401k Plan data: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS plan

SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 401k Plan overview

Plan Name	SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS
Plan identification number	002

SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS Benefits

401k Plan Type

Defined 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

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 401(K) 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
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01 THOMAS FORESE, JR.
002 2017-01-01 THOMAS FORESE, JR.
002 2016-01-01 THOMAS FORESE, JR.
002 2015-01-01 THOMAS FORESE, JR.
002 2014-01-01 THOMAS FORESE, JR.
002 2013-01-01 THOMAS FORESE JR.
002 2012-01-01 THOMAS FORESE JR.
002 2011-01-01 THOMAS FORESE JR.
002 2010-01-01 THOMAS FORESE JR.
002 2009-01-01 THOMAS FORESE JR.

Plan Statistics for SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS

401k plan membership statisitcs for SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS

Measure Date Value
2022: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2022 401k membership
Total participants, beginning-of-year 2022-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 80
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 20
Total of all active and inactive participants 2022-01-01 100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 100
Number of participants with account balances 2022-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2021 401k membership
Total participants, beginning-of-year 2021-01-01 90
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 79
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 19
Total of all active and inactive participants 2021-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 98
Number of participants with account balances 2021-01-01 77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2020 401k membership
Total participants, beginning-of-year 2020-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 69
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 21
Total of all active and inactive participants 2020-01-01 90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 90
Number of participants with account balances 2020-01-01 79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2019 401k membership
Total participants, beginning-of-year 2019-01-01 92
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 75
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 19
Total of all active and inactive participants 2019-01-01 94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 94
Number of participants with account balances 2019-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2018 401k membership
Total participants, beginning-of-year 2018-01-01 94
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 73
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 19
Total of all active and inactive participants 2018-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 92
Number of participants with account balances 2018-01-01 83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2017 401k membership
Total participants, beginning-of-year 2017-01-01 93
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 72
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 22
Total of all active and inactive participants 2017-01-01 94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 94
Number of participants with account balances 2017-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2016 401k membership
Total participants, beginning-of-year 2016-01-01 91
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 69
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 24
Total of all active and inactive participants 2016-01-01 93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 93
Number of participants with account balances 2016-01-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2015 401k membership
Total participants, beginning-of-year 2015-01-01 74
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 65
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 26
Total of all active and inactive participants 2015-01-01 91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 91
Number of participants with account balances 2015-01-01 80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2014 401k membership
Total participants, beginning-of-year 2014-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 54
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 20
Total of all active and inactive participants 2014-01-01 74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 74
Number of participants with account balances 2014-01-01 67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2013 401k membership
Total participants, beginning-of-year 2013-01-01 76
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 63
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 15
Total of all active and inactive participants 2013-01-01 78
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 78
Number of participants with account balances 2013-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2012 401k membership
Total participants, beginning-of-year 2012-01-01 82
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 60
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 16
Total of all active and inactive participants 2012-01-01 76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 76
Number of participants with account balances 2012-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2011 401k membership
Total participants, beginning-of-year 2011-01-01 83
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 66
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 16
Total of all active and inactive participants 2011-01-01 82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 82
Number of participants with account balances 2011-01-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2010 401k membership
Total participants, beginning-of-year 2010-01-01 82
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 65
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 18
Total of all active and inactive participants 2010-01-01 83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 83
Number of participants with account balances 2010-01-01 72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2009 401k membership
Total participants, beginning-of-year 2009-01-01 87
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 67
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 15
Total of all active and inactive participants 2009-01-01 82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 82
Number of participants with account balances 2009-01-01 73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2022: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2022 401k membership
Total participants, beginning-of-year	2022-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	80
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	20
Total of all active and inactive participants	2022-01-01	100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	100
Number of participants with account balances	2022-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2021 401k membership
Total participants, beginning-of-year	2021-01-01	90
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	79
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	19
Total of all active and inactive participants	2021-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	98
Number of participants with account balances	2021-01-01	77
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2020 401k membership
Total participants, beginning-of-year	2020-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	69
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	21
Total of all active and inactive participants	2020-01-01	90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	90
Number of participants with account balances	2020-01-01	79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2019 401k membership
Total participants, beginning-of-year	2019-01-01	92
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	75
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	19
Total of all active and inactive participants	2019-01-01	94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	94
Number of participants with account balances	2019-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2018 401k membership
Total participants, beginning-of-year	2018-01-01	94
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	73
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	19
Total of all active and inactive participants	2018-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	92
Number of participants with account balances	2018-01-01	83
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2017 401k membership
Total participants, beginning-of-year	2017-01-01	93
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	72
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	22
Total of all active and inactive participants	2017-01-01	94
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	94
Number of participants with account balances	2017-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2016 401k membership
Total participants, beginning-of-year	2016-01-01	91
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	69
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	24
Total of all active and inactive participants	2016-01-01	93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	93
Number of participants with account balances	2016-01-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2015 401k membership
Total participants, beginning-of-year	2015-01-01	74
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	65
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	26
Total of all active and inactive participants	2015-01-01	91
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	91
Number of participants with account balances	2015-01-01	80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2014 401k membership
Total participants, beginning-of-year	2014-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	54
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	20
Total of all active and inactive participants	2014-01-01	74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	74
Number of participants with account balances	2014-01-01	67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2013 401k membership
Total participants, beginning-of-year	2013-01-01	76
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	63
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	15
Total of all active and inactive participants	2013-01-01	78
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	78
Number of participants with account balances	2013-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2012 401k membership
Total participants, beginning-of-year	2012-01-01	82
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	60
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	16
Total of all active and inactive participants	2012-01-01	76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	76
Number of participants with account balances	2012-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2011 401k membership
Total participants, beginning-of-year	2011-01-01	83
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	66
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	16
Total of all active and inactive participants	2011-01-01	82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	82
Number of participants with account balances	2011-01-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2010 401k membership
Total participants, beginning-of-year	2010-01-01	82
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	65
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	18
Total of all active and inactive participants	2010-01-01	83
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	83
Number of participants with account balances	2010-01-01	72
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2009 401k membership
Total participants, beginning-of-year	2009-01-01	87
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	67
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	15
Total of all active and inactive participants	2009-01-01	82
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	82
Number of participants with account balances	2009-01-01	73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS

Measure	Date	Value
2022 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2022 401k financial data
Total income from all sources	2022-12-31	$-1,292,157
Expenses. Total of all expenses incurred	2022-12-31	$663,973
Benefits paid (including direct rollovers)	2022-12-31	$663,423
Total plan assets at end of year	2022-12-31	$8,870,108
Total plan assets at beginning of year	2022-12-31	$10,826,238
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$510,602
Contributions received from other sources (not participants or employers)	2022-12-31	$4,900
Other income received	2022-12-31	$-1,807,659
Net income (gross income less expenses)	2022-12-31	$-1,956,130
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$8,870,108
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$10,826,238
Assets. Value of participant loans	2022-12-31	$198,350
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$550
2021 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2021 401k financial data
Total income from all sources	2021-12-31	$2,006,738
Expenses. Total of all expenses incurred	2021-12-31	$1,669,529
Benefits paid (including direct rollovers)	2021-12-31	$1,669,329
Total plan assets at end of year	2021-12-31	$10,826,238
Total plan assets at beginning of year	2021-12-31	$10,489,029
Value of fidelity bond covering the plan	2021-12-31	$500,000
Total contributions received or receivable from participants	2021-12-31	$480,076
Contributions received from other sources (not participants or employers)	2021-12-31	$2,155
Other income received	2021-12-31	$1,524,507
Net income (gross income less expenses)	2021-12-31	$337,209
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$10,826,238
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$10,489,029
Assets. Value of participant loans	2021-12-31	$172,318
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$200
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2020 401k financial data
Total income from all sources	2020-12-31	$1,855,034
Expenses. Total of all expenses incurred	2020-12-31	$64,243
Benefits paid (including direct rollovers)	2020-12-31	$63,893
Total plan assets at end of year	2020-12-31	$10,489,029
Total plan assets at beginning of year	2020-12-31	$8,698,238
Value of fidelity bond covering the plan	2020-12-31	$500,000
Total contributions received or receivable from participants	2020-12-31	$441,655
Other income received	2020-12-31	$1,413,379
Net income (gross income less expenses)	2020-12-31	$1,790,791
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$10,489,029
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$8,698,238
Assets. Value of participant loans	2020-12-31	$181,890
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$350
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2019 401k financial data
Total income from all sources	2019-12-31	$2,037,835
Expenses. Total of all expenses incurred	2019-12-31	$530,766
Benefits paid (including direct rollovers)	2019-12-31	$530,366
Total plan assets at end of year	2019-12-31	$8,698,238
Total plan assets at beginning of year	2019-12-31	$7,191,169
Value of fidelity bond covering the plan	2019-12-31	$500,000
Total contributions received or receivable from participants	2019-12-31	$372,731
Contributions received from other sources (not participants or employers)	2019-12-31	$110,202
Other income received	2019-12-31	$1,554,902
Net income (gross income less expenses)	2019-12-31	$1,507,069
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$8,698,238
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$7,191,169
Assets. Value of participant loans	2019-12-31	$219,271
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$400
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2018 401k financial data
Total income from all sources	2018-12-31	$204,305
Expenses. Total of all expenses incurred	2018-12-31	$1,161,283
Benefits paid (including direct rollovers)	2018-12-31	$1,160,783
Total plan assets at end of year	2018-12-31	$7,191,169
Total plan assets at beginning of year	2018-12-31	$8,148,147
Value of fidelity bond covering the plan	2018-12-31	$500,000
Total contributions received or receivable from participants	2018-12-31	$364,020
Contributions received from other sources (not participants or employers)	2018-12-31	$27,907
Other income received	2018-12-31	$-187,622
Net income (gross income less expenses)	2018-12-31	$-956,978
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$7,191,169
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$8,148,147
Assets. Value of participant loans	2018-12-31	$265,172
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$500
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2017 401k financial data
Total income from all sources	2017-12-31	$1,618,786
Expenses. Total of all expenses incurred	2017-12-31	$116,391
Benefits paid (including direct rollovers)	2017-12-31	$116,391
Total plan assets at end of year	2017-12-31	$8,148,147
Total plan assets at beginning of year	2017-12-31	$6,645,752
Value of fidelity bond covering the plan	2017-12-31	$500,000
Total contributions received or receivable from participants	2017-12-31	$318,256
Contributions received from other sources (not participants or employers)	2017-12-31	$269,652
Other income received	2017-12-31	$1,030,878
Net income (gross income less expenses)	2017-12-31	$1,502,395
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$8,148,147
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$6,645,752
Assets. Value of participant loans	2017-12-31	$287,565
2016 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2016 401k financial data
Total income from all sources	2016-12-31	$739,331
Expenses. Total of all expenses incurred	2016-12-31	$177,447
Benefits paid (including direct rollovers)	2016-12-31	$177,447
Total plan assets at end of year	2016-12-31	$6,645,752
Total plan assets at beginning of year	2016-12-31	$6,083,868
Value of fidelity bond covering the plan	2016-12-31	$500,000
Total contributions received or receivable from participants	2016-12-31	$269,156
Other income received	2016-12-31	$470,175
Net income (gross income less expenses)	2016-12-31	$561,884
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$6,645,752
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$6,083,868
Assets. Value of participant loans	2016-12-31	$270,018
2015 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2015 401k financial data
Transfers to/from the plan	2015-12-31	$969,582
Total income from all sources	2015-12-31	$294,001
Expenses. Total of all expenses incurred	2015-12-31	$105,119
Benefits paid (including direct rollovers)	2015-12-31	$103,994
Total plan assets at end of year	2015-12-31	$6,083,868
Total plan assets at beginning of year	2015-12-31	$4,925,404
Value of fidelity bond covering the plan	2015-12-31	$492,540
Total contributions received or receivable from participants	2015-12-31	$273,814
Contributions received from other sources (not participants or employers)	2015-12-31	$15,984
Other income received	2015-12-31	$4,203
Net income (gross income less expenses)	2015-12-31	$188,882
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$6,083,868
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$4,925,404
Assets. Value of participant loans	2015-12-31	$218,935
Value of certain deemed distributions of participant loans	2015-12-31	$1,125
2014 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2014 401k financial data
Total income from all sources	2014-12-31	$461,692
Expenses. Total of all expenses incurred	2014-12-31	$93,698
Benefits paid (including direct rollovers)	2014-12-31	$80,708
Total plan assets at end of year	2014-12-31	$4,925,404
Total plan assets at beginning of year	2014-12-31	$4,557,410
Value of fidelity bond covering the plan	2014-12-31	$455,741
Total contributions received or receivable from participants	2014-12-31	$190,455
Contributions received from other sources (not participants or employers)	2014-12-31	$13,033
Other income received	2014-12-31	$258,204
Net income (gross income less expenses)	2014-12-31	$367,994
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$4,925,404
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$4,557,410
Assets. Value of participant loans	2014-12-31	$249,587
Value of certain deemed distributions of participant loans	2014-12-31	$12,990
2013 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2013 401k financial data
Total income from all sources	2013-12-31	$1,320,609
Expenses. Total of all expenses incurred	2013-12-31	$471,774
Benefits paid (including direct rollovers)	2013-12-31	$471,774
Total plan assets at end of year	2013-12-31	$4,557,410
Total plan assets at beginning of year	2013-12-31	$3,708,575
Value of fidelity bond covering the plan	2013-12-31	$370,858
Total contributions received or receivable from participants	2013-12-31	$221,981
Contributions received from other sources (not participants or employers)	2013-12-31	$124,327
Other income received	2013-12-31	$974,301
Net income (gross income less expenses)	2013-12-31	$848,835
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$4,557,410
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$3,708,575
Assets. Value of participant loans	2013-12-31	$184,278
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2012 401k financial data
Total income from all sources	2012-12-31	$642,118
Expenses. Total of all expenses incurred	2012-12-31	$466,325
Benefits paid (including direct rollovers)	2012-12-31	$464,853
Total plan assets at end of year	2012-12-31	$3,708,575
Total plan assets at beginning of year	2012-12-31	$3,532,782
Value of fidelity bond covering the plan	2012-12-31	$353,279
Total contributions received or receivable from participants	2012-12-31	$206,952
Other income received	2012-12-31	$435,166
Net income (gross income less expenses)	2012-12-31	$175,793
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,708,575
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$3,532,782
Assets. Value of participant loans	2012-12-31	$184,280
Total contributions received or receivable from employer(s)	2012-12-31	$0
Value of certain deemed distributions of participant loans	2012-12-31	$1,472
2011 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2011 401k financial data
Total income from all sources	2011-12-31	$233,227
Expenses. Total of all expenses incurred	2011-12-31	$156,412
Benefits paid (including direct rollovers)	2011-12-31	$156,412
Total plan assets at end of year	2011-12-31	$3,532,782
Total plan assets at beginning of year	2011-12-31	$3,455,967
Value of fidelity bond covering the plan	2011-12-31	$345,597
Total contributions received or receivable from participants	2011-12-31	$206,552
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$26,675
Net income (gross income less expenses)	2011-12-31	$76,815
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$3,532,782
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$3,455,967
Assets. Value of participant loans	2011-12-31	$197,062
Total contributions received or receivable from employer(s)	2011-12-31	$0
Value of certain deemed distributions of participant loans	2011-12-31	$0
Value of corrective distributions	2011-12-31	$0
2010 : SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2010 401k financial data
Total income from all sources	2010-12-31	$599,817
Expenses. Total of all expenses incurred	2010-12-31	$221,907
Benefits paid (including direct rollovers)	2010-12-31	$221,649
Total plan assets at end of year	2010-12-31	$3,455,967
Total plan assets at beginning of year	2010-12-31	$3,078,057
Value of fidelity bond covering the plan	2010-12-31	$307,806
Total contributions received or receivable from participants	2010-12-31	$198,979
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$400,838
Net income (gross income less expenses)	2010-12-31	$377,910
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$3,455,967
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$3,078,057
Assets. Value of participant loans	2010-12-31	$164,755
Total contributions received or receivable from employer(s)	2010-12-31	$0
Value of certain deemed distributions of participant loans	2010-12-31	$258
Value of corrective distributions	2010-12-31	$0

Form 5500 Responses for SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS

2022: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 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 – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 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: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 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: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 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: SBERA 401(K) PLAN AS ADOPTED BY CAPE ANN SAVINGS 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:	CAPE ANN SAVINGS BANK
Employer identification number (EIN):	041148820
NAIC Classification:	522120
NAIC Description:	Savings Institutions