401k Plan data: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK plan

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

Plan Name	SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK
Plan identification number	002

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

401k Plan Type

Defined 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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

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

Company Name: NORTHEAST BANK

Employer identification number (EIN): 010029040

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01

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

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

Measure Date Value
2023: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2023 401k membership
Total participants, beginning-of-year 2023-01-01 273
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 181
Number of retired or separated participants receiving benefits 2023-01-01 1
Number of other retired or separated participants entitled to future benefits 2023-01-01 107
Total of all active and inactive participants 2023-01-01 289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 289
Number of participants with account balances 2023-01-01 282
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 18
2022: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2022 401k membership
Total participants, beginning-of-year 2022-01-01 269
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 171
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 101
Total of all active and inactive participants 2022-01-01 272
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 272
Number of participants with account balances 2022-01-01 260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 22
2021: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2021 401k membership
Total participants, beginning-of-year 2021-01-01 258
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 173
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 95
Total of all active and inactive participants 2021-01-01 268
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 268
Number of participants with account balances 2021-01-01 247
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 14
2020: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2020 401k membership
Total participants, beginning-of-year 2020-01-01 251
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 155
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 96
Total of all active and inactive participants 2020-01-01 251
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 252
Number of participants with account balances 2020-01-01 235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 14
2019: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2019 401k membership
Total participants, beginning-of-year 2019-01-01 252
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 161
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 79
Total of all active and inactive participants 2019-01-01 240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 241
Number of participants with account balances 2019-01-01 217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 11
2018: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2018 401k membership
Total participants, beginning-of-year 2018-01-01 284
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 162
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 79
Total of all active and inactive participants 2018-01-01 241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 242
Number of participants with account balances 2018-01-01 217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2

Measure	Date	Value
2023: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2023 401k membership
Total participants, beginning-of-year	2023-01-01	273
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	181
Number of retired or separated participants receiving benefits	2023-01-01	1
Number of other retired or separated participants entitled to future benefits	2023-01-01	107
Total of all active and inactive participants	2023-01-01	289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	289
Number of participants with account balances	2023-01-01	282
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	18
2022: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2022 401k membership
Total participants, beginning-of-year	2022-01-01	269
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	171
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	101
Total of all active and inactive participants	2022-01-01	272
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	272
Number of participants with account balances	2022-01-01	260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	22
2021: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2021 401k membership
Total participants, beginning-of-year	2021-01-01	258
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	173
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	95
Total of all active and inactive participants	2021-01-01	268
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	268
Number of participants with account balances	2021-01-01	247
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	14
2020: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2020 401k membership
Total participants, beginning-of-year	2020-01-01	251
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	155
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	96
Total of all active and inactive participants	2020-01-01	251
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	252
Number of participants with account balances	2020-01-01	235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	14
2019: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2019 401k membership
Total participants, beginning-of-year	2019-01-01	252
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	161
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	79
Total of all active and inactive participants	2019-01-01	240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	241
Number of participants with account balances	2019-01-01	217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	11
2018: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2018 401k membership
Total participants, beginning-of-year	2018-01-01	284
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	162
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	79
Total of all active and inactive participants	2018-01-01	241
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	242
Number of participants with account balances	2018-01-01	217
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2

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

Measure	Date	Value
2023 : SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$5,881,389
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$1,229,753
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$1,229,113
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$2,541,078
Value of total assets at end of year	2023-12-31	$22,673,412
Value of total assets at beginning of year	2023-12-31	$18,021,776
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$640
Total interest from all sources	2023-12-31	$17,738
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$500,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$1,579,301
Participant contributions at end of year	2023-12-31	$348,033
Participant contributions at beginning of year	2023-12-31	$298,011
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$459,959
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$4,651,636
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$22,673,412
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$18,021,776
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Interest on participant loans	2023-12-31	$17,738
Value of interest in common/collective trusts at end of year	2023-12-31	$22,325,379
Value of interest in common/collective trusts at beginning of year	2023-12-31	$17,723,765
Net investment gain or loss from common/collective trusts	2023-12-31	$3,322,573
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$501,818
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$1,229,113
Contract administrator fees	2023-12-31	$640
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2023-12-31	203985546
2022 : SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-1,652,393
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$1,436,664
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$1,436,064
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$2,143,416
Value of total assets at end of year	2022-12-31	$18,021,776
Value of total assets at beginning of year	2022-12-31	$21,110,833
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$600
Total interest from all sources	2022-12-31	$12,872
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$1,381,519
Participant contributions at end of year	2022-12-31	$298,011
Participant contributions at beginning of year	2022-12-31	$229,709
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$284,684
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-3,089,057
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$18,021,776
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$21,110,833
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Interest on participant loans	2022-12-31	$12,872
Value of interest in common/collective trusts at end of year	2022-12-31	$17,723,765
Value of interest in common/collective trusts at beginning of year	2022-12-31	$20,881,124
Net investment gain or loss from common/collective trusts	2022-12-31	$-3,808,681
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$477,213
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$1,436,064
Contract administrator fees	2022-12-31	$600
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2022-12-31	203985546
2021 : SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$4,491,194
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$2,459,602
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$2,459,452
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,908,751
Value of total assets at end of year	2021-12-31	$21,110,833
Value of total assets at beginning of year	2021-12-31	$19,079,241
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$150
Total interest from all sources	2021-12-31	$15,836
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$1,220,671
Participant contributions at end of year	2021-12-31	$229,709
Participant contributions at beginning of year	2021-12-31	$341,308
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$302,143
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$2,031,592
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$21,110,833
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$19,079,241
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Interest on participant loans	2021-12-31	$15,836
Value of interest in common/collective trusts at end of year	2021-12-31	$20,881,124
Value of interest in common/collective trusts at beginning of year	2021-12-31	$18,737,933
Net investment gain or loss from common/collective trusts	2021-12-31	$2,566,607
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$385,937
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$2,459,452
Contract administrator fees	2021-12-31	$150
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2021-12-31	203985546
2020 : SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$3,691,216
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$933,733
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$933,218
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,456,062
Value of total assets at end of year	2020-12-31	$19,079,241
Value of total assets at beginning of year	2020-12-31	$16,321,758
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$515
Total interest from all sources	2020-12-31	$16,049
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$1,124,571
Participant contributions at end of year	2020-12-31	$341,308
Participant contributions at beginning of year	2020-12-31	$332,479
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$138,203
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$2,757,483
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$19,079,241
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$16,321,758
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Interest on participant loans	2020-12-31	$16,049
Value of interest in common/collective trusts at end of year	2020-12-31	$18,737,933
Value of interest in common/collective trusts at beginning of year	2020-12-31	$15,989,279
Net investment gain or loss from common/collective trusts	2020-12-31	$2,219,105
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$193,288
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$933,218
Contract administrator fees	2020-12-31	$515
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2020-12-31	203985546
2019 : SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$5,024,936
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,768,857
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,768,167
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$2,171,473
Value of total assets at end of year	2019-12-31	$16,321,758
Value of total assets at beginning of year	2019-12-31	$13,065,679
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$690
Total interest from all sources	2019-12-31	$14,705
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$1,111,544
Participant contributions at end of year	2019-12-31	$332,479
Participant contributions at beginning of year	2019-12-31	$268,418
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$700,161
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$3,256,079
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$16,321,758
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$13,065,679
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Interest on participant loans	2019-12-31	$14,705
Value of interest in common/collective trusts at end of year	2019-12-31	$15,989,279
Value of interest in common/collective trusts at beginning of year	2019-12-31	$12,797,261
Net investment gain or loss from common/collective trusts	2019-12-31	$2,838,758
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$359,768
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,768,167
Contract administrator fees	2019-12-31	$690
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	No
Opinion of an independent qualified public accountant for this plan	2019-12-31	Unqualified
Accountancy firm name	2019-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2019-12-31	203985546
2018 : SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$0
Total income from all sources (including contributions)	2018-12-31	$746,010
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$1,138,818
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$1,138,768
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$1,452,708
Value of total assets at end of year	2018-12-31	$13,065,679
Value of total assets at beginning of year	2018-12-31	$13,458,487
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$50
Total interest from all sources	2018-12-31	$14,037
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$500,000
If this is an individual account plan, was there a blackout period	2018-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$1,040,476
Participant contributions at end of year	2018-12-31	$268,418
Participant contributions at beginning of year	2018-12-31	$275,855
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$74,888
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-392,808
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$13,065,679
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$13,458,487
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Interest on participant loans	2018-12-31	$14,037
Value of interest in common/collective trusts at end of year	2018-12-31	$12,797,261
Value of interest in common/collective trusts at beginning of year	2018-12-31	$13,182,632
Net investment gain or loss from common/collective trusts	2018-12-31	$-720,735
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$337,344
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$1,138,768
Contract administrator fees	2018-12-31	$50
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2018-12-31	Yes
Did the plan have assets held for investment	2018-12-31	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	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	No
Opinion of an independent qualified public accountant for this plan	2018-12-31	Unqualified
Accountancy firm name	2018-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2018-12-31	203985546

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

2023: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANK 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NORTHEAST BANK
Employer identification number (EIN):	010029040
NAIC Classification:	522110
NAIC Description:	Commercial Banking