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MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameMELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:MELROSE COOPERATIVE BANK
Employer identification number (EIN):041611080
NAIC Classification:522190
NAIC Description:Other Depository Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01SHIRLEY KELLEY
0022016-01-01SHIRLEY KELLEY
0022015-01-01SHIRLEY KELLEY
0022014-01-01SHIRLEY KELLEY

Plan Statistics for MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0131
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-010
Number of participants with account balances2020-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0126
Total number of active participants reported on line 7a of the Form 55002019-01-0126
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-014
Total of all active and inactive participants2019-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0131
Number of participants with account balances2019-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0125
Total number of active participants reported on line 7a of the Form 55002018-01-0123
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-013
Total of all active and inactive participants2018-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0126
Number of participants with account balances2018-01-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0124
Total number of active participants reported on line 7a of the Form 55002017-01-0122
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-013
Total of all active and inactive participants2017-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0125
Number of participants with account balances2017-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0122
Total number of active participants reported on line 7a of the Form 55002016-01-0123
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0124
Number of participants with account balances2016-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0122
Total number of active participants reported on line 7a of the Form 55002015-01-0121
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-011
Total of all active and inactive participants2015-01-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0122
Number of participants with account balances2015-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-010
Total number of active participants reported on line 7a of the Form 55002014-01-0122
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0122
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0122
Number of participants with account balances2014-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010

Financial Data on MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2020 : MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$1,916,441
Total income from all sources2020-12-31$101,107
Expenses. Total of all expenses incurred2020-12-31$3,778,801
Benefits paid (including direct rollovers)2020-12-31$3,769,543
Total plan assets at end of year2020-12-31$0
Total plan assets at beginning of year2020-12-31$5,594,135
Value of fidelity bond covering the plan2020-12-31$4,000,000
Other income received2020-12-31$101,107
Net income (gross income less expenses)2020-12-31$-3,677,694
Net plan assets at end of year (total assets less liabilities)2020-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$3,677,694
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$9,258
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$1,916,441
Total plan liabilities at beginning of year2019-12-31$1,968,719
Total income from all sources2019-12-31$1,652,057
Expenses. Total of all expenses incurred2019-12-31$63,983
Total plan assets at end of year2019-12-31$5,594,135
Total plan assets at beginning of year2019-12-31$4,058,339
Value of fidelity bond covering the plan2019-12-31$4,000,000
Expenses. Other expenses not covered elsewhere2019-12-31$63,983
Other income received2019-12-31$1,589,669
Net income (gross income less expenses)2019-12-31$1,588,074
Net plan assets at end of year (total assets less liabilities)2019-12-31$3,677,694
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$2,089,620
Assets. Value of employer securities2019-12-31$5,568,410
Total contributions received or receivable from employer(s)2019-12-31$62,388
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$1,968,719
Total plan liabilities at beginning of year2018-12-31$2,019,352
Total income from all sources2018-12-31$-343,220
Expenses. Total of all expenses incurred2018-12-31$75,128
Benefits paid (including direct rollovers)2018-12-31$9,499
Total plan assets at end of year2018-12-31$4,058,339
Total plan assets at beginning of year2018-12-31$4,527,320
Value of fidelity bond covering the plan2018-12-31$2,000,000
Other income received2018-12-31$-382,676
Net income (gross income less expenses)2018-12-31$-418,348
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,089,620
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,507,968
Assets. Value of employer securities2018-12-31$4,057,146
Total contributions received or receivable from employer(s)2018-12-31$39,456
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$65,629
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$2,019,352
Total plan liabilities at beginning of year2017-12-31$2,068,391
Total income from all sources2017-12-31$580,312
Expenses. Total of all expenses incurred2017-12-31$67,223
Total plan assets at end of year2017-12-31$4,527,320
Total plan assets at beginning of year2017-12-31$4,063,270
Value of fidelity bond covering the plan2017-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2017-12-31$67,223
Other income received2017-12-31$464,051
Net income (gross income less expenses)2017-12-31$513,089
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,507,968
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,994,879
Assets. Value of employer securities2017-12-31$4,527,320
Total contributions received or receivable from employer(s)2017-12-31$116,261
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$2,068,391
Total plan liabilities at beginning of year2016-12-31$2,115,703
Total income from all sources2016-12-31$720,659
Expenses. Total of all expenses incurred2016-12-31$68,949
Total plan assets at end of year2016-12-31$4,063,270
Total plan assets at beginning of year2016-12-31$3,458,872
Value of fidelity bond covering the plan2016-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2016-12-31$68,949
Other income received2016-12-31$604,398
Net income (gross income less expenses)2016-12-31$651,710
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,994,879
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,343,169
Assets. Value of employer securities2016-12-31$4,063,270
Total contributions received or receivable from employer(s)2016-12-31$116,261
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$2,115,703
Total plan liabilities at beginning of year2015-12-31$2,161,709
Total income from all sources2015-12-31$578,048
Expenses. Total of all expenses incurred2015-12-31$70,256
Total plan assets at end of year2015-12-31$3,458,872
Total plan assets at beginning of year2015-12-31$2,997,086
Value of fidelity bond covering the plan2015-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2015-12-31$70,256
Other income received2015-12-31$461,787
Net income (gross income less expenses)2015-12-31$507,792
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,343,169
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$835,377
Assets. Value of employer securities2015-12-31$3,458,872
Total contributions received or receivable from employer(s)2015-12-31$116,261
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$2,161,709
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$849,688
Expenses. Total of all expenses incurred2014-12-31$14,311
Total plan assets at end of year2014-12-31$2,997,086
Total plan assets at beginning of year2014-12-31$0
Value of fidelity bond covering the plan2014-12-31$2,000,000
Expenses. Other expenses not covered elsewhere2014-12-31$14,311
Other income received2014-12-31$733,427
Net income (gross income less expenses)2014-12-31$835,377
Net plan assets at end of year (total assets less liabilities)2014-12-31$835,377
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$0
Assets. Value of employer securities2014-12-31$2,997,086
Total contributions received or receivable from employer(s)2014-12-31$116,261
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN

2020: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 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 filingYes
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: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 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: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 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: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
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: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 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: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 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: MELROSE COOPERATIVE BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
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

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