401k Plan data: SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK plan

SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 401k Plan overview

Plan Name	SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK
Plan identification number	001

SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

MILLBURY NATIONAL BANK has sponsored the creation of one or more 401k plans.

Company Name: MILLBURY NATIONAL BANK

Employer identification number (EIN): 041621330

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about MILLBURY NATIONAL BANK

Jurisdiction of Incorporation: Commonwealth of Massachusetts Corporations Division

Incorporation Date:

Company Identification Number: 041621330

More information about MILLBURY NATIONAL BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK

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 2010-11-01 THOMAS FORESE JR.
001 2009-11-01 THOMAS FORESE JR.

Financial Data on SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK

Measure	Date	Value
2023 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2023 401k financial data
Total income from all sources	2023-10-31	$203,583
Expenses. Total of all expenses incurred	2023-10-31	$47,481
Benefits paid (including direct rollovers)	2023-10-31	$47,481
Total plan assets at end of year	2023-10-31	$3,947,434
Total plan assets at beginning of year	2023-10-31	$3,791,332
Value of fidelity bond covering the plan	2023-10-31	$379,134
Other income received	2023-10-31	$203,583
Net income (gross income less expenses)	2023-10-31	$156,102
Net plan assets at end of year (total assets less liabilities)	2023-10-31	$3,947,434
Net plan assets at beginning of year (total assets less liabilities)	2023-10-31	$3,791,332
2022 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2022 401k financial data
Total income from all sources	2022-10-31	$-859,598
Expenses. Total of all expenses incurred	2022-10-31	$24,137
Benefits paid (including direct rollovers)	2022-10-31	$24,137
Total plan assets at end of year	2022-10-31	$3,791,332
Total plan assets at beginning of year	2022-10-31	$4,675,067
Value of fidelity bond covering the plan	2022-10-31	$467,507
Other income received	2022-10-31	$-859,598
Net income (gross income less expenses)	2022-10-31	$-883,735
Net plan assets at end of year (total assets less liabilities)	2022-10-31	$3,791,332
Net plan assets at beginning of year (total assets less liabilities)	2022-10-31	$4,675,067
2021 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2021 401k financial data
Total income from all sources	2021-10-31	$1,261,972
Expenses. Total of all expenses incurred	2021-10-31	$39,923
Benefits paid (including direct rollovers)	2021-10-31	$39,923
Total plan assets at end of year	2021-10-31	$4,675,067
Total plan assets at beginning of year	2021-10-31	$3,453,018
Value of fidelity bond covering the plan	2021-10-31	$345,302
Other income received	2021-10-31	$761,972
Net income (gross income less expenses)	2021-10-31	$1,222,049
Net plan assets at end of year (total assets less liabilities)	2021-10-31	$4,675,067
Net plan assets at beginning of year (total assets less liabilities)	2021-10-31	$3,453,018
Total contributions received or receivable from employer(s)	2021-10-31	$500,000
2020 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2020 401k financial data
Total income from all sources	2020-10-31	$841,645
Expenses. Total of all expenses incurred	2020-10-31	$80,519
Benefits paid (including direct rollovers)	2020-10-31	$80,519
Total plan assets at end of year	2020-10-31	$3,453,018
Total plan assets at beginning of year	2020-10-31	$2,691,892
Value of fidelity bond covering the plan	2020-10-31	$269,189
Other income received	2020-10-31	$91,645
Net income (gross income less expenses)	2020-10-31	$761,126
Net plan assets at end of year (total assets less liabilities)	2020-10-31	$3,453,018
Net plan assets at beginning of year (total assets less liabilities)	2020-10-31	$2,691,892
Total contributions received or receivable from employer(s)	2020-10-31	$750,000
2019 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2019 401k financial data
Total income from all sources	2019-10-31	$675,597
Expenses. Total of all expenses incurred	2019-10-31	$31,223
Benefits paid (including direct rollovers)	2019-10-31	$31,223
Total plan assets at end of year	2019-10-31	$2,691,892
Total plan assets at beginning of year	2019-10-31	$2,047,518
Value of fidelity bond covering the plan	2019-10-31	$204,752
Other income received	2019-10-31	$248,597
Net income (gross income less expenses)	2019-10-31	$644,374
Net plan assets at end of year (total assets less liabilities)	2019-10-31	$2,691,892
Net plan assets at beginning of year (total assets less liabilities)	2019-10-31	$2,047,518
Total contributions received or receivable from employer(s)	2019-10-31	$427,000
2017 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2017 401k financial data
Total income from all sources	2017-10-31	$292,533
Expenses. Total of all expenses incurred	2017-10-31	$145,368
Benefits paid (including direct rollovers)	2017-10-31	$145,368
Total plan assets at end of year	2017-10-31	$2,193,374
Total plan assets at beginning of year	2017-10-31	$2,046,209
Value of fidelity bond covering the plan	2017-10-31	$204,621
Other income received	2017-10-31	$292,533
Net income (gross income less expenses)	2017-10-31	$147,165
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$2,193,374
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$2,046,209
2016 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2016 401k financial data
Total income from all sources	2016-10-31	$558,233
Expenses. Total of all expenses incurred	2016-10-31	$16,396
Benefits paid (including direct rollovers)	2016-10-31	$16,396
Total plan assets at end of year	2016-10-31	$2,046,209
Total plan assets at beginning of year	2016-10-31	$1,504,372
Value of fidelity bond covering the plan	2016-10-31	$150,437
Other income received	2016-10-31	$58,233
Net income (gross income less expenses)	2016-10-31	$541,837
Net plan assets at end of year (total assets less liabilities)	2016-10-31	$2,046,209
Net plan assets at beginning of year (total assets less liabilities)	2016-10-31	$1,504,372
Total contributions received or receivable from employer(s)	2016-10-31	$500,000
2015 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2015 401k financial data
Total income from all sources	2015-10-31	$181,945
Expenses. Total of all expenses incurred	2015-10-31	$105,099
Benefits paid (including direct rollovers)	2015-10-31	$105,099
Total plan assets at end of year	2015-10-31	$1,504,372
Total plan assets at beginning of year	2015-10-31	$1,427,526
Value of fidelity bond covering the plan	2015-10-31	$142,753
Other income received	2015-10-31	$-9,055
Net income (gross income less expenses)	2015-10-31	$76,846
Net plan assets at end of year (total assets less liabilities)	2015-10-31	$1,504,372
Net plan assets at beginning of year (total assets less liabilities)	2015-10-31	$1,427,526
Total contributions received or receivable from employer(s)	2015-10-31	$191,000
2014 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2014 401k financial data
Total income from all sources	2014-10-31	$152,846
Expenses. Total of all expenses incurred	2014-10-31	$27,248
Benefits paid (including direct rollovers)	2014-10-31	$27,248
Total plan assets at end of year	2014-10-31	$1,427,526
Total plan assets at beginning of year	2014-10-31	$1,301,928
Value of fidelity bond covering the plan	2014-10-31	$15,285
Other income received	2014-10-31	$72,846
Net income (gross income less expenses)	2014-10-31	$125,598
Net plan assets at end of year (total assets less liabilities)	2014-10-31	$1,427,526
Net plan assets at beginning of year (total assets less liabilities)	2014-10-31	$1,301,928
Total contributions received or receivable from employer(s)	2014-10-31	$80,000
2013 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2013 401k financial data
Total income from all sources	2013-10-31	$257,857
Expenses. Total of all expenses incurred	2013-10-31	$31,315
Benefits paid (including direct rollovers)	2013-10-31	$31,315
Total plan assets at end of year	2013-10-31	$1,301,928
Total plan assets at beginning of year	2013-10-31	$1,075,386
Value of fidelity bond covering the plan	2013-10-31	$107,539
Other income received	2013-10-31	$177,857
Net income (gross income less expenses)	2013-10-31	$226,542
Net plan assets at end of year (total assets less liabilities)	2013-10-31	$1,301,928
Net plan assets at beginning of year (total assets less liabilities)	2013-10-31	$1,075,386
Total contributions received or receivable from employer(s)	2013-10-31	$80,000
2012 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2012 401k financial data
Total income from all sources	2012-10-31	$238,412
Expenses. Total of all expenses incurred	2012-10-31	$58,031
Benefits paid (including direct rollovers)	2012-10-31	$58,031
Total plan assets at end of year	2012-10-31	$1,075,386
Total plan assets at beginning of year	2012-10-31	$895,005
Value of fidelity bond covering the plan	2012-10-31	$72,317
Other income received	2012-10-31	$80,017
Net income (gross income less expenses)	2012-10-31	$180,381
Net plan assets at end of year (total assets less liabilities)	2012-10-31	$1,075,386
Net plan assets at beginning of year (total assets less liabilities)	2012-10-31	$895,005
Total contributions received or receivable from employer(s)	2012-10-31	$158,395
2011 : SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2011 401k financial data
Total income from all sources	2011-10-31	$106,643
Expenses. Total of all expenses incurred	2011-10-31	$13,614
Benefits paid (including direct rollovers)	2011-10-31	$13,614
Total plan assets at end of year	2011-10-31	$895,005
Total plan assets at beginning of year	2011-10-31	$801,976
Value of fidelity bond covering the plan	2011-10-31	$72,317
Other income received	2011-10-31	$27,643
Net income (gross income less expenses)	2011-10-31	$93,029
Net plan assets at end of year (total assets less liabilities)	2011-10-31	$895,005
Net plan assets at beginning of year (total assets less liabilities)	2011-10-31	$801,976
Total contributions received or receivable from employer(s)	2011-10-31	$79,000

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK

2022: SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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
2010: SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2010 form 5500 responses
2010-11-01	Type of plan entity	Single employer plan
2010-11-01	Submission has been amended	No
2010-11-01	This submission is the final filing	No
2010-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-11-01	Plan is a collectively bargained plan	No
2010-11-01	Plan funding arrangement – Trust	Yes
2010-11-01	Plan benefit arrangement - Trust	Yes
2009: SBERA PENSION PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 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:	MILLBURY NATIONAL BANK
Employer identification number (EIN):	041621330
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Commonwealth of Massachusetts Corporations Division
Incorporation Date:
Company Identification Number:	041621330

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	2010-11-01	THOMAS FORESE JR.
001	2009-11-01	THOMAS FORESE JR.