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SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 401k Plan overview

Plan NameSBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON
Plan identification number 002

SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON Benefits

401k Plan TypeDefined 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.
  • 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

THE BANK OF CANTON has sponsored the creation of one or more 401k plans.

Company Name:THE BANK OF CANTON
Employer identification number (EIN):200935064
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 THE BANK OF CANTON

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01THOMAS FORESE JR.
0022017-01-01THOMAS FORESE, JR.
0022016-01-01THOMAS FORESE, JR.
0022015-01-01THOMAS FORESE, JR.
0022014-01-01THOMAS FORESE, JR.
0022013-01-01THOMAS FORESE JR
0022012-01-01THOMAS FORESE JR.
0022011-01-01THOMAS FORESE JR.
0022009-01-01THOMAS FORESE JR.

Plan Statistics for SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON

401k plan membership statisitcs for SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON

Measure Date Value
2022: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2022 401k membership
Total participants, beginning-of-year2022-01-01169
Total number of active participants reported on line 7a of the Form 55002022-01-0192
Number of retired or separated participants receiving benefits2022-01-014
Number of other retired or separated participants entitled to future benefits2022-01-0172
Total of all active and inactive participants2022-01-01168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01169
Number of participants with account balances2022-01-01161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2021 401k membership
Total participants, beginning-of-year2021-01-01174
Total number of active participants reported on line 7a of the Form 55002021-01-0196
Number of retired or separated participants receiving benefits2021-01-013
Number of other retired or separated participants entitled to future benefits2021-01-0168
Total of all active and inactive participants2021-01-01167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01168
Number of participants with account balances2021-01-01158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2020 401k membership
Total participants, beginning-of-year2020-01-01173
Total number of active participants reported on line 7a of the Form 55002020-01-0199
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0169
Total of all active and inactive participants2020-01-01170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01171
Number of participants with account balances2020-01-01164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2019 401k membership
Total participants, beginning-of-year2019-01-01182
Total number of active participants reported on line 7a of the Form 55002019-01-01107
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0163
Total of all active and inactive participants2019-01-01172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01173
Number of participants with account balances2019-01-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2018 401k membership
Total participants, beginning-of-year2018-01-01200
Total number of active participants reported on line 7a of the Form 55002018-01-01110
Number of retired or separated participants receiving benefits2018-01-012
Number of other retired or separated participants entitled to future benefits2018-01-0168
Total of all active and inactive participants2018-01-01180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01181
Number of participants with account balances2018-01-01177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2017 401k membership
Total participants, beginning-of-year2017-01-01209
Total number of active participants reported on line 7a of the Form 55002017-01-01124
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0175
Total of all active and inactive participants2017-01-01199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01199
Number of participants with account balances2017-01-01191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-014
2016: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2016 401k membership
Total participants, beginning-of-year2016-01-01210
Total number of active participants reported on line 7a of the Form 55002016-01-01141
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0168
Total of all active and inactive participants2016-01-01209
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01209
Number of participants with account balances2016-01-01201
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-015
2015: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2015 401k membership
Total participants, beginning-of-year2015-01-01213
Total number of active participants reported on line 7a of the Form 55002015-01-01150
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0160
Total of all active and inactive participants2015-01-01210
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01210
Number of participants with account balances2015-01-01198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2014 401k membership
Total participants, beginning-of-year2014-01-01211
Total number of active participants reported on line 7a of the Form 55002014-01-01153
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0160
Total of all active and inactive participants2014-01-01213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01213
Number of participants with account balances2014-01-01200
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2013 401k membership
Total participants, beginning-of-year2013-01-01208
Total number of active participants reported on line 7a of the Form 55002013-01-01161
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0150
Total of all active and inactive participants2013-01-01211
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01211
Number of participants with account balances2013-01-01199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2012 401k membership
Total participants, beginning-of-year2012-01-01209
Total number of active participants reported on line 7a of the Form 55002012-01-01160
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0148
Total of all active and inactive participants2012-01-01208
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01208
Number of participants with account balances2012-01-01194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2011 401k membership
Total participants, beginning-of-year2011-01-01206
Number of retired or separated participants receiving benefits2011-01-01160
Number of other retired or separated participants entitled to future benefits2011-01-0149
Total of all active and inactive participants2011-01-01209
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01209
Number of participants with account balances2011-01-01198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2009 401k membership
Total participants, beginning-of-year2009-01-01176
Total number of active participants reported on line 7a of the Form 55002009-01-01169
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0129
Total of all active and inactive participants2009-01-01198
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01198
Number of participants with account balances2009-01-01181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON

Measure Date Value
2022 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-3,972,258
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$722,786
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$722,536
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,514,417
Value of total assets at end of year2022-12-31$26,895,552
Value of total assets at beginning of year2022-12-31$31,590,596
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$250
Total interest from all sources2022-12-31$20,478
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$851,359
Participant contributions at end of year2022-12-31$361,992
Participant contributions at beginning of year2022-12-31$462,182
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$362,471
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-4,695,044
Value of net assets at end of year (total assets less liabilities)2022-12-31$26,895,552
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$31,590,596
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Interest on participant loans2022-12-31$20,478
Value of interest in common/collective trusts at end of year2022-12-31$26,533,560
Value of interest in common/collective trusts at beginning of year2022-12-31$31,128,414
Net investment gain or loss from common/collective trusts2022-12-31$-5,507,153
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$300,587
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$722,536
Contract administrator fees2022-12-31$250
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2022-12-31203985546
2021 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$5,524,316
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,489,731
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,489,241
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,236,304
Value of total assets at end of year2021-12-31$31,590,596
Value of total assets at beginning of year2021-12-31$29,556,011
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$490
Total interest from all sources2021-12-31$22,800
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$918,984
Participant contributions at end of year2021-12-31$462,182
Participant contributions at beginning of year2021-12-31$424,276
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$23,570
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$2,034,585
Value of net assets at end of year (total assets less liabilities)2021-12-31$31,590,596
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$29,556,011
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Interest on participant loans2021-12-31$22,800
Value of interest in common/collective trusts at end of year2021-12-31$31,128,414
Value of interest in common/collective trusts at beginning of year2021-12-31$29,131,735
Net investment gain or loss from common/collective trusts2021-12-31$4,265,212
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$293,750
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,489,241
Contract administrator fees2021-12-31$490
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2021-12-31203985546
2020 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$4,724,918
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$3,136,634
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,136,044
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,229,849
Value of total assets at end of year2020-12-31$29,556,011
Value of total assets at beginning of year2020-12-31$27,967,727
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$590
Total interest from all sources2020-12-31$27,635
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$926,947
Participant contributions at end of year2020-12-31$424,276
Participant contributions at beginning of year2020-12-31$520,395
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,588,284
Value of net assets at end of year (total assets less liabilities)2020-12-31$29,556,011
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$27,967,727
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Interest on participant loans2020-12-31$27,635
Value of interest in common/collective trusts at end of year2020-12-31$29,131,735
Value of interest in common/collective trusts at beginning of year2020-12-31$27,447,332
Net investment gain or loss from common/collective trusts2020-12-31$3,467,434
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$302,902
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,136,044
Contract administrator fees2020-12-31$590
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2020-12-31203985546
2019 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$6,286,629
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$2,553,632
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,552,562
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,402,416
Value of total assets at end of year2019-12-31$27,967,727
Value of total assets at beginning of year2019-12-31$24,234,730
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,070
Total interest from all sources2019-12-31$27,766
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$904,337
Participant contributions at end of year2019-12-31$520,395
Participant contributions at beginning of year2019-12-31$448,885
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$184,043
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$3,732,997
Value of net assets at end of year (total assets less liabilities)2019-12-31$27,967,727
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$24,234,730
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Interest on participant loans2019-12-31$27,766
Value of interest in common/collective trusts at end of year2019-12-31$27,447,332
Value of interest in common/collective trusts at beginning of year2019-12-31$23,785,845
Net investment gain or loss from common/collective trusts2019-12-31$4,856,447
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$314,036
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,552,562
Contract administrator fees2019-12-31$1,070
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2019-12-31203985546
2018 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$337,060
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$3,107,384
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$3,106,884
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,270,355
Value of total assets at end of year2018-12-31$24,234,730
Value of total assets at beginning of year2018-12-31$27,005,054
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$500
Total interest from all sources2018-12-31$26,879
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$930,151
Participant contributions at end of year2018-12-31$448,885
Participant contributions at beginning of year2018-12-31$618,258
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$8,737
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-2,770,324
Value of net assets at end of year (total assets less liabilities)2018-12-31$24,234,730
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$27,005,054
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Interest on participant loans2018-12-31$26,879
Value of interest in common/collective trusts at end of year2018-12-31$23,785,845
Value of interest in common/collective trusts at beginning of year2018-12-31$26,386,796
Net investment gain or loss from common/collective trusts2018-12-31$-960,174
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$331,467
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$3,106,884
Contract administrator fees2018-12-31$500
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2018-12-31203985546
2017 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$5,415,868
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,371,517
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,371,219
Expenses. Certain deemed distributions of participant loans2017-12-31$298
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,568,350
Value of total assets at end of year2017-12-31$27,005,054
Value of total assets at beginning of year2017-12-31$22,960,703
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$0
Total interest from all sources2017-12-31$31,071
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,050,847
Participant contributions at end of year2017-12-31$618,258
Participant contributions at beginning of year2017-12-31$720,362
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$148,448
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$4,044,351
Value of net assets at end of year (total assets less liabilities)2017-12-31$27,005,054
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$22,960,703
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Interest on participant loans2017-12-31$31,071
Value of interest in common/collective trusts at end of year2017-12-31$26,386,796
Value of interest in common/collective trusts at beginning of year2017-12-31$22,240,341
Net investment gain or loss from common/collective trusts2017-12-31$3,816,447
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$369,055
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,371,219
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2017-12-31203985546
2016 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$4,033,403
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$652,798
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$639,563
Expenses. Certain deemed distributions of participant loans2016-12-31$13,235
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,312,249
Value of total assets at end of year2016-12-31$22,960,703
Value of total assets at beginning of year2016-12-31$19,580,098
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$0
Total interest from all sources2016-12-31$27,651
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,146,481
Participant contributions at end of year2016-12-31$720,362
Participant contributions at beginning of year2016-12-31$612,729
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$760,227
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$3,380,605
Value of net assets at end of year (total assets less liabilities)2016-12-31$22,960,703
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$19,580,098
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Interest on participant loans2016-12-31$27,651
Value of interest in common/collective trusts at end of year2016-12-31$22,240,341
Value of interest in common/collective trusts at beginning of year2016-12-31$18,967,369
Net investment gain or loss from common/collective trusts2016-12-31$1,693,503
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$405,541
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$639,563
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31No
Opinion of an independent qualified public accountant for this plan2016-12-31Unqualified
Accountancy firm name2016-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2016-12-31203985546
2015 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,361,333
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$2,193,631
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$2,152,172
Expenses. Certain deemed distributions of participant loans2015-12-31$41,459
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,587,868
Value of total assets at end of year2015-12-31$19,580,098
Value of total assets at beginning of year2015-12-31$20,412,396
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$0
Total interest from all sources2015-12-31$27,293
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,154,909
Participant contributions at end of year2015-12-31$612,729
Participant contributions at beginning of year2015-12-31$599,611
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$13,419
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-832,298
Value of net assets at end of year (total assets less liabilities)2015-12-31$19,580,098
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$20,412,396
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Interest on participant loans2015-12-31$27,293
Value of interest in common/collective trusts at end of year2015-12-31$18,967,369
Value of interest in common/collective trusts at beginning of year2015-12-31$19,812,785
Net investment gain or loss from common/collective trusts2015-12-31$-253,828
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$419,540
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$2,152,172
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31No
Opinion of an independent qualified public accountant for this plan2015-12-31Unqualified
Accountancy firm name2015-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2015-12-31203985546
2014 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$2,434,401
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$969,326
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$950,161
Expenses. Certain deemed distributions of participant loans2014-12-31$19,165
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,526,628
Value of total assets at end of year2014-12-31$20,412,396
Value of total assets at beginning of year2014-12-31$18,947,321
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$0
Total interest from all sources2014-12-31$25,814
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,041,649
Participant contributions at end of year2014-12-31$599,611
Participant contributions at beginning of year2014-12-31$630,848
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$94,568
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,465,075
Value of net assets at end of year (total assets less liabilities)2014-12-31$20,412,396
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$18,947,321
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Interest on participant loans2014-12-31$25,814
Value of interest in common/collective trusts at end of year2014-12-31$19,812,785
Value of interest in common/collective trusts at beginning of year2014-12-31$18,316,473
Net investment gain or loss from common/collective trusts2014-12-31$881,959
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$390,411
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$950,161
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN2014-12-31203985546
2013 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$4,702,455
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$436,689
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$434,646
Expenses. Certain deemed distributions of participant loans2013-12-31$2,043
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,564,051
Value of total assets at end of year2013-12-31$18,947,321
Value of total assets at beginning of year2013-12-31$14,681,555
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$0
Total interest from all sources2013-12-31$24,290
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,103,994
Participant contributions at end of year2013-12-31$630,848
Participant contributions at beginning of year2013-12-31$470,588
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$43,250
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$4,265,766
Value of net assets at end of year (total assets less liabilities)2013-12-31$18,947,321
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$14,681,555
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Interest on participant loans2013-12-31$24,290
Value of interest in common/collective trusts at end of year2013-12-31$18,316,473
Value of interest in common/collective trusts at beginning of year2013-12-31$14,210,967
Net investment gain or loss from common/collective trusts2013-12-31$3,114,114
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$416,807
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$434,646
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31MARCUM LLP
Accountancy firm EIN2013-12-31111986323
2012 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$3,151,030
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,281,300
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,281,300
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,575,292
Value of total assets at end of year2012-12-31$14,681,555
Value of total assets at beginning of year2012-12-31$12,811,825
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$0
Total interest from all sources2012-12-31$19,916
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,131,674
Participant contributions at end of year2012-12-31$470,588
Participant contributions at beginning of year2012-12-31$443,161
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$12,976
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,869,730
Value of net assets at end of year (total assets less liabilities)2012-12-31$14,681,555
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$12,811,825
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Interest on participant loans2012-12-31$19,916
Value of interest in common/collective trusts at end of year2012-12-31$14,210,967
Value of interest in common/collective trusts at beginning of year2012-12-31$12,368,664
Net investment gain or loss from common/collective trusts2012-12-31$1,555,822
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$430,642
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,281,300
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31MARCUM LLP
Accountancy firm EIN2012-12-31111986323
2011 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,651,034
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$516,702
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$496,943
Expenses. Certain deemed distributions of participant loans2011-12-31$19,759
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,671,894
Value of total assets at end of year2011-12-31$12,811,825
Value of total assets at beginning of year2011-12-31$11,677,493
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$0
Total interest from all sources2011-12-31$19,422
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,003,207
Participant contributions at end of year2011-12-31$443,161
Participant contributions at beginning of year2011-12-31$394,728
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$273,149
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,134,332
Value of net assets at end of year (total assets less liabilities)2011-12-31$12,811,825
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$11,677,493
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Interest on participant loans2011-12-31$19,422
Value of interest in common/collective trusts at end of year2011-12-31$12,368,664
Value of interest in common/collective trusts at beginning of year2011-12-31$11,282,765
Net investment gain or loss from common/collective trusts2011-12-31$-40,282
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$395,538
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$496,943
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31PARENT, MCLAUGHLIN & NANGLE, INC.
Accountancy firm EIN2011-12-31042603383
2010 : SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$2,700,347
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$207,036
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$207,036
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,455,172
Value of total assets at end of year2010-12-31$11,677,493
Value of total assets at beginning of year2010-12-31$9,184,182
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$0
Total interest from all sources2010-12-31$19,772
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,016,170
Participant contributions at end of year2010-12-31$394,728
Participant contributions at beginning of year2010-12-31$376,659
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$33,103
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,493,311
Value of net assets at end of year (total assets less liabilities)2010-12-31$11,677,493
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$9,184,182
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Interest on participant loans2010-12-31$19,772
Value of interest in common/collective trusts at end of year2010-12-31$11,282,765
Value of interest in common/collective trusts at beginning of year2010-12-31$8,807,523
Net investment gain or loss from common/collective trusts2010-12-31$1,225,403
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$405,899
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$207,036
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31PARENT, MCLAUGHLIN & NANGLE, INC.
Accountancy firm EIN2010-12-31042603383

Form 5500 Responses for SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON

2022: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedYes
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SBERA 401(K) PLAN AS ADOPTED BY THE BANK OF CANTON 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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