401k Plan data: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION plan

SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 401k Plan overview

Plan Name	SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION
Plan identification number	001

SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 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

MASSACHUSETTS BANKERS ASSOCIATION, INC. has sponsored the creation of one or more 401k plans.

Company Name: MASSACHUSETTS BANKERS ASSOCIATION, INC.

Employer identification number (EIN): 041589780

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 MASSACHUSETTS BANKERS ASSOCIATION

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 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 MASSACHUSETTS BANKERS ASSOCIATION

Measure	Date	Value
2023 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2023 401k financial data
Total income from all sources	2023-10-31	$580,027
Expenses. Total of all expenses incurred	2023-10-31	$512,708
Benefits paid (including direct rollovers)	2023-10-31	$512,708
Total plan assets at end of year	2023-10-31	$10,665,985
Total plan assets at beginning of year	2023-10-31	$10,598,666
Value of fidelity bond covering the plan	2023-10-31	$500,000
Other income received	2023-10-31	$580,027
Net income (gross income less expenses)	2023-10-31	$67,319
Net plan assets at end of year (total assets less liabilities)	2023-10-31	$10,665,985
Net plan assets at beginning of year (total assets less liabilities)	2023-10-31	$10,598,666
2022 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2022 401k financial data
Total income from all sources	2022-10-31	$-1,993,579
Expenses. Total of all expenses incurred	2022-10-31	$394,133
Benefits paid (including direct rollovers)	2022-10-31	$394,133
Total plan assets at end of year	2022-10-31	$10,598,666
Total plan assets at beginning of year	2022-10-31	$12,986,378
Value of fidelity bond covering the plan	2022-10-31	$500,000
Other income received	2022-10-31	$-2,418,579
Net income (gross income less expenses)	2022-10-31	$-2,387,712
Net plan assets at end of year (total assets less liabilities)	2022-10-31	$10,598,666
Net plan assets at beginning of year (total assets less liabilities)	2022-10-31	$12,986,378
Total contributions received or receivable from employer(s)	2022-10-31	$425,000
2021 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2021 401k financial data
Total income from all sources	2021-10-31	$3,300,381
Expenses. Total of all expenses incurred	2021-10-31	$2,724,287
Benefits paid (including direct rollovers)	2021-10-31	$2,724,287
Total plan assets at end of year	2021-10-31	$12,986,378
Total plan assets at beginning of year	2021-10-31	$12,410,284
Value of fidelity bond covering the plan	2021-10-31	$500,000
Other income received	2021-10-31	$2,875,381
Net income (gross income less expenses)	2021-10-31	$576,094
Net plan assets at end of year (total assets less liabilities)	2021-10-31	$12,986,378
Net plan assets at beginning of year (total assets less liabilities)	2021-10-31	$12,410,284
Total contributions received or receivable from employer(s)	2021-10-31	$425,000
2020 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2020 401k financial data
Total income from all sources	2020-10-31	$882,310
Expenses. Total of all expenses incurred	2020-10-31	$405,763
Benefits paid (including direct rollovers)	2020-10-31	$405,763
Total plan assets at end of year	2020-10-31	$12,410,284
Total plan assets at beginning of year	2020-10-31	$11,933,737
Value of fidelity bond covering the plan	2020-10-31	$500,000
Other income received	2020-10-31	$457,310
Net income (gross income less expenses)	2020-10-31	$476,547
Net plan assets at end of year (total assets less liabilities)	2020-10-31	$12,410,284
Net plan assets at beginning of year (total assets less liabilities)	2020-10-31	$11,933,737
Total contributions received or receivable from employer(s)	2020-10-31	$425,000
2019 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2019 401k financial data
Total income from all sources	2019-10-31	$1,556,067
Expenses. Total of all expenses incurred	2019-10-31	$288,321
Benefits paid (including direct rollovers)	2019-10-31	$288,321
Total plan assets at end of year	2019-10-31	$11,933,737
Total plan assets at beginning of year	2019-10-31	$10,665,991
Value of fidelity bond covering the plan	2019-10-31	$500,000
Other income received	2019-10-31	$1,131,067
Net income (gross income less expenses)	2019-10-31	$1,267,746
Net plan assets at end of year (total assets less liabilities)	2019-10-31	$11,933,737
Net plan assets at beginning of year (total assets less liabilities)	2019-10-31	$10,665,991
Total contributions received or receivable from employer(s)	2019-10-31	$425,000
2017 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2017 401k financial data
Total income from all sources	2017-10-31	$1,827,926
Expenses. Total of all expenses incurred	2017-10-31	$285,236
Benefits paid (including direct rollovers)	2017-10-31	$285,236
Total plan assets at end of year	2017-10-31	$10,737,818
Total plan assets at beginning of year	2017-10-31	$9,195,128
Value of fidelity bond covering the plan	2017-10-31	$500,000
Other income received	2017-10-31	$1,402,926
Net income (gross income less expenses)	2017-10-31	$1,542,690
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$10,737,818
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$9,195,128
Total contributions received or receivable from employer(s)	2017-10-31	$425,000
2016 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2016 401k financial data
Total income from all sources	2016-10-31	$760,683
Expenses. Total of all expenses incurred	2016-10-31	$271,991
Total plan assets at end of year	2016-10-31	$9,195,128
Total plan assets at beginning of year	2016-10-31	$8,706,436
Value of fidelity bond covering the plan	2016-10-31	$500,000
Other income received	2016-10-31	$335,683
Net income (gross income less expenses)	2016-10-31	$488,692
Net plan assets at end of year (total assets less liabilities)	2016-10-31	$9,195,128
Net plan assets at beginning of year (total assets less liabilities)	2016-10-31	$8,706,436
Total contributions received or receivable from employer(s)	2016-10-31	$425,000
Value of corrective distributions	2016-10-31	$271,991
2015 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2015 401k financial data
Total income from all sources	2015-10-31	$361,595
Expenses. Total of all expenses incurred	2015-10-31	$222,772
Benefits paid (including direct rollovers)	2015-10-31	$222,772
Total plan assets at end of year	2015-10-31	$8,706,436
Total plan assets at beginning of year	2015-10-31	$8,567,613
Value of fidelity bond covering the plan	2015-10-31	$500,000
Other income received	2015-10-31	$-63,405
Net income (gross income less expenses)	2015-10-31	$138,823
Net plan assets at end of year (total assets less liabilities)	2015-10-31	$8,706,436
Net plan assets at beginning of year (total assets less liabilities)	2015-10-31	$8,567,613
Total contributions received or receivable from employer(s)	2015-10-31	$425,000
2014 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2014 401k financial data
Total income from all sources	2014-10-31	$466,763
Expenses. Total of all expenses incurred	2014-10-31	$444,936
Benefits paid (including direct rollovers)	2014-10-31	$444,936
Total plan assets at end of year	2014-10-31	$8,567,613
Total plan assets at beginning of year	2014-10-31	$8,545,786
Value of fidelity bond covering the plan	2014-10-31	$500,000
Other income received	2014-10-31	$466,763
Net income (gross income less expenses)	2014-10-31	$21,827
Net plan assets at end of year (total assets less liabilities)	2014-10-31	$8,567,613
Net plan assets at beginning of year (total assets less liabilities)	2014-10-31	$8,545,786
2013 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2013 401k financial data
Total income from all sources	2013-10-31	$1,591,170
Expenses. Total of all expenses incurred	2013-10-31	$147,103
Benefits paid (including direct rollovers)	2013-10-31	$147,103
Total plan assets at end of year	2013-10-31	$8,545,786
Total plan assets at beginning of year	2013-10-31	$7,101,719
Value of fidelity bond covering the plan	2013-10-31	$500,000
Other income received	2013-10-31	$1,166,170
Net income (gross income less expenses)	2013-10-31	$1,444,067
Net plan assets at end of year (total assets less liabilities)	2013-10-31	$8,545,786
Net plan assets at beginning of year (total assets less liabilities)	2013-10-31	$7,101,719
Total contributions received or receivable from employer(s)	2013-10-31	$425,000
2012 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2012 401k financial data
Total income from all sources	2012-10-31	$1,410,878
Expenses. Total of all expenses incurred	2012-10-31	$99,835
Benefits paid (including direct rollovers)	2012-10-31	$99,835
Total plan assets at end of year	2012-10-31	$7,101,719
Total plan assets at beginning of year	2012-10-31	$5,790,676
Value of fidelity bond covering the plan	2012-10-31	$500,000
Other income received	2012-10-31	$560,878
Net income (gross income less expenses)	2012-10-31	$1,311,043
Net plan assets at end of year (total assets less liabilities)	2012-10-31	$7,101,719
Net plan assets at beginning of year (total assets less liabilities)	2012-10-31	$5,790,676
Total contributions received or receivable from employer(s)	2012-10-31	$850,000
2011 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2011 401k financial data
Total income from all sources	2011-10-31	$360,816
Expenses. Total of all expenses incurred	2011-10-31	$95,208
Benefits paid (including direct rollovers)	2011-10-31	$95,208
Total plan assets at end of year	2011-10-31	$5,790,676
Total plan assets at beginning of year	2011-10-31	$5,525,068
Value of fidelity bond covering the plan	2011-10-31	$500,000
Other income received	2011-10-31	$199,419
Net income (gross income less expenses)	2011-10-31	$265,608
Net plan assets at end of year (total assets less liabilities)	2011-10-31	$5,790,676
Net plan assets at beginning of year (total assets less liabilities)	2011-10-31	$5,525,068
Total contributions received or receivable from employer(s)	2011-10-31	$161,397

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION

2022: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 2021 form 5500 responses
2021-11-01	Type of plan entity	Single employer plan
2021-11-01	Submission has been amended	No
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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 2017 form 5500 responses
2017-11-01	Type of plan entity	Single employer plan
2017-11-01	Submission has been amended	No
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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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 MASSACHUSETTS BANKERS ASSOCIATION 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:	MASSACHUSETTS BANKERS ASSOCIATION, INC.
Employer identification number (EIN):	041589780
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	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.