401k Plan data: SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK plan

SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 401k Plan overview

Plan Name	SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK
Plan identification number	002

SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

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 401(K) 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
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 2009-01-01 THOMAS FORESE JR

Plan Statistics for SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK

401k plan membership statisitcs for SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK

Measure Date Value
2022: SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2022 401k membership
Total participants, beginning-of-year 2022-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 16
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 9
Total of all active and inactive participants 2022-01-01 25
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 25
Number of participants with account balances 2022-01-01 25
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 MILLBURY NATIONAL BANK 2021 401k membership
Total participants, beginning-of-year 2021-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 15
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 9
Total of all active and inactive participants 2021-01-01 24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 24
Number of participants with account balances 2021-01-01 23
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 MILLBURY NATIONAL BANK 2020 401k membership
Total participants, beginning-of-year 2020-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 17
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 5
Total of all active and inactive participants 2020-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 22
Number of participants with account balances 2020-01-01 18
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 MILLBURY NATIONAL BANK 2019 401k membership
Total participants, beginning-of-year 2019-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 18
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 5
Total of all active and inactive participants 2019-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 23
Number of participants with account balances 2019-01-01 17
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 MILLBURY NATIONAL BANK 2018 401k membership
Total participants, beginning-of-year 2018-01-01 20
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 14
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 6
Total of all active and inactive participants 2018-01-01 20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 20
Number of participants with account balances 2018-01-01 18
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 MILLBURY NATIONAL BANK 2017 401k membership
Total participants, beginning-of-year 2017-01-01 21
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 16
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 4
Total of all active and inactive participants 2017-01-01 20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 20
Number of participants with account balances 2017-01-01 17
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 MILLBURY NATIONAL BANK 2016 401k membership
Total participants, beginning-of-year 2016-01-01 21
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 15
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 6
Total of all active and inactive participants 2016-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 21
Number of participants with account balances 2016-01-01 17
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 MILLBURY NATIONAL 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 14
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 7
Total of all active and inactive participants 2015-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 21
Number of participants with account balances 2015-01-01 18
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 MILLBURY NATIONAL BANK 2014 401k membership
Total participants, beginning-of-year 2014-01-01 21
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 17
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 6
Total of all active and inactive participants 2014-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 23
Number of participants with account balances 2014-01-01 18
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 MILLBURY NATIONAL BANK 2013 401k membership
Total participants, beginning-of-year 2013-01-01 21
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 16
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 5
Total of all active and inactive participants 2013-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 21
Number of participants with account balances 2013-01-01 18
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 MILLBURY NATIONAL BANK 2012 401k membership
Total participants, beginning-of-year 2012-01-01 24
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 15
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 6
Total of all active and inactive participants 2012-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 21
Number of participants with account balances 2012-01-01 15
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 MILLBURY NATIONAL BANK 2011 401k membership
Total participants, beginning-of-year 2011-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 18
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 6
Total of all active and inactive participants 2011-01-01 24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 24
Number of participants with account balances 2011-01-01 15
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 MILLBURY NATIONAL BANK 2009 401k membership
Total participants, beginning-of-year 2009-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 17
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 2
Total of all active and inactive participants 2009-01-01 19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 19
Number of participants with account balances 2009-01-01 12
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 MILLBURY NATIONAL BANK 2022 401k membership
Total participants, beginning-of-year	2022-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	16
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	9
Total of all active and inactive participants	2022-01-01	25
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	25
Number of participants with account balances	2022-01-01	25
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 MILLBURY NATIONAL BANK 2021 401k membership
Total participants, beginning-of-year	2021-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	15
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	9
Total of all active and inactive participants	2021-01-01	24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	24
Number of participants with account balances	2021-01-01	23
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 MILLBURY NATIONAL BANK 2020 401k membership
Total participants, beginning-of-year	2020-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	17
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	5
Total of all active and inactive participants	2020-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	22
Number of participants with account balances	2020-01-01	18
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 MILLBURY NATIONAL BANK 2019 401k membership
Total participants, beginning-of-year	2019-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	18
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	5
Total of all active and inactive participants	2019-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	23
Number of participants with account balances	2019-01-01	17
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 MILLBURY NATIONAL BANK 2018 401k membership
Total participants, beginning-of-year	2018-01-01	20
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	14
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	6
Total of all active and inactive participants	2018-01-01	20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	20
Number of participants with account balances	2018-01-01	18
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 MILLBURY NATIONAL BANK 2017 401k membership
Total participants, beginning-of-year	2017-01-01	21
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	16
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	4
Total of all active and inactive participants	2017-01-01	20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	20
Number of participants with account balances	2017-01-01	17
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 MILLBURY NATIONAL BANK 2016 401k membership
Total participants, beginning-of-year	2016-01-01	21
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	15
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	6
Total of all active and inactive participants	2016-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	21
Number of participants with account balances	2016-01-01	17
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 MILLBURY NATIONAL 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	14
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	7
Total of all active and inactive participants	2015-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	21
Number of participants with account balances	2015-01-01	18
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 MILLBURY NATIONAL BANK 2014 401k membership
Total participants, beginning-of-year	2014-01-01	21
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	17
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	6
Total of all active and inactive participants	2014-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	23
Number of participants with account balances	2014-01-01	18
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 MILLBURY NATIONAL BANK 2013 401k membership
Total participants, beginning-of-year	2013-01-01	21
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	16
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	5
Total of all active and inactive participants	2013-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	21
Number of participants with account balances	2013-01-01	18
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 MILLBURY NATIONAL BANK 2012 401k membership
Total participants, beginning-of-year	2012-01-01	24
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	15
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	6
Total of all active and inactive participants	2012-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	21
Number of participants with account balances	2012-01-01	15
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 MILLBURY NATIONAL BANK 2011 401k membership
Total participants, beginning-of-year	2011-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	18
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	6
Total of all active and inactive participants	2011-01-01	24
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	24
Number of participants with account balances	2011-01-01	15
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 MILLBURY NATIONAL BANK 2009 401k membership
Total participants, beginning-of-year	2009-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	17
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	2
Total of all active and inactive participants	2009-01-01	19
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	19
Number of participants with account balances	2009-01-01	12
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 MILLBURY NATIONAL BANK

Measure	Date	Value
2022 : SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2022 401k financial data
Total income from all sources	2022-12-31	$-265,776
Expenses. Total of all expenses incurred	2022-12-31	$323,237
Benefits paid (including direct rollovers)	2022-12-31	$321,221
Total plan assets at end of year	2022-12-31	$1,558,360
Total plan assets at beginning of year	2022-12-31	$2,147,373
Value of fidelity bond covering the plan	2022-12-31	$214,738
Total contributions received or receivable from participants	2022-12-31	$65,007
Other income received	2022-12-31	$-330,783
Net income (gross income less expenses)	2022-12-31	$-589,013
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,558,360
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$2,147,373
Assets. Value of participant loans	2022-12-31	$58,578
Value of corrective distributions	2022-12-31	$1,866
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$150
2021 : SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2021 401k financial data
Total income from all sources	2021-12-31	$376,506
Expenses. Total of all expenses incurred	2021-12-31	$3,103
Benefits paid (including direct rollovers)	2021-12-31	$1,905
Total plan assets at end of year	2021-12-31	$2,147,373
Total plan assets at beginning of year	2021-12-31	$1,773,970
Value of fidelity bond covering the plan	2021-12-31	$177,397
Total contributions received or receivable from participants	2021-12-31	$50,085
Other income received	2021-12-31	$256,094
Net income (gross income less expenses)	2021-12-31	$373,403
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$2,147,373
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$1,773,970
Assets. Value of participant loans	2021-12-31	$28,782
Total contributions received or receivable from employer(s)	2021-12-31	$70,327
Value of corrective distributions	2021-12-31	$1,198
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 MILLBURY NATIONAL BANK 2020 401k financial data
Total income from all sources	2020-12-31	$284,616
Expenses. Total of all expenses incurred	2020-12-31	$3,393
Benefits paid (including direct rollovers)	2020-12-31	$3,343
Total plan assets at end of year	2020-12-31	$1,773,970
Total plan assets at beginning of year	2020-12-31	$1,492,747
Value of fidelity bond covering the plan	2020-12-31	$149,275
Total contributions received or receivable from participants	2020-12-31	$43,683
Other income received	2020-12-31	$240,933
Net income (gross income less expenses)	2020-12-31	$281,223
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$1,773,970
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$1,492,747
Assets. Value of participant loans	2020-12-31	$44,272
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$50
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 MILLBURY NATIONAL BANK 2019 401k financial data
Total income from all sources	2019-12-31	$311,688
Expenses. Total of all expenses incurred	2019-12-31	$3,940
Benefits paid (including direct rollovers)	2019-12-31	$3,840
Total plan assets at end of year	2019-12-31	$1,492,747
Total plan assets at beginning of year	2019-12-31	$1,184,999
Value of fidelity bond covering the plan	2019-12-31	$118,500
Total contributions received or receivable from participants	2019-12-31	$41,947
Other income received	2019-12-31	$269,741
Net income (gross income less expenses)	2019-12-31	$307,748
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$1,492,747
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$1,184,999
Assets. Value of participant loans	2019-12-31	$43,097
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$100
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 MILLBURY NATIONAL BANK 2018 401k financial data
Total income from all sources	2018-12-31	$-15,670
Expenses. Total of all expenses incurred	2018-12-31	$184,028
Benefits paid (including direct rollovers)	2018-12-31	$183,978
Total plan assets at end of year	2018-12-31	$1,184,999
Total plan assets at beginning of year	2018-12-31	$1,384,697
Value of fidelity bond covering the plan	2018-12-31	$138,470
Total contributions received or receivable from participants	2018-12-31	$43,040
Other income received	2018-12-31	$-58,710
Net income (gross income less expenses)	2018-12-31	$-199,698
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$1,184,999
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$1,384,697
Assets. Value of participant loans	2018-12-31	$27,720
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$50
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 MILLBURY NATIONAL BANK 2017 401k financial data
Total income from all sources	2017-12-31	$896,606
Expenses. Total of all expenses incurred	2017-12-31	$13,669
Benefits paid (including direct rollovers)	2017-12-31	$13,669
Total plan assets at end of year	2017-12-31	$1,384,697
Total plan assets at beginning of year	2017-12-31	$501,760
Value of fidelity bond covering the plan	2017-12-31	$50,177
Total contributions received or receivable from participants	2017-12-31	$41,397
Contributions received from other sources (not participants or employers)	2017-12-31	$697,744
Other income received	2017-12-31	$157,465
Net income (gross income less expenses)	2017-12-31	$882,937
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$1,384,697
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$501,760
Assets. Value of participant loans	2017-12-31	$32,674
2016 : SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2016 401k financial data
Total income from all sources	2016-12-31	$70,155
Expenses. Total of all expenses incurred	2016-12-31	$59,741
Benefits paid (including direct rollovers)	2016-12-31	$59,741
Total plan assets at end of year	2016-12-31	$501,760
Total plan assets at beginning of year	2016-12-31	$491,346
Value of fidelity bond covering the plan	2016-12-31	$49,135
Total contributions received or receivable from participants	2016-12-31	$29,960
Other income received	2016-12-31	$40,172
Net income (gross income less expenses)	2016-12-31	$10,414
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$501,760
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$491,346
Assets. Value of participant loans	2016-12-31	$39,259
Total contributions received or receivable from employer(s)	2016-12-31	$23
2015 : SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2015 401k financial data
Total income from all sources	2015-12-31	$27,116
Expenses. Total of all expenses incurred	2015-12-31	$14,133
Benefits paid (including direct rollovers)	2015-12-31	$14,133
Total plan assets at end of year	2015-12-31	$491,346
Total plan assets at beginning of year	2015-12-31	$478,363
Value of fidelity bond covering the plan	2015-12-31	$47,836
Total contributions received or receivable from participants	2015-12-31	$26,869
Other income received	2015-12-31	$247
Net income (gross income less expenses)	2015-12-31	$12,983
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$491,346
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$478,363
Assets. Value of participant loans	2015-12-31	$43,223
2014 : SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2014 401k financial data
Total income from all sources	2014-12-31	$69,631
Expenses. Total of all expenses incurred	2014-12-31	$0
Total plan assets at end of year	2014-12-31	$478,363
Total plan assets at beginning of year	2014-12-31	$408,732
Value of fidelity bond covering the plan	2014-12-31	$40,873
Total contributions received or receivable from participants	2014-12-31	$28,068
Contributions received from other sources (not participants or employers)	2014-12-31	$8,711
Other income received	2014-12-31	$32,852
Net income (gross income less expenses)	2014-12-31	$69,631
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$478,363
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$408,732
Assets. Value of participant loans	2014-12-31	$50,712
2013 : SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 2013 401k financial data
Total income from all sources	2013-12-31	$83,479
Expenses. Total of all expenses incurred	2013-12-31	$227
Benefits paid (including direct rollovers)	2013-12-31	$227
Total plan assets at end of year	2013-12-31	$408,732
Total plan assets at beginning of year	2013-12-31	$325,480
Value of fidelity bond covering the plan	2013-12-31	$32,548
Total contributions received or receivable from participants	2013-12-31	$20,491
Other income received	2013-12-31	$62,988
Net income (gross income less expenses)	2013-12-31	$83,252
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$408,732
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$325,480
Assets. Value of participant loans	2013-12-31	$23,320
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 MILLBURY NATIONAL BANK 2012 401k financial data
Total income from all sources	2012-12-31	$49,727
Expenses. Total of all expenses incurred	2012-12-31	$0
Benefits paid (including direct rollovers)	2012-12-31	$0
Total plan assets at end of year	2012-12-31	$325,480
Total plan assets at beginning of year	2012-12-31	$275,753
Value of fidelity bond covering the plan	2012-12-31	$27,575
Total contributions received or receivable from participants	2012-12-31	$16,720
Contributions received from other sources (not participants or employers)	2012-12-31	$0
Other income received	2012-12-31	$33,007
Net income (gross income less expenses)	2012-12-31	$49,727
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$325,480
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$275,753
Assets. Value of participant loans	2012-12-31	$34,723
Total contributions received or receivable from employer(s)	2012-12-31	$0
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 MILLBURY NATIONAL BANK 2011 401k financial data
Total income from all sources	2011-12-31	$24,050
Expenses. Total of all expenses incurred	2011-12-31	$0
Benefits paid (including direct rollovers)	2011-12-31	$0
Total plan assets at end of year	2011-12-31	$275,753
Total plan assets at beginning of year	2011-12-31	$251,703
Value of fidelity bond covering the plan	2011-12-31	$25,170
Total contributions received or receivable from participants	2011-12-31	$20,223
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$3,827
Net income (gross income less expenses)	2011-12-31	$24,050
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$275,753
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$251,703
Assets. Value of participant loans	2011-12-31	$31,692
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 MILLBURY NATIONAL BANK 2010 401k financial data
Total income from all sources	2010-12-31	$49,639
Expenses. Total of all expenses incurred	2010-12-31	$4,800
Benefits paid (including direct rollovers)	2010-12-31	$4,800
Total plan assets at end of year	2010-12-31	$251,703
Total plan assets at beginning of year	2010-12-31	$206,864
Value of fidelity bond covering the plan	2010-12-31	$20,686
Total contributions received or receivable from participants	2010-12-31	$25,925
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$23,714
Net income (gross income less expenses)	2010-12-31	$44,839
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$251,703
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$206,864
Assets. Value of participant loans	2010-12-31	$37,574
Total contributions received or receivable from employer(s)	2010-12-31	$0
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 MILLBURY NATIONAL BANK

2022: SBERA 401(K) PLAN AS ADOPTED BY MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL BANK 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 MILLBURY NATIONAL 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 MILLBURY NATIONAL 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 MILLBURY NATIONAL 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 MILLBURY NATIONAL 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 MILLBURY NATIONAL 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

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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