401k Plan data: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK plan

SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 401k Plan overview

Plan Name	SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK
Plan identification number	001

SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related

401k Sponsoring company profile

MARTHA'S VINEYARD BANK has sponsored the creation of one or more 401k plans.

Company Name: MARTHA'S VINEYARD BANK

Employer identification number (EIN): 862942879

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-11-01
001 2020-11-01
001 2019-11-01

Plan Statistics for SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK

401k plan membership statisitcs for SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK

Measure Date Value
2022: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2022 401k membership
Market value of plan assets 2022-10-31 28,313,647
Acturial value of plan assets 2022-10-31 28,313,647
Funding target for retired participants and beneficiaries receiving payment 2022-10-31 3,342,466
Number of terminated vested participants 2022-10-31 69
Fundng target for terminated vested participants 2022-10-31 3,148,486
Active participant vested funding target 2022-10-31 6,588,374
Number of active participants 2022-10-31 90
Total funding liabilities for active participants 2022-10-31 6,704,890
Total participant count 2022-10-31 179
Total funding target for all participants 2022-10-31 13,195,842
Balance at beginning of prior year after applicable adjustments 2022-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-10-31 0
Amount remaining of carryover balance 2022-10-31 0
Amount remaining of prefunding balance 2022-10-31 0
Present value of excess contributions 2022-10-31 7,772,200
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-10-31 8,202,780
Balance of carryovers at beginning of current year 2022-10-31 0
Balance of prefunding at beginning of current year 2022-10-31 0
Total employer contributions 2022-10-31 450,000
Total employee contributions 2022-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-10-31 445,361
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-10-31 0
Remaining amount of unpaid minimum required contributions 2022-10-31 0
Minimum required contributions for current year target normal cost 2022-10-31 1,130,791
Total funding amount beforereflecting carryover/prefunding balances 2022-10-31 0
Additional cash requirement 2022-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-10-31 445,361
Unpaid minimum required contributions for current year 2022-10-31 0
Unpaid minimum required contributions for all years 2022-10-31 0
2021: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2021 401k membership
Total participants, beginning-of-year 2021-11-01 179
Total number of active participants reported on line 7a of the Form 5500 2021-11-01 90
Number of retired or separated participants receiving benefits 2021-11-01 23
Number of other retired or separated participants entitled to future benefits 2021-11-01 67
Total of all active and inactive participants 2021-11-01 180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-11-01 0
Total participants 2021-11-01 180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-11-01 0
Market value of plan assets 2021-10-31 16,506,499
Acturial value of plan assets 2021-10-31 16,506,499
Funding target for retired participants and beneficiaries receiving payment 2021-10-31 2,803,835
Number of terminated vested participants 2021-10-31 70
Fundng target for terminated vested participants 2021-10-31 3,032,513
Active participant vested funding target 2021-10-31 5,294,122
Number of active participants 2021-10-31 98
Total funding liabilities for active participants 2021-10-31 5,429,110
Total participant count 2021-10-31 185
Total funding target for all participants 2021-10-31 11,265,458
Balance at beginning of prior year after applicable adjustments 2021-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-10-31 0
Amount remaining of carryover balance 2021-10-31 0
Amount remaining of prefunding balance 2021-10-31 0
Present value of excess contributions 2021-10-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-10-31 0
Balance of carryovers at beginning of current year 2021-10-31 0
Balance of prefunding at beginning of current year 2021-10-31 0
Total employer contributions 2021-10-31 7,860,000
Total employee contributions 2021-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-10-31 7,772,200
Remaining amount of unpaid minimum required contributions 2021-10-31 0
Minimum required contributions for current year target normal cost 2021-10-31 835,183
Total funding amount beforereflecting carryover/prefunding balances 2021-10-31 0
Additional cash requirement 2021-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-10-31 7,772,200
Unpaid minimum required contributions for current year 2021-10-31 0
Unpaid minimum required contributions for all years 2021-10-31 0
2020: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2020 401k membership
Total participants, beginning-of-year 2020-11-01 185
Total number of active participants reported on line 7a of the Form 5500 2020-11-01 90
Number of retired or separated participants receiving benefits 2020-11-01 19
Number of other retired or separated participants entitled to future benefits 2020-11-01 68
Total of all active and inactive participants 2020-11-01 177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-11-01 1
Total participants 2020-11-01 178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-11-01 2
Market value of plan assets 2020-10-31 16,444,365
Acturial value of plan assets 2020-10-31 16,444,365
Funding target for retired participants and beneficiaries receiving payment 2020-10-31 1,660,989
Number of terminated vested participants 2020-10-31 76
Fundng target for terminated vested participants 2020-10-31 3,426,699
Active participant vested funding target 2020-10-31 4,544,018
Number of active participants 2020-10-31 97
Total funding liabilities for active participants 2020-10-31 4,765,207
Total participant count 2020-10-31 184
Total funding target for all participants 2020-10-31 9,852,895
Balance at beginning of prior year after applicable adjustments 2020-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-10-31 0
Amount remaining of carryover balance 2020-10-31 0
Amount remaining of prefunding balance 2020-10-31 0
Present value of excess contributions 2020-10-31 1,777,477
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-10-31 1,881,993
Balance of carryovers at beginning of current year 2020-10-31 0
Balance of prefunding at beginning of current year 2020-10-31 0
Total employer contributions 2020-10-31 0
Total employee contributions 2020-10-31 0
Remaining amount of unpaid minimum required contributions 2020-10-31 0
Minimum required contributions for current year target normal cost 2020-10-31 621,230
Total funding amount beforereflecting carryover/prefunding balances 2020-10-31 0
Additional cash requirement 2020-10-31 0
Unpaid minimum required contributions for current year 2020-10-31 0
Unpaid minimum required contributions for all years 2020-10-31 0
2019: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2019 401k membership
Total participants, beginning-of-year 2019-11-01 184
Total number of active participants reported on line 7a of the Form 5500 2019-11-01 98
Number of retired or separated participants receiving benefits 2019-11-01 17
Number of other retired or separated participants entitled to future benefits 2019-11-01 70
Total of all active and inactive participants 2019-11-01 185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-11-01 0
Total participants 2019-11-01 185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-11-01 1

Measure	Date	Value
2022: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2022 401k membership
Market value of plan assets	2022-10-31	28,313,647
Acturial value of plan assets	2022-10-31	28,313,647
Funding target for retired participants and beneficiaries receiving payment	2022-10-31	3,342,466
Number of terminated vested participants	2022-10-31	69
Fundng target for terminated vested participants	2022-10-31	3,148,486
Active participant vested funding target	2022-10-31	6,588,374
Number of active participants	2022-10-31	90
Total funding liabilities for active participants	2022-10-31	6,704,890
Total participant count	2022-10-31	179
Total funding target for all participants	2022-10-31	13,195,842
Balance at beginning of prior year after applicable adjustments	2022-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-10-31	0
Amount remaining of carryover balance	2022-10-31	0
Amount remaining of prefunding balance	2022-10-31	0
Present value of excess contributions	2022-10-31	7,772,200
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-10-31	8,202,780
Balance of carryovers at beginning of current year	2022-10-31	0
Balance of prefunding at beginning of current year	2022-10-31	0
Total employer contributions	2022-10-31	450,000
Total employee contributions	2022-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-10-31	445,361
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-10-31	0
Remaining amount of unpaid minimum required contributions	2022-10-31	0
Minimum required contributions for current year target normal cost	2022-10-31	1,130,791
Total funding amount beforereflecting carryover/prefunding balances	2022-10-31	0
Additional cash requirement	2022-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-10-31	445,361
Unpaid minimum required contributions for current year	2022-10-31	0
Unpaid minimum required contributions for all years	2022-10-31	0
2021: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2021 401k membership
Total participants, beginning-of-year	2021-11-01	179
Total number of active participants reported on line 7a of the Form 5500	2021-11-01	90
Number of retired or separated participants receiving benefits	2021-11-01	23
Number of other retired or separated participants entitled to future benefits	2021-11-01	67
Total of all active and inactive participants	2021-11-01	180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-11-01	0
Total participants	2021-11-01	180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-11-01	0
Market value of plan assets	2021-10-31	16,506,499
Acturial value of plan assets	2021-10-31	16,506,499
Funding target for retired participants and beneficiaries receiving payment	2021-10-31	2,803,835
Number of terminated vested participants	2021-10-31	70
Fundng target for terminated vested participants	2021-10-31	3,032,513
Active participant vested funding target	2021-10-31	5,294,122
Number of active participants	2021-10-31	98
Total funding liabilities for active participants	2021-10-31	5,429,110
Total participant count	2021-10-31	185
Total funding target for all participants	2021-10-31	11,265,458
Balance at beginning of prior year after applicable adjustments	2021-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-10-31	0
Amount remaining of carryover balance	2021-10-31	0
Amount remaining of prefunding balance	2021-10-31	0
Present value of excess contributions	2021-10-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-10-31	0
Balance of carryovers at beginning of current year	2021-10-31	0
Balance of prefunding at beginning of current year	2021-10-31	0
Total employer contributions	2021-10-31	7,860,000
Total employee contributions	2021-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-10-31	7,772,200
Remaining amount of unpaid minimum required contributions	2021-10-31	0
Minimum required contributions for current year target normal cost	2021-10-31	835,183
Total funding amount beforereflecting carryover/prefunding balances	2021-10-31	0
Additional cash requirement	2021-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-10-31	7,772,200
Unpaid minimum required contributions for current year	2021-10-31	0
Unpaid minimum required contributions for all years	2021-10-31	0
2020: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2020 401k membership
Total participants, beginning-of-year	2020-11-01	185
Total number of active participants reported on line 7a of the Form 5500	2020-11-01	90
Number of retired or separated participants receiving benefits	2020-11-01	19
Number of other retired or separated participants entitled to future benefits	2020-11-01	68
Total of all active and inactive participants	2020-11-01	177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-11-01	1
Total participants	2020-11-01	178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-11-01	2
Market value of plan assets	2020-10-31	16,444,365
Acturial value of plan assets	2020-10-31	16,444,365
Funding target for retired participants and beneficiaries receiving payment	2020-10-31	1,660,989
Number of terminated vested participants	2020-10-31	76
Fundng target for terminated vested participants	2020-10-31	3,426,699
Active participant vested funding target	2020-10-31	4,544,018
Number of active participants	2020-10-31	97
Total funding liabilities for active participants	2020-10-31	4,765,207
Total participant count	2020-10-31	184
Total funding target for all participants	2020-10-31	9,852,895
Balance at beginning of prior year after applicable adjustments	2020-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-10-31	0
Amount remaining of carryover balance	2020-10-31	0
Amount remaining of prefunding balance	2020-10-31	0
Present value of excess contributions	2020-10-31	1,777,477
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-10-31	1,881,993
Balance of carryovers at beginning of current year	2020-10-31	0
Balance of prefunding at beginning of current year	2020-10-31	0
Total employer contributions	2020-10-31	0
Total employee contributions	2020-10-31	0
Remaining amount of unpaid minimum required contributions	2020-10-31	0
Minimum required contributions for current year target normal cost	2020-10-31	621,230
Total funding amount beforereflecting carryover/prefunding balances	2020-10-31	0
Additional cash requirement	2020-10-31	0
Unpaid minimum required contributions for current year	2020-10-31	0
Unpaid minimum required contributions for all years	2020-10-31	0
2019: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2019 401k membership
Total participants, beginning-of-year	2019-11-01	184
Total number of active participants reported on line 7a of the Form 5500	2019-11-01	98
Number of retired or separated participants receiving benefits	2019-11-01	17
Number of other retired or separated participants entitled to future benefits	2019-11-01	70
Total of all active and inactive participants	2019-11-01	185
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-11-01	0
Total participants	2019-11-01	185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-11-01	1

Financial Data on SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK

Measure	Date	Value
2022 : SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-10-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-10-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-10-31	$0
Total income from all sources (including contributions)	2022-10-31	$-4,730,253
Total loss/gain on sale of assets	2022-10-31	$0
Total of all expenses incurred	2022-10-31	$1,111,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-10-31	$1,111,514
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-10-31	$450,000
Value of total assets at end of year	2022-10-31	$22,546,640
Value of total assets at beginning of year	2022-10-31	$28,388,407
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-10-31	$0
Total interest from all sources	2022-10-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2022-10-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-10-31	No
Was this plan covered by a fidelity bond	2022-10-31	Yes
Value of fidelity bond cover	2022-10-31	$500,000
If this is an individual account plan, was there a blackout period	2022-10-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-10-31	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	2022-10-31	No
Value of net income/loss	2022-10-31	$-5,841,767
Value of net assets at end of year (total assets less liabilities)	2022-10-31	$22,546,640
Value of net assets at beginning of year (total assets less liabilities)	2022-10-31	$28,388,407
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-10-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-10-31	No
Were any leases to which the plan was party in default or uncollectible	2022-10-31	No
Value of interest in common/collective trusts at end of year	2022-10-31	$22,546,640
Value of interest in common/collective trusts at beginning of year	2022-10-31	$28,388,407
Net investment gain or loss from common/collective trusts	2022-10-31	$-5,180,253
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-10-31	No
Was there a failure to transmit to the plan any participant contributions	2022-10-31	No
Has the plan failed to provide any benefit when due under the plan	2022-10-31	No
Contributions received in cash from employer	2022-10-31	$450,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-10-31	$1,111,514
Did the plan have assets held for investment	2022-10-31	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	2022-10-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-10-31	No
Opinion of an independent qualified public accountant for this plan	2022-10-31	Unqualified
Accountancy firm name	2022-10-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2022-10-31	203985546
2021 : SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-10-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-10-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-10-31	$0
Total income from all sources (including contributions)	2021-10-31	$12,600,428
Total loss/gain on sale of assets	2021-10-31	$0
Total of all expenses incurred	2021-10-31	$770,388
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-10-31	$770,388
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-10-31	$7,860,000
Value of total assets at end of year	2021-10-31	$28,388,407
Value of total assets at beginning of year	2021-10-31	$16,558,367
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-10-31	$0
Total interest from all sources	2021-10-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-10-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-10-31	No
Was this plan covered by a fidelity bond	2021-10-31	Yes
Value of fidelity bond cover	2021-10-31	$500,000
If this is an individual account plan, was there a blackout period	2021-10-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-10-31	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	2021-10-31	No
Value of net income/loss	2021-10-31	$11,830,040
Value of net assets at end of year (total assets less liabilities)	2021-10-31	$28,388,407
Value of net assets at beginning of year (total assets less liabilities)	2021-10-31	$16,558,367
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-10-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-10-31	No
Were any leases to which the plan was party in default or uncollectible	2021-10-31	No
Value of interest in common/collective trusts at end of year	2021-10-31	$28,388,407
Value of interest in common/collective trusts at beginning of year	2021-10-31	$16,558,367
Net investment gain or loss from common/collective trusts	2021-10-31	$4,740,428
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-10-31	No
Was there a failure to transmit to the plan any participant contributions	2021-10-31	No
Has the plan failed to provide any benefit when due under the plan	2021-10-31	No
Contributions received in cash from employer	2021-10-31	$7,860,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-10-31	$770,388
Did the plan have assets held for investment	2021-10-31	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	2021-10-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-10-31	No
Opinion of an independent qualified public accountant for this plan	2021-10-31	Unqualified
Accountancy firm name	2021-10-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2021-10-31	203985546
2020 : SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-10-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-10-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-10-31	$0
Total income from all sources (including contributions)	2020-10-31	$559,501
Total loss/gain on sale of assets	2020-10-31	$0
Total of all expenses incurred	2020-10-31	$482,220
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-10-31	$482,220
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-10-31	$0
Value of total assets at end of year	2020-10-31	$16,558,367
Value of total assets at beginning of year	2020-10-31	$16,481,086
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-10-31	$0
Total interest from all sources	2020-10-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-10-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-10-31	No
Was this plan covered by a fidelity bond	2020-10-31	Yes
Value of fidelity bond cover	2020-10-31	$500,000
If this is an individual account plan, was there a blackout period	2020-10-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-10-31	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	2020-10-31	No
Value of net income/loss	2020-10-31	$77,281
Value of net assets at end of year (total assets less liabilities)	2020-10-31	$16,558,367
Value of net assets at beginning of year (total assets less liabilities)	2020-10-31	$16,481,086
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-10-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-10-31	No
Were any leases to which the plan was party in default or uncollectible	2020-10-31	No
Value of interest in common/collective trusts at end of year	2020-10-31	$16,558,367
Value of interest in common/collective trusts at beginning of year	2020-10-31	$14,581,086
Net investment gain or loss from common/collective trusts	2020-10-31	$559,501
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-10-31	No
Was there a failure to transmit to the plan any participant contributions	2020-10-31	No
Has the plan failed to provide any benefit when due under the plan	2020-10-31	No
Employer contributions (assets) at beginning of year	2020-10-31	$1,900,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-10-31	$482,220
Did the plan have assets held for investment	2020-10-31	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	2020-10-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-10-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2020-10-31	No
Opinion of an independent qualified public accountant for this plan	2020-10-31	Unqualified
Accountancy firm name	2020-10-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2020-10-31	203985546

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD BANK

2021: SBERA PENSION PLAN AS ADOPTED BY MARTHA'S VINEYARD 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 MARTHA'S VINEYARD 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 MARTHA'S VINEYARD 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

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Company Name:	MARTHA'S VINEYARD BANK
Employer identification number (EIN):	862942879
NAIC Classification:	522120
NAIC Description:	Savings Institutions