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NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameNORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined 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.
  • Stock bonus
  • 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.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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

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

Company Name:NORTHWESTERN BANK
Employer identification number (EIN):381498273
NAIC Classification:522120
NAIC Description:Savings Institutions

Additional information about NORTHWESTERN BANK

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities
Incorporation Date: 1890-10-04
Company Identification Number: 087715
Legal Registered Office Address: 122 CENTRAL AVE NW

ORANGE CITY
United States of America (USA)
51041

More information about NORTHWESTERN BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01JOHN PELIZZARI
0012014-01-01JOHN PELIZZARI
0012013-01-01JOHN PELIZZARI
0012012-01-01BRUCE BYL
0012011-01-01HARRY C CALCUTT III
0012010-01-01HARRY C CALCUTT III
0012009-01-01HARRY C CALCUTT III HARRY C CALCUTT III2010-10-14

Plan Statistics for NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2015: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01388
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-010
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01432
Total number of active participants reported on line 7a of the Form 55002014-01-01300
Number of retired or separated participants receiving benefits2014-01-0151
Number of other retired or separated participants entitled to future benefits2014-01-0136
Total of all active and inactive participants2014-01-01387
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01388
Number of participants with account balances2014-01-01353
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0116
2013: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01451
Total number of active participants reported on line 7a of the Form 55002013-01-01376
Number of retired or separated participants receiving benefits2013-01-019
Number of other retired or separated participants entitled to future benefits2013-01-0146
Total of all active and inactive participants2013-01-01431
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01432
Number of participants with account balances2013-01-01388
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0130
2012: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01432
Total number of active participants reported on line 7a of the Form 55002012-01-01407
Number of retired or separated participants receiving benefits2012-01-012
Number of other retired or separated participants entitled to future benefits2012-01-0135
Total of all active and inactive participants2012-01-01444
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-012
Total participants2012-01-01446
Number of participants with account balances2012-01-01399
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0118
2011: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01433
Total number of active participants reported on line 7a of the Form 55002011-01-01394
Number of retired or separated participants receiving benefits2011-01-013
Number of other retired or separated participants entitled to future benefits2011-01-0133
Total of all active and inactive participants2011-01-01430
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01430
Number of participants with account balances2011-01-01389
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0123
2010: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01413
Total number of active participants reported on line 7a of the Form 55002010-01-01395
Number of retired or separated participants receiving benefits2010-01-015
Number of other retired or separated participants entitled to future benefits2010-01-0125
Total of all active and inactive participants2010-01-01425
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-011
Total participants2010-01-01426
Number of participants with account balances2010-01-01385
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0111
2009: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01391
Total number of active participants reported on line 7a of the Form 55002009-01-01379
Number of retired or separated participants receiving benefits2009-01-015
Number of other retired or separated participants entitled to future benefits2009-01-0121
Total of all active and inactive participants2009-01-01405
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01405
Number of participants with account balances2009-01-01359
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0115

Financial Data on NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2015 : NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-07-21$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-07-21$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-07-21$0
Total income from all sources (including contributions)2015-07-21$97,830
Total loss/gain on sale of assets2015-07-21$0
Total of all expenses incurred2015-07-21$13,242,252
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-07-21$13,242,252
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-07-21$0
Value of total assets at end of year2015-07-21$0
Value of total assets at beginning of year2015-07-21$13,144,422
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-07-21$0
Total interest from all sources2015-07-21$7,680
Total dividends received (eg from common stock, registered investment company shares)2015-07-21$3,635
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-07-21Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-07-21$0
Total dividends received from registered investment company shares (eg mutual funds)2015-07-21$3,635
Was this plan covered by a fidelity bond2015-07-21Yes
Value of fidelity bond cover2015-07-21$6,000,000
If this is an individual account plan, was there a blackout period2015-07-21No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-07-21$0
Were there any nonexempt tranactions with any party-in-interest2015-07-21No
Participant contributions at end of year2015-07-21$0
Participant contributions at beginning of year2015-07-21$100,196
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-07-21No
Value of net income/loss2015-07-21$-13,144,422
Value of net assets at end of year (total assets less liabilities)2015-07-21$0
Value of net assets at beginning of year (total assets less liabilities)2015-07-21$13,144,422
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-07-21No
Were any loans by the plan or fixed income obligations due to the plan in default2015-07-21No
Were any leases to which the plan was party in default or uncollectible2015-07-21No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-07-21$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-07-21$2,822,675
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-07-21$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-07-21$10,221,551
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-07-21$10,221,551
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-07-21$7,680
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-07-21$86,515
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-07-21No
Was there a failure to transmit to the plan any participant contributions2015-07-21No
Has the plan failed to provide any benefit when due under the plan2015-07-21No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-07-21$13,242,252
Did the plan have assets held for investment2015-07-21No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-07-21No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-07-21Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-07-21Yes
Opinion of an independent qualified public accountant for this plan2015-07-21Disclaimer
Accountancy firm name2015-07-21REHMANN ROBSON, LLC
Accountancy firm EIN2015-07-21383635706
2014 : NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$6,302,771
Total unrealized appreciation/depreciation of assets2014-12-31$6,302,771
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,669,192
Expenses. Interest paid2014-12-31$47,912
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022014-12-31$47,912
Total income from all sources (including contributions)2014-12-31$8,952,077
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$22,163,357
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$22,114,645
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,720,670
Value of total assets at end of year2014-12-31$13,144,422
Value of total assets at beginning of year2014-12-31$28,024,894
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$800
Total interest from all sources2014-12-31$17,107
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$780,160
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$780,160
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$6,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,065,652
Participant contributions at end of year2014-12-31$100,196
Participant contributions at beginning of year2014-12-31$509,458
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$105,788
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$1,669,192
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-13,211,280
Value of net assets at end of year (total assets less liabilities)2014-12-31$13,144,422
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$26,355,702
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$800
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$2,822,675
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$20,005,705
Interest on participant loans2014-12-31$17,107
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$10,221,551
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$1,746,691
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$1,746,691
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$131,369
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$0
Assets. Invements in employer securities at beginning of year2014-12-31$5,619,424
Contributions received in cash from employer2014-12-31$549,230
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$143,616
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$22,114,645
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31REHMANN ROBSON, LLC
Accountancy firm EIN2014-12-31383635706
2013 : NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$587,104
Total unrealized appreciation/depreciation of assets2013-12-31$587,104
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$1,669,192
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$1,881,553
Expenses. Interest paid2013-12-31$57,708
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022013-12-31$57,708
Total income from all sources (including contributions)2013-12-31$6,719,453
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$3,259,041
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$3,196,633
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,051,325
Value of total assets at end of year2013-12-31$28,503,501
Value of total assets at beginning of year2013-12-31$25,255,450
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$4,700
Total interest from all sources2013-12-31$20,312
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$719,123
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$897,026
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$6,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,251,855
Participant contributions at end of year2013-12-31$509,458
Participant contributions at beginning of year2013-12-31$441,518
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$177,247
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$27,316
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$1,669,192
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$1,881,553
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$3,460,412
Value of net assets at end of year (total assets less liabilities)2013-12-31$26,834,309
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$23,373,897
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$4,700
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$20,005,705
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$16,942,630
Interest on participant loans2013-12-31$20,288
Interest earned on other investments2013-12-31$24
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$1,746,691
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$2,095,824
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$2,095,824
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$3,341,589
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$5,619,424
Assets. Invements in employer securities at beginning of year2013-12-31$5,032,320
Contributions received in cash from employer2013-12-31$622,223
Employer contributions (assets) at end of year2013-12-31$622,223
Employer contributions (assets) at beginning of year2013-12-31$715,842
Income. Dividends from common stock2013-12-31$-177,903
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$3,196,633
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31REHMANN ROBSON, LLC
Accountancy firm EIN2013-12-31383635706
2012 : NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$-248,895
Total unrealized appreciation/depreciation of assets2012-12-31$-248,895
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$1,881,553
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$24,898
Expenses. Interest paid2012-12-31$49,482
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022012-12-31$49,482
Total income from all sources (including contributions)2012-12-31$4,363,719
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,427,927
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,374,145
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,208,755
Value of total assets at end of year2012-12-31$25,255,450
Value of total assets at beginning of year2012-12-31$20,463,003
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$4,300
Total interest from all sources2012-12-31$85,746
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$586,667
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$540,483
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$6,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,242,958
Participant contributions at end of year2012-12-31$441,518
Participant contributions at beginning of year2012-12-31$543,639
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$249,955
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$27,316
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$1,881,553
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$24,898
Liabilities. Value of operating payables at end of year2012-12-31$0
Liabilities. Value of operating payables at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$2,935,792
Value of net assets at end of year (total assets less liabilities)2012-12-31$23,373,897
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$20,438,105
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$4,300
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$16,942,630
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$14,099,639
Interest on participant loans2012-12-31$19,670
Interest earned on other investments2012-12-31$66,076
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$2,095,824
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$2,109,528
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$2,109,528
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,731,446
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$5,032,320
Assets. Invements in employer securities at beginning of year2012-12-31$3,062,500
Contributions received in cash from employer2012-12-31$715,842
Employer contributions (assets) at end of year2012-12-31$715,842
Employer contributions (assets) at beginning of year2012-12-31$647,697
Income. Dividends from common stock2012-12-31$46,184
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,374,145
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31REHMANN ACCOUNTING, LLC
Accountancy firm EIN2012-12-31383635706
2011 : NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-245,000
Total unrealized appreciation/depreciation of assets2011-12-31$-245,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$24,898
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$161,550
Expenses. Interest paid2011-12-31$8,402
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$8,402
Total income from all sources (including contributions)2011-12-31$1,549,337
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,192,213
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,181,843
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,021,767
Value of total assets at end of year2011-12-31$20,463,003
Value of total assets at beginning of year2011-12-31$20,242,531
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$1,968
Total interest from all sources2011-12-31$22,949
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$431,341
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$402,379
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$6,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,169,955
Participant contributions at end of year2011-12-31$543,639
Participant contributions at beginning of year2011-12-31$509,850
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$204,115
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$24,898
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$157,543
Liabilities. Value of operating payables at end of year2011-12-31$0
Liabilities. Value of operating payables at beginning of year2011-12-31$4,007
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$357,124
Value of net assets at end of year (total assets less liabilities)2011-12-31$20,438,105
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$20,080,981
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$1,968
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$14,099,639
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$13,898,631
Income. Interest from loans (other than to participants)2011-12-31$22,949
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$2,109,528
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,829,998
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,829,998
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-681,720
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$3,062,500
Assets. Invements in employer securities at beginning of year2011-12-31$3,307,500
Contributions received in cash from employer2011-12-31$647,697
Employer contributions (assets) at end of year2011-12-31$647,697
Employer contributions (assets) at beginning of year2011-12-31$696,552
Income. Dividends from common stock2011-12-31$28,962
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,181,843
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31REHMANN ACCOUNTING, LLC
Accountancy firm EIN2011-12-31383635706
2010 : NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$183,750
Total unrealized appreciation/depreciation of assets2010-12-31$183,750
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$161,550
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$236,569
Expenses. Interest paid2010-12-31$9,097
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$9,097
Total income from all sources (including contributions)2010-12-31$4,293,616
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$249,473
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$238,552
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,271,733
Value of total assets at end of year2010-12-31$20,242,531
Value of total assets at beginning of year2010-12-31$16,273,407
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,824
Total interest from all sources2010-12-31$23,907
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$270,787
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$241,992
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$6,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,186,976
Participant contributions at end of year2010-12-31$509,850
Participant contributions at beginning of year2010-12-31$442,179
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$388,205
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$157,543
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$230,400
Liabilities. Value of operating payables at end of year2010-12-31$4,007
Liabilities. Value of operating payables at beginning of year2010-12-31$6,169
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$4,044,143
Value of net assets at end of year (total assets less liabilities)2010-12-31$20,080,981
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$16,036,838
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$1,824
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$13,898,631
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$11,203,105
Income. Interest from loans (other than to participants)2010-12-31$23,907
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,829,998
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$977,947
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$977,947
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,543,439
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$3,307,500
Assets. Invements in employer securities at beginning of year2010-12-31$3,123,750
Contributions received in cash from employer2010-12-31$696,552
Employer contributions (assets) at end of year2010-12-31$696,552
Employer contributions (assets) at beginning of year2010-12-31$526,426
Income. Dividends from common stock2010-12-31$28,795
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$238,552
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31REHMANN ROBSON
Accountancy firm EIN2010-12-31382775013
2009 : NORTHWESTERN BANK 401(K) AND 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 securities2009-12-31$0

Form 5500 Responses for NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

2015: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: NORTHWESTERN BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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