401k Plan data: PENINSULA BANK RETIREMENT PLAN plan

PENINSULA BANK RETIREMENT PLAN 401k Plan overview

Plan Name	PENINSULA BANK RETIREMENT PLAN
Plan identification number	001

PENINSULA BANK RETIREMENT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

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

Company Name: THE PENINSULA BANK

Employer identification number (EIN): 380916760

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENINSULA BANK RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-01-01 TERRY GARCEAU TERRY GARCEAU 2014-10-02
001 2012-01-01 MICHAEL SMOCK MICHAEL SMOCK 2013-09-16
001 2011-01-01 KIM VAN OSDOL KIM VAN OSDOL 2012-09-27
001 2010-01-01 WILLIAM STREAM WILLIAM STREAM 2011-09-30
001 2009-01-01 WILLIAM STREAM WILLIAM STREAM 2010-09-23

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2013-01-01	TERRY GARCEAU	TERRY GARCEAU	2014-10-02
001	2012-01-01	MICHAEL SMOCK	MICHAEL SMOCK	2013-09-16
001	2011-01-01	KIM VAN OSDOL	KIM VAN OSDOL	2012-09-27
001	2010-01-01	WILLIAM STREAM	WILLIAM STREAM	2011-09-30
001	2009-01-01	WILLIAM STREAM	WILLIAM STREAM	2010-09-23

Plan Statistics for PENINSULA BANK RETIREMENT PLAN

401k plan membership statisitcs for PENINSULA BANK RETIREMENT PLAN

Measure Date Value
2013: PENINSULA BANK RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 46
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 20
Number of retired or separated participants receiving benefits 2013-01-01 18
Number of other retired or separated participants entitled to future benefits 2013-01-01 6
Total of all active and inactive participants 2013-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 2
Total participants 2013-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: PENINSULA BANK RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 46
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 20
Number of retired or separated participants receiving benefits 2012-01-01 16
Number of other retired or separated participants entitled to future benefits 2012-01-01 8
Total of all active and inactive participants 2012-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 2
Total participants 2012-01-01 46
2011: PENINSULA BANK RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 46
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 25
Number of retired or separated participants receiving benefits 2011-01-01 11
Number of other retired or separated participants entitled to future benefits 2011-01-01 8
Total of all active and inactive participants 2011-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 2
Total participants 2011-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: PENINSULA BANK RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 46
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 27
Number of retired or separated participants receiving benefits 2010-01-01 10
Number of other retired or separated participants entitled to future benefits 2010-01-01 7
Total of all active and inactive participants 2010-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 2
Total participants 2010-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: PENINSULA BANK RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 46
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 29
Number of retired or separated participants receiving benefits 2009-01-01 9
Number of other retired or separated participants entitled to future benefits 2009-01-01 6
Total of all active and inactive participants 2009-01-01 44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 2
Total participants 2009-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2013: PENINSULA BANK RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	46
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	20
Number of retired or separated participants receiving benefits	2013-01-01	18
Number of other retired or separated participants entitled to future benefits	2013-01-01	6
Total of all active and inactive participants	2013-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	2
Total participants	2013-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: PENINSULA BANK RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	46
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	20
Number of retired or separated participants receiving benefits	2012-01-01	16
Number of other retired or separated participants entitled to future benefits	2012-01-01	8
Total of all active and inactive participants	2012-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	2
Total participants	2012-01-01	46
2011: PENINSULA BANK RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	46
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	25
Number of retired or separated participants receiving benefits	2011-01-01	11
Number of other retired or separated participants entitled to future benefits	2011-01-01	8
Total of all active and inactive participants	2011-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	2
Total participants	2011-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: PENINSULA BANK RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	46
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	27
Number of retired or separated participants receiving benefits	2010-01-01	10
Number of other retired or separated participants entitled to future benefits	2010-01-01	7
Total of all active and inactive participants	2010-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	2
Total participants	2010-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: PENINSULA BANK RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	46
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	29
Number of retired or separated participants receiving benefits	2009-01-01	9
Number of other retired or separated participants entitled to future benefits	2009-01-01	6
Total of all active and inactive participants	2009-01-01	44
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	2
Total participants	2009-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on PENINSULA BANK RETIREMENT PLAN

Measure	Date	Value
2013 : PENINSULA BANK RETIREMENT PLAN 2013 401k financial data
Transfers to/from the plan	2013-12-31	$0
Total income from all sources	2013-12-31	$340,045
Expenses. Total of all expenses incurred	2013-12-31	$139,036
Benefits paid (including direct rollovers)	2013-12-31	$134,507
Total plan assets at end of year	2013-12-31	$2,043,346
Total plan assets at beginning of year	2013-12-31	$1,842,337
Value of fidelity bond covering the plan	2013-12-31	$2,500,000
Expenses. Other expenses not covered elsewhere	2013-12-31	$4,529
Other income received	2013-12-31	$213,943
Net income (gross income less expenses)	2013-12-31	$201,009
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,043,346
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,842,337
Total contributions received or receivable from employer(s)	2013-12-31	$126,102
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : PENINSULA BANK RETIREMENT PLAN 2012 401k financial data
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$298,161
Expenses. Total of all expenses incurred	2012-12-31	$86,910
Benefits paid (including direct rollovers)	2012-12-31	$81,297
Total plan assets at end of year	2012-12-31	$1,842,337
Total plan assets at beginning of year	2012-12-31	$1,631,086
Value of fidelity bond covering the plan	2012-12-31	$2,500,000
Expenses. Other expenses not covered elsewhere	2012-12-31	$5,613
Other income received	2012-12-31	$212,476
Net income (gross income less expenses)	2012-12-31	$211,251
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,842,337
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,631,086
Total contributions received or receivable from employer(s)	2012-12-31	$85,685
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : PENINSULA BANK RETIREMENT PLAN 2011 401k financial data
Transfers to/from the plan	2011-12-31	$0
Total plan liabilities at end of year	2011-12-31	$0
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$118,221
Expenses. Total of all expenses incurred	2011-12-31	$66,444
Benefits paid (including direct rollovers)	2011-12-31	$62,109
Total plan assets at end of year	2011-12-31	$1,631,086
Total plan assets at beginning of year	2011-12-31	$1,579,309
Value of fidelity bond covering the plan	2011-12-31	$2,500,000
Expenses. Other expenses not covered elsewhere	2011-12-31	$4,335
Other income received	2011-12-31	$-17,502
Net income (gross income less expenses)	2011-12-31	$51,777
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,631,086
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,579,309
Total contributions received or receivable from employer(s)	2011-12-31	$135,723
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : PENINSULA BANK RETIREMENT PLAN 2010 401k financial data
Total plan liabilities at end of year	2010-12-31	$0
Total income from all sources	2010-12-31	$362,286
Expenses. Total of all expenses incurred	2010-12-31	$61,212
Benefits paid (including direct rollovers)	2010-12-31	$57,217
Total plan assets at end of year	2010-12-31	$1,579,309
Total plan assets at beginning of year	2010-12-31	$1,278,235
Value of fidelity bond covering the plan	2010-12-31	$2,500,000
Expenses. Other expenses not covered elsewhere	2010-12-31	$3,995
Other income received	2010-12-31	$177,883
Net income (gross income less expenses)	2010-12-31	$301,074
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,579,309
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,278,235
Total contributions received or receivable from employer(s)	2010-12-31	$184,403
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : PENINSULA BANK RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for PENINSULA BANK RETIREMENT PLAN

2013: PENINSULA BANK RETIREMENT 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	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: PENINSULA BANK RETIREMENT 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
2011: PENINSULA BANK RETIREMENT PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: PENINSULA BANK RETIREMENT PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: PENINSULA BANK RETIREMENT PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE PENINSULA BANK
Employer identification number (EIN):	380916760
NAIC Classification:	522110
NAIC Description:	Commercial Banking