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SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 401k Plan overview

Plan NameSBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK
Plan identification number 002

SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 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.
  • 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

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

Company Name:BARRE SAVINGS BANK
Employer identification number (EIN):041064300
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022016-01-01THOMAS FORESE, JR.
0022015-01-01THOMAS FORESE, JR.
0022014-01-01THOMAS FORESE, JR.
0022013-01-01THOMAS FORESE JR
0022012-01-01THOMAS FORESE JR.
0022011-01-01THOMAS FORESE JR.
0022010-01-01THOMAS FORESE JR.
0022009-01-01THOMAS FORESE JR

Plan Statistics for SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK

401k plan membership statisitcs for SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK

Measure Date Value
2016: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year2016-01-0144
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year2015-01-0148
Total number of active participants reported on line 7a of the Form 55002015-01-0131
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0113
Total of all active and inactive participants2015-01-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0144
Number of participants with account balances2015-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year2014-01-0145
Total number of active participants reported on line 7a of the Form 55002014-01-0136
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0112
Total of all active and inactive participants2014-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0148
Number of participants with account balances2014-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year2013-01-0143
Total number of active participants reported on line 7a of the Form 55002013-01-0133
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0112
Total of all active and inactive participants2013-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0145
Number of participants with account balances2013-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year2012-01-0145
Total number of active participants reported on line 7a of the Form 55002012-01-0133
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0110
Total of all active and inactive participants2012-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0143
Number of participants with account balances2012-01-0138
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year2011-01-0145
Total number of active participants reported on line 7a of the Form 55002011-01-0132
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0113
Total of all active and inactive participants2011-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0145
Number of participants with account balances2011-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2010 401k membership
Total participants, beginning-of-year2010-01-0143
Total number of active participants reported on line 7a of the Form 55002010-01-0135
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0110
Total of all active and inactive participants2010-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0145
Number of participants with account balances2010-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year2009-01-0143
Total number of active participants reported on line 7a of the Form 55002009-01-0135
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-018
Total of all active and inactive participants2009-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0143
Number of participants with account balances2009-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK

Measure Date Value
2016 : SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2016 401k financial data
Transfers to/from the plan2016-04-29$-1,747,704
Total income from all sources2016-04-29$17,881
Expenses. Total of all expenses incurred2016-04-29$807,979
Benefits paid (including direct rollovers)2016-04-29$807,979
Total plan assets at end of year2016-04-29$0
Total plan assets at beginning of year2016-04-29$2,537,802
Value of fidelity bond covering the plan2016-04-29$25,378
Total contributions received or receivable from participants2016-04-29$40,093
Other income received2016-04-29$-38,139
Net income (gross income less expenses)2016-04-29$-790,098
Net plan assets at end of year (total assets less liabilities)2016-04-29$0
Net plan assets at beginning of year (total assets less liabilities)2016-04-29$2,537,802
Assets. Value of participant loans2016-04-29$0
Total contributions received or receivable from employer(s)2016-04-29$15,927
2015 : SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2015 401k financial data
Total income from all sources2015-12-31$158,106
Expenses. Total of all expenses incurred2015-12-31$173,684
Benefits paid (including direct rollovers)2015-12-31$164,235
Total plan assets at end of year2015-12-31$2,537,802
Total plan assets at beginning of year2015-12-31$2,553,380
Value of fidelity bond covering the plan2015-12-31$255,338
Total contributions received or receivable from participants2015-12-31$110,096
Other income received2015-12-31$-11,578
Net income (gross income less expenses)2015-12-31$-15,578
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,537,802
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,553,380
Assets. Value of participant loans2015-12-31$48,938
Total contributions received or receivable from employer(s)2015-12-31$59,588
Value of certain deemed distributions of participant loans2015-12-31$9,449
2014 : SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2014 401k financial data
Total income from all sources2014-12-31$295,402
Expenses. Total of all expenses incurred2014-12-31$81,216
Benefits paid (including direct rollovers)2014-12-31$81,216
Total plan assets at end of year2014-12-31$2,553,380
Total plan assets at beginning of year2014-12-31$2,339,194
Value of fidelity bond covering the plan2014-12-31$233,919
Total contributions received or receivable from participants2014-12-31$108,794
Other income received2014-12-31$128,732
Net income (gross income less expenses)2014-12-31$214,186
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,553,380
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,339,194
Assets. Value of participant loans2014-12-31$61,859
Total contributions received or receivable from employer(s)2014-12-31$57,876
2013 : SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2013 401k financial data
Total income from all sources2013-12-31$594,525
Expenses. Total of all expenses incurred2013-12-31$253,127
Benefits paid (including direct rollovers)2013-12-31$253,127
Total plan assets at end of year2013-12-31$2,339,194
Total plan assets at beginning of year2013-12-31$1,997,796
Value of fidelity bond covering the plan2013-12-31$199,780
Total contributions received or receivable from participants2013-12-31$109,849
Other income received2013-12-31$428,683
Net income (gross income less expenses)2013-12-31$341,398
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,339,194
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,997,796
Assets. Value of participant loans2013-12-31$66,482
Total contributions received or receivable from employer(s)2013-12-31$55,993
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2012 401k financial data
Total income from all sources2012-12-31$408,942
Expenses. Total of all expenses incurred2012-12-31$427,073
Benefits paid (including direct rollovers)2012-12-31$421,715
Total plan assets at end of year2012-12-31$1,997,796
Total plan assets at beginning of year2012-12-31$2,015,927
Value of fidelity bond covering the plan2012-12-31$201,593
Total contributions received or receivable from participants2012-12-31$106,605
Other income received2012-12-31$246,083
Net income (gross income less expenses)2012-12-31$-18,131
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,997,796
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,015,927
Assets. Value of participant loans2012-12-31$62,936
Total contributions received or receivable from employer(s)2012-12-31$56,254
Value of certain deemed distributions of participant loans2012-12-31$5,358
2011 : SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2011 401k financial data
Total income from all sources2011-12-31$186,899
Expenses. Total of all expenses incurred2011-12-31$175,115
Benefits paid (including direct rollovers)2011-12-31$175,115
Total plan assets at end of year2011-12-31$2,015,927
Total plan assets at beginning of year2011-12-31$2,004,143
Value of fidelity bond covering the plan2011-12-31$200,414
Total contributions received or receivable from participants2011-12-31$119,612
Contributions received from other sources (not participants or employers)2011-12-31$0
Other income received2011-12-31$4,577
Net income (gross income less expenses)2011-12-31$11,784
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,015,927
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,004,143
Assets. Value of participant loans2011-12-31$61,744
Total contributions received or receivable from employer(s)2011-12-31$62,710
Value of certain deemed distributions of participant loans2011-12-31$0
Value of corrective distributions2011-12-31$0
2010 : SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2010 401k financial data
Total income from all sources2010-12-31$427,576
Expenses. Total of all expenses incurred2010-12-31$143,551
Benefits paid (including direct rollovers)2010-12-31$97,432
Total plan assets at end of year2010-12-31$2,004,143
Total plan assets at beginning of year2010-12-31$1,720,118
Value of fidelity bond covering the plan2010-12-31$172,012
Total contributions received or receivable from participants2010-12-31$131,191
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$229,321
Net income (gross income less expenses)2010-12-31$284,025
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,004,143
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,720,118
Assets. Value of participant loans2010-12-31$40,398
Total contributions received or receivable from employer(s)2010-12-31$67,064
Value of certain deemed distributions of participant loans2010-12-31$46,119
Value of corrective distributions2010-12-31$0

Form 5500 Responses for SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK

2016: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 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 filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 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: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
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: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 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: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 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: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 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: SBERA 401(K) PLAN AS ADOPTED BY BARRE SAVINGS BANK 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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