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

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

Plan Name	SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK
Plan identification number	001

SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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

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

Company Name: WASHINGTON SAVINGS BANK

Employer identification number (EIN): 041949430

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 WASHINGTON SAVINGS BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-11-01 THOMAS FORESE, JR.
001 2022-11-01
001 2022-11-01 THOMAS FORESE, JR.
001 2021-11-01
001 2021-11-01 THOMAS FORESE JR.
001 2020-11-01
001 2019-11-01
001 2018-11-01
001 2017-11-01
001 2016-11-01 THOMAS FORESE JR.
001 2015-11-01 THOMAS FORESE JR.
001 2014-11-01 THOMAS FORESE JR.
001 2013-11-01 THOMAS FORESE JR.
001 2012-11-01 THOMAS FORESE JR.
001 2011-11-01 THOMAS FORESE JR.
001 2010-11-01 THOMAS FORESE JR.
001 2009-11-01 THOMAS FORESE JR.

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

Measure	Date	Value
2023 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2023 401k financial data
Total income from all sources	2023-10-31	$587,896
Expenses. Total of all expenses incurred	2023-10-31	$283,432
Benefits paid (including direct rollovers)	2023-10-31	$283,432
Total plan assets at end of year	2023-10-31	$10,998,645
Total plan assets at beginning of year	2023-10-31	$10,694,181
Value of fidelity bond covering the plan	2023-10-31	$500,000
Other income received	2023-10-31	$587,896
Net income (gross income less expenses)	2023-10-31	$304,464
Net plan assets at end of year (total assets less liabilities)	2023-10-31	$10,998,645
Net plan assets at beginning of year (total assets less liabilities)	2023-10-31	$10,694,181
2022 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2022 401k financial data
Total income from all sources	2022-10-31	$-1,233,694
Expenses. Total of all expenses incurred	2022-10-31	$83,843
Benefits paid (including direct rollovers)	2022-10-31	$83,843
Total plan assets at end of year	2022-10-31	$10,694,181
Total plan assets at beginning of year	2022-10-31	$12,011,718
Value of fidelity bond covering the plan	2022-10-31	$500,000
Other income received	2022-10-31	$-2,233,694
Net income (gross income less expenses)	2022-10-31	$-1,317,537
Net plan assets at end of year (total assets less liabilities)	2022-10-31	$10,694,181
Net plan assets at beginning of year (total assets less liabilities)	2022-10-31	$12,011,718
Total contributions received or receivable from employer(s)	2022-10-31	$1,000,000
2021 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2021 401k financial data
Total income from all sources	2021-10-31	$3,616,747
Expenses. Total of all expenses incurred	2021-10-31	$152,790
Benefits paid (including direct rollovers)	2021-10-31	$152,790
Total plan assets at end of year	2021-10-31	$12,011,718
Total plan assets at beginning of year	2021-10-31	$8,547,761
Value of fidelity bond covering the plan	2021-10-31	$500,000
Other income received	2021-10-31	$2,116,747
Net income (gross income less expenses)	2021-10-31	$3,463,957
Net plan assets at end of year (total assets less liabilities)	2021-10-31	$12,011,718
Net plan assets at beginning of year (total assets less liabilities)	2021-10-31	$8,547,761
Total contributions received or receivable from employer(s)	2021-10-31	$1,500,000
2020 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2020 401k financial data
Total income from all sources	2020-10-31	$4,079,407
Expenses. Total of all expenses incurred	2020-10-31	$171,181
Benefits paid (including direct rollovers)	2020-10-31	$171,181
Total plan assets at end of year	2020-10-31	$8,547,761
Total plan assets at beginning of year	2020-10-31	$4,639,535
Value of fidelity bond covering the plan	2020-10-31	$463,954
Other income received	2020-10-31	$324,407
Net income (gross income less expenses)	2020-10-31	$3,908,226
Net plan assets at end of year (total assets less liabilities)	2020-10-31	$8,547,761
Net plan assets at beginning of year (total assets less liabilities)	2020-10-31	$4,639,535
Total contributions received or receivable from employer(s)	2020-10-31	$3,755,000
2019 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2019 401k financial data
Total income from all sources	2019-10-31	$435,633
Expenses. Total of all expenses incurred	2019-10-31	$27,159
Benefits paid (including direct rollovers)	2019-10-31	$27,159
Total plan assets at end of year	2019-10-31	$4,639,535
Total plan assets at beginning of year	2019-10-31	$4,231,061
Value of fidelity bond covering the plan	2019-10-31	$282,824
Other income received	2019-10-31	$435,633
Net income (gross income less expenses)	2019-10-31	$408,474
Net plan assets at end of year (total assets less liabilities)	2019-10-31	$4,639,535
Net plan assets at beginning of year (total assets less liabilities)	2019-10-31	$4,231,061
2017 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2017 401k financial data
Total income from all sources	2017-10-31	$605,956
Expenses. Total of all expenses incurred	2017-10-31	$163,506
Benefits paid (including direct rollovers)	2017-10-31	$163,506
Total plan assets at end of year	2017-10-31	$3,738,457
Total plan assets at beginning of year	2017-10-31	$3,296,007
Value of fidelity bond covering the plan	2017-10-31	$329,601
Other income received	2017-10-31	$465,956
Net income (gross income less expenses)	2017-10-31	$442,450
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$3,738,457
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$3,296,007
Total contributions received or receivable from employer(s)	2017-10-31	$140,000
2016 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2016 401k financial data
Total income from all sources	2016-10-31	$611,807
Expenses. Total of all expenses incurred	2016-10-31	$144,040
Benefits paid (including direct rollovers)	2016-10-31	$144,040
Total plan assets at end of year	2016-10-31	$3,296,007
Total plan assets at beginning of year	2016-10-31	$2,828,240
Value of fidelity bond covering the plan	2016-10-31	$282,824
Other income received	2016-10-31	$101,807
Net income (gross income less expenses)	2016-10-31	$467,767
Net plan assets at end of year (total assets less liabilities)	2016-10-31	$3,296,007
Net plan assets at beginning of year (total assets less liabilities)	2016-10-31	$2,828,240
Total contributions received or receivable from employer(s)	2016-10-31	$510,000
2015 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2015 401k financial data
Total income from all sources	2015-10-31	$403,804
Expenses. Total of all expenses incurred	2015-10-31	$19,581
Benefits paid (including direct rollovers)	2015-10-31	$19,581
Total plan assets at end of year	2015-10-31	$2,828,240
Total plan assets at beginning of year	2015-10-31	$2,444,017
Value of fidelity bond covering the plan	2015-10-31	$244,402
Other income received	2015-10-31	$-26,196
Net income (gross income less expenses)	2015-10-31	$384,223
Net plan assets at end of year (total assets less liabilities)	2015-10-31	$2,828,240
Net plan assets at beginning of year (total assets less liabilities)	2015-10-31	$2,444,017
Total contributions received or receivable from employer(s)	2015-10-31	$430,000
2014 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2014 401k financial data
Total income from all sources	2014-10-31	$765,301
Expenses. Total of all expenses incurred	2014-10-31	$106,874
Benefits paid (including direct rollovers)	2014-10-31	$106,874
Total plan assets at end of year	2014-10-31	$2,444,017
Total plan assets at beginning of year	2014-10-31	$1,785,590
Value of fidelity bond covering the plan	2014-10-31	$244,402
Other income received	2014-10-31	$101,116
Net income (gross income less expenses)	2014-10-31	$658,427
Net plan assets at end of year (total assets less liabilities)	2014-10-31	$2,444,017
Net plan assets at beginning of year (total assets less liabilities)	2014-10-31	$1,785,590
Total contributions received or receivable from employer(s)	2014-10-31	$664,185
2013 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2013 401k financial data
Total income from all sources	2013-10-31	$256,578
Expenses. Total of all expenses incurred	2013-10-31	$11,306
Benefits paid (including direct rollovers)	2013-10-31	$11,306
Total plan assets at end of year	2013-10-31	$1,785,590
Total plan assets at beginning of year	2013-10-31	$1,540,318
Value of fidelity bond covering the plan	2013-10-31	$154,032
Other income received	2013-10-31	$241,826
Net income (gross income less expenses)	2013-10-31	$245,272
Net plan assets at end of year (total assets less liabilities)	2013-10-31	$1,785,590
Net plan assets at beginning of year (total assets less liabilities)	2013-10-31	$1,540,318
Total contributions received or receivable from employer(s)	2013-10-31	$14,752
2012 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2012 401k financial data
Total income from all sources	2012-10-31	$291,687
Expenses. Total of all expenses incurred	2012-10-31	$7,984
Benefits paid (including direct rollovers)	2012-10-31	$7,984
Total plan assets at end of year	2012-10-31	$1,540,318
Total plan assets at beginning of year	2012-10-31	$1,256,615
Value of fidelity bond covering the plan	2012-10-31	$182,636
Other income received	2012-10-31	$116,396
Net income (gross income less expenses)	2012-10-31	$283,703
Net plan assets at end of year (total assets less liabilities)	2012-10-31	$1,540,318
Net plan assets at beginning of year (total assets less liabilities)	2012-10-31	$1,256,615
Total contributions received or receivable from employer(s)	2012-10-31	$175,291
2011 : SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2011 401k financial data
Total income from all sources	2011-10-31	$49,675
Expenses. Total of all expenses incurred	2011-10-31	$153,210
Benefits paid (including direct rollovers)	2011-10-31	$153,210
Total plan assets at end of year	2011-10-31	$1,256,615
Total plan assets at beginning of year	2011-10-31	$1,360,150
Value of fidelity bond covering the plan	2011-10-31	$182,636
Other income received	2011-10-31	$49,675
Net income (gross income less expenses)	2011-10-31	$-103,535
Net plan assets at end of year (total assets less liabilities)	2011-10-31	$1,256,615
Net plan assets at beginning of year (total assets less liabilities)	2011-10-31	$1,360,150
Total contributions received or receivable from employer(s)	2011-10-31	$0

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

2022: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2022 form 5500 responses
2022-11-01	Type of plan entity	Single employer plan
2022-11-01	Submission has been amended	No
2022-11-01	This submission is the final filing	No
2022-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-11-01	Plan is a collectively bargained plan	No
2022-11-01	Plan funding arrangement – Trust	Yes
2022-11-01	Plan benefit arrangement - Trust	Yes
2021: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON 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 WASHINGTON 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 WASHINGTON 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 WASHINGTON 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 WASHINGTON 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 WASHINGTON 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
2015: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2015 form 5500 responses
2015-11-01	Type of plan entity	Single employer plan
2015-11-01	Submission has been amended	No
2015-11-01	This submission is the final filing	No
2015-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-11-01	Plan is a collectively bargained plan	No
2015-11-01	Plan funding arrangement – Trust	Yes
2015-11-01	Plan benefit arrangement - Trust	Yes
2014: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2014 form 5500 responses
2014-11-01	Type of plan entity	Single employer plan
2014-11-01	Submission has been amended	No
2014-11-01	This submission is the final filing	No
2014-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-11-01	Plan is a collectively bargained plan	No
2014-11-01	Plan funding arrangement – Trust	Yes
2014-11-01	Plan benefit arrangement - Trust	Yes
2013: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2013 form 5500 responses
2013-11-01	Type of plan entity	Single employer plan
2013-11-01	Submission has been amended	No
2013-11-01	This submission is the final filing	No
2013-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-11-01	Plan is a collectively bargained plan	No
2013-11-01	Plan funding arrangement – Trust	Yes
2013-11-01	Plan benefit arrangement - Trust	Yes
2012: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2012 form 5500 responses
2012-11-01	Type of plan entity	Single employer plan
2012-11-01	Submission has been amended	No
2012-11-01	This submission is the final filing	No
2012-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-11-01	Plan is a collectively bargained plan	No
2012-11-01	Plan funding arrangement – Trust	Yes
2012-11-01	Plan benefit arrangement - Trust	Yes
2011: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2011 form 5500 responses
2011-11-01	Type of plan entity	Single employer plan
2011-11-01	Submission has been amended	No
2011-11-01	This submission is the final filing	No
2011-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-11-01	Plan is a collectively bargained plan	No
2011-11-01	Plan funding arrangement – Trust	Yes
2011-11-01	Plan benefit arrangement - Trust	Yes
2010: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2010 form 5500 responses
2010-11-01	Type of plan entity	Single employer plan
2010-11-01	Submission has been amended	No
2010-11-01	This submission is the final filing	No
2010-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-11-01	Plan is a collectively bargained plan	No
2010-11-01	Plan funding arrangement – Trust	Yes
2010-11-01	Plan benefit arrangement - Trust	Yes
2009: SBERA PENSION PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2009 form 5500 responses
2009-11-01	Type of plan entity	Single employer plan
2009-11-01	Submission has been amended	No
2009-11-01	This submission is the final filing	No
2009-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-11-01	Plan is a collectively bargained plan	No
2009-11-01	Plan funding arrangement – Trust	Yes
2009-11-01	Plan benefit arrangement - Trust	Yes

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Company Name:	WASHINGTON SAVINGS BANK
Employer identification number (EIN):	041949430
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Plan id#	Filing Submission Date	Name of Administrator
001	2023-11-01	THOMAS FORESE, JR.
001	2022-11-01
001	2022-11-01	THOMAS FORESE, JR.
001	2021-11-01
001	2021-11-01	THOMAS FORESE JR.
001	2020-11-01
001	2019-11-01
001	2018-11-01
001	2017-11-01
001	2016-11-01	THOMAS FORESE JR.
001	2015-11-01	THOMAS FORESE JR.
001	2014-11-01	THOMAS FORESE JR.
001	2013-11-01	THOMAS FORESE JR.
001	2012-11-01	THOMAS FORESE JR.
001	2011-11-01	THOMAS FORESE JR.
001	2010-11-01	THOMAS FORESE JR.
001	2009-11-01	THOMAS FORESE JR.