401k Plan data: REVERE BANK 401(K) PLAN plan

REVERE BANK 401(K) PLAN 401k Plan overview

Plan Name	REVERE BANK 401(K) PLAN
Plan identification number	001

REVERE BANK 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name: REVERE BANK

Employer identification number (EIN): 208489814

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about REVERE BANK

Jurisdiction of Incorporation: Maryland Secretary of State

Incorporation Date:

Company Identification Number: D12036281

More information about REVERE BANK

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 BARBARA HOEY BARBARA HOEY 2018-07-17
001 2016-01-01 HAL HAMIL 2017-07-10 HAL HAMIL 2017-07-10
001 2015-01-01 HAL HAMIL 2016-04-01 HAL HAMIL 2016-04-01
001 2014-01-01 HAL HAMIL 2015-03-19 HAL HAMIL 2015-03-19
001 2013-01-01 HAL HAMIL 2014-03-28 HAL HAMIL 2014-03-28
001 2012-01-01 HAL HAMIL 2013-09-27 HAL HAMIL 2013-09-27
001 2011-01-01 MARYPAT FLEMING 2012-03-13 MARYPAT FLEMING 2012-03-13
001 2010-01-01 MARYPAT FLEMING 2011-05-24 MARYPAT FLEMING 2011-05-24

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01	BARBARA HOEY		BARBARA HOEY	2018-07-17
001	2016-01-01	HAL HAMIL	2017-07-10	HAL HAMIL	2017-07-10
001	2015-01-01	HAL HAMIL	2016-04-01	HAL HAMIL	2016-04-01
001	2014-01-01	HAL HAMIL	2015-03-19	HAL HAMIL	2015-03-19
001	2013-01-01	HAL HAMIL	2014-03-28	HAL HAMIL	2014-03-28
001	2012-01-01	HAL HAMIL	2013-09-27	HAL HAMIL	2013-09-27
001	2011-01-01	MARYPAT FLEMING	2012-03-13	MARYPAT FLEMING	2012-03-13
001	2010-01-01	MARYPAT FLEMING	2011-05-24	MARYPAT FLEMING	2011-05-24

Plan Statistics for REVERE BANK 401(K) PLAN

401k plan membership statisitcs for REVERE BANK 401(K) PLAN

Measure Date Value
2020: REVERE BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 259
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 0
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 0
Number of participants with account balances 2020-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: REVERE BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 245
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 241
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 32
Total of all active and inactive participants 2019-01-01 273
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 273
Number of participants with account balances 2019-01-01 260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: REVERE BANK 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 229
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 219
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 27
Total of all active and inactive participants 2018-01-01 246
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 246
Number of participants with account balances 2018-01-01 239
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: REVERE BANK 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 205
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 198
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 28
Total of all active and inactive participants 2017-01-01 226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 226
Number of participants with account balances 2017-01-01 221
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0

Measure	Date	Value
2020: REVERE BANK 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	259
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
Number of participants with account balances	2020-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: REVERE BANK 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	245
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	241
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	32
Total of all active and inactive participants	2019-01-01	273
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	273
Number of participants with account balances	2019-01-01	260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: REVERE BANK 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	229
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	219
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	27
Total of all active and inactive participants	2018-01-01	246
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	246
Number of participants with account balances	2018-01-01	239
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: REVERE BANK 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	205
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	198
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	28
Total of all active and inactive participants	2017-01-01	226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	226
Number of participants with account balances	2017-01-01	221
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0

Financial Data on REVERE BANK 401(K) PLAN

Measure	Date	Value
2020 : REVERE BANK 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets	2020-06-02	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2020-06-02	$0
Total unrealized appreciation/depreciation of assets	2020-06-02	$0
Total transfer of assets to this plan	2020-06-02	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-06-02	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-06-02	$0
Total income from all sources (including contributions)	2020-06-02	$-521,934
Total loss/gain on sale of assets	2020-06-02	$0
Total of all expenses incurred	2020-06-02	$21,354,687
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-06-02	$21,336,370
Expenses. Certain deemed distributions of participant loans	2020-06-02	$0
Value of total corrective distributions	2020-06-02	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-06-02	$1,226,150
Value of total assets at end of year	2020-06-02	$0
Value of total assets at beginning of year	2020-06-02	$21,876,621
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-06-02	$18,317
Total income from rents	2020-06-02	$0
Total interest from all sources	2020-06-02	$11,798
Total dividends received (eg from common stock, registered investment company shares)	2020-06-02	$7,453
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-06-02	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2020-06-02	$0
Total dividends received from registered investment company shares (eg mutual funds)	2020-06-02	$7,453
Administrative expenses professional fees incurred	2020-06-02	$0
Was this plan covered by a fidelity bond	2020-06-02	Yes
Value of fidelity bond cover	2020-06-02	$500,000
If this is an individual account plan, was there a blackout period	2020-06-02	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-06-02	$0
Were there any nonexempt tranactions with any party-in-interest	2020-06-02	No
Amount of non-exempt transactions with any party-in-interest	2020-06-02	$0
Contributions received from participants	2020-06-02	$858,318
Participant contributions at end of year	2020-06-02	$0
Participant contributions at beginning of year	2020-06-02	$268,618
Participant contributions at end of year	2020-06-02	$0
Participant contributions at beginning of year	2020-06-02	$0
Income. Received or receivable in cash from other sources (including rollovers)	2020-06-02	$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2020-06-02	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-06-02	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-06-02	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-06-02	$0
Other income not declared elsewhere	2020-06-02	$9,750
Administrative expenses (other) incurred	2020-06-02	$0
Liabilities. Value of operating payables at beginning of year	2020-06-02	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-06-02	No
Value of net income/loss	2020-06-02	$-21,876,621
Value of net assets at end of year (total assets less liabilities)	2020-06-02	$0
Value of net assets at beginning of year (total assets less liabilities)	2020-06-02	$21,876,621
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-06-02	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-06-02	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2020-06-02	$0
Were any leases to which the plan was party in default or uncollectible	2020-06-02	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2020-06-02	$0
Investment advisory and management fees	2020-06-02	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-06-02	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-06-02	$3,219,609
Value of interest in pooled separate accounts at end of year	2020-06-02	$0
Value of interest in pooled separate accounts at beginning of year	2020-06-02	$3,900,674
Interest on participant loans	2020-06-02	$5,072
Income. Interest from loans (other than to participants)	2020-06-02	$0
Interest earned on other investments	2020-06-02	$6,726
Income. Interest from US Government securities	2020-06-02	$0
Income. Interest from corporate debt instruments	2020-06-02	$0
Value of interest in common/collective trusts at end of year	2020-06-02	$0
Value of interest in common/collective trusts at beginning of year	2020-06-02	$13,714,423
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-06-02	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-06-02	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-06-02	$773,297
Expenses. Payments to insurance carriers foe the provision of benefits	2020-06-02	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-06-02	$-479,926
Net investment gain/loss from pooled separate accounts	2020-06-02	$-283,083
Net investment gain or loss from common/collective trusts	2020-06-02	$-1,014,076
Net gain/loss from 103.12 investment entities	2020-06-02	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-06-02	No
Was there a failure to transmit to the plan any participant contributions	2020-06-02	No
Has the plan failed to provide any benefit when due under the plan	2020-06-02	No
Contributions received in cash from employer	2020-06-02	$367,832
Employer contributions (assets) at end of year	2020-06-02	$0
Employer contributions (assets) at beginning of year	2020-06-02	$0
Income. Dividends from preferred stock	2020-06-02	$0
Income. Dividends from common stock	2020-06-02	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-06-02	$21,336,370
Contract administrator fees	2020-06-02	$18,317
Liabilities. Value of benefit claims payable at beginning of year	2020-06-02	$0
Did the plan have assets held for investment	2020-06-02	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	2020-06-02	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-06-02	Yes
Aggregate proceeds on sale of assets	2020-06-02	$0
Aggregate carrying amount (costs) on sale of assets	2020-06-02	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2020-06-02	$0
Opinion of an independent qualified public accountant for this plan	2020-06-02	Disclaimer
Accountancy firm name	2020-06-02	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2020-06-02	560747981
2019 : REVERE BANK 401(K) PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets	2019-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total transfer of assets to this plan	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$7,686,879
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,207,860
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,197,951
Expenses. Certain deemed distributions of participant loans	2019-12-31	$0
Value of total corrective distributions	2019-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$4,202,212
Value of total assets at end of year	2019-12-31	$21,876,621
Value of total assets at beginning of year	2019-12-31	$15,397,602
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$9,909
Total income from rents	2019-12-31	$0
Total interest from all sources	2019-12-31	$32,852
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$48,400
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$48,400
Administrative expenses professional fees incurred	2019-12-31	$0
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Amount of non-exempt transactions with any party-in-interest	2019-12-31	$0
Contributions received from participants	2019-12-31	$1,956,633
Participant contributions at end of year	2019-12-31	$268,618
Participant contributions at beginning of year	2019-12-31	$378,379
Participant contributions at end of year	2019-12-31	$0
Participant contributions at beginning of year	2019-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$1,369,137
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2019-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$0
Other income not declared elsewhere	2019-12-31	$11,602
Administrative expenses (other) incurred	2019-12-31	$0
Liabilities. Value of operating payables at beginning of year	2019-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$6,479,019
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$21,876,621
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$15,397,602
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2019-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2019-12-31	$0
Investment advisory and management fees	2019-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$3,219,609
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$2,427,331
Value of interest in pooled separate accounts at end of year	2019-12-31	$3,900,674
Value of interest in pooled separate accounts at beginning of year	2019-12-31	$2,417,795
Interest on participant loans	2019-12-31	$20,255
Income. Interest from loans (other than to participants)	2019-12-31	$0
Interest earned on other investments	2019-12-31	$12,597
Income. Interest from US Government securities	2019-12-31	$0
Income. Interest from corporate debt instruments	2019-12-31	$0
Value of interest in common/collective trusts at end of year	2019-12-31	$13,714,423
Value of interest in common/collective trusts at beginning of year	2019-12-31	$9,449,986
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$773,297
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$724,111
Expenses. Payments to insurance carriers foe the provision of benefits	2019-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$581,972
Net investment gain/loss from pooled separate accounts	2019-12-31	$762,857
Net investment gain or loss from common/collective trusts	2019-12-31	$2,046,984
Net gain/loss from 103.12 investment entities	2019-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$876,442
Employer contributions (assets) at end of year	2019-12-31	$0
Employer contributions (assets) at beginning of year	2019-12-31	$0
Income. Dividends from preferred stock	2019-12-31	$0
Income. Dividends from common stock	2019-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,197,951
Contract administrator fees	2019-12-31	$9,909
Liabilities. Value of benefit claims payable at beginning of year	2019-12-31	$0
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Aggregate proceeds on sale of assets	2019-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2019-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2019-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2019-12-31	560747981
2018 : REVERE BANK 401(K) PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets	2018-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2018-12-31	$0
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total transfer of assets to this plan	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$2,025,372
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$959,965
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$952,605
Expenses. Certain deemed distributions of participant loans	2018-12-31	$0
Value of total corrective distributions	2018-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$3,025,855
Value of total assets at end of year	2018-12-31	$15,397,602
Value of total assets at beginning of year	2018-12-31	$14,332,195
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$7,360
Total income from rents	2018-12-31	$0
Total interest from all sources	2018-12-31	$27,186
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$40,119
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$40,119
Administrative expenses professional fees incurred	2018-12-31	$0
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$500,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Amount of non-exempt transactions with any party-in-interest	2018-12-31	$0
Contributions received from participants	2018-12-31	$1,791,933
Participant contributions at end of year	2018-12-31	$378,379
Participant contributions at beginning of year	2018-12-31	$287,629
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$427,812
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2018-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2018-12-31	$0
Other income not declared elsewhere	2018-12-31	$5,406
Administrative expenses (other) incurred	2018-12-31	$0
Liabilities. Value of operating payables at beginning of year	2018-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$1,065,407
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$15,397,602
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$14,332,195
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2018-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2018-12-31	$0
Investment advisory and management fees	2018-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$2,427,331
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$2,332,645
Value of interest in pooled separate accounts at end of year	2018-12-31	$2,417,795
Value of interest in pooled separate accounts at beginning of year	2018-12-31	$2,028,128
Interest on participant loans	2018-12-31	$18,863
Income. Interest from loans (other than to participants)	2018-12-31	$0
Interest earned on other investments	2018-12-31	$8,323
Income. Interest from US Government securities	2018-12-31	$0
Income. Interest from corporate debt instruments	2018-12-31	$0
Value of interest in common/collective trusts at end of year	2018-12-31	$9,449,986
Value of interest in common/collective trusts at beginning of year	2018-12-31	$9,244,480
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2018-12-31	$724,111
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2018-12-31	$439,313
Expenses. Payments to insurance carriers foe the provision of benefits	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-236,277
Net investment gain/loss from pooled separate accounts	2018-12-31	$-84,420
Net investment gain or loss from common/collective trusts	2018-12-31	$-752,497
Net gain/loss from 103.12 investment entities	2018-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$806,110
Employer contributions (assets) at end of year	2018-12-31	$0
Employer contributions (assets) at beginning of year	2018-12-31	$0
Income. Dividends from preferred stock	2018-12-31	$0
Income. Dividends from common stock	2018-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$952,605
Contract administrator fees	2018-12-31	$7,360
Liabilities. Value of benefit claims payable at beginning of year	2018-12-31	$0
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Aggregate proceeds on sale of assets	2018-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2018-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2018-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	DIXON HUGHES GOODMAN LLP
Accountancy firm EIN	2018-12-31	560747981
2017 : REVERE BANK 401(K) PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets	2017-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-31	$0
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total transfer of assets to this plan	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Expenses. Interest paid	2017-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$4,601,084
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$741,724
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$736,659
Expenses. Certain deemed distributions of participant loans	2017-12-31	$0
Value of total corrective distributions	2017-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$2,807,442
Value of total assets at end of year	2017-12-31	$14,332,195
Value of total assets at beginning of year	2017-12-31	$10,472,835
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$5,065
Total income from rents	2017-12-31	$0
Total interest from all sources	2017-12-31	$17,948
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$35,068
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$35,068
Administrative expenses professional fees incurred	2017-12-31	$0
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$500,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Amount of non-exempt transactions with any party-in-interest	2017-12-31	$0
Contributions received from participants	2017-12-31	$1,713,988
Participant contributions at end of year	2017-12-31	$287,629
Participant contributions at beginning of year	2017-12-31	$179,054
Participant contributions at end of year	2017-12-31	$0
Participant contributions at beginning of year	2017-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$343,423
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2017-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2017-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2017-12-31	$0
Other income not declared elsewhere	2017-12-31	$3,152
Administrative expenses (other) incurred	2017-12-31	$0
Liabilities. Value of operating payables at beginning of year	2017-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Income. Non cash contributions	2017-12-31	$0
Value of net income/loss	2017-12-31	$3,859,360
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$14,332,195
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$10,472,835
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year	2017-12-31	$0
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year	2017-12-31	$0
Investment advisory and management fees	2017-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$2,332,645
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$1,854,571
Value of interest in pooled separate accounts at end of year	2017-12-31	$2,028,128
Value of interest in pooled separate accounts at beginning of year	2017-12-31	$1,415,582
Interest on participant loans	2017-12-31	$10,677
Income. Interest from loans (other than to participants)	2017-12-31	$0
Interest earned on other investments	2017-12-31	$7,271
Income. Interest from US Government securities	2017-12-31	$0
Income. Interest from corporate debt instruments	2017-12-31	$0
Value of interest in common/collective trusts at end of year	2017-12-31	$9,244,480
Value of interest in common/collective trusts at beginning of year	2017-12-31	$6,600,005
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2017-12-31	$439,313
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2017-12-31	$423,623
Expenses. Payments to insurance carriers foe the provision of benefits	2017-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$299,025
Net investment gain/loss from pooled separate accounts	2017-12-31	$307,452
Net investment gain or loss from common/collective trusts	2017-12-31	$1,130,997
Net gain/loss from 103.12 investment entities	2017-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$750,031
Employer contributions (assets) at end of year	2017-12-31	$0
Employer contributions (assets) at beginning of year	2017-12-31	$0
Income. Dividends from preferred stock	2017-12-31	$0
Income. Dividends from common stock	2017-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$736,659
Contract administrator fees	2017-12-31	$5,065
Liabilities. Value of benefit claims payable at beginning of year	2017-12-31	$0
Did the plan have assets held for investment	2017-12-31	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	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Aggregate proceeds on sale of assets	2017-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2017-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2017-12-31	$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	DIXON HUGHES GOODMAN
Accountancy firm EIN	2017-12-31	560747981

Form 5500 Responses for REVERE BANK 401(K) PLAN

2020: REVERE BANK 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	Yes
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: REVERE BANK 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: REVERE BANK 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: REVERE BANK 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	0
Insurance policy start date	2020-01-01
Insurance policy end date	2020-06-02
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

456746

Policy instance

Insurance contract or identification number	456746
Number of Individuals Covered	0
Insurance policy start date	2020-01-01
Insurance policy end date	2020-06-02
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	273
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $1,827
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $1,369
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

456746

Policy instance

Insurance contract or identification number	456746
Number of Individuals Covered	273
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Total amount of commissions paid to insurance broker	USD $8,135
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $6,600
Amount paid for insurance broker fees	0
Insurance broker organization code?	3

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

613953

Policy instance

Insurance contract or identification number	613953
Number of Individuals Covered	226
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $1,105
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $1,105
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	NORTHWESTERN MUTUAL INVESTMENT SERV

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )

Policy contract number

456746

Policy instance

Insurance contract or identification number	456746
Number of Individuals Covered	226
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $4,142
Total amount of fees paid to insurance company	USD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $4,142
Amount paid for insurance broker fees	0
Insurance broker organization code?	3
Insurance broker name	NORTHWESTERN MUTUAL INVESTMENT SERV

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Company Name:	REVERE BANK
Employer identification number (EIN):	208489814
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Maryland Secretary of State
Incorporation Date:
Company Identification Number:	D12036281