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

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

SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK Benefits

401k Plan TypeDefined 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 SignedName of Company SponsorDate Sponsor Signed
0032023-11-01
0032023-11-01THOMAS FORESE, JR.
0032022-11-01
0032022-11-01THOMAS FORESE, JR.
0032021-11-01
0032021-11-01THOMAS FORESE JR.
0032020-11-01
0032019-11-01
0032018-11-01
0032017-11-01
0032016-11-01THOMAS FORESE JR.

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

Measure Date Value
2024 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2024 401k financial data
Transfers to/from the plan2024-01-31$-8,144,749
Total income from all sources2024-01-31$856,842
Expenses. Total of all expenses incurred2024-01-31$15,230
Benefits paid (including direct rollovers)2024-01-31$15,230
Total plan assets at end of year2024-01-31$0
Total plan assets at beginning of year2024-01-31$7,303,137
Value of fidelity bond covering the plan2024-01-31$500,000
Other income received2024-01-31$856,842
Net income (gross income less expenses)2024-01-31$841,612
Net plan assets at end of year (total assets less liabilities)2024-01-31$0
Net plan assets at beginning of year (total assets less liabilities)2024-01-31$7,303,137
2023 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2023 401k financial data
Total income from all sources2023-10-31$376,104
Expenses. Total of all expenses incurred2023-10-31$106,173
Benefits paid (including direct rollovers)2023-10-31$106,173
Total plan assets at end of year2023-10-31$7,303,137
Total plan assets at beginning of year2023-10-31$7,033,206
Value of fidelity bond covering the plan2023-10-31$500,000
Other income received2023-10-31$376,104
Net income (gross income less expenses)2023-10-31$269,931
Net plan assets at end of year (total assets less liabilities)2023-10-31$7,303,137
Net plan assets at beginning of year (total assets less liabilities)2023-10-31$7,033,206
2022 : SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2022 401k financial data
Total income from all sources2022-10-31$-1,785,959
Expenses. Total of all expenses incurred2022-10-31$1,110,357
Benefits paid (including direct rollovers)2022-10-31$1,110,357
Total plan assets at end of year2022-10-31$7,033,207
Total plan assets at beginning of year2022-10-31$9,929,523
Value of fidelity bond covering the plan2022-10-31$500,000
Other income received2022-10-31$-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 sources2021-10-31$1,884,009
Expenses. Total of all expenses incurred2021-10-31$465,340
Benefits paid (including direct rollovers)2021-10-31$465,340
Total plan assets at end of year2021-10-31$9,929,523
Total plan assets at beginning of year2021-10-31$8,510,854
Value of fidelity bond covering the plan2021-10-31$500,000
Other income received2021-10-31$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 sources2020-10-31$1,150,529
Expenses. Total of all expenses incurred2020-10-31$277,196
Benefits paid (including direct rollovers)2020-10-31$277,196
Total plan assets at end of year2020-10-31$8,510,854
Total plan assets at beginning of year2020-10-31$7,637,521
Value of fidelity bond covering the plan2020-10-31$500,000
Other income received2020-10-31$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 sources2019-10-31$1,745,896
Expenses. Total of all expenses incurred2019-10-31$250,764
Benefits paid (including direct rollovers)2019-10-31$250,764
Total plan assets at end of year2019-10-31$7,637,521
Total plan assets at beginning of year2019-10-31$6,142,389
Value of fidelity bond covering the plan2019-10-31$500,000
Other income received2019-10-31$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 sources2017-10-31$877,281
Expenses. Total of all expenses incurred2017-10-31$356,045
Benefits paid (including direct rollovers)2017-10-31$356,045
Total plan assets at end of year2017-10-31$6,778,746
Total plan assets at beginning of year2017-10-31$6,257,510
Value of fidelity bond covering the plan2017-10-31$500,000
Other income received2017-10-31$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

2023: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2023 form 5500 responses
2023-11-01Type of plan entitySingle employer plan
2023-11-01Submission has been amendedNo
2023-11-01This submission is the final filingYes
2023-11-01This return/report is a short plan year return/report (less than 12 months)Yes
2023-11-01Plan is a collectively bargained planNo
2023-11-01Plan funding arrangement – TrustYes
2023-11-01Plan benefit arrangement - TrustYes
2022: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2022 form 5500 responses
2022-11-01Type of plan entitySingle employer plan
2022-11-01Submission has been amendedNo
2022-11-01This submission is the final filingNo
2022-11-01This return/report is a short plan year return/report (less than 12 months)No
2022-11-01Plan is a collectively bargained planNo
2022-11-01Plan funding arrangement – TrustYes
2022-11-01Plan benefit arrangement - TrustYes
2021: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2021 form 5500 responses
2021-11-01Type of plan entitySingle employer plan
2021-11-01Submission has been amendedNo
2021-11-01This submission is the final filingNo
2021-11-01This return/report is a short plan year return/report (less than 12 months)No
2021-11-01Plan is a collectively bargained planNo
2021-11-01Plan funding arrangement – TrustYes
2021-11-01Plan benefit arrangement - TrustYes
2020: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2020 form 5500 responses
2020-11-01Type of plan entitySingle employer plan
2020-11-01Submission has been amendedNo
2020-11-01This submission is the final filingNo
2020-11-01This return/report is a short plan year return/report (less than 12 months)No
2020-11-01Plan is a collectively bargained planNo
2020-11-01Plan funding arrangement – TrustYes
2020-11-01Plan benefit arrangement - TrustYes
2019: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2019 form 5500 responses
2019-11-01Type of plan entitySingle employer plan
2019-11-01Submission has been amendedNo
2019-11-01This submission is the final filingNo
2019-11-01This return/report is a short plan year return/report (less than 12 months)No
2019-11-01Plan is a collectively bargained planNo
2019-11-01Plan funding arrangement – TrustYes
2019-11-01Plan benefit arrangement - TrustYes
2018: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2018 form 5500 responses
2018-11-01Type of plan entitySingle employer plan
2018-11-01Submission has been amendedNo
2018-11-01This submission is the final filingNo
2018-11-01This return/report is a short plan year return/report (less than 12 months)No
2018-11-01Plan is a collectively bargained planNo
2018-11-01Plan funding arrangement – TrustYes
2018-11-01Plan benefit arrangement - TrustYes
2017: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2017 form 5500 responses
2017-11-01Type of plan entitySingle employer plan
2017-11-01Submission has been amendedNo
2017-11-01This submission is the final filingNo
2017-11-01This return/report is a short plan year return/report (less than 12 months)No
2017-11-01Plan is a collectively bargained planNo
2017-11-01Plan funding arrangement – TrustYes
2017-11-01Plan benefit arrangement - TrustYes
2016: SBERA PENSION PLAN AS ADOPTED BY SOUTHBRIDGE SAVINGS BANK 2016 form 5500 responses
2016-11-01Type of plan entitySingle employer plan
2016-11-01Submission has been amendedNo
2016-11-01This submission is the final filingNo
2016-11-01This return/report is a short plan year return/report (less than 12 months)No
2016-11-01Plan is a collectively bargained planNo
2016-11-01Plan funding arrangement – TrustYes
2016-11-01Plan benefit arrangement - TrustYes

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