WALPOLE CO-OPERATIVE BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK
401k plan membership statisitcs for SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK
Measure | Date | Value |
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2022: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 11,078,649 |
Acturial value of plan assets | 2022-12-31 | 11,078,649 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 392,911 |
Number of terminated vested participants | 2022-12-31 | 18 |
Fundng target for terminated vested participants | 2022-12-31 | 1,457,041 |
Active participant vested funding target | 2022-12-31 | 5,463,269 |
Number of active participants | 2022-12-31 | 30 |
Total funding liabilities for active participants | 2022-12-31 | 5,583,822 |
Total participant count | 2022-12-31 | 52 |
Total funding target for all participants | 2022-12-31 | 7,433,774 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 0 |
Present value of excess contributions | 2022-12-31 | 884,456 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 928,856 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
Total employer contributions | 2022-12-31 | 852,000 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 819,533 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 552,746 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 819,533 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 51 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 30 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 5 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 14 |
Total of all active and inactive participants | 2022-01-01 | 49 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 49 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 12,813,837 |
Acturial value of plan assets | 2021-12-31 | 12,813,837 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 422,521 |
Number of terminated vested participants | 2021-12-31 | 12 |
Fundng target for terminated vested participants | 2021-12-31 | 2,014,119 |
Active participant vested funding target | 2021-12-31 | 7,563,734 |
Number of active participants | 2021-12-31 | 36 |
Total funding liabilities for active participants | 2021-12-31 | 7,700,285 |
Total participant count | 2021-12-31 | 52 |
Total funding target for all participants | 2021-12-31 | 10,136,925 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 0 |
Present value of excess contributions | 2021-12-31 | 1,257,660 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 1,326,202 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 0 |
Total employer contributions | 2021-12-31 | 922,618 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 884,456 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 599,499 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 884,456 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 52 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 30 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 4 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 17 |
Total of all active and inactive participants | 2021-01-01 | 51 |
Total participants | 2021-01-01 | 51 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
2020: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 11,032,078 |
Acturial value of plan assets | 2020-12-31 | 11,032,078 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 333,297 |
Number of terminated vested participants | 2020-12-31 | 13 |
Fundng target for terminated vested participants | 2020-12-31 | 2,306,648 |
Active participant vested funding target | 2020-12-31 | 6,388,017 |
Number of active participants | 2020-12-31 | 38 |
Total funding liabilities for active participants | 2020-12-31 | 6,498,642 |
Total participant count | 2020-12-31 | 54 |
Total funding target for all participants | 2020-12-31 | 9,138,587 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 0 |
Present value of excess contributions | 2020-12-31 | 59,275 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 62,600 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 0 |
Total employer contributions | 2020-12-31 | 1,300,000 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 1,257,660 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 441,755 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 0 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 1,257,660 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 54 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 36 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 3 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 12 |
Total of all active and inactive participants | 2020-01-01 | 51 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 1 |
Total participants | 2020-01-01 | 52 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
2019: SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2019 401k membership |
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Market value of plan assets | 2019-12-31 | 10,369,499 |
Acturial value of plan assets | 2019-12-31 | 10,369,499 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 334,401 |
Number of terminated vested participants | 2019-12-31 | 10 |
Fundng target for terminated vested participants | 2019-12-31 | 1,621,764 |
Active participant vested funding target | 2019-12-31 | 6,407,489 |
Number of active participants | 2019-12-31 | 41 |
Total funding liabilities for active participants | 2019-12-31 | 6,507,821 |
Total participant count | 2019-12-31 | 54 |
Total funding target for all participants | 2019-12-31 | 8,463,986 |
Amount remaining of carryover balance | 2019-12-31 | 0 |
Amount remaining of prefunding balance | 2019-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
Balance of prefunding at beginning of current year | 2019-12-31 | 0 |
Total employer contributions | 2019-12-31 | 62,600 |
Total employee contributions | 2019-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 59,275 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-12-31 | 222,991 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 0 |
Additional cash requirement | 2019-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 59,275 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
Total participants, beginning-of-year | 2019-07-01 | 53 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-07-01 | 38 |
Number of retired or separated participants receiving benefits | 2019-07-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2019-07-01 | 12 |
Total of all active and inactive participants | 2019-07-01 | 52 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-07-01 | 2 |
Total participants | 2019-07-01 | 54 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-07-01 | 1 |
Measure | Date | Value |
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2022 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2022 401k financial data |
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Total income from all sources | 2022-12-31 | $-890,241 |
Expenses. Total of all expenses incurred | 2022-12-31 | $984,660 |
Benefits paid (including direct rollovers) | 2022-12-31 | $984,660 |
Total plan assets at end of year | 2022-12-31 | $9,203,748 |
Total plan assets at beginning of year | 2022-12-31 | $11,078,649 |
Value of fidelity bond covering the plan | 2022-12-31 | $500,000 |
Other income received | 2022-12-31 | $-1,742,241 |
Net income (gross income less expenses) | 2022-12-31 | $-1,874,901 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $9,203,748 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $11,078,649 |
Total contributions received or receivable from employer(s) | 2022-12-31 | $852,000 |
2021 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2021 401k financial data |
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Total income from all sources | 2021-12-31 | $2,257,098 |
Expenses. Total of all expenses incurred | 2021-12-31 | $3,992,286 |
Benefits paid (including direct rollovers) | 2021-12-31 | $3,992,286 |
Total plan assets at end of year | 2021-12-31 | $11,078,649 |
Total plan assets at beginning of year | 2021-12-31 | $12,813,837 |
Value of fidelity bond covering the plan | 2021-12-31 | $500,000 |
Other income received | 2021-12-31 | $1,334,480 |
Net income (gross income less expenses) | 2021-12-31 | $-1,735,188 |
Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $11,078,649 |
Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $12,813,837 |
Total contributions received or receivable from employer(s) | 2021-12-31 | $922,618 |
2020 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2020 401k financial data |
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Total income from all sources | 2020-12-31 | $2,689,125 |
Expenses. Total of all expenses incurred | 2020-12-31 | $846,451 |
Benefits paid (including direct rollovers) | 2020-12-31 | $846,451 |
Total plan assets at end of year | 2020-12-31 | $12,813,837 |
Total plan assets at beginning of year | 2020-12-31 | $10,971,163 |
Value of fidelity bond covering the plan | 2020-12-31 | $500,000 |
Other income received | 2020-12-31 | $1,326,525 |
Net income (gross income less expenses) | 2020-12-31 | $1,842,674 |
Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $12,813,837 |
Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $10,971,163 |
Total contributions received or receivable from employer(s) | 2020-12-31 | $1,362,600 |
2019 : SBERA PENSION PLAN AS ADOPTED BY WALPOLE CO-OPERATIVE BANK 2019 401k financial data |
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Transfers to/from the plan | 2019-12-31 | $8,827,855 |
Total income from all sources | 2019-12-31 | $2,152,991 |
Expenses. Total of all expenses incurred | 2019-12-31 | $9,683 |
Benefits paid (including direct rollovers) | 2019-12-31 | $9,683 |
Total plan assets at end of year | 2019-12-31 | $10,971,163 |
Total plan assets at beginning of year | 2019-12-31 | $0 |
Value of fidelity bond covering the plan | 2019-12-31 | $500,000 |
Other income received | 2019-12-31 | $602,991 |
Net income (gross income less expenses) | 2019-12-31 | $2,143,308 |
Net plan assets at end of year (total assets less liabilities) | 2019-12-31 | $10,971,163 |
Net plan assets at beginning of year (total assets less liabilities) | 2019-12-31 | $0 |
Total contributions received or receivable from employer(s) | 2019-12-31 | $1,550,000 |