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SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 401k Plan overview

Plan NameSBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST
Plan identification number 001

SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BANKERS BANK NORTHEAST has sponsored the creation of one or more 401k plans.

Company Name:BANKERS BANK NORTHEAST
Employer identification number (EIN):061469449
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01THOMAS FORESE, JR.
0012016-01-01THOMAS FORESE, JR.
0012015-01-01THOMAS FORESE, JR.
0012014-01-01THOMAS FORESE, JR.
0012013-01-01THOMAS FORESE JR
0012012-01-01THOMAS FORESE JR.
0012011-01-01THOMAS FORESE JR.
0012009-01-01THOMAS FORESE JR

Plan Statistics for SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST

401k plan membership statisitcs for SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST

Measure Date Value
2017: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2017 401k membership
Total participants, beginning-of-year2017-01-0133
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2016 401k membership
Total participants, beginning-of-year2016-01-0136
Total number of active participants reported on line 7a of the Form 55002016-01-0126
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-017
Total of all active and inactive participants2016-01-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0133
Number of participants with account balances2016-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2015 401k membership
Total participants, beginning-of-year2015-01-0138
Total number of active participants reported on line 7a of the Form 55002015-01-0128
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-018
Total of all active and inactive participants2015-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0136
Number of participants with account balances2015-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2014 401k membership
Total participants, beginning-of-year2014-01-0141
Total number of active participants reported on line 7a of the Form 55002014-01-0128
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0110
Total of all active and inactive participants2014-01-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0138
Number of participants with account balances2014-01-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2013 401k membership
Total participants, beginning-of-year2013-01-0136
Total number of active participants reported on line 7a of the Form 55002013-01-0132
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-019
Total of all active and inactive participants2013-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0141
Number of participants with account balances2013-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2012 401k membership
Total participants, beginning-of-year2012-01-0136
Total number of active participants reported on line 7a of the Form 55002012-01-0129
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-017
Total of all active and inactive participants2012-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0136
Number of participants with account balances2012-01-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2011 401k membership
Total participants, beginning-of-year2011-01-0136
Total number of active participants reported on line 7a of the Form 55002011-01-0129
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-017
Total of all active and inactive participants2011-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0136
Number of participants with account balances2011-01-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2009 401k membership
Total participants, beginning-of-year2009-01-0131
Total number of active participants reported on line 7a of the Form 55002009-01-0130
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-014
Total of all active and inactive participants2009-01-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0134
Number of participants with account balances2009-01-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST

Measure Date Value
2017 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2017 401k financial data
Transfers to/from the plan2017-12-31$-2,028,282
Total income from all sources2017-12-31$642,699
Expenses. Total of all expenses incurred2017-12-31$1,239,296
Benefits paid (including direct rollovers)2017-12-31$1,239,296
Total plan assets at end of year2017-12-31$0
Total plan assets at beginning of year2017-12-31$2,624,879
Value of fidelity bond covering the plan2017-12-31$262,488
Total contributions received or receivable from participants2017-12-31$147,264
Other income received2017-12-31$406,528
Net income (gross income less expenses)2017-12-31$-596,597
Net plan assets at end of year (total assets less liabilities)2017-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,624,879
Assets. Value of participant loans2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$88,907
2016 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2016 401k financial data
Total income from all sources2016-12-31$552,468
Expenses. Total of all expenses incurred2016-12-31$113,354
Benefits paid (including direct rollovers)2016-12-31$113,354
Total plan assets at end of year2016-12-31$2,624,879
Total plan assets at beginning of year2016-12-31$2,185,765
Value of fidelity bond covering the plan2016-12-31$218,577
Total contributions received or receivable from participants2016-12-31$109,095
Contributions received from other sources (not participants or employers)2016-12-31$189,162
Other income received2016-12-31$181,787
Net income (gross income less expenses)2016-12-31$439,114
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,624,879
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,185,765
Assets. Value of participant loans2016-12-31$46,147
Total contributions received or receivable from employer(s)2016-12-31$72,424
2015 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2015 401k financial data
Total income from all sources2015-12-31$200,239
Expenses. Total of all expenses incurred2015-12-31$122,306
Benefits paid (including direct rollovers)2015-12-31$117,967
Total plan assets at end of year2015-12-31$2,185,765
Total plan assets at beginning of year2015-12-31$2,107,832
Value of fidelity bond covering the plan2015-12-31$210,783
Total contributions received or receivable from participants2015-12-31$114,987
Contributions received from other sources (not participants or employers)2015-12-31$26,446
Other income received2015-12-31$-15,942
Net income (gross income less expenses)2015-12-31$77,933
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,185,765
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,107,832
Assets. Value of participant loans2015-12-31$51,155
Total contributions received or receivable from employer(s)2015-12-31$74,748
Value of certain deemed distributions of participant loans2015-12-31$4,339
2014 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2014 401k financial data
Total income from all sources2014-12-31$300,328
Expenses. Total of all expenses incurred2014-12-31$2,077,420
Benefits paid (including direct rollovers)2014-12-31$2,077,420
Total plan assets at end of year2014-12-31$2,107,832
Total plan assets at beginning of year2014-12-31$3,884,924
Value of fidelity bond covering the plan2014-12-31$388,492
Total contributions received or receivable from participants2014-12-31$126,015
Other income received2014-12-31$98,876
Net income (gross income less expenses)2014-12-31$-1,777,092
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,107,832
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$3,884,924
Assets. Value of participant loans2014-12-31$40,997
Total contributions received or receivable from employer(s)2014-12-31$75,437
2013 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2013 401k financial data
Total income from all sources2013-12-31$1,119,367
Expenses. Total of all expenses incurred2013-12-31$217,239
Benefits paid (including direct rollovers)2013-12-31$217,239
Total plan assets at end of year2013-12-31$3,884,924
Total plan assets at beginning of year2013-12-31$2,982,796
Value of fidelity bond covering the plan2013-12-31$298,280
Total contributions received or receivable from participants2013-12-31$140,906
Contributions received from other sources (not participants or employers)2013-12-31$233,188
Other income received2013-12-31$680,929
Net income (gross income less expenses)2013-12-31$902,128
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,884,924
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,982,796
Assets. Value of participant loans2013-12-31$52,710
Total contributions received or receivable from employer(s)2013-12-31$64,344
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2012 401k financial data
Total income from all sources2012-12-31$561,286
Expenses. Total of all expenses incurred2012-12-31$125,234
Benefits paid (including direct rollovers)2012-12-31$98,531
Total plan assets at end of year2012-12-31$2,982,796
Total plan assets at beginning of year2012-12-31$2,546,744
Value of fidelity bond covering the plan2012-12-31$254,675
Total contributions received or receivable from participants2012-12-31$150,082
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$340,051
Net income (gross income less expenses)2012-12-31$436,052
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,982,796
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,546,744
Assets. Value of participant loans2012-12-31$54,185
Total contributions received or receivable from employer(s)2012-12-31$71,153
Value of certain deemed distributions of participant loans2012-12-31$26,703
2011 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2011 401k financial data
Total income from all sources2011-12-31$251,045
Expenses. Total of all expenses incurred2011-12-31$85,368
Benefits paid (including direct rollovers)2011-12-31$73,840
Total plan assets at end of year2011-12-31$2,546,744
Total plan assets at beginning of year2011-12-31$2,381,067
Value of fidelity bond covering the plan2011-12-31$238,107
Total contributions received or receivable from participants2011-12-31$149,733
Contributions received from other sources (not participants or employers)2011-12-31$24,748
Other income received2011-12-31$2,180
Net income (gross income less expenses)2011-12-31$165,677
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,546,744
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,381,067
Assets. Value of participant loans2011-12-31$57,819
Total contributions received or receivable from employer(s)2011-12-31$74,384
Value of certain deemed distributions of participant loans2011-12-31$11,528
Value of corrective distributions2011-12-31$0
2010 : SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2010 401k financial data
Total income from all sources2010-12-31$510,474
Expenses. Total of all expenses incurred2010-12-31$8,974
Benefits paid (including direct rollovers)2010-12-31$8,974
Total plan assets at end of year2010-12-31$2,381,067
Total plan assets at beginning of year2010-12-31$1,879,567
Value of fidelity bond covering the plan2010-12-31$187,957
Total contributions received or receivable from participants2010-12-31$165,402
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$272,234
Net income (gross income less expenses)2010-12-31$501,500
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,381,067
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,879,567
Assets. Value of participant loans2010-12-31$76,894
Total contributions received or receivable from employer(s)2010-12-31$72,838
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0

Form 5500 Responses for SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST

2017: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 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 filingYes
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: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 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: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 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: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
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
2013: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SBERA 401(K) PLAN AS ADOPTED BY BANKERS BANK NORTHEAST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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