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

SBERA PENSION PLAN AS ADOPTED BY LEE BANK 401k Plan overview

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

SBERA PENSION PLAN AS ADOPTED BY LEE BANK Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

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

Company Name: LEE BANK

Employer identification number (EIN): 043158399

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about LEE BANK

Jurisdiction of Incorporation: Commonwealth of Massachusetts Corporations Division

Incorporation Date:

Company Identification Number: 001004860

More information about LEE BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY LEE 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 2009-11-01 THOMAS FORESE JR.

Financial Data on SBERA PENSION PLAN AS ADOPTED BY LEE BANK

Measure	Date	Value
2023 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2023 401k financial data
Total income from all sources	2023-10-31	$235,610
Expenses. Total of all expenses incurred	2023-10-31	$433,041
Benefits paid (including direct rollovers)	2023-10-31	$433,041
Total plan assets at end of year	2023-10-31	$4,014,327
Total plan assets at beginning of year	2023-10-31	$4,211,758
Value of fidelity bond covering the plan	2023-10-31	$500,000
Other income received	2023-10-31	$235,610
Net income (gross income less expenses)	2023-10-31	$-197,431
Net plan assets at end of year (total assets less liabilities)	2023-10-31	$4,014,327
Net plan assets at beginning of year (total assets less liabilities)	2023-10-31	$4,211,758
2022 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2022 401k financial data
Total income from all sources	2022-10-31	$-1,019,129
Expenses. Total of all expenses incurred	2022-10-31	$792,778
Benefits paid (including direct rollovers)	2022-10-31	$792,778
Total plan assets at end of year	2022-10-31	$4,211,758
Total plan assets at beginning of year	2022-10-31	$6,023,665
Value of fidelity bond covering the plan	2022-10-31	$500,000
Other income received	2022-10-31	$-1,019,129
Net income (gross income less expenses)	2022-10-31	$-1,811,907
Net plan assets at end of year (total assets less liabilities)	2022-10-31	$4,211,758
Net plan assets at beginning of year (total assets less liabilities)	2022-10-31	$6,023,665
2021 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2021 401k financial data
Total income from all sources	2021-10-31	$1,504,174
Expenses. Total of all expenses incurred	2021-10-31	$2,184,290
Benefits paid (including direct rollovers)	2021-10-31	$2,184,290
Total plan assets at end of year	2021-10-31	$6,023,665
Total plan assets at beginning of year	2021-10-31	$6,703,781
Value of fidelity bond covering the plan	2021-10-31	$500,000
Other income received	2021-10-31	$1,504,174
Net income (gross income less expenses)	2021-10-31	$-680,116
Net plan assets at end of year (total assets less liabilities)	2021-10-31	$6,023,665
Net plan assets at beginning of year (total assets less liabilities)	2021-10-31	$6,703,781
2020 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2020 401k financial data
Total income from all sources	2020-10-31	$780,744
Expenses. Total of all expenses incurred	2020-10-31	$277,283
Benefits paid (including direct rollovers)	2020-10-31	$277,283
Total plan assets at end of year	2020-10-31	$6,703,781
Total plan assets at beginning of year	2020-10-31	$6,200,320
Value of fidelity bond covering the plan	2020-10-31	$500,000
Other income received	2020-10-31	$213,744
Net income (gross income less expenses)	2020-10-31	$503,461
Net plan assets at end of year (total assets less liabilities)	2020-10-31	$6,703,781
Net plan assets at beginning of year (total assets less liabilities)	2020-10-31	$6,200,320
Total contributions received or receivable from employer(s)	2020-10-31	$567,000
2019 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2019 401k financial data
Total income from all sources	2019-10-31	$1,144,886
Expenses. Total of all expenses incurred	2019-10-31	$1,855,869
Benefits paid (including direct rollovers)	2019-10-31	$1,855,869
Total plan assets at end of year	2019-10-31	$6,200,320
Total plan assets at beginning of year	2019-10-31	$6,911,303
Value of fidelity bond covering the plan	2019-10-31	$500,000
Other income received	2019-10-31	$669,886
Net income (gross income less expenses)	2019-10-31	$-710,983
Net plan assets at end of year (total assets less liabilities)	2019-10-31	$6,200,320
Net plan assets at beginning of year (total assets less liabilities)	2019-10-31	$6,911,303
Total contributions received or receivable from employer(s)	2019-10-31	$475,000
2017 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2017 401k financial data
Total income from all sources	2017-10-31	$904,668
Expenses. Total of all expenses incurred	2017-10-31	$320,176
Benefits paid (including direct rollovers)	2017-10-31	$320,176
Total plan assets at end of year	2017-10-31	$7,156,723
Total plan assets at beginning of year	2017-10-31	$6,572,231
Value of fidelity bond covering the plan	2017-10-31	$500,000
Other income received	2017-10-31	$904,668
Net income (gross income less expenses)	2017-10-31	$584,492
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$7,156,723
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$6,572,231
2016 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2016 401k financial data
Total income from all sources	2016-10-31	$1,155,174
Expenses. Total of all expenses incurred	2016-10-31	$361,535
Benefits paid (including direct rollovers)	2016-10-31	$361,535
Total plan assets at end of year	2016-10-31	$6,572,231
Total plan assets at beginning of year	2016-10-31	$5,778,592
Value of fidelity bond covering the plan	2016-10-31	$500,000
Other income received	2016-10-31	$205,174
Net income (gross income less expenses)	2016-10-31	$793,639
Net plan assets at end of year (total assets less liabilities)	2016-10-31	$6,572,231
Net plan assets at beginning of year (total assets less liabilities)	2016-10-31	$5,778,592
Total contributions received or receivable from employer(s)	2016-10-31	$950,000
2015 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2015 401k financial data
Total income from all sources	2015-10-31	$355,239
Expenses. Total of all expenses incurred	2015-10-31	$708,332
Benefits paid (including direct rollovers)	2015-10-31	$708,332
Total plan assets at end of year	2015-10-31	$5,778,592
Total plan assets at beginning of year	2015-10-31	$6,131,685
Value of fidelity bond covering the plan	2015-10-31	$500,000
Other income received	2015-10-31	$-49,761
Net income (gross income less expenses)	2015-10-31	$-353,093
Net plan assets at end of year (total assets less liabilities)	2015-10-31	$5,778,592
Net plan assets at beginning of year (total assets less liabilities)	2015-10-31	$6,131,685
Total contributions received or receivable from employer(s)	2015-10-31	$405,000
2014 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2014 401k financial data
Total income from all sources	2014-10-31	$350,134
Expenses. Total of all expenses incurred	2014-10-31	$444,957
Benefits paid (including direct rollovers)	2014-10-31	$444,957
Total plan assets at end of year	2014-10-31	$6,131,685
Total plan assets at beginning of year	2014-10-31	$6,226,508
Value of fidelity bond covering the plan	2014-10-31	$500,000
Other income received	2014-10-31	$350,134
Net income (gross income less expenses)	2014-10-31	$-94,823
Net plan assets at end of year (total assets less liabilities)	2014-10-31	$6,131,685
Net plan assets at beginning of year (total assets less liabilities)	2014-10-31	$6,226,508
2013 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2013 401k financial data
Total income from all sources	2013-10-31	$922,658
Expenses. Total of all expenses incurred	2013-10-31	$309,072
Benefits paid (including direct rollovers)	2013-10-31	$309,072
Total plan assets at end of year	2013-10-31	$6,226,508
Total plan assets at beginning of year	2013-10-31	$5,612,922
Value of fidelity bond covering the plan	2013-10-31	$500,000
Other income received	2013-10-31	$922,658
Net income (gross income less expenses)	2013-10-31	$613,586
Net plan assets at end of year (total assets less liabilities)	2013-10-31	$6,226,508
Net plan assets at beginning of year (total assets less liabilities)	2013-10-31	$5,612,922
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-10-31	$0
2012 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2012 401k financial data
Total income from all sources	2012-10-31	$498,092
Expenses. Total of all expenses incurred	2012-10-31	$669,939
Benefits paid (including direct rollovers)	2012-10-31	$669,939
Total plan assets at end of year	2012-10-31	$5,612,922
Total plan assets at beginning of year	2012-10-31	$5,784,769
Value of fidelity bond covering the plan	2012-10-31	$578,477
Other income received	2012-10-31	$498,092
Net income (gross income less expenses)	2012-10-31	$-171,847
Net plan assets at end of year (total assets less liabilities)	2012-10-31	$5,612,922
Net plan assets at beginning of year (total assets less liabilities)	2012-10-31	$5,784,769
Total contributions received or receivable from employer(s)	2012-10-31	$0
2011 : SBERA PENSION PLAN AS ADOPTED BY LEE BANK 2011 401k financial data
Total income from all sources	2011-10-31	$197,778
Expenses. Total of all expenses incurred	2011-10-31	$50,152
Benefits paid (including direct rollovers)	2011-10-31	$50,152
Total plan assets at end of year	2011-10-31	$5,784,769
Total plan assets at beginning of year	2011-10-31	$5,637,143
Value of fidelity bond covering the plan	2011-10-31	$500,000
Other income received	2011-10-31	$197,778
Net income (gross income less expenses)	2011-10-31	$147,626
Net plan assets at end of year (total assets less liabilities)	2011-10-31	$5,784,769
Net plan assets at beginning of year (total assets less liabilities)	2011-10-31	$5,637,143
Total contributions received or receivable from employer(s)	2011-10-31	$0

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY LEE BANK

2022: SBERA PENSION PLAN AS ADOPTED BY LEE 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 LEE 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 LEE 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 LEE 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 LEE 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 LEE 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 LEE 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 LEE 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 LEE 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 LEE 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 LEE 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 LEE 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
2009: SBERA PENSION PLAN AS ADOPTED BY LEE 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:	LEE BANK
Employer identification number (EIN):	043158399
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Commonwealth of Massachusetts Corporations Division
Incorporation Date:
Company Identification Number:	001004860

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	2009-11-01	THOMAS FORESE JR.