401k Plan data: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK plan

SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 401k Plan overview

Plan Name	SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK
Plan identification number	002

SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related

401k Sponsoring company profile

WALPOLE CO-OPERATIVE BANK has sponsored the creation of one or more 401k plans.

Company Name: WALPOLE CO-OPERATIVE BANK

Employer identification number (EIN): 041943030

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE 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 2021-01-01
002 2020-01-01
002 2019-07-01

Plan Statistics for SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK

401k plan membership statisitcs for SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK

Measure Date Value
2022: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2022 401k membership
Market value of plan assets 2022-12-31 11,078,649
Acturial value of plan assets 2022-12-31 11,078,649
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 392,911
Number of terminated vested participants 2022-12-31 18
Fundng target for terminated vested participants 2022-12-31 1,457,041
Active participant vested funding target 2022-12-31 5,463,269
Number of active participants 2022-12-31 30
Total funding liabilities for active participants 2022-12-31 5,583,822
Total participant count 2022-12-31 52
Total funding target for all participants 2022-12-31 7,433,774
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 884,456
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 928,856
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 852,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 819,533
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 552,746
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 819,533
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 51
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 30
Number of retired or separated participants receiving benefits 2022-01-01 5
Number of other retired or separated participants entitled to future benefits 2022-01-01 14
Total of all active and inactive participants 2022-01-01 49
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2021 401k membership
Market value of plan assets 2021-12-31 12,813,837
Acturial value of plan assets 2021-12-31 12,813,837
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 422,521
Number of terminated vested participants 2021-12-31 12
Fundng target for terminated vested participants 2021-12-31 2,014,119
Active participant vested funding target 2021-12-31 7,563,734
Number of active participants 2021-12-31 36
Total funding liabilities for active participants 2021-12-31 7,700,285
Total participant count 2021-12-31 52
Total funding target for all participants 2021-12-31 10,136,925
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 1,257,660
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 1,326,202
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 922,618
Total employee contributions 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 884,456
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 599,499
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 884,456
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-01-01 52
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 30
Number of retired or separated participants receiving benefits 2021-01-01 4
Number of other retired or separated participants entitled to future benefits 2021-01-01 17
Total of all active and inactive participants 2021-01-01 51
Total participants 2021-01-01 51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2020 401k membership
Market value of plan assets 2020-12-31 11,032,078
Acturial value of plan assets 2020-12-31 11,032,078
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 333,297
Number of terminated vested participants 2020-12-31 13
Fundng target for terminated vested participants 2020-12-31 2,306,648
Active participant vested funding target 2020-12-31 6,388,017
Number of active participants 2020-12-31 38
Total funding liabilities for active participants 2020-12-31 6,498,642
Total participant count 2020-12-31 54
Total funding target for all participants 2020-12-31 9,138,587
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 59,275
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 62,600
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 1,300,000
Total employee contributions 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 1,257,660
Unpaid minimum required contributions for all prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 441,755
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 1,257,660
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
Total participants, beginning-of-year 2020-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 36
Number of retired or separated participants receiving benefits 2020-01-01 3
Number of other retired or separated participants entitled to future benefits 2020-01-01 12
Total of all active and inactive participants 2020-01-01 51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2019 401k membership
Market value of plan assets 2019-12-31 10,369,499
Acturial value of plan assets 2019-12-31 10,369,499
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 334,401
Number of terminated vested participants 2019-12-31 10
Fundng target for terminated vested participants 2019-12-31 1,621,764
Active participant vested funding target 2019-12-31 6,407,489
Number of active participants 2019-12-31 41
Total funding liabilities for active participants 2019-12-31 6,507,821
Total participant count 2019-12-31 54
Total funding target for all participants 2019-12-31 8,463,986
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 62,600
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 59,275
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 222,991
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 59,275
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
Total participants, beginning-of-year 2019-07-01 53
Total number of active participants reported on line 7a of the Form 5500 2019-07-01 38
Number of retired or separated participants receiving benefits 2019-07-01 2
Number of other retired or separated participants entitled to future benefits 2019-07-01 12
Total of all active and inactive participants 2019-07-01 52
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-07-01 2
Total participants 2019-07-01 54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-07-01 1

Measure	Date	Value
2022: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2022 401k membership
Market value of plan assets	2022-12-31	11,078,649
Acturial value of plan assets	2022-12-31	11,078,649
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	392,911
Number of terminated vested participants	2022-12-31	18
Fundng target for terminated vested participants	2022-12-31	1,457,041
Active participant vested funding target	2022-12-31	5,463,269
Number of active participants	2022-12-31	30
Total funding liabilities for active participants	2022-12-31	5,583,822
Total participant count	2022-12-31	52
Total funding target for all participants	2022-12-31	7,433,774
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	884,456
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	928,856
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	852,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	819,533
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	552,746
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	819,533
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	51
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	30
Number of retired or separated participants receiving benefits	2022-01-01	5
Number of other retired or separated participants entitled to future benefits	2022-01-01	14
Total of all active and inactive participants	2022-01-01	49
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2021 401k membership
Market value of plan assets	2021-12-31	12,813,837
Acturial value of plan assets	2021-12-31	12,813,837
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	422,521
Number of terminated vested participants	2021-12-31	12
Fundng target for terminated vested participants	2021-12-31	2,014,119
Active participant vested funding target	2021-12-31	7,563,734
Number of active participants	2021-12-31	36
Total funding liabilities for active participants	2021-12-31	7,700,285
Total participant count	2021-12-31	52
Total funding target for all participants	2021-12-31	10,136,925
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	1,257,660
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	1,326,202
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	922,618
Total employee contributions	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	884,456
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	599,499
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	884,456
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-01-01	52
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	30
Number of retired or separated participants receiving benefits	2021-01-01	4
Number of other retired or separated participants entitled to future benefits	2021-01-01	17
Total of all active and inactive participants	2021-01-01	51
Total participants	2021-01-01	51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2020 401k membership
Market value of plan assets	2020-12-31	11,032,078
Acturial value of plan assets	2020-12-31	11,032,078
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	333,297
Number of terminated vested participants	2020-12-31	13
Fundng target for terminated vested participants	2020-12-31	2,306,648
Active participant vested funding target	2020-12-31	6,388,017
Number of active participants	2020-12-31	38
Total funding liabilities for active participants	2020-12-31	6,498,642
Total participant count	2020-12-31	54
Total funding target for all participants	2020-12-31	9,138,587
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	59,275
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	62,600
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	1,300,000
Total employee contributions	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	1,257,660
Unpaid minimum required contributions for all prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	441,755
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	1,257,660
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	36
Number of retired or separated participants receiving benefits	2020-01-01	3
Number of other retired or separated participants entitled to future benefits	2020-01-01	12
Total of all active and inactive participants	2020-01-01	51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2019 401k membership
Market value of plan assets	2019-12-31	10,369,499
Acturial value of plan assets	2019-12-31	10,369,499
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	334,401
Number of terminated vested participants	2019-12-31	10
Fundng target for terminated vested participants	2019-12-31	1,621,764
Active participant vested funding target	2019-12-31	6,407,489
Number of active participants	2019-12-31	41
Total funding liabilities for active participants	2019-12-31	6,507,821
Total participant count	2019-12-31	54
Total funding target for all participants	2019-12-31	8,463,986
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	62,600
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	59,275
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	222,991
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	59,275
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
Total participants, beginning-of-year	2019-07-01	53
Total number of active participants reported on line 7a of the Form 5500	2019-07-01	38
Number of retired or separated participants receiving benefits	2019-07-01	2
Number of other retired or separated participants entitled to future benefits	2019-07-01	12
Total of all active and inactive participants	2019-07-01	52
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-07-01	2
Total participants	2019-07-01	54
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-07-01	1

Financial Data on SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK

Measure	Date	Value
2022 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2022 401k financial data
Total income from all sources	2022-12-31	$-890,241
Expenses. Total of all expenses incurred	2022-12-31	$984,660
Benefits paid (including direct rollovers)	2022-12-31	$984,660
Total plan assets at end of year	2022-12-31	$9,203,748
Total plan assets at beginning of year	2022-12-31	$11,078,649
Value of fidelity bond covering the plan	2022-12-31	$500,000
Other income received	2022-12-31	$-1,742,241
Net income (gross income less expenses)	2022-12-31	$-1,874,901
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$9,203,748
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$11,078,649
Total contributions received or receivable from employer(s)	2022-12-31	$852,000
2021 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2021 401k financial data
Total income from all sources	2021-12-31	$2,257,098
Expenses. Total of all expenses incurred	2021-12-31	$3,992,286
Benefits paid (including direct rollovers)	2021-12-31	$3,992,286
Total plan assets at end of year	2021-12-31	$11,078,649
Total plan assets at beginning of year	2021-12-31	$12,813,837
Value of fidelity bond covering the plan	2021-12-31	$500,000
Other income received	2021-12-31	$1,334,480
Net income (gross income less expenses)	2021-12-31	$-1,735,188
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$11,078,649
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$12,813,837
Total contributions received or receivable from employer(s)	2021-12-31	$922,618
2020 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2020 401k financial data
Total income from all sources	2020-12-31	$2,689,125
Expenses. Total of all expenses incurred	2020-12-31	$846,451
Benefits paid (including direct rollovers)	2020-12-31	$846,451
Total plan assets at end of year	2020-12-31	$12,813,837
Total plan assets at beginning of year	2020-12-31	$10,971,163
Value of fidelity bond covering the plan	2020-12-31	$500,000
Other income received	2020-12-31	$1,326,525
Net income (gross income less expenses)	2020-12-31	$1,842,674
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$12,813,837
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$10,971,163
Total contributions received or receivable from employer(s)	2020-12-31	$1,362,600
2019 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2019 401k financial data
Transfers to/from the plan	2019-12-31	$8,827,855
Total income from all sources	2019-12-31	$2,152,991
Expenses. Total of all expenses incurred	2019-12-31	$9,683
Benefits paid (including direct rollovers)	2019-12-31	$9,683
Total plan assets at end of year	2019-12-31	$10,971,163
Total plan assets at beginning of year	2019-12-31	$0
Value of fidelity bond covering the plan	2019-12-31	$500,000
Other income received	2019-12-31	$602,991
Net income (gross income less expenses)	2019-12-31	$2,143,308
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$10,971,163
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$0
Total contributions received or receivable from employer(s)	2019-12-31	$1,550,000

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK

2022: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE 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 PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE 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 PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE 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 PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2019 form 5500 responses
2019-07-01	Type of plan entity	Single employer plan
2019-07-01	First time form 5500 has been submitted	Yes
2019-07-01	Submission has been amended	No
2019-07-01	This submission is the final filing	No
2019-07-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2019-07-01	Plan is a collectively bargained plan	No
2019-07-01	Plan funding arrangement – Trust	Yes
2019-07-01	Plan benefit arrangement - Trust	Yes

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Company Name:	WALPOLE CO-OPERATIVE BANK
Employer identification number (EIN):	041943030
NAIC Classification:	522120
NAIC Description:	Savings Institutions