2026-07-21T11:42:08-05:00 2025-12-31 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2025-01-01 026005138 NEW HAMPSHIRE BANKERS ASSOCIATION INSURANCE TRUST NEWH 6032245373 PO BOX 2586 CONCORD NH 03302 KRISTY MERRILL EXECUTIVE SECRETARY 6032245373 2026-07-20 1 JULIA HOWLAND CPA P01711658 2077745701 2026-07-20 2025 2025-03-06 01:10:19Z KRISTY MERRILL PO BOX 2586 CONCORD NH 03302 10847760 0 X WWW.NHBANKERS.COM/NH-BANKERS-INSURANCE-TRUST/ X 1950 NH THE PRIMARY PURPOSE OF THE INSURANCE TRUST IS TO OBTAIN VARIOUS INSURANCE BENEFIT PROGRAMS (LIFE, AD&D, HEALTH, DENTAL, ETC.) FOR ITS MEMBERS AT RATES LESS THAN THEY COULD INDIVIDUALLY OBTAIN. 7 0 0 8 0 0 0 0 9867190 10828868 38738 18892 0 0 9905928 10847760 0 0 9229632 11502544 0 0 0 0 0 280849 332615 9510481 11835159 395447 -987399 1286780 701444 417093 819156 869687 -117712 THE PRIMARY PURPOSE OF THE INSURANCE TRUST IS TO OBTAIN VARIOUS INSURANCE BENEFIT PROGRAMS (LIFE, AD&D, HEALTH, DENTAL, ETC.) FOR ITS MEMBERS AT RATES LESS THAN THEY COULD INDIVIDUALLY OBTAIN. 0 0 11835159 0 10828868 THE INSURANCE TRUST OFFERS HEALTH, DENTAL, & LIFE INSURANCE BENEFIT PLANS TO MEMBERS. THE TRUST OFFERS INSURANCE BENEFITS TO 16 MEMBERS, COVERING APPROXIMATELY 1,135 PARTICIPANTS AT DECEMBER 31, 2025. 11835159 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 X 7 0 0 0 0 0 1 1 1 1 1 1 0 1 1 1 1 1 1 0 0 0 X KRISTY MERRILL EXECUTIVE SECRETARY 6032245373 PO BOX 2586 CONCORD NH 03302 MARK PITKIN CHAIRMAN 2.00 X X 0 0 0 CATHERINE BARDIER TRUSTEE 1.00 X 0 0 0 VALERIE DILORENZO TRUSTEE 1.00 X 0 0 0 STEFFANY GALLANT TRUSTEE 1.00 X 0 0 0 KATHY MAGUIRE TRUSTEE 1.00 X 0 0 0 KEVIN MILLER TRUSTEE 1.00 X 0 0 0 AMY RANKINS TRUSTEE 1.00 X 0 0 0 KRISTY MERRILL EXECUTIVE SECRETARY 5.00 50.00 X 0 222417 33385 SANDY TRACY SVP/COO 1.00 39.00 X 0 157615 45242 0 380032 78627 0 0 1 0 0 X GROSS PREMIUM INCOME 525100 10828868 10828868 10828868 18892 18892 10847760 10828868 0 18892 11502544 47088 63529 11010 2868 2183 1722 BROKER FEES 180060 ALLOCATED COSTS 14713 ANTHEM WELLNESS NUTRITI 4050 TAXES 3227 2165 11835159 1107737 344344 148943 340391 30100 16709 1286780 701444 136418 161498 280675 307658 0 350000 417093 819156 X 0 0 0 0 869687 -117712 869687 -117712 1286780 701444 -987399 0 X X 0 1 X 1 0 0 LINE OF CREDIT 350000 350000 X 10847760 0 10847760 0 10847760 11835159 0 11835159 0 11835159 PART X, LINE 2: THE PLAN'S MANAGEMENT EVALUATES TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZES A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. THE PLAN'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT THROUGH DECEMBER 31, 2025, THERE ARE NO SIGNIFICANT UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 0 0 KRISTY MERRILL EXECUTIVE SECRETARY 0 201975 0 20442 0 0 0 21348 0 12037 0 255802 0 0 SANDY TRACY SVP/COO 0 148383 0 9232 0 0 0 12667 0 32575 0 202857 0 0 PROFILE BANK TRUSTEE SERVES AS AN OFFICER OF THIS BANK 651049 INSURANCE PREMIUM PAYMENTS 0 PISCATAQUA SAVINGS BANK TRUSTEE SERVES AS AN OFFICER OF THIS BANK 556013 INSURANCE PREMIUM PAYMENTS 0 GRANITE EDVANCE TRUSTEE SERVES AS AN OFFICER OF THIS BANK 1206817 INSURANCE PREMIUM PAYMENTS 0 SUGAR RIVER BANK TRUSTEE SERVES AS AN OFFICER OF THIS BANK 1152042 INSURANCE PREMIUM PAYMENTS 0 WOODSVILLE GUARANTY SAVINGS BANK TRUSTEE SERVES AS AN OFFICER OF THIS BANK 1056907 INSURANCE PREMIUM PAYMENTS 0 FRANKLIN SAVINGS BANK TRUSTEE SERVES AS AN OFFICER OF THIS BANK 1445215 INSURANCE PREMIUM PAYMENTS 0 LEDYARD NATIONAL BANK TRUSTEE SERVES AS AN OFFICER OF THIS BANK 2066320 INSURANCE PREMIUM PAYMENTS 0 SCHEDULE L, PART IV: THE TRUSTEES OF NEW HAMPSHIRE BANKERS ASSOCIATION INSURANCE TRUST (NHBAIT) ARE OFFICERS OF MEMBERS WHO PARTICIPATE IN THE INSURANCE PROGRAMS THAT NHBAIT OFFERS. THE TRANSACTIONS REPORTED ARE PAYMENTS OF THE INSURANCE PREMIUMS TO NHBAIT FOR THE MEMBERS EMPLOYEES INSURANCE COVERAGE. FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATING EMPLOYERS MAY CALL MEETINGS AND HAVE THE ABILITY TO VOTE ON ANY DECISIONS TO TERMINATE THE TRUST. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES ARE ALL APPOINTED BY THE MEMBERS. THE TRUST BOARD OF TRUSTEES DOES NOT HAVE THE POWER TO ELECT OR APPOINT ANY MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B PARTICIPATING EMPLOYERS MAY CALL MEETINGS AND HAVE THE ABILITY TO VOTE ON ANY DECISION TO TERMINATE THE TRUST. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE SECRETARY DOES A DETAILED REVIEW OF THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. EACH BOARD MEMBER IS GIVEN A COPY OF THE FORM 990 TO REVIEW. BOARD MEMBERS REVIEW AND VOTE ON THE FORM 990 AND ON THE AUDIT REPORT. FORM 990, PART VI, SECTION B, LINE 12C THE TRUST HAS A FORMAL "CONFLICT OF INTEREST POLICY AND "DIRECTOR INDEPENDENCE POLICY" WHICH ARE GIVEN TO EACH TRUSTEE ALONG WITH A "TRUSTEE INDEPENDENCE QUESTIONNAIRE" EACH YEAR. THE QUESTIONNAIRE MUST BE SIGNED AND RETURNED TO THE OFFICE OF THE TRUST. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST DOES NOT MAKE DOCUMENTS AVAILABLE TO THE PUBLIC. DOCUMENTS ARE AVAILABLE UPON REQUEST TO MEMBERS. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC KRISTY MERRILL - PO BOX 2586, CONCORD, NH 03302. MARK PITKIN - 10 N. MAIN STREET, NEWPORT, NH 03773. CATHERINE BARDIER - 38 MAIN STREET, HANOVER, NH 03755. VALERIE DILORENZO - PO BOX 266, WOODSVILLE, NH 03561. STEFFANY GALLANT - 15 PLEASANT STREET, PORTSMOUTH, NH 03801. KATHY MAGUIRE - 3 BARRELL COURT, CONCORD, NH 03301. KEVIN MILLER - 45 WAKEFIELD STREET, ROCHESTER, NH 03867. AMY RANKINS - 387 CENTRAL STREET, FRANKLIN, NH 03235. PART VII NUMBER 3A: THE TRUST'S INVESTMENT INCOME WAS EARNED ON FUNDS SET ASIDE FOR THE PAYMENT OF HEALTH BENEFITS. THE FUNDS SET ASIDE DID NOT EXCEED THE LIMITS UNDER CODE SECTION 419A (5) AND REGULATION 1.512(A)-5. AS SUCH THE INVESTMENT INCOME QUALIFIED AS EXEMPT FUNCTION INCOME AND IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXATION. FORM 990, PART XII, LINE 2C: THE TRUSTEES ASSUME THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED DURING THE YEAR. PART VI SECTION A 1B: NONE OF THE TRUSTEES ARE INDEPENDENT SINCE THEY ARE EXECUTIVES AT THE MEMBER BANKS THAT RECEIVE HEALTH INSURANCE THROUGH THE TRUST AND THE PREMIUMS PAID MUST BE REPORTED ON SCHEDULE L. IT IS A REQUIREMENT THAT THE TRUSTEES BE MEMBERS OF THE TRUST, THUS IN MOST CASES, A TRUSTEE WILL NOT MEET THE DEFINITION OF AN INDEPENDENT DIRECTOR. NEW HAMPSHIRE BANKERS ASSOCIATION PO BOX 2586 CONCORD NH 033022586 020235648 PLAN SPONSOR; BANK MEMBER SERVICES, PARTICIPATING EMPLOYER NH 501(C)(6) 0 NEW HAMPSHIRE BANKERS SERVICES LLC P O BOX 2586 CONCORD NH 033022586 208937557 INSURANCE NH C 0 CLAREMONT SAVINGS BANK PARTICIPATING EMPLOYER 0 FIRST SEACOAST BANK (FNA FEDERAL SAVINGS BANK) PARTICIPATING EMPLOYER 0 FRANKLIN SAVINGS BANK PARTICIPATING EMPLOYER 0 GRANITE EDVANCE (GRANITE STATE MGMTNHHELC) PARTICIPATING EMPLOYER 0 LEDYARD BANK PARTICIPATING EMPLOYER 0 MILLYARD BANK PARTICIPATING EMPLOYER 0 NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY PARTICIPATING EMPLOYER 0 NH HEALTH & EDUCATIONAL FACILITIES AUTHORITY PARTICIPATING EMPLOYER 0 PISCATAQUA SAVINGS BANK PARTICIPATING EMPLOYER 0 PROFILE BANK FSB PARTICIPATING EMPLOYER 0 SALEM CO-OPERATIVE BANK PARTICIPATING EMPLOYER 0 SUGAR RIVER BANK PARTICIPATING EMPLOYER 0 WALDEN BANK PARTICIPATING EMPLOYER 0 WOODSVILLE GUARANTY SAVINGS BANK PARTICIPATING EMPLOYER 0 COMMUNITY DEVELOPMENT FINANCE AUTHORITY (CDFA) PARTICIPATING EMPLOYER 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 THE TAXPAYER HAS ROUTINELY MET FILING REQUIREMENTS FOR FORM 990 AND INFORMATION REPORTING ON A TIMELY BASIS. THE LATE FILING OF FORM 990 FOR THE YEAR ENDED DECEMBER 31, 2025 WAS AN IRREGULARITY. FOR TAX YEAR 2025, THE ORGANIZATION TRANSITIONED PAID PREPARERS. THE ORGANIZATION RELIED UPON THEIR PAID PREPARER TO FILE THE PROPER EXTENSIONS TO EXTEND THE ORIGINAL DUE DATE OF THE RETURN AND RELEASE THE RETURN UPON APPROVAL RECEIVED. THE PAID PREPARER USES A COMBINATION OF TAX SOFTWARE AND A FILE TRACKING SOFTWARE TO RECORD COMPLETION OF EXTENSIONS. CHANGE OF SOFTWARE AND TRANSITION TO A NEW SIGNER WITHIN THE CPA FIRM CAUSED A MISTAKE IN FILE TRACKING AND THE EXTENSION WAS NOT FILED. THE RETURN AS A RESULT IS BEING FILED LATE BUT WITHIN THE TYPICAL EXTENDED DUE DATE TIME PERIOD. BASED ON THE HISTORY OF ROUTINE COMPLIANCE, WE RESPECTFULLY REQUEST THAT ANY PROPOSED INTEREST AND PENALTIES BE ABATED, AND THE IRS RECOGNIZE REASONABLE CAUSE IN DOING SO.