401k Plan data: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK plan

SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 401k Plan overview

Plan Name	SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK
Plan identification number	003

SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

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

Company Name: CORNERSTONE BANK

Employer identification number (EIN): 041856390

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about CORNERSTONE BANK

Jurisdiction of Incorporation: Commonwealth of Massachusetts Corporations Division

Incorporation Date:

Company Identification Number: 000949932

More information about CORNERSTONE BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2021-11-01
003 2020-11-01
003 2019-11-01
003 2018-11-01
003 2017-11-01
003 2016-11-01 THOMAS FORESE JR.

Plan Statistics for SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK

401k plan membership statisitcs for SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK

Measure Date Value
2022: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2022 401k membership
Market value of plan assets 2022-10-31 9,899,811
Acturial value of plan assets 2022-10-31 9,899,811
Funding target for retired participants and beneficiaries receiving payment 2022-10-31 633,951
Number of terminated vested participants 2022-10-31 41
Fundng target for terminated vested participants 2022-10-31 2,682,728
Active participant vested funding target 2022-10-31 3,043,987
Number of active participants 2022-10-31 24
Total funding liabilities for active participants 2022-10-31 3,082,628
Total participant count 2022-10-31 71
Total funding target for all participants 2022-10-31 6,399,307
Balance at beginning of prior year after applicable adjustments 2022-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-10-31 0
Amount remaining of carryover balance 2022-10-31 0
Amount remaining of prefunding balance 2022-10-31 0
Present value of excess contributions 2022-10-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-10-31 0
Balance of carryovers at beginning of current year 2022-10-31 0
Balance of prefunding at beginning of current year 2022-10-31 0
Total employer contributions 2022-10-31 0
Total employee contributions 2022-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-10-31 0
Remaining amount of unpaid minimum required contributions 2022-10-31 0
Minimum required contributions for current year target normal cost 2022-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-10-31 0
Additional cash requirement 2022-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-10-31 0
Unpaid minimum required contributions for current year 2022-10-31 0
Unpaid minimum required contributions for all years 2022-10-31 0
2021: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2021 401k membership
Total participants, beginning-of-year 2021-11-01 71
Total number of active participants reported on line 7a of the Form 5500 2021-11-01 17
Number of retired or separated participants receiving benefits 2021-11-01 6
Number of other retired or separated participants entitled to future benefits 2021-11-01 43
Total of all active and inactive participants 2021-11-01 66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-11-01 0
Total participants 2021-11-01 66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-11-01 0
Market value of plan assets 2021-10-31 8,479,785
Acturial value of plan assets 2021-10-31 8,479,785
Funding target for retired participants and beneficiaries receiving payment 2021-10-31 738,871
Number of terminated vested participants 2021-10-31 44
Fundng target for terminated vested participants 2021-10-31 1,930,264
Active participant vested funding target 2021-10-31 3,471,478
Number of active participants 2021-10-31 28
Total funding liabilities for active participants 2021-10-31 3,509,609
Total participant count 2021-10-31 79
Total funding target for all participants 2021-10-31 6,178,744
Balance at beginning of prior year after applicable adjustments 2021-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-10-31 0
Amount remaining of carryover balance 2021-10-31 0
Amount remaining of prefunding balance 2021-10-31 0
Present value of excess contributions 2021-10-31 871,019
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-10-31 921,190
Balance of carryovers at beginning of current year 2021-10-31 0
Balance of prefunding at beginning of current year 2021-10-31 0
Total employer contributions 2021-10-31 0
Total employee contributions 2021-10-31 0
Remaining amount of unpaid minimum required contributions 2021-10-31 0
Minimum required contributions for current year target normal cost 2021-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-10-31 0
Additional cash requirement 2021-10-31 0
Unpaid minimum required contributions for current year 2021-10-31 0
Unpaid minimum required contributions for all years 2021-10-31 0
2020: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2020 401k membership
Total participants, beginning-of-year 2020-11-01 79
Total number of active participants reported on line 7a of the Form 5500 2020-11-01 24
Number of retired or separated participants receiving benefits 2020-11-01 5
Number of other retired or separated participants entitled to future benefits 2020-11-01 41
Total of all active and inactive participants 2020-11-01 70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-11-01 1
Total participants 2020-11-01 71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-11-01 0
Market value of plan assets 2020-10-31 7,615,340
Acturial value of plan assets 2020-10-31 7,615,340
Funding target for retired participants and beneficiaries receiving payment 2020-10-31 754,531
Number of terminated vested participants 2020-10-31 43
Fundng target for terminated vested participants 2020-10-31 1,756,431
Active participant vested funding target 2020-10-31 3,341,334
Number of active participants 2020-10-31 31
Total funding liabilities for active participants 2020-10-31 3,378,999
Total participant count 2020-10-31 81
Total funding target for all participants 2020-10-31 5,889,961
Balance at beginning of prior year after applicable adjustments 2020-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-10-31 0
Amount remaining of carryover balance 2020-10-31 0
Amount remaining of prefunding balance 2020-10-31 0
Present value of excess contributions 2020-10-31 1,009,946
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-10-31 1,070,038
Balance of carryovers at beginning of current year 2020-10-31 0
Balance of prefunding at beginning of current year 2020-10-31 0
Total employer contributions 2020-10-31 932,000
Total employee contributions 2020-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-10-31 871,019
Remaining amount of unpaid minimum required contributions 2020-10-31 0
Minimum required contributions for current year target normal cost 2020-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-10-31 0
Additional cash requirement 2020-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-10-31 871,019
Unpaid minimum required contributions for current year 2020-10-31 0
Unpaid minimum required contributions for all years 2020-10-31 0
2019: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2019 401k membership
Total participants, beginning-of-year 2019-11-01 81
Total number of active participants reported on line 7a of the Form 5500 2019-11-01 28
Number of retired or separated participants receiving benefits 2019-11-01 7
Number of other retired or separated participants entitled to future benefits 2019-11-01 44
Total of all active and inactive participants 2019-11-01 79
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-11-01 0
Total participants 2019-11-01 79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-11-01 0
Market value of plan assets 2019-10-31 6,157,308
Acturial value of plan assets 2019-10-31 6,157,308
Funding target for retired participants and beneficiaries receiving payment 2019-10-31 771,454
Number of terminated vested participants 2019-10-31 44
Fundng target for terminated vested participants 2019-10-31 1,576,504
Active participant vested funding target 2019-10-31 3,218,399
Number of active participants 2019-10-31 34
Total funding liabilities for active participants 2019-10-31 3,254,357
Total participant count 2019-10-31 85
Total funding target for all participants 2019-10-31 5,602,315
Balance at beginning of prior year after applicable adjustments 2019-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-10-31 0
Amount remaining of carryover balance 2019-10-31 0
Amount remaining of prefunding balance 2019-10-31 0
Present value of excess contributions 2019-10-31 121,816
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-10-31 129,003
Balance of carryovers at beginning of current year 2019-10-31 0
Balance of prefunding at beginning of current year 2019-10-31 0
Total employer contributions 2019-10-31 1,083,000
Total employee contributions 2019-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-10-31 1,009,946
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-10-31 0
Remaining amount of unpaid minimum required contributions 2019-10-31 0
Minimum required contributions for current year target normal cost 2019-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-10-31 0
Additional cash requirement 2019-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-10-31 1,009,946
Unpaid minimum required contributions for current year 2019-10-31 0
Unpaid minimum required contributions for all years 2019-10-31 0
2018: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2018 401k membership
Total participants, beginning-of-year 2018-11-01 85
Total number of active participants reported on line 7a of the Form 5500 2018-11-01 31
Number of retired or separated participants receiving benefits 2018-11-01 7
Number of other retired or separated participants entitled to future benefits 2018-11-01 43
Total of all active and inactive participants 2018-11-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-11-01 0
Total participants 2018-11-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-11-01 0
Market value of plan assets 2018-10-31 6,707,452
Acturial value of plan assets 2018-10-31 6,707,452
Funding target for retired participants and beneficiaries receiving payment 2018-10-31 752,872
Number of terminated vested participants 2018-10-31 44
Fundng target for terminated vested participants 2018-10-31 1,437,561
Active participant vested funding target 2018-10-31 3,702,127
Number of active participants 2018-10-31 39
Total funding liabilities for active participants 2018-10-31 3,702,127
Total participant count 2018-10-31 90
Total funding target for all participants 2018-10-31 5,892,560
Balance at beginning of prior year after applicable adjustments 2018-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-10-31 0
Amount remaining of carryover balance 2018-10-31 0
Amount remaining of prefunding balance 2018-10-31 0
Present value of excess contributions 2018-10-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-10-31 0
Balance of carryovers at beginning of current year 2018-10-31 0
Balance of prefunding at beginning of current year 2018-10-31 0
Total employer contributions 2018-10-31 130,000
Total employee contributions 2018-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-10-31 121,816
Remaining amount of unpaid minimum required contributions 2018-10-31 0
Minimum required contributions for current year target normal cost 2018-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-10-31 0
Additional cash requirement 2018-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-10-31 121,816
Unpaid minimum required contributions for current year 2018-10-31 0
Unpaid minimum required contributions for all years 2018-10-31 0
2017: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2017 401k membership
Total participants, beginning-of-year 2017-11-01 90
Total number of active participants reported on line 7a of the Form 5500 2017-11-01 34
Number of retired or separated participants receiving benefits 2017-11-01 7
Number of other retired or separated participants entitled to future benefits 2017-11-01 44
Total of all active and inactive participants 2017-11-01 85
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-11-01 0
Total participants 2017-11-01 85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-11-01 0
Market value of plan assets 2017-10-31 6,236,078
Acturial value of plan assets 2017-10-31 6,236,078
Funding target for retired participants and beneficiaries receiving payment 2017-10-31 398,515
Number of terminated vested participants 2017-10-31 42
Fundng target for terminated vested participants 2017-10-31 561,858
Active participant vested funding target 2017-10-31 4,706,414
Number of active participants 2017-10-31 49
Total funding liabilities for active participants 2017-10-31 4,706,414
Total participant count 2017-10-31 96
Total funding target for all participants 2017-10-31 5,666,787
Balance at beginning of prior year after applicable adjustments 2017-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-10-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-10-31 0
Prefunding balanced used to offset prior years funding requirement 2017-10-31 0
Amount remaining of carryover balance 2017-10-31 0
Amount remaining of prefunding balance 2017-10-31 0
Present value of excess contributions 2017-10-31 635,017
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-10-31 674,833
Balance of carryovers at beginning of current year 2017-10-31 0
Balance of prefunding at beginning of current year 2017-10-31 0
Total employer contributions 2017-10-31 0
Total employee contributions 2017-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-10-31 0
Remaining amount of unpaid minimum required contributions 2017-10-31 0
Minimum required contributions for current year target normal cost 2017-10-31 373,405
Total funding amount beforereflecting carryover/prefunding balances 2017-10-31 0
Additional cash requirement 2017-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-10-31 0
Unpaid minimum required contributions for current year 2017-10-31 0
Unpaid minimum required contributions for all years 2017-10-31 0
2016: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year 2016-11-01 96
Total number of active participants reported on line 7a of the Form 5500 2016-11-01 39
Number of retired or separated participants receiving benefits 2016-11-01 7
Number of other retired or separated participants entitled to future benefits 2016-11-01 44
Total of all active and inactive participants 2016-11-01 90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-11-01 0
Total participants 2016-11-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-11-01 0

Measure	Date	Value
2022: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2022 401k membership
Market value of plan assets	2022-10-31	9,899,811
Acturial value of plan assets	2022-10-31	9,899,811
Funding target for retired participants and beneficiaries receiving payment	2022-10-31	633,951
Number of terminated vested participants	2022-10-31	41
Fundng target for terminated vested participants	2022-10-31	2,682,728
Active participant vested funding target	2022-10-31	3,043,987
Number of active participants	2022-10-31	24
Total funding liabilities for active participants	2022-10-31	3,082,628
Total participant count	2022-10-31	71
Total funding target for all participants	2022-10-31	6,399,307
Balance at beginning of prior year after applicable adjustments	2022-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-10-31	0
Amount remaining of carryover balance	2022-10-31	0
Amount remaining of prefunding balance	2022-10-31	0
Present value of excess contributions	2022-10-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-10-31	0
Balance of carryovers at beginning of current year	2022-10-31	0
Balance of prefunding at beginning of current year	2022-10-31	0
Total employer contributions	2022-10-31	0
Total employee contributions	2022-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-10-31	0
Remaining amount of unpaid minimum required contributions	2022-10-31	0
Minimum required contributions for current year target normal cost	2022-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-10-31	0
Additional cash requirement	2022-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-10-31	0
Unpaid minimum required contributions for current year	2022-10-31	0
Unpaid minimum required contributions for all years	2022-10-31	0
2021: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2021 401k membership
Total participants, beginning-of-year	2021-11-01	71
Total number of active participants reported on line 7a of the Form 5500	2021-11-01	17
Number of retired or separated participants receiving benefits	2021-11-01	6
Number of other retired or separated participants entitled to future benefits	2021-11-01	43
Total of all active and inactive participants	2021-11-01	66
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-11-01	0
Total participants	2021-11-01	66
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-11-01	0
Market value of plan assets	2021-10-31	8,479,785
Acturial value of plan assets	2021-10-31	8,479,785
Funding target for retired participants and beneficiaries receiving payment	2021-10-31	738,871
Number of terminated vested participants	2021-10-31	44
Fundng target for terminated vested participants	2021-10-31	1,930,264
Active participant vested funding target	2021-10-31	3,471,478
Number of active participants	2021-10-31	28
Total funding liabilities for active participants	2021-10-31	3,509,609
Total participant count	2021-10-31	79
Total funding target for all participants	2021-10-31	6,178,744
Balance at beginning of prior year after applicable adjustments	2021-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-10-31	0
Amount remaining of carryover balance	2021-10-31	0
Amount remaining of prefunding balance	2021-10-31	0
Present value of excess contributions	2021-10-31	871,019
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-10-31	921,190
Balance of carryovers at beginning of current year	2021-10-31	0
Balance of prefunding at beginning of current year	2021-10-31	0
Total employer contributions	2021-10-31	0
Total employee contributions	2021-10-31	0
Remaining amount of unpaid minimum required contributions	2021-10-31	0
Minimum required contributions for current year target normal cost	2021-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-10-31	0
Additional cash requirement	2021-10-31	0
Unpaid minimum required contributions for current year	2021-10-31	0
Unpaid minimum required contributions for all years	2021-10-31	0
2020: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2020 401k membership
Total participants, beginning-of-year	2020-11-01	79
Total number of active participants reported on line 7a of the Form 5500	2020-11-01	24
Number of retired or separated participants receiving benefits	2020-11-01	5
Number of other retired or separated participants entitled to future benefits	2020-11-01	41
Total of all active and inactive participants	2020-11-01	70
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-11-01	1
Total participants	2020-11-01	71
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-11-01	0
Market value of plan assets	2020-10-31	7,615,340
Acturial value of plan assets	2020-10-31	7,615,340
Funding target for retired participants and beneficiaries receiving payment	2020-10-31	754,531
Number of terminated vested participants	2020-10-31	43
Fundng target for terminated vested participants	2020-10-31	1,756,431
Active participant vested funding target	2020-10-31	3,341,334
Number of active participants	2020-10-31	31
Total funding liabilities for active participants	2020-10-31	3,378,999
Total participant count	2020-10-31	81
Total funding target for all participants	2020-10-31	5,889,961
Balance at beginning of prior year after applicable adjustments	2020-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-10-31	0
Amount remaining of carryover balance	2020-10-31	0
Amount remaining of prefunding balance	2020-10-31	0
Present value of excess contributions	2020-10-31	1,009,946
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-10-31	1,070,038
Balance of carryovers at beginning of current year	2020-10-31	0
Balance of prefunding at beginning of current year	2020-10-31	0
Total employer contributions	2020-10-31	932,000
Total employee contributions	2020-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-10-31	871,019
Remaining amount of unpaid minimum required contributions	2020-10-31	0
Minimum required contributions for current year target normal cost	2020-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-10-31	0
Additional cash requirement	2020-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-10-31	871,019
Unpaid minimum required contributions for current year	2020-10-31	0
Unpaid minimum required contributions for all years	2020-10-31	0
2019: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2019 401k membership
Total participants, beginning-of-year	2019-11-01	81
Total number of active participants reported on line 7a of the Form 5500	2019-11-01	28
Number of retired or separated participants receiving benefits	2019-11-01	7
Number of other retired or separated participants entitled to future benefits	2019-11-01	44
Total of all active and inactive participants	2019-11-01	79
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-11-01	0
Total participants	2019-11-01	79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-11-01	0
Market value of plan assets	2019-10-31	6,157,308
Acturial value of plan assets	2019-10-31	6,157,308
Funding target for retired participants and beneficiaries receiving payment	2019-10-31	771,454
Number of terminated vested participants	2019-10-31	44
Fundng target for terminated vested participants	2019-10-31	1,576,504
Active participant vested funding target	2019-10-31	3,218,399
Number of active participants	2019-10-31	34
Total funding liabilities for active participants	2019-10-31	3,254,357
Total participant count	2019-10-31	85
Total funding target for all participants	2019-10-31	5,602,315
Balance at beginning of prior year after applicable adjustments	2019-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-10-31	0
Amount remaining of carryover balance	2019-10-31	0
Amount remaining of prefunding balance	2019-10-31	0
Present value of excess contributions	2019-10-31	121,816
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-10-31	129,003
Balance of carryovers at beginning of current year	2019-10-31	0
Balance of prefunding at beginning of current year	2019-10-31	0
Total employer contributions	2019-10-31	1,083,000
Total employee contributions	2019-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-10-31	1,009,946
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-10-31	0
Remaining amount of unpaid minimum required contributions	2019-10-31	0
Minimum required contributions for current year target normal cost	2019-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-10-31	0
Additional cash requirement	2019-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-10-31	1,009,946
Unpaid minimum required contributions for current year	2019-10-31	0
Unpaid minimum required contributions for all years	2019-10-31	0
2018: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2018 401k membership
Total participants, beginning-of-year	2018-11-01	85
Total number of active participants reported on line 7a of the Form 5500	2018-11-01	31
Number of retired or separated participants receiving benefits	2018-11-01	7
Number of other retired or separated participants entitled to future benefits	2018-11-01	43
Total of all active and inactive participants	2018-11-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-11-01	0
Total participants	2018-11-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-11-01	0
Market value of plan assets	2018-10-31	6,707,452
Acturial value of plan assets	2018-10-31	6,707,452
Funding target for retired participants and beneficiaries receiving payment	2018-10-31	752,872
Number of terminated vested participants	2018-10-31	44
Fundng target for terminated vested participants	2018-10-31	1,437,561
Active participant vested funding target	2018-10-31	3,702,127
Number of active participants	2018-10-31	39
Total funding liabilities for active participants	2018-10-31	3,702,127
Total participant count	2018-10-31	90
Total funding target for all participants	2018-10-31	5,892,560
Balance at beginning of prior year after applicable adjustments	2018-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-10-31	0
Amount remaining of carryover balance	2018-10-31	0
Amount remaining of prefunding balance	2018-10-31	0
Present value of excess contributions	2018-10-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-10-31	0
Balance of carryovers at beginning of current year	2018-10-31	0
Balance of prefunding at beginning of current year	2018-10-31	0
Total employer contributions	2018-10-31	130,000
Total employee contributions	2018-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-10-31	121,816
Remaining amount of unpaid minimum required contributions	2018-10-31	0
Minimum required contributions for current year target normal cost	2018-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-10-31	0
Additional cash requirement	2018-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-10-31	121,816
Unpaid minimum required contributions for current year	2018-10-31	0
Unpaid minimum required contributions for all years	2018-10-31	0
2017: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2017 401k membership
Total participants, beginning-of-year	2017-11-01	90
Total number of active participants reported on line 7a of the Form 5500	2017-11-01	34
Number of retired or separated participants receiving benefits	2017-11-01	7
Number of other retired or separated participants entitled to future benefits	2017-11-01	44
Total of all active and inactive participants	2017-11-01	85
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-11-01	0
Total participants	2017-11-01	85
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-11-01	0
Market value of plan assets	2017-10-31	6,236,078
Acturial value of plan assets	2017-10-31	6,236,078
Funding target for retired participants and beneficiaries receiving payment	2017-10-31	398,515
Number of terminated vested participants	2017-10-31	42
Fundng target for terminated vested participants	2017-10-31	561,858
Active participant vested funding target	2017-10-31	4,706,414
Number of active participants	2017-10-31	49
Total funding liabilities for active participants	2017-10-31	4,706,414
Total participant count	2017-10-31	96
Total funding target for all participants	2017-10-31	5,666,787
Balance at beginning of prior year after applicable adjustments	2017-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-10-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-10-31	0
Prefunding balanced used to offset prior years funding requirement	2017-10-31	0
Amount remaining of carryover balance	2017-10-31	0
Amount remaining of prefunding balance	2017-10-31	0
Present value of excess contributions	2017-10-31	635,017
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-10-31	674,833
Balance of carryovers at beginning of current year	2017-10-31	0
Balance of prefunding at beginning of current year	2017-10-31	0
Total employer contributions	2017-10-31	0
Total employee contributions	2017-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-10-31	0
Remaining amount of unpaid minimum required contributions	2017-10-31	0
Minimum required contributions for current year target normal cost	2017-10-31	373,405
Total funding amount beforereflecting carryover/prefunding balances	2017-10-31	0
Additional cash requirement	2017-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-10-31	0
Unpaid minimum required contributions for current year	2017-10-31	0
Unpaid minimum required contributions for all years	2017-10-31	0
2016: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year	2016-11-01	96
Total number of active participants reported on line 7a of the Form 5500	2016-11-01	39
Number of retired or separated participants receiving benefits	2016-11-01	7
Number of other retired or separated participants entitled to future benefits	2016-11-01	44
Total of all active and inactive participants	2016-11-01	90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-11-01	0
Total participants	2016-11-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-11-01	0

Financial Data on SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK

Measure	Date	Value
2022 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2022 401k financial data
Total income from all sources	2022-10-31	$-1,785,959
Expenses. Total of all expenses incurred	2022-10-31	$1,110,357
Benefits paid (including direct rollovers)	2022-10-31	$1,110,357
Total plan assets at end of year	2022-10-31	$7,033,207
Total plan assets at beginning of year	2022-10-31	$9,929,523
Value of fidelity bond covering the plan	2022-10-31	$500,000
Other income received	2022-10-31	$-1,785,959
Net income (gross income less expenses)	2022-10-31	$-2,896,316
Net plan assets at end of year (total assets less liabilities)	2022-10-31	$7,033,207
Net plan assets at beginning of year (total assets less liabilities)	2022-10-31	$9,929,523
2021 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2021 401k financial data
Total income from all sources	2021-10-31	$1,884,009
Expenses. Total of all expenses incurred	2021-10-31	$465,340
Benefits paid (including direct rollovers)	2021-10-31	$465,340
Total plan assets at end of year	2021-10-31	$9,929,523
Total plan assets at beginning of year	2021-10-31	$8,510,854
Value of fidelity bond covering the plan	2021-10-31	$500,000
Other income received	2021-10-31	$1,884,009
Net income (gross income less expenses)	2021-10-31	$1,418,669
Net plan assets at end of year (total assets less liabilities)	2021-10-31	$9,929,523
Net plan assets at beginning of year (total assets less liabilities)	2021-10-31	$8,510,854
2020 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2020 401k financial data
Total income from all sources	2020-10-31	$1,150,529
Expenses. Total of all expenses incurred	2020-10-31	$277,196
Benefits paid (including direct rollovers)	2020-10-31	$277,196
Total plan assets at end of year	2020-10-31	$8,510,854
Total plan assets at beginning of year	2020-10-31	$7,637,521
Value of fidelity bond covering the plan	2020-10-31	$500,000
Other income received	2020-10-31	$218,529
Net income (gross income less expenses)	2020-10-31	$873,333
Net plan assets at end of year (total assets less liabilities)	2020-10-31	$8,510,854
Net plan assets at beginning of year (total assets less liabilities)	2020-10-31	$7,637,521
Total contributions received or receivable from employer(s)	2020-10-31	$932,000
2019 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2019 401k financial data
Total income from all sources	2019-10-31	$1,745,896
Expenses. Total of all expenses incurred	2019-10-31	$250,764
Benefits paid (including direct rollovers)	2019-10-31	$250,764
Total plan assets at end of year	2019-10-31	$7,637,521
Total plan assets at beginning of year	2019-10-31	$6,142,389
Value of fidelity bond covering the plan	2019-10-31	$500,000
Other income received	2019-10-31	$662,896
Net income (gross income less expenses)	2019-10-31	$1,495,132
Net plan assets at end of year (total assets less liabilities)	2019-10-31	$7,637,521
Net plan assets at beginning of year (total assets less liabilities)	2019-10-31	$6,142,389
Total contributions received or receivable from employer(s)	2019-10-31	$1,083,000
2017 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2017 401k financial data
Total income from all sources	2017-10-31	$877,281
Expenses. Total of all expenses incurred	2017-10-31	$356,045
Benefits paid (including direct rollovers)	2017-10-31	$356,045
Total plan assets at end of year	2017-10-31	$6,778,746
Total plan assets at beginning of year	2017-10-31	$6,257,510
Value of fidelity bond covering the plan	2017-10-31	$500,000
Other income received	2017-10-31	$877,281
Net income (gross income less expenses)	2017-10-31	$521,236
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$6,778,746
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$6,257,510

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK

2021: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS 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 SOUTHBRIDGE SAVINGS 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 SOUTHBRIDGE SAVINGS 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 SOUTHBRIDGE SAVINGS 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 SOUTHBRIDGE SAVINGS 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 SOUTHBRIDGE SAVINGS 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

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Company Name:	CORNERSTONE BANK
Employer identification number (EIN):	041856390
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Commonwealth of Massachusetts Corporations Division
Incorporation Date:
Company Identification Number:	000949932