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Plan Name | SOVEREIGN EMPLOYEE STOCK OWNERSHIP PLAN |
Plan identification number | 005 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
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Company Name: | SANTANDER HOLDINGS USA, INC. |
Employer identification number (EIN): | 232453088 |
NAIC Classification: | 522120 |
NAIC Description: | Savings Institutions |
Additional information about SANTANDER HOLDINGS USA, INC.
Jurisdiction of Incorporation: | Virginia Secretary of State |
Incorporation Date: | 2008-11-05 |
Company Identification Number: | 0701882 |
Legal Registered Office Address: |
BANK OF AMERICA CENTER 16TH FL 1111 E MAIN ST RICHMOND United States of America (USA) 23219 |
More information about SANTANDER HOLDINGS USA, INC.
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
005 | 2009-01-28 | LISA VANROEKEL | LISA VANROEKEL | 2010-09-27 |
Measure | Date | Value |
---|---|---|
2009: SOVEREIGN EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership | ||
Total participants, beginning-of-year | 2009-01-28 | 5,820 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-28 | 4,243 |
Number of retired or separated participants receiving benefits | 2009-01-28 | 0 |
Number of other retired or separated participants entitled to future benefits | 2009-01-28 | 501 |
Total of all active and inactive participants | 2009-01-28 | 4,744 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-28 | 0 |
Total participants | 2009-01-28 | 4,744 |
Number of participants with account balances | 2009-01-28 | 4,732 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-28 | 0 |
Measure | Date | Value |
---|---|---|
2010 : SOVEREIGN EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data | ||
Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $17,283,073 |
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $17,283,073 |
Total transfer of assets from this plan | 2010-12-31 | $10,931 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $-2,481,737 |
Total loss/gain on sale of assets | 2010-12-31 | $-20,663,066 |
Total of all expenses incurred | 2010-12-31 | $19,086,779 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $19,085,923 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $0 |
Value of total assets at end of year | 2010-12-31 | $0 |
Value of total assets at beginning of year | 2010-12-31 | $21,579,447 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $856 |
Total interest from all sources | 2010-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $504,844 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2010-12-31 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $28,992 |
Administrative expenses professional fees incurred | 2010-12-31 | $158 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $50,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $5,442 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $-21,568,516 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $21,579,447 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Investment advisory and management fees | 2010-12-31 | $698 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $3,899,265 |
Value of interest in pooled separate accounts at beginning of year | 2010-12-31 | $126,915 |
Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $3,897,010 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $38 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $38 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $156,789 |
Net investment gain/loss from pooled separate accounts | 2010-12-31 | $20,175 |
Net investment gain or loss from common/collective trusts | 2010-12-31 | $216,448 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Assets. Invements in employer securities at beginning of year | 2010-12-31 | $13,650,777 |
Income. Dividends from common stock | 2010-12-31 | $475,852 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $19,085,923 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | Yes |
Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | Yes |
Aggregate proceeds on sale of assets | 2010-12-31 | $10,295,183 |
Aggregate carrying amount (costs) on sale of assets | 2010-12-31 | $30,958,249 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
Accountancy firm name | 2010-12-31 | DELOITTE & TOUCHE |
Accountancy firm EIN | 2010-12-31 | 133891517 |
2009 : SOVEREIGN EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data | ||
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
2009: SOVEREIGN EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses | ||
---|---|---|
2009-01-28 | Type of plan entity | Single employer plan |
2009-01-28 | First time form 5500 has been submitted | Yes |
2009-01-28 | Submission has been amended | No |
2009-01-28 | This submission is the final filing | No |
2009-01-28 | This return/report is a short plan year return/report (less than 12 months) | Yes |
2009-01-28 | Plan is a collectively bargained plan | No |
2009-01-28 | Plan funding arrangement – Insurance | Yes |
2009-01-28 | Plan funding arrangement – Trust | Yes |
2009-01-28 | Plan benefit arrangement – Insurance | Yes |
2009-01-28 | Plan benefit arrangement - Trust | Yes |