401k Plan data: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK plan

SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 401k Plan overview

Plan Name	SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK
Plan identification number	002

SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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 401(K) 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
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01 THOMAS FORESE, JR.
002 2017-01-01 THOMAS FORESE, JR.
002 2016-01-01 THOMAS FORESE, JR.
002 2015-01-01 THOMAS FORESE, JR.
002 2014-01-01 THOMAS FORESE, JR.
002 2013-01-01 THOMAS FORESE, JR.
002 2012-01-01 THOMAS FORESE JR.
002 2011-01-01 THOMAS FORESE JR.
002 2010-01-01 THOMAS FORESE JR.
002 2009-01-01 THOMAS FORESE, JR.

Plan Statistics for SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK

401k plan membership statisitcs for SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK

Measure Date Value
2022: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2022 401k membership
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 35
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 18
Total of all active and inactive participants 2022-01-01 53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 53
Number of participants with account balances 2022-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2021 401k membership
Total participants, beginning-of-year 2021-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 34
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 17
Total of all active and inactive participants 2021-01-01 51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 51
Number of participants with account balances 2021-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2020 401k membership
Total participants, beginning-of-year 2020-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 38
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 12
Total of all active and inactive participants 2020-01-01 50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 50
Number of participants with account balances 2020-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2019 401k membership
Total participants, beginning-of-year 2019-01-01 50
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 39
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 14
Total of all active and inactive participants 2019-01-01 53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 53
Number of participants with account balances 2019-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 1
2018: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2018 401k membership
Total participants, beginning-of-year 2018-01-01 48
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 37
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 13
Total of all active and inactive participants 2018-01-01 50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 50
Number of participants with account balances 2018-01-01 45
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2017 401k membership
Total participants, beginning-of-year 2017-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 35
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 13
Total of all active and inactive participants 2017-01-01 48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 48
Number of participants with account balances 2017-01-01 44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year 2016-01-01 59
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 37
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 20
Total of all active and inactive participants 2016-01-01 57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 57
Number of participants with account balances 2016-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year 2015-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 38
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 21
Total of all active and inactive participants 2015-01-01 59
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 59
Number of participants with account balances 2015-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year 2014-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 36
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 20
Total of all active and inactive participants 2014-01-01 56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 56
Number of participants with account balances 2014-01-01 52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year 2013-01-01 56
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 37
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 17
Total of all active and inactive participants 2013-01-01 54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 54
Number of participants with account balances 2013-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 1
2012: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year 2012-01-01 55
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 39
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 17
Total of all active and inactive participants 2012-01-01 56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 56
Number of participants with account balances 2012-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year 2011-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 39
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 16
Total of all active and inactive participants 2011-01-01 55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 55
Number of participants with account balances 2011-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2
2010: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2010 401k membership
Total participants, beginning-of-year 2010-01-01 53
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 35
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 18
Total of all active and inactive participants 2010-01-01 53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 53
Number of participants with account balances 2010-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 1
2009: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year 2009-01-01 49
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 38
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 15
Total of all active and inactive participants 2009-01-01 53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 53
Number of participants with account balances 2009-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2022: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2022 401k membership
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	35
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	18
Total of all active and inactive participants	2022-01-01	53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	53
Number of participants with account balances	2022-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2021 401k membership
Total participants, beginning-of-year	2021-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	34
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	17
Total of all active and inactive participants	2021-01-01	51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	51
Number of participants with account balances	2021-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2020 401k membership
Total participants, beginning-of-year	2020-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	38
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	12
Total of all active and inactive participants	2020-01-01	50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	50
Number of participants with account balances	2020-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2019 401k membership
Total participants, beginning-of-year	2019-01-01	50
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	39
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	14
Total of all active and inactive participants	2019-01-01	53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	53
Number of participants with account balances	2019-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	1
2018: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2018 401k membership
Total participants, beginning-of-year	2018-01-01	48
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	37
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	13
Total of all active and inactive participants	2018-01-01	50
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	50
Number of participants with account balances	2018-01-01	45
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2017 401k membership
Total participants, beginning-of-year	2017-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	35
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	13
Total of all active and inactive participants	2017-01-01	48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	48
Number of participants with account balances	2017-01-01	44
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year	2016-01-01	59
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	37
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	20
Total of all active and inactive participants	2016-01-01	57
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	57
Number of participants with account balances	2016-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year	2015-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	38
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	21
Total of all active and inactive participants	2015-01-01	59
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	59
Number of participants with account balances	2015-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year	2014-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	36
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	20
Total of all active and inactive participants	2014-01-01	56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	56
Number of participants with account balances	2014-01-01	52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year	2013-01-01	56
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	37
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	17
Total of all active and inactive participants	2013-01-01	54
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	54
Number of participants with account balances	2013-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	1
2012: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year	2012-01-01	55
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	39
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	17
Total of all active and inactive participants	2012-01-01	56
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	56
Number of participants with account balances	2012-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year	2011-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	39
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	16
Total of all active and inactive participants	2011-01-01	55
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	55
Number of participants with account balances	2011-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2
2010: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2010 401k membership
Total participants, beginning-of-year	2010-01-01	53
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	35
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	18
Total of all active and inactive participants	2010-01-01	53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	53
Number of participants with account balances	2010-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	1
2009: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year	2009-01-01	49
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	38
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	15
Total of all active and inactive participants	2009-01-01	53
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	53
Number of participants with account balances	2009-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK

Measure	Date	Value
2022 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2022 401k financial data
Total income from all sources	2022-12-31	$-447,606
Expenses. Total of all expenses incurred	2022-12-31	$106,915
Benefits paid (including direct rollovers)	2022-12-31	$106,675
Total plan assets at end of year	2022-12-31	$3,379,494
Total plan assets at beginning of year	2022-12-31	$3,934,015
Value of fidelity bond covering the plan	2022-12-31	$393,402
Total contributions received or receivable from participants	2022-12-31	$197,760
Other income received	2022-12-31	$-707,405
Net income (gross income less expenses)	2022-12-31	$-554,521
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$3,379,494
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,934,015
Assets. Value of participant loans	2022-12-31	$94,157
Total contributions received or receivable from employer(s)	2022-12-31	$62,039
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$240
2021 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2021 401k financial data
Total income from all sources	2021-12-31	$671,815
Expenses. Total of all expenses incurred	2021-12-31	$3,533
Benefits paid (including direct rollovers)	2021-12-31	$3,483
Total plan assets at end of year	2021-12-31	$3,934,015
Total plan assets at beginning of year	2021-12-31	$3,265,733
Value of fidelity bond covering the plan	2021-12-31	$326,574
Total contributions received or receivable from participants	2021-12-31	$203,313
Other income received	2021-12-31	$404,964
Net income (gross income less expenses)	2021-12-31	$668,282
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,934,015
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,265,733
Assets. Value of participant loans	2021-12-31	$44,944
Total contributions received or receivable from employer(s)	2021-12-31	$63,538
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2020 401k financial data
Total income from all sources	2020-12-31	$607,206
Expenses. Total of all expenses incurred	2020-12-31	$260,743
Benefits paid (including direct rollovers)	2020-12-31	$259,918
Total plan assets at end of year	2020-12-31	$3,265,733
Total plan assets at beginning of year	2020-12-31	$2,919,270
Value of fidelity bond covering the plan	2020-12-31	$291,928
Total contributions received or receivable from participants	2020-12-31	$209,349
Other income received	2020-12-31	$327,463
Net income (gross income less expenses)	2020-12-31	$346,463
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,265,733
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,919,270
Assets. Value of participant loans	2020-12-31	$64,736
Total contributions received or receivable from employer(s)	2020-12-31	$70,394
Value of corrective distributions	2020-12-31	$775
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2019 401k financial data
Total income from all sources	2019-12-31	$662,498
Expenses. Total of all expenses incurred	2019-12-31	$34,976
Benefits paid (including direct rollovers)	2019-12-31	$34,716
Total plan assets at end of year	2019-12-31	$2,919,270
Total plan assets at beginning of year	2019-12-31	$2,291,748
Value of fidelity bond covering the plan	2019-12-31	$229,175
Total contributions received or receivable from participants	2019-12-31	$177,703
Other income received	2019-12-31	$422,734
Net income (gross income less expenses)	2019-12-31	$627,522
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,919,270
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,291,748
Assets. Value of participant loans	2019-12-31	$86,922
Total contributions received or receivable from employer(s)	2019-12-31	$62,061
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$260
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2018 401k financial data
Total income from all sources	2018-12-31	$173,911
Expenses. Total of all expenses incurred	2018-12-31	$44,992
Benefits paid (including direct rollovers)	2018-12-31	$44,942
Total plan assets at end of year	2018-12-31	$2,291,748
Total plan assets at beginning of year	2018-12-31	$2,162,829
Value of fidelity bond covering the plan	2018-12-31	$216,283
Total contributions received or receivable from participants	2018-12-31	$157,874
Other income received	2018-12-31	$-42,219
Net income (gross income less expenses)	2018-12-31	$128,919
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,291,748
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,162,829
Assets. Value of participant loans	2018-12-31	$88,579
Total contributions received or receivable from employer(s)	2018-12-31	$58,256
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2017 401k financial data
Total income from all sources	2017-12-31	$469,178
Expenses. Total of all expenses incurred	2017-12-31	$358,306
Benefits paid (including direct rollovers)	2017-12-31	$358,306
Total plan assets at end of year	2017-12-31	$2,162,829
Total plan assets at beginning of year	2017-12-31	$2,051,957
Value of fidelity bond covering the plan	2017-12-31	$205,196
Total contributions received or receivable from participants	2017-12-31	$126,259
Other income received	2017-12-31	$291,413
Net income (gross income less expenses)	2017-12-31	$110,872
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,162,829
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$2,051,957
Assets. Value of participant loans	2017-12-31	$120,790
Total contributions received or receivable from employer(s)	2017-12-31	$51,506
2016 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2016 401k financial data
Total income from all sources	2016-12-31	$293,547
Expenses. Total of all expenses incurred	2016-12-31	$110,603
Benefits paid (including direct rollovers)	2016-12-31	$86,296
Total plan assets at end of year	2016-12-31	$2,051,957
Total plan assets at beginning of year	2016-12-31	$1,869,013
Value of fidelity bond covering the plan	2016-12-31	$186,901
Total contributions received or receivable from participants	2016-12-31	$107,936
Other income received	2016-12-31	$137,807
Net income (gross income less expenses)	2016-12-31	$182,944
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,051,957
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$1,869,013
Assets. Value of participant loans	2016-12-31	$91,155
Total contributions received or receivable from employer(s)	2016-12-31	$47,804
Value of certain deemed distributions of participant loans	2016-12-31	$24,307
2015 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2015 401k financial data
Total income from all sources	2015-12-31	$181,297
Expenses. Total of all expenses incurred	2015-12-31	$47,111
Benefits paid (including direct rollovers)	2015-12-31	$47,111
Total plan assets at end of year	2015-12-31	$1,869,013
Total plan assets at beginning of year	2015-12-31	$1,734,827
Value of fidelity bond covering the plan	2015-12-31	$173,483
Total contributions received or receivable from participants	2015-12-31	$97,655
Contributions received from other sources (not participants or employers)	2015-12-31	$50,000
Other income received	2015-12-31	$-10,027
Net income (gross income less expenses)	2015-12-31	$134,186
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,869,013
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,734,827
Assets. Value of participant loans	2015-12-31	$133,340
Total contributions received or receivable from employer(s)	2015-12-31	$43,669
2014 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2014 401k financial data
Total income from all sources	2014-12-31	$218,683
Expenses. Total of all expenses incurred	2014-12-31	$55,795
Benefits paid (including direct rollovers)	2014-12-31	$55,795
Total plan assets at end of year	2014-12-31	$1,734,827
Total plan assets at beginning of year	2014-12-31	$1,571,939
Value of fidelity bond covering the plan	2014-12-31	$157,194
Total contributions received or receivable from participants	2014-12-31	$84,626
Other income received	2014-12-31	$94,676
Net income (gross income less expenses)	2014-12-31	$162,888
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,734,827
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,571,939
Assets. Value of participant loans	2014-12-31	$53,998
Total contributions received or receivable from employer(s)	2014-12-31	$39,381
2013 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2013 401k financial data
Total income from all sources	2013-12-31	$360,299
Expenses. Total of all expenses incurred	2013-12-31	$119,416
Benefits paid (including direct rollovers)	2013-12-31	$118,683
Total plan assets at end of year	2013-12-31	$1,571,939
Total plan assets at beginning of year	2013-12-31	$1,331,056
Value of fidelity bond covering the plan	2013-12-31	$133,106
Total contributions received or receivable from participants	2013-12-31	$88,015
Other income received	2013-12-31	$231,967
Net income (gross income less expenses)	2013-12-31	$240,883
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,571,939
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,331,056
Assets. Value of participant loans	2013-12-31	$77,745
Total contributions received or receivable from employer(s)	2013-12-31	$40,317
Value of certain deemed distributions of participant loans	2013-12-31	$733
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2012 401k financial data
Total income from all sources	2012-12-31	$249,759
Expenses. Total of all expenses incurred	2012-12-31	$15,031
Benefits paid (including direct rollovers)	2012-12-31	$15,031
Total plan assets at end of year	2012-12-31	$1,331,056
Total plan assets at beginning of year	2012-12-31	$1,096,328
Value of fidelity bond covering the plan	2012-12-31	$109,633
Total contributions received or receivable from participants	2012-12-31	$77,375
Contributions received from other sources (not participants or employers)	2012-12-31	$13,399
Other income received	2012-12-31	$122,422
Net income (gross income less expenses)	2012-12-31	$234,728
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,331,056
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,096,328
Assets. Value of participant loans	2012-12-31	$42,047
Total contributions received or receivable from employer(s)	2012-12-31	$36,563
2011 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2011 401k financial data
Total income from all sources	2011-12-31	$102,641
Expenses. Total of all expenses incurred	2011-12-31	$62,507
Benefits paid (including direct rollovers)	2011-12-31	$48,358
Total plan assets at end of year	2011-12-31	$1,096,328
Total plan assets at beginning of year	2011-12-31	$1,056,194
Value of fidelity bond covering the plan	2011-12-31	$105,619
Total contributions received or receivable from participants	2011-12-31	$67,409
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$2,602
Net income (gross income less expenses)	2011-12-31	$40,134
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,096,328
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,056,194
Assets. Value of participant loans	2011-12-31	$49,026
Total contributions received or receivable from employer(s)	2011-12-31	$32,630
Value of certain deemed distributions of participant loans	2011-12-31	$14,149
Value of corrective distributions	2011-12-31	$0
2010 : SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2010 401k financial data
Total income from all sources	2010-12-31	$180,339
Expenses. Total of all expenses incurred	2010-12-31	$15,021
Benefits paid (including direct rollovers)	2010-12-31	$11,261
Total plan assets at end of year	2010-12-31	$1,056,194
Total plan assets at beginning of year	2010-12-31	$890,876
Value of fidelity bond covering the plan	2010-12-31	$89,088
Total contributions received or receivable from participants	2010-12-31	$66,091
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$82,894
Net income (gross income less expenses)	2010-12-31	$165,318
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,056,194
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$890,876
Assets. Value of participant loans	2010-12-31	$59,383
Total contributions received or receivable from employer(s)	2010-12-31	$31,354
Value of certain deemed distributions of participant loans	2010-12-31	$3,760
Value of corrective distributions	2010-12-31	$0

Form 5500 Responses for SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK

2022: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: SBERA 401(K) PLAN AS ADOPTED BY WASHINGTON SAVINGS BANK 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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