SPRING BANCORP, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan BANK OF SPRINGFIELD EMPLOYEE STOCK OWNERSHIP PLAN
401k plan membership statisitcs for BANK OF SPRINGFIELD EMPLOYEE STOCK OWNERSHIP PLAN
| Measure | Date | Value |
|---|
| 2022 : BANK OF SPRINGFIELD EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $177,906 |
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $177,906 |
| Total income from all sources (including contributions) | 2022-12-31 | $1,214,739 |
| Total of all expenses incurred | 2022-12-31 | $16,065 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $16,065 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,030,945 |
| Value of total assets at end of year | 2022-12-31 | $1,965,875 |
| Value of total assets at beginning of year | 2022-12-31 | $767,201 |
| Total interest from all sources | 2022-12-31 | $2 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $5,886 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Total non interest bearing cash at end of year | 2022-12-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $1,198,674 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $1,965,875 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $767,201 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $5,888 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $2 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Assets. Invements in employer securities at end of year | 2022-12-31 | $1,959,987 |
| Assets. Invements in employer securities at beginning of year | 2022-12-31 | $767,201 |
| Contributions received in cash from employer | 2022-12-31 | $1,030,945 |
| Income. Dividends from common stock | 2022-12-31 | $5,886 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $16,065 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | SIKICH LLP |
| Accountancy firm EIN | 2022-12-31 | 363168081 |
| 2021 : BANK OF SPRINGFIELD EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data |
|---|
| Total income from all sources (including contributions) | 2021-12-31 | $767,201 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $767,201 |
| Value of total assets at end of year | 2021-12-31 | $767,201 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $767,201 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $767,201 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Assets. Invements in employer securities at end of year | 2021-12-31 | $767,201 |
| Contributions received in cash from employer | 2021-12-31 | $767,201 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | SIKICH LLP |
| Accountancy firm EIN | 2021-12-31 | 363168081 |
