401k Plan data: DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN plan

DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	011

DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.

401k Sponsoring company profile

PEOPLE'S UNITED BANK, N.A. has sponsored the creation of one or more 401k plans.

Company Name: PEOPLE'S UNITED BANK, N.A.

Employer identification number (EIN): 061213065

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
011 2013-01-01 MICHELLE MCNEIL MICHELLE MCNEIL 2014-10-07
011 2012-01-01 MICHELLE MCNEIL MICHELLE MCNEIL 2013-10-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
011	2013-01-01	MICHELLE MCNEIL		MICHELLE MCNEIL	2014-10-07
011	2012-01-01	MICHELLE MCNEIL		MICHELLE MCNEIL	2013-10-15

Plan Statistics for DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2013: DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 184
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 271
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 75
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 109
Total of all active and inactive participants 2012-01-01 184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 184
Number of participants with account balances 2012-01-01 184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0

Measure	Date	Value
2013: DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	184
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	271
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	75
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	109
Total of all active and inactive participants	2012-01-01	184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	184
Number of participants with account balances	2012-01-01	184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0

Financial Data on DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2013 : DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets	2013-12-27	$627,221
Total unrealized appreciation/depreciation of assets	2013-12-27	$627,221
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-27	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-27	$0
Total income from all sources (including contributions)	2013-12-27	$1,879,218
Total loss/gain on sale of assets	2013-12-27	$897,029
Total of all expenses incurred	2013-12-27	$13,037,104
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-27	$13,037,104
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-27	$0
Value of total assets at end of year	2013-12-27	$0
Value of total assets at beginning of year	2013-12-27	$11,157,886
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-27	$0
Total interest from all sources	2013-12-27	$1,870
Total dividends received (eg from common stock, registered investment company shares)	2013-12-27	$353,098
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-27	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2013-12-27	$0
Administrative expenses professional fees incurred	2013-12-27	$0
Was this plan covered by a fidelity bond	2013-12-27	Yes
Value of fidelity bond cover	2013-12-27	$10,000,000
If this is an individual account plan, was there a blackout period	2013-12-27	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-27	$4,130,745
Were there any nonexempt tranactions with any party-in-interest	2013-12-27	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-27	No
Value of net income/loss	2013-12-27	$-11,157,886
Value of net assets at end of year (total assets less liabilities)	2013-12-27	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-12-27	$11,157,886
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-27	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-27	No
Were any leases to which the plan was party in default or uncollectible	2013-12-27	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2013-12-27	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-27	$2,478,257
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-27	$2,478,257
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-12-27	$1,870
Expenses. Payments to insurance carriers foe the provision of benefits	2013-12-27	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-27	No
Was there a failure to transmit to the plan any participant contributions	2013-12-27	No
Has the plan failed to provide any benefit when due under the plan	2013-12-27	No
Assets. Invements in employer securities at end of year	2013-12-27	$0
Assets. Invements in employer securities at beginning of year	2013-12-27	$8,679,629
Contributions received in cash from employer	2013-12-27	$0
Income. Dividends from common stock	2013-12-27	$353,098
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-27	$13,037,104
Did the plan have assets held for investment	2013-12-27	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-27	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-27	Yes
Aggregate proceeds on sale of assets	2013-12-27	$897,029
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-27	No
Opinion of an independent qualified public accountant for this plan	2013-12-27	Unqualified
Accountancy firm name	2013-12-27	WOLF & COMPANY, P.C.
Accountancy firm EIN	2013-12-27	042689883
2012 : DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$-810,602
Total unrealized appreciation/depreciation of assets	2012-12-31	$-810,602
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$-403,389
Total loss/gain on sale of assets	2012-12-31	$-256,623
Total of all expenses incurred	2012-12-31	$7,098,113
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$7,098,113
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$0
Value of total assets at end of year	2012-12-31	$11,157,886
Value of total assets at beginning of year	2012-12-31	$18,659,388
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$0
Total interest from all sources	2012-12-31	$6,286
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$657,550
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2012-12-31	$0
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$2,800,397
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$-7,501,502
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$11,157,886
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$18,659,388
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$2,478,257
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$3,445,952
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$3,445,952
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$6,286
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$8,679,629
Assets. Invements in employer securities at beginning of year	2012-12-31	$15,213,436
Income. Dividends from common stock	2012-12-31	$657,550
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$7,098,113
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Aggregate proceeds on sale of assets	2012-12-31	$-256,623
Liabilities. Value of acquisition indebtedness at beginning of year	2012-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	WOLF & COMPANY, P.C.
Accountancy firm EIN	2012-12-31	042689883

Form 5500 Responses for DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN

2013: DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

DANVERSBANK EMPLOYEE STOCK OWNERSHIP PLAN [EIN = 043458120]

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Company Name:	PEOPLE'S UNITED BANK, N.A.
Employer identification number (EIN):	061213065
NAIC Classification:	522110
NAIC Description:	Commercial Banking