401k Plan data: SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK plan

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

Plan Name	SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK
Plan identification number	002

SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

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

Company Name: MERRIMAC SAVINGS BANK

Employer identification number (EIN): 041614310

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 MERRIMAC SAVINGS BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2015-01-01 THOMAS FORESE, JR.
002 2015-01-01
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 2009-01-01 THOMAS FORESE, JR.

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

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

Measure Date Value
2015: SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year 2015-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 0
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 0
Total of all active and inactive participants 2015-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 0
Number of participants with account balances 2015-01-01 0
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 MERRIMAC SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year 2014-01-01 29
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 23
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 7
Total of all active and inactive participants 2014-01-01 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 30
Number of participants with account balances 2014-01-01 25
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 MERRIMAC SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year 2013-01-01 30
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 22
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 7
Total of all active and inactive participants 2013-01-01 29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 29
Number of participants with account balances 2013-01-01 23
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 MERRIMAC SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year 2012-01-01 26
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 25
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 5
Total of all active and inactive participants 2012-01-01 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 30
Number of participants with account balances 2012-01-01 23
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 MERRIMAC SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year 2011-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 21
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 5
Total of all active and inactive participants 2011-01-01 26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 26
Number of participants with account balances 2011-01-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year 2009-01-01 28
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 22
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 4
Total of all active and inactive participants 2009-01-01 26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 26
Number of participants with account balances 2009-01-01 23
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2015: SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year	2015-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	0
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	0
Total of all active and inactive participants	2015-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	0
Number of participants with account balances	2015-01-01	0
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 MERRIMAC SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year	2014-01-01	29
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	23
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	7
Total of all active and inactive participants	2014-01-01	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	30
Number of participants with account balances	2014-01-01	25
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 MERRIMAC SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year	2013-01-01	30
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	22
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	7
Total of all active and inactive participants	2013-01-01	29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	29
Number of participants with account balances	2013-01-01	23
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 MERRIMAC SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year	2012-01-01	26
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	25
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	5
Total of all active and inactive participants	2012-01-01	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	30
Number of participants with account balances	2012-01-01	23
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 MERRIMAC SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year	2011-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	21
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	5
Total of all active and inactive participants	2011-01-01	26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	26
Number of participants with account balances	2011-01-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year	2009-01-01	28
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	22
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	4
Total of all active and inactive participants	2009-01-01	26
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	26
Number of participants with account balances	2009-01-01	23
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 MERRIMAC SAVINGS BANK

Measure	Date	Value
2015 : SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2015 401k financial data
Transfers to/from the plan	2015-11-30	$-2,309,248
Total income from all sources	2015-11-30	$76,478
Expenses. Total of all expenses incurred	2015-11-30	$32,065
Benefits paid (including direct rollovers)	2015-11-30	$32,065
Total plan assets at beginning of year	2015-11-30	$2,264,835
Value of fidelity bond covering the plan	2015-11-30	$226,484
Total contributions received or receivable from participants	2015-11-30	$70,553
Other income received	2015-11-30	$-45,596
Net income (gross income less expenses)	2015-11-30	$44,413
Net plan assets at end of year (total assets less liabilities)	2015-11-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2015-11-30	$2,264,835
Assets. Value of participant loans	2015-11-30	$0
Total contributions received or receivable from employer(s)	2015-11-30	$51,521
2014 : SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2014 401k financial data
Total income from all sources	2014-12-31	$226,607
Expenses. Total of all expenses incurred	2014-12-31	$189,953
Benefits paid (including direct rollovers)	2014-12-31	$189,953
Total plan assets at end of year	2014-12-31	$2,264,835
Total plan assets at beginning of year	2014-12-31	$2,228,181
Value of fidelity bond covering the plan	2014-12-31	$222,818
Total contributions received or receivable from participants	2014-12-31	$80,263
Other income received	2014-12-31	$86,812
Net income (gross income less expenses)	2014-12-31	$36,654
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$2,264,835
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$2,228,181
Assets. Value of participant loans	2014-12-31	$52,039
Total contributions received or receivable from employer(s)	2014-12-31	$59,532
2013 : SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2013 401k financial data
Total income from all sources	2013-12-31	$378,806
Expenses. Total of all expenses incurred	2013-12-31	$32,089
Benefits paid (including direct rollovers)	2013-12-31	$27,951
Total plan assets at end of year	2013-12-31	$2,228,181
Total plan assets at beginning of year	2013-12-31	$1,881,464
Value of fidelity bond covering the plan	2013-12-31	$188,146
Total contributions received or receivable from participants	2013-12-31	$73,655
Other income received	2013-12-31	$250,915
Net income (gross income less expenses)	2013-12-31	$346,717
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$2,228,181
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,881,464
Assets. Value of participant loans	2013-12-31	$75,413
Total contributions received or receivable from employer(s)	2013-12-31	$54,236
Value of certain deemed distributions of participant loans	2013-12-31	$4,138
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 MERRIMAC SAVINGS BANK 2012 401k financial data
Total income from all sources	2012-12-31	$256,101
Expenses. Total of all expenses incurred	2012-12-31	$9,425
Benefits paid (including direct rollovers)	2012-12-31	$9,425
Total plan assets at end of year	2012-12-31	$1,881,464
Total plan assets at beginning of year	2012-12-31	$1,634,788
Value of fidelity bond covering the plan	2012-12-31	$163,749
Total contributions received or receivable from participants	2012-12-31	$71,699
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$128,161
Net income (gross income less expenses)	2012-12-31	$246,676
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,881,464
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,634,788
Assets. Value of participant loans	2012-12-31	$77,549
Total contributions received or receivable from employer(s)	2012-12-31	$56,241
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$0
2011 : SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2011 401k financial data
Total income from all sources	2011-12-31	$132,182
Expenses. Total of all expenses incurred	2011-12-31	$156,817
Benefits paid (including direct rollovers)	2011-12-31	$156,817
Total plan assets at end of year	2011-12-31	$1,634,788
Total plan assets at beginning of year	2011-12-31	$1,659,423
Value of fidelity bond covering the plan	2011-12-31	$165,942
Total contributions received or receivable from participants	2011-12-31	$71,105
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$7,414
Noncash contributions received	2011-12-31	$0
Net income (gross income less expenses)	2011-12-31	$-24,635
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,634,788
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,659,423
Assets. Value of participant loans	2011-12-31	$21,835
Total contributions received or receivable from employer(s)	2011-12-31	$53,663
2010 : SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2010 401k financial data
Total income from all sources	2010-12-31	$259,137
Expenses. Total of all expenses incurred	2010-12-31	$1,418
Benefits paid (including direct rollovers)	2010-12-31	$1,418
Total plan assets at end of year	2010-12-31	$1,659,423
Total plan assets at beginning of year	2010-12-31	$1,401,704
Value of fidelity bond covering the plan	2010-12-31	$140,170
Total contributions received or receivable from participants	2010-12-31	$87,055
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$120,397
Net income (gross income less expenses)	2010-12-31	$257,719
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,659,423
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,401,704
Assets. Value of participant loans	2010-12-31	$26,269
Total contributions received or receivable from employer(s)	2010-12-31	$51,685
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0

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

2015: SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	Yes
2015-01-01	This submission is the final filing	Yes
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
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 MERRIMAC SAVINGS BANK 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 MERRIMAC SAVINGS BANK 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 MERRIMAC SAVINGS BANK 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 MERRIMAC SAVINGS BANK 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
2009: SBERA 401(K) PLAN AS ADOPTED BY MERRIMAC SAVINGS BANK 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

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	MERRIMAC SAVINGS BANK
Employer identification number (EIN):	041614310
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Plan id#	Filing Submission Date	Name of Administrator
002	2015-01-01	THOMAS FORESE, JR.
002	2015-01-01
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	2009-01-01	THOMAS FORESE, JR.