401k Plan data: MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN plan

MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN
Plan identification number	005

MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

NORTH EASTON SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name: NORTH EASTON SAVINGS BANK

Employer identification number (EIN): 041677530

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2021-07-01 MIKAELYN POORE 2022-04-05 MIKAELYN POORE 2022-04-05
005 2020-07-01 MIKAELYN POORE 2022-04-01 MIKAELYN POORE 2022-04-01
005 2019-07-01 MIKAELYN POORE 2021-01-12 MIKAELYN POORE 2021-01-12
005 2018-07-01 AILEEN ZEC 2020-04-13 AILEEN ZEC 2020-04-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
005	2021-07-01	MIKAELYN POORE	2022-04-05	MIKAELYN POORE	2022-04-05
005	2020-07-01	MIKAELYN POORE	2022-04-01	MIKAELYN POORE	2022-04-01
005	2019-07-01	MIKAELYN POORE	2021-01-12	MIKAELYN POORE	2021-01-12
005	2018-07-01	AILEEN ZEC	2020-04-13	AILEEN ZEC	2020-04-13

Plan Statistics for MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN

Measure Date Value
2021: MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets 2021-06-30 6,472,652
Acturial value of plan assets 2021-06-30 6,472,652
Funding target for retired participants and beneficiaries receiving payment 2021-06-30 2,717,621
Number of terminated vested participants 2021-06-30 27
Fundng target for terminated vested participants 2021-06-30 2,007,465
Active participant vested funding target 2021-06-30 133,275
Number of active participants 2021-06-30 7
Total funding liabilities for active participants 2021-06-30 133,275
Total participant count 2021-06-30 50
Total funding target for all participants 2021-06-30 4,858,361
Balance at beginning of prior year after applicable adjustments 2021-06-30 76
Prefunding balance at beginning of prior year after applicable adjustments 2021-06-30 369,207
Carryover balanced portion elected for use to offset prior years funding requirement 2021-06-30 0
Prefunding balanced used to offset prior years funding requirement 2021-06-30 0
Amount remaining of carryover balance 2021-06-30 76
Amount remaining of prefunding balance 2021-06-30 369,207
Present value of excess contributions 2021-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-06-30 0
Reductions in caryover balances due to elections or deemed elections 2021-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2021-06-30 0
Balance of carryovers at beginning of current year 2021-06-30 86
Balance of prefunding at beginning of current year 2021-06-30 420,158
Total employer contributions 2021-06-30 119,786
Total employee contributions 2021-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2021-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-06-30 113,305
Unpaid minimum required contributions for all prior years 2021-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-06-30 0
Remaining amount of unpaid minimum required contributions 2021-06-30 0
Minimum required contributions for current year target normal cost 2021-06-30 60,000
Net shortfall amortization installment of oustanding balance 2021-06-30 0
Waiver amortization installment 2021-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2021-06-30 0
Carryover balance elected to use to offset funding requirement 2021-06-30 0
Prefunding balance elected to use to offset funding requirement 2021-06-30 0
Additional cash requirement 2021-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2021-06-30 113,305
Unpaid minimum required contributions for current year 2021-06-30 0
Unpaid minimum required contributions for all years 2021-06-30 0
2020: MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets 2020-06-30 6,017,904
Acturial value of plan assets 2020-06-30 6,017,904
Funding target for retired participants and beneficiaries receiving payment 2020-06-30 2,591,731
Number of terminated vested participants 2020-06-30 26
Fundng target for terminated vested participants 2020-06-30 1,841,217
Active participant vested funding target 2020-06-30 280,088
Number of active participants 2020-06-30 10
Total funding liabilities for active participants 2020-06-30 280,088
Total participant count 2020-06-30 52
Total funding target for all participants 2020-06-30 4,713,036
Balance at beginning of prior year after applicable adjustments 2020-06-30 65
Prefunding balance at beginning of prior year after applicable adjustments 2020-06-30 315,292
Carryover balanced portion elected for use to offset prior years funding requirement 2020-06-30 0
Prefunding balanced used to offset prior years funding requirement 2020-06-30 0
Amount remaining of carryover balance 2020-06-30 65
Amount remaining of prefunding balance 2020-06-30 315,292
Present value of excess contributions 2020-06-30 202,075
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-06-30 213,432
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-06-30 0
Reductions in caryover balances due to elections or deemed elections 2020-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2020-06-30 0
Balance of carryovers at beginning of current year 2020-06-30 76
Balance of prefunding at beginning of current year 2020-06-30 369,207
Total employer contributions 2020-06-30 0
Total employee contributions 2020-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2020-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-06-30 0
Unpaid minimum required contributions for all prior years 2020-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-06-30 0
Remaining amount of unpaid minimum required contributions 2020-06-30 0
Minimum required contributions for current year target normal cost 2020-06-30 60,000
Net shortfall amortization installment of oustanding balance 2020-06-30 0
Waiver amortization installment 2020-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2020-06-30 0
Carryover balance elected to use to offset funding requirement 2020-06-30 0
Prefunding balance elected to use to offset funding requirement 2020-06-30 0
Additional cash requirement 2020-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2020-06-30 0
Unpaid minimum required contributions for current year 2020-06-30 0
Unpaid minimum required contributions for all years 2020-06-30 0
2019: MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-06-30 5,288,943
Acturial value of plan assets 2019-06-30 5,288,943
Funding target for retired participants and beneficiaries receiving payment 2019-06-30 2,746,953
Number of terminated vested participants 2019-06-30 24
Fundng target for terminated vested participants 2019-06-30 1,576,917
Active participant vested funding target 2019-06-30 518,838
Number of active participants 2019-06-30 13
Total funding liabilities for active participants 2019-06-30 518,838
Total participant count 2019-06-30 53
Total funding target for all participants 2019-06-30 4,842,708
Balance at beginning of prior year after applicable adjustments 2019-06-30 70
Prefunding balance at beginning of prior year after applicable adjustments 2019-06-30 338,659
Carryover balanced portion elected for use to offset prior years funding requirement 2019-06-30 0
Prefunding balanced used to offset prior years funding requirement 2019-06-30 0
Amount remaining of carryover balance 2019-06-30 70
Amount remaining of prefunding balance 2019-06-30 338,659
Present value of excess contributions 2019-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-06-30 0
Reductions in caryover balances due to elections or deemed elections 2019-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2019-06-30 0
Balance of carryovers at beginning of current year 2019-06-30 65
Balance of prefunding at beginning of current year 2019-06-30 315,292
Total employer contributions 2019-06-30 215,000
Total employee contributions 2019-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2019-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-06-30 202,075
Unpaid minimum required contributions for all prior years 2019-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-06-30 0
Remaining amount of unpaid minimum required contributions 2019-06-30 0
Minimum required contributions for current year target normal cost 2019-06-30 90,000
Net shortfall amortization installment of oustanding balance 2019-06-30 0
Waiver amortization installment 2019-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2019-06-30 0
Carryover balance elected to use to offset funding requirement 2019-06-30 0
Prefunding balance elected to use to offset funding requirement 2019-06-30 0
Additional cash requirement 2019-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2019-06-30 202,075
Unpaid minimum required contributions for current year 2019-06-30 0
Unpaid minimum required contributions for all years 2019-06-30 0

Measure	Date	Value
2021: MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets	2021-06-30	6,472,652
Acturial value of plan assets	2021-06-30	6,472,652
Funding target for retired participants and beneficiaries receiving payment	2021-06-30	2,717,621
Number of terminated vested participants	2021-06-30	27
Fundng target for terminated vested participants	2021-06-30	2,007,465
Active participant vested funding target	2021-06-30	133,275
Number of active participants	2021-06-30	7
Total funding liabilities for active participants	2021-06-30	133,275
Total participant count	2021-06-30	50
Total funding target for all participants	2021-06-30	4,858,361
Balance at beginning of prior year after applicable adjustments	2021-06-30	76
Prefunding balance at beginning of prior year after applicable adjustments	2021-06-30	369,207
Carryover balanced portion elected for use to offset prior years funding requirement	2021-06-30	0
Prefunding balanced used to offset prior years funding requirement	2021-06-30	0
Amount remaining of carryover balance	2021-06-30	76
Amount remaining of prefunding balance	2021-06-30	369,207
Present value of excess contributions	2021-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-06-30	0
Reductions in caryover balances due to elections or deemed elections	2021-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2021-06-30	0
Balance of carryovers at beginning of current year	2021-06-30	86
Balance of prefunding at beginning of current year	2021-06-30	420,158
Total employer contributions	2021-06-30	119,786
Total employee contributions	2021-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2021-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-06-30	113,305
Unpaid minimum required contributions for all prior years	2021-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-06-30	0
Remaining amount of unpaid minimum required contributions	2021-06-30	0
Minimum required contributions for current year target normal cost	2021-06-30	60,000
Net shortfall amortization installment of oustanding balance	2021-06-30	0
Waiver amortization installment	2021-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2021-06-30	0
Carryover balance elected to use to offset funding requirement	2021-06-30	0
Prefunding balance elected to use to offset funding requirement	2021-06-30	0
Additional cash requirement	2021-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2021-06-30	113,305
Unpaid minimum required contributions for current year	2021-06-30	0
Unpaid minimum required contributions for all years	2021-06-30	0
2020: MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets	2020-06-30	6,017,904
Acturial value of plan assets	2020-06-30	6,017,904
Funding target for retired participants and beneficiaries receiving payment	2020-06-30	2,591,731
Number of terminated vested participants	2020-06-30	26
Fundng target for terminated vested participants	2020-06-30	1,841,217
Active participant vested funding target	2020-06-30	280,088
Number of active participants	2020-06-30	10
Total funding liabilities for active participants	2020-06-30	280,088
Total participant count	2020-06-30	52
Total funding target for all participants	2020-06-30	4,713,036
Balance at beginning of prior year after applicable adjustments	2020-06-30	65
Prefunding balance at beginning of prior year after applicable adjustments	2020-06-30	315,292
Carryover balanced portion elected for use to offset prior years funding requirement	2020-06-30	0
Prefunding balanced used to offset prior years funding requirement	2020-06-30	0
Amount remaining of carryover balance	2020-06-30	65
Amount remaining of prefunding balance	2020-06-30	315,292
Present value of excess contributions	2020-06-30	202,075
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-06-30	213,432
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-06-30	0
Reductions in caryover balances due to elections or deemed elections	2020-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2020-06-30	0
Balance of carryovers at beginning of current year	2020-06-30	76
Balance of prefunding at beginning of current year	2020-06-30	369,207
Total employer contributions	2020-06-30	0
Total employee contributions	2020-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2020-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-06-30	0
Unpaid minimum required contributions for all prior years	2020-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-06-30	0
Remaining amount of unpaid minimum required contributions	2020-06-30	0
Minimum required contributions for current year target normal cost	2020-06-30	60,000
Net shortfall amortization installment of oustanding balance	2020-06-30	0
Waiver amortization installment	2020-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2020-06-30	0
Carryover balance elected to use to offset funding requirement	2020-06-30	0
Prefunding balance elected to use to offset funding requirement	2020-06-30	0
Additional cash requirement	2020-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2020-06-30	0
Unpaid minimum required contributions for current year	2020-06-30	0
Unpaid minimum required contributions for all years	2020-06-30	0
2019: MUTUAL BANK CONSOLIDATED DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-06-30	5,288,943
Acturial value of plan assets	2019-06-30	5,288,943
Funding target for retired participants and beneficiaries receiving payment	2019-06-30	2,746,953
Number of terminated vested participants	2019-06-30	24
Fundng target for terminated vested participants	2019-06-30	1,576,917
Active participant vested funding target	2019-06-30	518,838
Number of active participants	2019-06-30	13
Total funding liabilities for active participants	2019-06-30	518,838
Total participant count	2019-06-30	53
Total funding target for all participants	2019-06-30	4,842,708
Balance at beginning of prior year after applicable adjustments	2019-06-30	70
Prefunding balance at beginning of prior year after applicable adjustments	2019-06-30	338,659
Carryover balanced portion elected for use to offset prior years funding requirement	2019-06-30	0
Prefunding balanced used to offset prior years funding requirement	2019-06-30	0
Amount remaining of carryover balance	2019-06-30	70
Amount remaining of prefunding balance	2019-06-30	338,659
Present value of excess contributions	2019-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-06-30	0
Reductions in caryover balances due to elections or deemed elections	2019-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2019-06-30	0
Balance of carryovers at beginning of current year	2019-06-30	65
Balance of prefunding at beginning of current year	2019-06-30	315,292
Total employer contributions	2019-06-30	215,000
Total employee contributions	2019-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2019-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-06-30	202,075
Unpaid minimum required contributions for all prior years	2019-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-06-30	0
Remaining amount of unpaid minimum required contributions	2019-06-30	0
Minimum required contributions for current year target normal cost	2019-06-30	90,000
Net shortfall amortization installment of oustanding balance	2019-06-30	0
Waiver amortization installment	2019-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2019-06-30	0
Carryover balance elected to use to offset funding requirement	2019-06-30	0
Prefunding balance elected to use to offset funding requirement	2019-06-30	0
Additional cash requirement	2019-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2019-06-30	202,075
Unpaid minimum required contributions for current year	2019-06-30	0
Unpaid minimum required contributions for all years	2019-06-30	0

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Company Name:	NORTH EASTON SAVINGS BANK
Employer identification number (EIN):	041677530
NAIC Classification:	522120
NAIC Description:	Savings Institutions