401k Plan data: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS plan

SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 401k Plan overview

Plan Name	SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS
Plan identification number	001

SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 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).
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

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

Company Name: CAPE ANN SAVINGS BANK

Employer identification number (EIN): 041148820

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-11-01 THOMAS FORESE, JR.
001 2022-11-01
001 2022-11-01 THOMAS FORESE, JR.
001 2021-11-01
001 2021-11-01 THOMAS FORESE JR.
001 2020-11-01
001 2019-11-01
001 2018-11-01
001 2017-11-01
001 2017-11-01
001 2016-11-01 THOMAS FORESE, JR.
001 2015-11-01 THOMAS FORESE, JR.
001 2014-11-01 THOMAS FORESE, JR.
001 2013-11-01 THOMAS FORESE JR.
001 2012-11-01 THOMAS FORESE JR.
001 2011-11-01 THOMAS FORESE JR.
001 2009-11-01 THOMAS FORESE JR.

Financial Data on SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS

Measure	Date	Value
2023 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2023 401k financial data
Total income from all sources	2023-10-31	$585,587
Expenses. Total of all expenses incurred	2023-10-31	$342,867
Benefits paid (including direct rollovers)	2023-10-31	$342,867
Total plan assets at end of year	2023-10-31	$11,869,482
Total plan assets at beginning of year	2023-10-31	$11,626,762
Value of fidelity bond covering the plan	2023-10-31	$500,000
Other income received	2023-10-31	$585,587
Net income (gross income less expenses)	2023-10-31	$242,720
Net plan assets at end of year (total assets less liabilities)	2023-10-31	$11,869,482
Net plan assets at beginning of year (total assets less liabilities)	2023-10-31	$11,626,762
2022 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2022 401k financial data
Total income from all sources	2022-10-31	$-1,965,532
Expenses. Total of all expenses incurred	2022-10-31	$1,026,338
Benefits paid (including direct rollovers)	2022-10-31	$1,026,338
Total plan assets at end of year	2022-10-31	$11,626,762
Total plan assets at beginning of year	2022-10-31	$14,618,632
Value of fidelity bond covering the plan	2022-10-31	$500,000
Other income received	2022-10-31	$-2,565,532
Net income (gross income less expenses)	2022-10-31	$-2,991,870
Net plan assets at end of year (total assets less liabilities)	2022-10-31	$11,626,762
Net plan assets at beginning of year (total assets less liabilities)	2022-10-31	$14,618,632
Total contributions received or receivable from employer(s)	2022-10-31	$600,000
2021 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2021 401k financial data
Total income from all sources	2021-10-31	$3,580,438
Expenses. Total of all expenses incurred	2021-10-31	$4,506,953
Benefits paid (including direct rollovers)	2021-10-31	$4,506,953
Total plan assets at end of year	2021-10-31	$14,618,632
Total plan assets at beginning of year	2021-10-31	$15,545,147
Value of fidelity bond covering the plan	2021-10-31	$500,000
Other income received	2021-10-31	$3,580,438
Net income (gross income less expenses)	2021-10-31	$-926,515
Net plan assets at end of year (total assets less liabilities)	2021-10-31	$14,618,632
Net plan assets at beginning of year (total assets less liabilities)	2021-10-31	$15,545,147
2020 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2020 401k financial data
Total income from all sources	2020-10-31	$1,524,983
Expenses. Total of all expenses incurred	2020-10-31	$239,598
Benefits paid (including direct rollovers)	2020-10-31	$239,598
Total plan assets at end of year	2020-10-31	$15,545,147
Total plan assets at beginning of year	2020-10-31	$14,259,762
Value of fidelity bond covering the plan	2020-10-31	$500,000
Other income received	2020-10-31	$573,983
Net income (gross income less expenses)	2020-10-31	$1,285,385
Net plan assets at end of year (total assets less liabilities)	2020-10-31	$15,545,147
Net plan assets at beginning of year (total assets less liabilities)	2020-10-31	$14,259,762
Total contributions received or receivable from employer(s)	2020-10-31	$951,000
2019 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2019 401k financial data
Total income from all sources	2019-10-31	$1,336,520
Expenses. Total of all expenses incurred	2019-10-31	$767,702
Benefits paid (including direct rollovers)	2019-10-31	$767,702
Total plan assets at end of year	2019-10-31	$14,259,762
Total plan assets at beginning of year	2019-10-31	$13,690,944
Value of fidelity bond covering the plan	2019-10-31	$500,000
Other income received	2019-10-31	$1,336,520
Net income (gross income less expenses)	2019-10-31	$568,818
Net plan assets at end of year (total assets less liabilities)	2019-10-31	$14,259,762
Net plan assets at beginning of year (total assets less liabilities)	2019-10-31	$13,690,944
2017 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2017 401k financial data
Total income from all sources	2017-10-31	$3,722,658
Expenses. Total of all expenses incurred	2017-10-31	$703,263
Benefits paid (including direct rollovers)	2017-10-31	$703,263
Total plan assets at end of year	2017-10-31	$13,345,871
Total plan assets at beginning of year	2017-10-31	$10,326,476
Value of fidelity bond covering the plan	2017-10-31	$500,000
Other income received	2017-10-31	$1,572,658
Net income (gross income less expenses)	2017-10-31	$3,019,395
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$13,345,871
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$10,326,476
Total contributions received or receivable from employer(s)	2017-10-31	$2,150,000
2016 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2016 401k financial data
Total income from all sources	2016-10-31	$519,823
Expenses. Total of all expenses incurred	2016-10-31	$187,451
Benefits paid (including direct rollovers)	2016-10-31	$187,451
Total plan assets at end of year	2016-10-31	$10,326,476
Total plan assets at beginning of year	2016-10-31	$9,994,104
Value of fidelity bond covering the plan	2016-10-31	$500,000
Other income received	2016-10-31	$359,823
Net income (gross income less expenses)	2016-10-31	$332,372
Net plan assets at end of year (total assets less liabilities)	2016-10-31	$10,326,476
Net plan assets at beginning of year (total assets less liabilities)	2016-10-31	$9,994,104
Total contributions received or receivable from employer(s)	2016-10-31	$160,000
2015 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2015 401k financial data
Transfers to/from the plan	2015-10-31	$2,149,363
Total income from all sources	2015-10-31	$1,344,652
Expenses. Total of all expenses incurred	2015-10-31	$421,606
Benefits paid (including direct rollovers)	2015-10-31	$421,606
Total plan assets at end of year	2015-10-31	$9,994,104
Total plan assets at beginning of year	2015-10-31	$6,921,695
Other income received	2015-10-31	$-108,348
Net income (gross income less expenses)	2015-10-31	$923,046
Net plan assets at end of year (total assets less liabilities)	2015-10-31	$9,994,104
Net plan assets at beginning of year (total assets less liabilities)	2015-10-31	$6,921,695
Total contributions received or receivable from employer(s)	2015-10-31	$1,453,000
2014 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2014 401k financial data
Total income from all sources	2014-10-31	$379,257
Expenses. Total of all expenses incurred	2014-10-31	$187,061
Benefits paid (including direct rollovers)	2014-10-31	$187,061
Total plan assets at end of year	2014-10-31	$6,921,695
Total plan assets at beginning of year	2014-10-31	$6,729,499
Value of fidelity bond covering the plan	2014-10-31	$500,000
Other income received	2014-10-31	$379,257
Net income (gross income less expenses)	2014-10-31	$192,196
Net plan assets at end of year (total assets less liabilities)	2014-10-31	$6,921,695
Net plan assets at beginning of year (total assets less liabilities)	2014-10-31	$6,729,499
2013 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2013 401k financial data
Total income from all sources	2013-10-31	$1,191,806
Expenses. Total of all expenses incurred	2013-10-31	$964,721
Benefits paid (including direct rollovers)	2013-10-31	$964,721
Total plan assets at end of year	2013-10-31	$6,729,499
Total plan assets at beginning of year	2013-10-31	$6,502,414
Value of fidelity bond covering the plan	2013-10-31	$500,000
Other income received	2013-10-31	$1,081,806
Net income (gross income less expenses)	2013-10-31	$227,085
Net plan assets at end of year (total assets less liabilities)	2013-10-31	$6,729,499
Net plan assets at beginning of year (total assets less liabilities)	2013-10-31	$6,502,414
Total contributions received or receivable from employer(s)	2013-10-31	$110,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-10-31	$0
2012 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2012 401k financial data
Total income from all sources	2012-10-31	$561,399
Expenses. Total of all expenses incurred	2012-10-31	$206,001
Benefits paid (including direct rollovers)	2012-10-31	$206,001
Total plan assets at end of year	2012-10-31	$6,502,414
Total plan assets at beginning of year	2012-10-31	$6,147,016
Value of fidelity bond covering the plan	2012-10-31	$500,000
Other income received	2012-10-31	$561,399
Net income (gross income less expenses)	2012-10-31	$355,398
Net plan assets at end of year (total assets less liabilities)	2012-10-31	$6,502,414
Net plan assets at beginning of year (total assets less liabilities)	2012-10-31	$6,147,016
2011 : SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2011 401k financial data
Total income from all sources	2011-10-31	$772,962
Expenses. Total of all expenses incurred	2011-10-31	$178,899
Benefits paid (including direct rollovers)	2011-10-31	$178,899
Total plan assets at end of year	2011-10-31	$6,147,016
Total plan assets at beginning of year	2011-10-31	$5,552,953
Value of fidelity bond covering the plan	2011-10-31	$500,000
Other income received	2011-10-31	$172,962
Net income (gross income less expenses)	2011-10-31	$594,063
Net plan assets at end of year (total assets less liabilities)	2011-10-31	$6,147,016
Net plan assets at beginning of year (total assets less liabilities)	2011-10-31	$5,552,953
Total contributions received or receivable from employer(s)	2011-10-31	$600,000

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS

2022: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2022 form 5500 responses
2022-11-01	Type of plan entity	Single employer plan
2022-11-01	Submission has been amended	No
2022-11-01	This submission is the final filing	No
2022-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-11-01	Plan is a collectively bargained plan	No
2022-11-01	Plan funding arrangement – Trust	Yes
2022-11-01	Plan benefit arrangement - Trust	Yes
2021: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2021 form 5500 responses
2021-11-01	Type of plan entity	Single employer plan
2021-11-01	Submission has been amended	Yes
2021-11-01	This submission is the final filing	No
2021-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-11-01	Plan is a collectively bargained plan	No
2021-11-01	Plan funding arrangement – Trust	Yes
2021-11-01	Plan benefit arrangement - Trust	Yes
2020: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2020 form 5500 responses
2020-11-01	Type of plan entity	Single employer plan
2020-11-01	Submission has been amended	No
2020-11-01	This submission is the final filing	No
2020-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-11-01	Plan is a collectively bargained plan	No
2020-11-01	Plan funding arrangement – Trust	Yes
2020-11-01	Plan benefit arrangement - Trust	Yes
2019: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2019 form 5500 responses
2019-11-01	Type of plan entity	Single employer plan
2019-11-01	Submission has been amended	No
2019-11-01	This submission is the final filing	No
2019-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-11-01	Plan is a collectively bargained plan	No
2019-11-01	Plan funding arrangement – Trust	Yes
2019-11-01	Plan benefit arrangement - Trust	Yes
2018: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2018 form 5500 responses
2018-11-01	Type of plan entity	Single employer plan
2018-11-01	Submission has been amended	No
2018-11-01	This submission is the final filing	No
2018-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-11-01	Plan is a collectively bargained plan	No
2018-11-01	Plan funding arrangement – Trust	Yes
2018-11-01	Plan benefit arrangement - Trust	Yes
2017: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2017 form 5500 responses
2017-11-01	Type of plan entity	Single employer plan
2017-11-01	Submission has been amended	Yes
2017-11-01	This submission is the final filing	No
2017-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-11-01	Plan is a collectively bargained plan	No
2017-11-01	Plan funding arrangement – Trust	Yes
2017-11-01	Plan benefit arrangement - Trust	Yes
2016: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2016 form 5500 responses
2016-11-01	Type of plan entity	Single employer plan
2016-11-01	Submission has been amended	No
2016-11-01	This submission is the final filing	No
2016-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-11-01	Plan is a collectively bargained plan	No
2016-11-01	Plan funding arrangement – Trust	Yes
2016-11-01	Plan benefit arrangement - Trust	Yes
2015: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2015 form 5500 responses
2015-11-01	Type of plan entity	Single employer plan
2015-11-01	Submission has been amended	No
2015-11-01	This submission is the final filing	No
2015-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-11-01	Plan is a collectively bargained plan	No
2015-11-01	Plan funding arrangement – Trust	Yes
2015-11-01	Plan benefit arrangement - Trust	Yes
2014: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2014 form 5500 responses
2014-11-01	Type of plan entity	Single employer plan
2014-11-01	Submission has been amended	No
2014-11-01	This submission is the final filing	No
2014-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-11-01	Plan is a collectively bargained plan	No
2014-11-01	Plan funding arrangement – Trust	Yes
2014-11-01	Plan benefit arrangement - Trust	Yes
2013: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2013 form 5500 responses
2013-11-01	Type of plan entity	Single employer plan
2013-11-01	Submission has been amended	No
2013-11-01	This submission is the final filing	No
2013-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-11-01	Plan is a collectively bargained plan	No
2013-11-01	Plan funding arrangement – Trust	Yes
2013-11-01	Plan benefit arrangement - Trust	Yes
2012: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2012 form 5500 responses
2012-11-01	Type of plan entity	Single employer plan
2012-11-01	Submission has been amended	No
2012-11-01	This submission is the final filing	No
2012-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-11-01	Plan is a collectively bargained plan	No
2012-11-01	Plan funding arrangement – Trust	Yes
2012-11-01	Plan benefit arrangement - Trust	Yes
2011: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2011 form 5500 responses
2011-11-01	Type of plan entity	Single employer plan
2011-11-01	Submission has been amended	No
2011-11-01	This submission is the final filing	No
2011-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-11-01	Plan is a collectively bargained plan	No
2011-11-01	Plan funding arrangement – Trust	Yes
2011-11-01	Plan benefit arrangement - Trust	Yes
2009: SBERA PENSION PLAN AS ADOPTED BY CAPE ANN SAVINGS 2009 form 5500 responses
2009-11-01	Type of plan entity	Single employer plan
2009-11-01	Submission has been amended	No
2009-11-01	This submission is the final filing	No
2009-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-11-01	Plan is a collectively bargained plan	No
2009-11-01	Plan funding arrangement – Trust	Yes
2009-11-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CAPE ANN SAVINGS BANK
Employer identification number (EIN):	041148820
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Plan id#	Filing Submission Date	Name of Administrator
001	2023-11-01	THOMAS FORESE, JR.
001	2022-11-01
001	2022-11-01	THOMAS FORESE, JR.
001	2021-11-01
001	2021-11-01	THOMAS FORESE JR.
001	2020-11-01
001	2019-11-01
001	2018-11-01
001	2017-11-01
001	2017-11-01
001	2016-11-01	THOMAS FORESE, JR.
001	2015-11-01	THOMAS FORESE, JR.
001	2014-11-01	THOMAS FORESE, JR.
001	2013-11-01	THOMAS FORESE JR.
001	2012-11-01	THOMAS FORESE JR.
001	2011-11-01	THOMAS FORESE JR.
001	2009-11-01	THOMAS FORESE JR.