this is an individual account plan, was there a blackout period2011-03-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-03-31$0
Were there any nonexempt tranactions with any party-in-interest2011-03-31No
Assets. Other investments not covered elsewhere at end of year2011-03-31$49,398
Assets. Other investments not covered elsewhere at beginning of year2011-03-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-03-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-03-31$6,053
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-03-31No
Value of net income/loss2011-03-31$1,383,269
Value of net assets at end of year (total assets less liabilities)2011-03-31$4,754,363
Value of net assets at beginning of year (total assets less liabilities)2011-03-31$3,371,094
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-03-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-03-31No
Were any leases to which the plan was party in default or uncollectible2011-03-31No
Investment advisory and management fees2011-03-31$17
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-03-31$3,035,312
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-03-31$482,565
Income. Interest from US Government securities2011-03-31$8,647
Income. Interest from corporate debt instruments2011-03-31$28,444
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-03-31$322,243
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-03-31$115,673
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-03-31$115,673
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-03-31$17
Asset value of US Government securities at end of year2011-03-31$515,094
Asset value of US Government securities at beginning of year2011-03-31$62,720
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-03-31$11,254
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-03-31Yes
Was there a failure to transmit to the plan any participant contributions2011-03-31No
Has the plan failed to provide any benefit when due under the plan2011-03-31No
Contributions received in cash from employer2011-03-31$1,140,000
Income. Dividends from preferred stock2011-03-31$1,463
Income. Dividends from common stock2011-03-31$3,328
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-03-31$139,835
Asset. Corporate debt instrument debt (other) at end of year2011-03-31$507,192
Asset. Corporate debt instrument debt (other) at beginning of year2011-03-31$483,156
Assets. Corporate common stocks other than exployer securities at end of year2011-03-31$226,790
Assets. Corporate common stocks other than exployer securities at beginning of year2011-03-31$2,127,452
Did the plan have assets held for investment2011-03-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-03-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-03-31No
Aggregate proceeds on sale of assets2011-03-31$2,081,700
Aggregate carrying amount (costs) on sale of assets2011-03-31$1,964,801
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-03-31Yes
Opinion of an independent qualified public accountant for this plan2011-03-31Disclaimer
Accountancy firm name2011-03-31BERRY, DUNN, MCNEIL, & PARKER
Accountancy firm EIN2011-03-31010523282
2010 : THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-03-31$0

Form 5500 Responses for THE RETIREMENT PLAN OF GORHAM SAVINGS BANK

2021: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2021 form 5500 responses
2021-04-01Type of plan entitySingle employer plan
2021-04-01Submission has been amendedNo
2021-04-01This submission is the final filingYes
2021-04-01This return/report is a short plan year return/report (less than 12 months)Yes
2021-04-01Plan is a collectively bargained planNo
2021-04-01Plan funding arrangement – TrustYes
2021-04-01Plan benefit arrangement - TrustYes
2020: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2020 form 5500 responses
2020-04-01Type of plan entitySingle employer plan
2020-04-01Submission has been amendedNo
2020-04-01This submission is the final filingNo
2020-04-01This return/report is a short plan year return/report (less than 12 months)No
2020-04-01Plan is a collectively bargained planNo
2020-04-01Plan funding arrangement – TrustYes
2020-04-01Plan benefit arrangement - TrustYes
2019: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2019 form 5500 responses
2019-04-01Type of plan entitySingle employer plan
2019-04-01Submission has been amendedNo
2019-04-01This submission is the final filingNo
2019-04-01This return/report is a short plan year return/report (less than 12 months)No
2019-04-01Plan is a collectively bargained planNo
2019-04-01Plan funding arrangement – TrustYes
2019-04-01Plan benefit arrangement - TrustYes
2018: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2018 form 5500 responses
2018-04-01Type of plan entitySingle employer plan
2018-04-01Submission has been amendedNo
2018-04-01This submission is the final filingNo
2018-04-01This return/report is a short plan year return/report (less than 12 months)No
2018-04-01Plan is a collectively bargained planNo
2018-04-01Plan funding arrangement – TrustYes
2018-04-01Plan benefit arrangement - TrustYes
2017: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2017 form 5500 responses
2017-04-01Type of plan entitySingle employer plan
2017-04-01Submission has been amendedNo
2017-04-01This submission is the final filingNo
2017-04-01This return/report is a short plan year return/report (less than 12 months)No
2017-04-01Plan is a collectively bargained planNo
2017-04-01Plan funding arrangement – TrustYes
2017-04-01Plan benefit arrangement - TrustYes
2016: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2016 form 5500 responses
2016-04-01Type of plan entitySingle employer plan
2016-04-01Submission has been amendedNo
2016-04-01This submission is the final filingNo
2016-04-01This return/report is a short plan year return/report (less than 12 months)No
2016-04-01Plan is a collectively bargained planNo
2016-04-01Plan funding arrangement – TrustYes
2016-04-01Plan benefit arrangement - TrustYes
2015: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2015 form 5500 responses
2015-04-01Type of plan entitySingle employer plan
2015-04-01Submission has been amendedNo
2015-04-01This submission is the final filingNo
2015-04-01This return/report is a short plan year return/report (less than 12 months)No
2015-04-01Plan is a collectively bargained planNo
2015-04-01Plan funding arrangement – TrustYes
2015-04-01Plan benefit arrangement - TrustYes
2014: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2014 form 5500 responses
2014-04-01Type of plan entitySingle employer plan
2014-04-01Submission has been amendedNo
2014-04-01This submission is the final filingNo
2014-04-01This return/report is a short plan year return/report (less than 12 months)No
2014-04-01Plan is a collectively bargained planNo
2014-04-01Plan funding arrangement – TrustYes
2014-04-01Plan benefit arrangement - TrustYes
2013: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2013 form 5500 responses
2013-04-01Type of plan entitySingle employer plan
2013-04-01Submission has been amendedNo
2013-04-01This submission is the final filingNo
2013-04-01This return/report is a short plan year return/report (less than 12 months)No
2013-04-01Plan is a collectively bargained planNo
2013-04-01Plan funding arrangement – TrustYes
2013-04-01Plan benefit arrangement - TrustYes
2012: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2012 form 5500 responses
2012-04-01Type of plan entitySingle employer plan
2012-04-01Submission has been amendedNo
2012-04-01This submission is the final filingNo
2012-04-01This return/report is a short plan year return/report (less than 12 months)No
2012-04-01Plan is a collectively bargained planNo
2012-04-01Plan funding arrangement – TrustYes
2012-04-01Plan benefit arrangement - TrustYes
2011: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2011 form 5500 responses
2011-04-01Type of plan entitySingle employer plan
2011-04-01Submission has been amendedNo
2011-04-01This submission is the final filingNo
2011-04-01This return/report is a short plan year return/report (less than 12 months)No
2011-04-01Plan is a collectively bargained planNo
2011-04-01Plan funding arrangement – TrustYes
2011-04-01Plan benefit arrangement - TrustYes
2010: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2010 form 5500 responses
2010-04-01Type of plan entitySingle employer plan
2010-04-01Submission has been amendedNo
2010-04-01This submission is the final filingNo
2010-04-01This return/report is a short plan year return/report (less than 12 months)No
2010-04-01Plan is a collectively bargained planNo
2010-04-01Plan funding arrangement – TrustYes
2010-04-01Plan benefit arrangement - TrustYes
2009: THE RETIREMENT PLAN OF GORHAM SAVINGS BANK 2009 form 5500 responses
2009-04-01Type of plan entitySingle employer plan
2009-04-01Submission has been amendedNo
2009-04-01This submission is the final filingNo
2009-04-01This return/report is a short plan year return/report (less than 12 months)No
2009-04-01Plan is a collectively bargained planNo
2009-04-01Plan funding arrangement – TrustYes
2009-04-01Plan benefit arrangement - TrustYes

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