401k Plan data: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION plan

SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 401k Plan overview

Plan Name	SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION
Plan identification number	001

SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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

MASSACHUSETTS BANKERS ASSOCIATION, INC. has sponsored the creation of one or more 401k plans.

Company Name: MASSACHUSETTS BANKERS ASSOCIATION, INC.

Employer identification number (EIN): 041589780

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-11-01
001 2021-11-01
001 2020-11-01
001 2019-11-01
001 2018-11-01
001 2017-11-01
001 2016-11-01 THOMAS FORESE JR.
001 2015-11-01 THOMAS FORESE JR.
001 2014-11-01 THOMAS FORESE JR.
001 2013-11-01 THOMAS FORESE JR.
001 2012-11-01 THOMAS FORESE JR.
001 2011-11-01 THOMAS FORESE JR.
001 2009-11-01 THOMAS FORESE JR.

Plan Statistics for SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION

401k plan membership statisitcs for SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION

Measure Date Value
2023: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2023 401k membership
Market value of plan assets 2023-10-31 10,567,767
Acturial value of plan assets 2023-10-31 10,567,767
Funding target for retired participants and beneficiaries receiving payment 2023-10-31 4,030,887
Number of terminated vested participants 2023-10-31 10
Fundng target for terminated vested participants 2023-10-31 983,000
Active participant vested funding target 2023-10-31 1,011,617
Number of active participants 2023-10-31 12
Total funding liabilities for active participants 2023-10-31 1,022,884
Total participant count 2023-10-31 36
Total funding target for all participants 2023-10-31 6,036,771
Balance at beginning of prior year after applicable adjustments 2023-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2023-10-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2023-10-31 0
Prefunding balanced used to offset prior years funding requirement 2023-10-31 0
Amount remaining of carryover balance 2023-10-31 0
Amount remaining of prefunding balance 2023-10-31 0
Present value of excess contributions 2023-10-31 418,224
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-10-31 438,884
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-10-31 0
Reductions in caryover balances due to elections or deemed elections 2023-10-31 0
Reductions in prefunding balances due to elections or deemed elections 2023-10-31 0
Balance of carryovers at beginning of current year 2023-10-31 0
Balance of prefunding at beginning of current year 2023-10-31 0
Total employer contributions 2023-10-31 0
Total employee contributions 2023-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2023-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2023-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-10-31 0
Unpaid minimum required contributions for all prior years 2023-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-10-31 0
Remaining amount of unpaid minimum required contributions 2023-10-31 0
Minimum required contributions for current year target normal cost 2023-10-31 121,854
Net shortfall amortization installment of oustanding balance 2023-10-31 0
Waiver amortization installment 2023-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2023-10-31 0
Carryover balance elected to use to offset funding requirement 2023-10-31 0
Prefunding balance elected to use to offset funding requirement 2023-10-31 0
Additional cash requirement 2023-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2023-10-31 0
Unpaid minimum required contributions for current year 2023-10-31 0
Unpaid minimum required contributions for all years 2023-10-31 0
2022: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2022 401k membership
Total participants, beginning-of-year 2022-11-01 36
Total number of active participants reported on line 7a of the Form 5500 2022-11-01 12
Number of retired or separated participants receiving benefits 2022-11-01 17
Number of other retired or separated participants entitled to future benefits 2022-11-01 8
Total of all active and inactive participants 2022-11-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-11-01 0
Total participants 2022-11-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-11-01 0
Market value of plan assets 2022-10-31 12,941,080
Acturial value of plan assets 2022-10-31 12,941,080
Funding target for retired participants and beneficiaries receiving payment 2022-10-31 3,885,543
Number of terminated vested participants 2022-10-31 9
Fundng target for terminated vested participants 2022-10-31 710,431
Active participant vested funding target 2022-10-31 1,688,932
Number of active participants 2022-10-31 16
Total funding liabilities for active participants 2022-10-31 1,731,350
Total participant count 2022-10-31 38
Total funding target for all participants 2022-10-31 6,327,324
Balance at beginning of prior year after applicable adjustments 2022-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-10-31 0
Amount remaining of carryover balance 2022-10-31 0
Amount remaining of prefunding balance 2022-10-31 0
Present value of excess contributions 2022-10-31 419,538
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-10-31 441,815
Balance of carryovers at beginning of current year 2022-10-31 0
Balance of prefunding at beginning of current year 2022-10-31 0
Total employer contributions 2022-10-31 425,000
Total employee contributions 2022-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-10-31 418,224
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-10-31 0
Remaining amount of unpaid minimum required contributions 2022-10-31 0
Minimum required contributions for current year target normal cost 2022-10-31 132,900
Total funding amount beforereflecting carryover/prefunding balances 2022-10-31 0
Additional cash requirement 2022-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-10-31 418,224
Unpaid minimum required contributions for current year 2022-10-31 0
Unpaid minimum required contributions for all years 2022-10-31 0
2021: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2021 401k membership
Total participants, beginning-of-year 2021-11-01 38
Total number of active participants reported on line 7a of the Form 5500 2021-11-01 12
Number of retired or separated participants receiving benefits 2021-11-01 13
Number of other retired or separated participants entitled to future benefits 2021-11-01 9
Total of all active and inactive participants 2021-11-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-11-01 1
Total participants 2021-11-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-11-01 1
Market value of plan assets 2021-10-31 12,367,890
Acturial value of plan assets 2021-10-31 12,367,890
Funding target for retired participants and beneficiaries receiving payment 2021-10-31 3,889,575
Number of terminated vested participants 2021-10-31 9
Fundng target for terminated vested participants 2021-10-31 638,549
Active participant vested funding target 2021-10-31 3,186,227
Number of active participants 2021-10-31 16
Total funding liabilities for active participants 2021-10-31 3,200,180
Total participant count 2021-10-31 37
Total funding target for all participants 2021-10-31 7,728,304
Balance at beginning of prior year after applicable adjustments 2021-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-10-31 0
Amount remaining of carryover balance 2021-10-31 0
Amount remaining of prefunding balance 2021-10-31 0
Present value of excess contributions 2021-10-31 420,319
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-10-31 443,268
Balance of carryovers at beginning of current year 2021-10-31 0
Balance of prefunding at beginning of current year 2021-10-31 0
Total employer contributions 2021-10-31 425,000
Total employee contributions 2021-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-10-31 419,538
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-10-31 0
Remaining amount of unpaid minimum required contributions 2021-10-31 0
Minimum required contributions for current year target normal cost 2021-10-31 86,774
Total funding amount beforereflecting carryover/prefunding balances 2021-10-31 0
Additional cash requirement 2021-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-10-31 419,538
Unpaid minimum required contributions for current year 2021-10-31 0
Unpaid minimum required contributions for all years 2021-10-31 0
2020: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2020 401k membership
Total participants, beginning-of-year 2020-11-01 37
Total number of active participants reported on line 7a of the Form 5500 2020-11-01 16
Number of retired or separated participants receiving benefits 2020-11-01 13
Number of other retired or separated participants entitled to future benefits 2020-11-01 8
Total of all active and inactive participants 2020-11-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-11-01 0
Total participants 2020-11-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-11-01 0
Market value of plan assets 2020-10-31 11,918,006
Acturial value of plan assets 2020-10-31 11,918,006
Funding target for retired participants and beneficiaries receiving payment 2020-10-31 2,689,975
Number of terminated vested participants 2020-10-31 8
Fundng target for terminated vested participants 2020-10-31 592,641
Active participant vested funding target 2020-10-31 4,116,289
Number of active participants 2020-10-31 18
Total funding liabilities for active participants 2020-10-31 4,143,491
Total participant count 2020-10-31 36
Total funding target for all participants 2020-10-31 7,426,107
Balance at beginning of prior year after applicable adjustments 2020-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-10-31 0
Amount remaining of carryover balance 2020-10-31 0
Amount remaining of prefunding balance 2020-10-31 0
Present value of excess contributions 2020-10-31 421,125
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-10-31 444,919
Balance of carryovers at beginning of current year 2020-10-31 0
Balance of prefunding at beginning of current year 2020-10-31 0
Total employer contributions 2020-10-31 425,000
Total employee contributions 2020-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-10-31 420,319
Remaining amount of unpaid minimum required contributions 2020-10-31 0
Minimum required contributions for current year target normal cost 2020-10-31 82,530
Total funding amount beforereflecting carryover/prefunding balances 2020-10-31 0
Additional cash requirement 2020-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-10-31 420,319
Unpaid minimum required contributions for current year 2020-10-31 0
Unpaid minimum required contributions for all years 2020-10-31 0
2019: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2019 401k membership
Total participants, beginning-of-year 2019-11-01 36
Total number of active participants reported on line 7a of the Form 5500 2019-11-01 16
Number of retired or separated participants receiving benefits 2019-11-01 12
Number of other retired or separated participants entitled to future benefits 2019-11-01 9
Total of all active and inactive participants 2019-11-01 37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-11-01 0
Total participants 2019-11-01 37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-11-01 0
Market value of plan assets 2019-10-31 10,641,320
Acturial value of plan assets 2019-10-31 10,641,320
Funding target for retired participants and beneficiaries receiving payment 2019-10-31 2,907,158
Number of terminated vested participants 2019-10-31 5
Fundng target for terminated vested participants 2019-10-31 436,481
Active participant vested funding target 2019-10-31 3,495,843
Number of active participants 2019-10-31 20
Total funding liabilities for active participants 2019-10-31 3,541,257
Total participant count 2019-10-31 35
Total funding target for all participants 2019-10-31 6,884,896
Balance at beginning of prior year after applicable adjustments 2019-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-10-31 0
Amount remaining of carryover balance 2019-10-31 0
Amount remaining of prefunding balance 2019-10-31 0
Present value of excess contributions 2019-10-31 420,537
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-10-31 445,054
Balance of carryovers at beginning of current year 2019-10-31 0
Balance of prefunding at beginning of current year 2019-10-31 0
Total employer contributions 2019-10-31 425,000
Total employee contributions 2019-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-10-31 421,125
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-10-31 0
Remaining amount of unpaid minimum required contributions 2019-10-31 0
Minimum required contributions for current year target normal cost 2019-10-31 89,564
Total funding amount beforereflecting carryover/prefunding balances 2019-10-31 0
Additional cash requirement 2019-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-10-31 421,125
Unpaid minimum required contributions for current year 2019-10-31 0
Unpaid minimum required contributions for all years 2019-10-31 0
2018: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2018 401k membership
Total participants, beginning-of-year 2018-11-01 35
Total number of active participants reported on line 7a of the Form 5500 2018-11-01 18
Number of retired or separated participants receiving benefits 2018-11-01 8
Number of other retired or separated participants entitled to future benefits 2018-11-01 7
Total of all active and inactive participants 2018-11-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-11-01 2
Total participants 2018-11-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-11-01 1
Market value of plan assets 2018-10-31 10,623,807
Acturial value of plan assets 2018-10-31 10,623,807
Funding target for retired participants and beneficiaries receiving payment 2018-10-31 2,823,282
Number of terminated vested participants 2018-10-31 4
Fundng target for terminated vested participants 2018-10-31 183,614
Active participant vested funding target 2018-10-31 3,599,472
Number of active participants 2018-10-31 21
Total funding liabilities for active participants 2018-10-31 3,629,659
Total participant count 2018-10-31 34
Total funding target for all participants 2018-10-31 6,636,555
Balance at beginning of prior year after applicable adjustments 2018-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-10-31 0
Amount remaining of carryover balance 2018-10-31 0
Amount remaining of prefunding balance 2018-10-31 0
Present value of excess contributions 2018-10-31 420,262
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-10-31 445,562
Balance of carryovers at beginning of current year 2018-10-31 0
Balance of prefunding at beginning of current year 2018-10-31 0
Total employer contributions 2018-10-31 425,000
Total employee contributions 2018-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-10-31 420,537
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-10-31 0
Remaining amount of unpaid minimum required contributions 2018-10-31 0
Minimum required contributions for current year target normal cost 2018-10-31 68,520
Total funding amount beforereflecting carryover/prefunding balances 2018-10-31 0
Additional cash requirement 2018-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-10-31 420,537
Unpaid minimum required contributions for current year 2018-10-31 0
Unpaid minimum required contributions for all years 2018-10-31 0
2017: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2017 401k membership
Total participants, beginning-of-year 2017-11-01 34
Total number of active participants reported on line 7a of the Form 5500 2017-11-01 20
Number of retired or separated participants receiving benefits 2017-11-01 10
Number of other retired or separated participants entitled to future benefits 2017-11-01 5
Total of all active and inactive participants 2017-11-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-11-01 0
Total participants 2017-11-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-11-01 0
Market value of plan assets 2017-10-31 9,179,502
Acturial value of plan assets 2017-10-31 9,179,502
Funding target for retired participants and beneficiaries receiving payment 2017-10-31 2,826,029
Number of terminated vested participants 2017-10-31 5
Fundng target for terminated vested participants 2017-10-31 189,653
Active participant vested funding target 2017-10-31 3,327,162
Number of active participants 2017-10-31 20
Total funding liabilities for active participants 2017-10-31 3,338,713
Total participant count 2017-10-31 33
Total funding target for all participants 2017-10-31 6,354,395
Balance at beginning of prior year after applicable adjustments 2017-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-10-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-10-31 0
Prefunding balanced used to offset prior years funding requirement 2017-10-31 0
Amount remaining of carryover balance 2017-10-31 0
Amount remaining of prefunding balance 2017-10-31 0
Present value of excess contributions 2017-10-31 420,400
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-10-31 446,549
Balance of carryovers at beginning of current year 2017-10-31 0
Balance of prefunding at beginning of current year 2017-10-31 0
Total employer contributions 2017-10-31 425,000
Total employee contributions 2017-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-10-31 420,262
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-10-31 0
Remaining amount of unpaid minimum required contributions 2017-10-31 0
Minimum required contributions for current year target normal cost 2017-10-31 56,418
Total funding amount beforereflecting carryover/prefunding balances 2017-10-31 0
Additional cash requirement 2017-10-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-10-31 420,262
Unpaid minimum required contributions for current year 2017-10-31 0
Unpaid minimum required contributions for all years 2017-10-31 0
2016: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2016 401k membership
Total participants, beginning-of-year 2016-11-01 33
Total number of active participants reported on line 7a of the Form 5500 2016-11-01 21
Number of retired or separated participants receiving benefits 2016-11-01 9
Number of other retired or separated participants entitled to future benefits 2016-11-01 4
Total of all active and inactive participants 2016-11-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-11-01 0
Total participants 2016-11-01 34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-11-01 1
2015: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2015 401k membership
Total participants, beginning-of-year 2015-11-01 32
Total number of active participants reported on line 7a of the Form 5500 2015-11-01 20
Number of retired or separated participants receiving benefits 2015-11-01 8
Number of other retired or separated participants entitled to future benefits 2015-11-01 5
Total of all active and inactive participants 2015-11-01 33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-11-01 0
Total participants 2015-11-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-11-01 1
2014: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2014 401k membership
Total participants, beginning-of-year 2014-11-01 31
Total number of active participants reported on line 7a of the Form 5500 2014-11-01 20
Number of retired or separated participants receiving benefits 2014-11-01 7
Number of other retired or separated participants entitled to future benefits 2014-11-01 5
Total of all active and inactive participants 2014-11-01 32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-11-01 0
Total participants 2014-11-01 32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-11-01 0
2013: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2013 401k membership
Total participants, beginning-of-year 2013-11-01 29
Total number of active participants reported on line 7a of the Form 5500 2013-11-01 22
Number of retired or separated participants receiving benefits 2013-11-01 5
Number of other retired or separated participants entitled to future benefits 2013-11-01 4
Total of all active and inactive participants 2013-11-01 31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-11-01 0
Total participants 2013-11-01 31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-11-01 0
2012: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2012 401k membership
Total participants, beginning-of-year 2012-11-01 29
Total number of active participants reported on line 7a of the Form 5500 2012-11-01 21
Number of retired or separated participants receiving benefits 2012-11-01 4
Number of other retired or separated participants entitled to future benefits 2012-11-01 4
Total of all active and inactive participants 2012-11-01 29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-11-01 0
Total participants 2012-11-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-11-01 0
2011: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2011 401k membership
Total participants, beginning-of-year 2011-11-01 29
Total number of active participants reported on line 7a of the Form 5500 2011-11-01 22
Number of retired or separated participants receiving benefits 2011-11-01 3
Number of other retired or separated participants entitled to future benefits 2011-11-01 4
Total of all active and inactive participants 2011-11-01 29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-11-01 0
Total participants 2011-11-01 29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-11-01 0
2009: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2009 401k membership
Total participants, beginning-of-year 2009-11-01 28
Total number of active participants reported on line 7a of the Form 5500 2009-11-01 24
Number of retired or separated participants receiving benefits 2009-11-01 2
Number of other retired or separated participants entitled to future benefits 2009-11-01 4
Total of all active and inactive participants 2009-11-01 30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-11-01 0
Total participants 2009-11-01 30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-11-01 0

Measure	Date	Value
2023: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2023 401k membership
Market value of plan assets	2023-10-31	10,567,767
Acturial value of plan assets	2023-10-31	10,567,767
Funding target for retired participants and beneficiaries receiving payment	2023-10-31	4,030,887
Number of terminated vested participants	2023-10-31	10
Fundng target for terminated vested participants	2023-10-31	983,000
Active participant vested funding target	2023-10-31	1,011,617
Number of active participants	2023-10-31	12
Total funding liabilities for active participants	2023-10-31	1,022,884
Total participant count	2023-10-31	36
Total funding target for all participants	2023-10-31	6,036,771
Balance at beginning of prior year after applicable adjustments	2023-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2023-10-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2023-10-31	0
Prefunding balanced used to offset prior years funding requirement	2023-10-31	0
Amount remaining of carryover balance	2023-10-31	0
Amount remaining of prefunding balance	2023-10-31	0
Present value of excess contributions	2023-10-31	418,224
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-10-31	438,884
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-10-31	0
Reductions in caryover balances due to elections or deemed elections	2023-10-31	0
Reductions in prefunding balances due to elections or deemed elections	2023-10-31	0
Balance of carryovers at beginning of current year	2023-10-31	0
Balance of prefunding at beginning of current year	2023-10-31	0
Total employer contributions	2023-10-31	0
Total employee contributions	2023-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2023-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2023-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-10-31	0
Unpaid minimum required contributions for all prior years	2023-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-10-31	0
Remaining amount of unpaid minimum required contributions	2023-10-31	0
Minimum required contributions for current year target normal cost	2023-10-31	121,854
Net shortfall amortization installment of oustanding balance	2023-10-31	0
Waiver amortization installment	2023-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2023-10-31	0
Carryover balance elected to use to offset funding requirement	2023-10-31	0
Prefunding balance elected to use to offset funding requirement	2023-10-31	0
Additional cash requirement	2023-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2023-10-31	0
Unpaid minimum required contributions for current year	2023-10-31	0
Unpaid minimum required contributions for all years	2023-10-31	0
2022: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2022 401k membership
Total participants, beginning-of-year	2022-11-01	36
Total number of active participants reported on line 7a of the Form 5500	2022-11-01	12
Number of retired or separated participants receiving benefits	2022-11-01	17
Number of other retired or separated participants entitled to future benefits	2022-11-01	8
Total of all active and inactive participants	2022-11-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-11-01	0
Total participants	2022-11-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-11-01	0
Market value of plan assets	2022-10-31	12,941,080
Acturial value of plan assets	2022-10-31	12,941,080
Funding target for retired participants and beneficiaries receiving payment	2022-10-31	3,885,543
Number of terminated vested participants	2022-10-31	9
Fundng target for terminated vested participants	2022-10-31	710,431
Active participant vested funding target	2022-10-31	1,688,932
Number of active participants	2022-10-31	16
Total funding liabilities for active participants	2022-10-31	1,731,350
Total participant count	2022-10-31	38
Total funding target for all participants	2022-10-31	6,327,324
Balance at beginning of prior year after applicable adjustments	2022-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-10-31	0
Amount remaining of carryover balance	2022-10-31	0
Amount remaining of prefunding balance	2022-10-31	0
Present value of excess contributions	2022-10-31	419,538
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-10-31	441,815
Balance of carryovers at beginning of current year	2022-10-31	0
Balance of prefunding at beginning of current year	2022-10-31	0
Total employer contributions	2022-10-31	425,000
Total employee contributions	2022-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-10-31	418,224
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-10-31	0
Remaining amount of unpaid minimum required contributions	2022-10-31	0
Minimum required contributions for current year target normal cost	2022-10-31	132,900
Total funding amount beforereflecting carryover/prefunding balances	2022-10-31	0
Additional cash requirement	2022-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-10-31	418,224
Unpaid minimum required contributions for current year	2022-10-31	0
Unpaid minimum required contributions for all years	2022-10-31	0
2021: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2021 401k membership
Total participants, beginning-of-year	2021-11-01	38
Total number of active participants reported on line 7a of the Form 5500	2021-11-01	12
Number of retired or separated participants receiving benefits	2021-11-01	13
Number of other retired or separated participants entitled to future benefits	2021-11-01	9
Total of all active and inactive participants	2021-11-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-11-01	1
Total participants	2021-11-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-11-01	1
Market value of plan assets	2021-10-31	12,367,890
Acturial value of plan assets	2021-10-31	12,367,890
Funding target for retired participants and beneficiaries receiving payment	2021-10-31	3,889,575
Number of terminated vested participants	2021-10-31	9
Fundng target for terminated vested participants	2021-10-31	638,549
Active participant vested funding target	2021-10-31	3,186,227
Number of active participants	2021-10-31	16
Total funding liabilities for active participants	2021-10-31	3,200,180
Total participant count	2021-10-31	37
Total funding target for all participants	2021-10-31	7,728,304
Balance at beginning of prior year after applicable adjustments	2021-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-10-31	0
Amount remaining of carryover balance	2021-10-31	0
Amount remaining of prefunding balance	2021-10-31	0
Present value of excess contributions	2021-10-31	420,319
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-10-31	443,268
Balance of carryovers at beginning of current year	2021-10-31	0
Balance of prefunding at beginning of current year	2021-10-31	0
Total employer contributions	2021-10-31	425,000
Total employee contributions	2021-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-10-31	419,538
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-10-31	0
Remaining amount of unpaid minimum required contributions	2021-10-31	0
Minimum required contributions for current year target normal cost	2021-10-31	86,774
Total funding amount beforereflecting carryover/prefunding balances	2021-10-31	0
Additional cash requirement	2021-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-10-31	419,538
Unpaid minimum required contributions for current year	2021-10-31	0
Unpaid minimum required contributions for all years	2021-10-31	0
2020: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2020 401k membership
Total participants, beginning-of-year	2020-11-01	37
Total number of active participants reported on line 7a of the Form 5500	2020-11-01	16
Number of retired or separated participants receiving benefits	2020-11-01	13
Number of other retired or separated participants entitled to future benefits	2020-11-01	8
Total of all active and inactive participants	2020-11-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-11-01	0
Total participants	2020-11-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-11-01	0
Market value of plan assets	2020-10-31	11,918,006
Acturial value of plan assets	2020-10-31	11,918,006
Funding target for retired participants and beneficiaries receiving payment	2020-10-31	2,689,975
Number of terminated vested participants	2020-10-31	8
Fundng target for terminated vested participants	2020-10-31	592,641
Active participant vested funding target	2020-10-31	4,116,289
Number of active participants	2020-10-31	18
Total funding liabilities for active participants	2020-10-31	4,143,491
Total participant count	2020-10-31	36
Total funding target for all participants	2020-10-31	7,426,107
Balance at beginning of prior year after applicable adjustments	2020-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-10-31	0
Amount remaining of carryover balance	2020-10-31	0
Amount remaining of prefunding balance	2020-10-31	0
Present value of excess contributions	2020-10-31	421,125
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-10-31	444,919
Balance of carryovers at beginning of current year	2020-10-31	0
Balance of prefunding at beginning of current year	2020-10-31	0
Total employer contributions	2020-10-31	425,000
Total employee contributions	2020-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-10-31	420,319
Remaining amount of unpaid minimum required contributions	2020-10-31	0
Minimum required contributions for current year target normal cost	2020-10-31	82,530
Total funding amount beforereflecting carryover/prefunding balances	2020-10-31	0
Additional cash requirement	2020-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-10-31	420,319
Unpaid minimum required contributions for current year	2020-10-31	0
Unpaid minimum required contributions for all years	2020-10-31	0
2019: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2019 401k membership
Total participants, beginning-of-year	2019-11-01	36
Total number of active participants reported on line 7a of the Form 5500	2019-11-01	16
Number of retired or separated participants receiving benefits	2019-11-01	12
Number of other retired or separated participants entitled to future benefits	2019-11-01	9
Total of all active and inactive participants	2019-11-01	37
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-11-01	0
Total participants	2019-11-01	37
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-11-01	0
Market value of plan assets	2019-10-31	10,641,320
Acturial value of plan assets	2019-10-31	10,641,320
Funding target for retired participants and beneficiaries receiving payment	2019-10-31	2,907,158
Number of terminated vested participants	2019-10-31	5
Fundng target for terminated vested participants	2019-10-31	436,481
Active participant vested funding target	2019-10-31	3,495,843
Number of active participants	2019-10-31	20
Total funding liabilities for active participants	2019-10-31	3,541,257
Total participant count	2019-10-31	35
Total funding target for all participants	2019-10-31	6,884,896
Balance at beginning of prior year after applicable adjustments	2019-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-10-31	0
Amount remaining of carryover balance	2019-10-31	0
Amount remaining of prefunding balance	2019-10-31	0
Present value of excess contributions	2019-10-31	420,537
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-10-31	445,054
Balance of carryovers at beginning of current year	2019-10-31	0
Balance of prefunding at beginning of current year	2019-10-31	0
Total employer contributions	2019-10-31	425,000
Total employee contributions	2019-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-10-31	421,125
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-10-31	0
Remaining amount of unpaid minimum required contributions	2019-10-31	0
Minimum required contributions for current year target normal cost	2019-10-31	89,564
Total funding amount beforereflecting carryover/prefunding balances	2019-10-31	0
Additional cash requirement	2019-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-10-31	421,125
Unpaid minimum required contributions for current year	2019-10-31	0
Unpaid minimum required contributions for all years	2019-10-31	0
2018: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2018 401k membership
Total participants, beginning-of-year	2018-11-01	35
Total number of active participants reported on line 7a of the Form 5500	2018-11-01	18
Number of retired or separated participants receiving benefits	2018-11-01	8
Number of other retired or separated participants entitled to future benefits	2018-11-01	7
Total of all active and inactive participants	2018-11-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-11-01	2
Total participants	2018-11-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-11-01	1
Market value of plan assets	2018-10-31	10,623,807
Acturial value of plan assets	2018-10-31	10,623,807
Funding target for retired participants and beneficiaries receiving payment	2018-10-31	2,823,282
Number of terminated vested participants	2018-10-31	4
Fundng target for terminated vested participants	2018-10-31	183,614
Active participant vested funding target	2018-10-31	3,599,472
Number of active participants	2018-10-31	21
Total funding liabilities for active participants	2018-10-31	3,629,659
Total participant count	2018-10-31	34
Total funding target for all participants	2018-10-31	6,636,555
Balance at beginning of prior year after applicable adjustments	2018-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-10-31	0
Amount remaining of carryover balance	2018-10-31	0
Amount remaining of prefunding balance	2018-10-31	0
Present value of excess contributions	2018-10-31	420,262
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-10-31	445,562
Balance of carryovers at beginning of current year	2018-10-31	0
Balance of prefunding at beginning of current year	2018-10-31	0
Total employer contributions	2018-10-31	425,000
Total employee contributions	2018-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-10-31	420,537
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-10-31	0
Remaining amount of unpaid minimum required contributions	2018-10-31	0
Minimum required contributions for current year target normal cost	2018-10-31	68,520
Total funding amount beforereflecting carryover/prefunding balances	2018-10-31	0
Additional cash requirement	2018-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-10-31	420,537
Unpaid minimum required contributions for current year	2018-10-31	0
Unpaid minimum required contributions for all years	2018-10-31	0
2017: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2017 401k membership
Total participants, beginning-of-year	2017-11-01	34
Total number of active participants reported on line 7a of the Form 5500	2017-11-01	20
Number of retired or separated participants receiving benefits	2017-11-01	10
Number of other retired or separated participants entitled to future benefits	2017-11-01	5
Total of all active and inactive participants	2017-11-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-11-01	0
Total participants	2017-11-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-11-01	0
Market value of plan assets	2017-10-31	9,179,502
Acturial value of plan assets	2017-10-31	9,179,502
Funding target for retired participants and beneficiaries receiving payment	2017-10-31	2,826,029
Number of terminated vested participants	2017-10-31	5
Fundng target for terminated vested participants	2017-10-31	189,653
Active participant vested funding target	2017-10-31	3,327,162
Number of active participants	2017-10-31	20
Total funding liabilities for active participants	2017-10-31	3,338,713
Total participant count	2017-10-31	33
Total funding target for all participants	2017-10-31	6,354,395
Balance at beginning of prior year after applicable adjustments	2017-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-10-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-10-31	0
Prefunding balanced used to offset prior years funding requirement	2017-10-31	0
Amount remaining of carryover balance	2017-10-31	0
Amount remaining of prefunding balance	2017-10-31	0
Present value of excess contributions	2017-10-31	420,400
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-10-31	446,549
Balance of carryovers at beginning of current year	2017-10-31	0
Balance of prefunding at beginning of current year	2017-10-31	0
Total employer contributions	2017-10-31	425,000
Total employee contributions	2017-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-10-31	420,262
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-10-31	0
Remaining amount of unpaid minimum required contributions	2017-10-31	0
Minimum required contributions for current year target normal cost	2017-10-31	56,418
Total funding amount beforereflecting carryover/prefunding balances	2017-10-31	0
Additional cash requirement	2017-10-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-10-31	420,262
Unpaid minimum required contributions for current year	2017-10-31	0
Unpaid minimum required contributions for all years	2017-10-31	0
2016: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2016 401k membership
Total participants, beginning-of-year	2016-11-01	33
Total number of active participants reported on line 7a of the Form 5500	2016-11-01	21
Number of retired or separated participants receiving benefits	2016-11-01	9
Number of other retired or separated participants entitled to future benefits	2016-11-01	4
Total of all active and inactive participants	2016-11-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-11-01	0
Total participants	2016-11-01	34
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-11-01	1
2015: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2015 401k membership
Total participants, beginning-of-year	2015-11-01	32
Total number of active participants reported on line 7a of the Form 5500	2015-11-01	20
Number of retired or separated participants receiving benefits	2015-11-01	8
Number of other retired or separated participants entitled to future benefits	2015-11-01	5
Total of all active and inactive participants	2015-11-01	33
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-11-01	0
Total participants	2015-11-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-11-01	1
2014: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2014 401k membership
Total participants, beginning-of-year	2014-11-01	31
Total number of active participants reported on line 7a of the Form 5500	2014-11-01	20
Number of retired or separated participants receiving benefits	2014-11-01	7
Number of other retired or separated participants entitled to future benefits	2014-11-01	5
Total of all active and inactive participants	2014-11-01	32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-11-01	0
Total participants	2014-11-01	32
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-11-01	0
2013: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2013 401k membership
Total participants, beginning-of-year	2013-11-01	29
Total number of active participants reported on line 7a of the Form 5500	2013-11-01	22
Number of retired or separated participants receiving benefits	2013-11-01	5
Number of other retired or separated participants entitled to future benefits	2013-11-01	4
Total of all active and inactive participants	2013-11-01	31
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-11-01	0
Total participants	2013-11-01	31
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-11-01	0
2012: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2012 401k membership
Total participants, beginning-of-year	2012-11-01	29
Total number of active participants reported on line 7a of the Form 5500	2012-11-01	21
Number of retired or separated participants receiving benefits	2012-11-01	4
Number of other retired or separated participants entitled to future benefits	2012-11-01	4
Total of all active and inactive participants	2012-11-01	29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-11-01	0
Total participants	2012-11-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-11-01	0
2011: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2011 401k membership
Total participants, beginning-of-year	2011-11-01	29
Total number of active participants reported on line 7a of the Form 5500	2011-11-01	22
Number of retired or separated participants receiving benefits	2011-11-01	3
Number of other retired or separated participants entitled to future benefits	2011-11-01	4
Total of all active and inactive participants	2011-11-01	29
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-11-01	0
Total participants	2011-11-01	29
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-11-01	0
2009: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2009 401k membership
Total participants, beginning-of-year	2009-11-01	28
Total number of active participants reported on line 7a of the Form 5500	2009-11-01	24
Number of retired or separated participants receiving benefits	2009-11-01	2
Number of other retired or separated participants entitled to future benefits	2009-11-01	4
Total of all active and inactive participants	2009-11-01	30
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-11-01	0
Total participants	2009-11-01	30
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-11-01	0

Financial Data on SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION

Measure	Date	Value
2023 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2023 401k financial data
Total income from all sources	2023-10-31	$580,027
Expenses. Total of all expenses incurred	2023-10-31	$512,708
Benefits paid (including direct rollovers)	2023-10-31	$512,708
Total plan assets at end of year	2023-10-31	$10,665,985
Total plan assets at beginning of year	2023-10-31	$10,598,666
Value of fidelity bond covering the plan	2023-10-31	$500,000
Other income received	2023-10-31	$580,027
Net income (gross income less expenses)	2023-10-31	$67,319
Net plan assets at end of year (total assets less liabilities)	2023-10-31	$10,665,985
Net plan assets at beginning of year (total assets less liabilities)	2023-10-31	$10,598,666
2022 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2022 401k financial data
Total income from all sources	2022-10-31	$-1,993,579
Expenses. Total of all expenses incurred	2022-10-31	$394,133
Benefits paid (including direct rollovers)	2022-10-31	$394,133
Total plan assets at end of year	2022-10-31	$10,598,666
Total plan assets at beginning of year	2022-10-31	$12,986,378
Value of fidelity bond covering the plan	2022-10-31	$500,000
Other income received	2022-10-31	$-2,418,579
Net income (gross income less expenses)	2022-10-31	$-2,387,712
Net plan assets at end of year (total assets less liabilities)	2022-10-31	$10,598,666
Net plan assets at beginning of year (total assets less liabilities)	2022-10-31	$12,986,378
Total contributions received or receivable from employer(s)	2022-10-31	$425,000
2021 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2021 401k financial data
Total income from all sources	2021-10-31	$3,300,381
Expenses. Total of all expenses incurred	2021-10-31	$2,724,287
Benefits paid (including direct rollovers)	2021-10-31	$2,724,287
Total plan assets at end of year	2021-10-31	$12,986,378
Total plan assets at beginning of year	2021-10-31	$12,410,284
Value of fidelity bond covering the plan	2021-10-31	$500,000
Other income received	2021-10-31	$2,875,381
Net income (gross income less expenses)	2021-10-31	$576,094
Net plan assets at end of year (total assets less liabilities)	2021-10-31	$12,986,378
Net plan assets at beginning of year (total assets less liabilities)	2021-10-31	$12,410,284
Total contributions received or receivable from employer(s)	2021-10-31	$425,000
2020 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2020 401k financial data
Total income from all sources	2020-10-31	$882,310
Expenses. Total of all expenses incurred	2020-10-31	$405,763
Benefits paid (including direct rollovers)	2020-10-31	$405,763
Total plan assets at end of year	2020-10-31	$12,410,284
Total plan assets at beginning of year	2020-10-31	$11,933,737
Value of fidelity bond covering the plan	2020-10-31	$500,000
Other income received	2020-10-31	$457,310
Net income (gross income less expenses)	2020-10-31	$476,547
Net plan assets at end of year (total assets less liabilities)	2020-10-31	$12,410,284
Net plan assets at beginning of year (total assets less liabilities)	2020-10-31	$11,933,737
Total contributions received or receivable from employer(s)	2020-10-31	$425,000
2019 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2019 401k financial data
Total income from all sources	2019-10-31	$1,556,067
Expenses. Total of all expenses incurred	2019-10-31	$288,321
Benefits paid (including direct rollovers)	2019-10-31	$288,321
Total plan assets at end of year	2019-10-31	$11,933,737
Total plan assets at beginning of year	2019-10-31	$10,665,991
Value of fidelity bond covering the plan	2019-10-31	$500,000
Other income received	2019-10-31	$1,131,067
Net income (gross income less expenses)	2019-10-31	$1,267,746
Net plan assets at end of year (total assets less liabilities)	2019-10-31	$11,933,737
Net plan assets at beginning of year (total assets less liabilities)	2019-10-31	$10,665,991
Total contributions received or receivable from employer(s)	2019-10-31	$425,000
2017 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2017 401k financial data
Total income from all sources	2017-10-31	$1,827,926
Expenses. Total of all expenses incurred	2017-10-31	$285,236
Benefits paid (including direct rollovers)	2017-10-31	$285,236
Total plan assets at end of year	2017-10-31	$10,737,818
Total plan assets at beginning of year	2017-10-31	$9,195,128
Value of fidelity bond covering the plan	2017-10-31	$500,000
Other income received	2017-10-31	$1,402,926
Net income (gross income less expenses)	2017-10-31	$1,542,690
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$10,737,818
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$9,195,128
Total contributions received or receivable from employer(s)	2017-10-31	$425,000
2016 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2016 401k financial data
Total income from all sources	2016-10-31	$760,683
Expenses. Total of all expenses incurred	2016-10-31	$271,991
Total plan assets at end of year	2016-10-31	$9,195,128
Total plan assets at beginning of year	2016-10-31	$8,706,436
Value of fidelity bond covering the plan	2016-10-31	$500,000
Other income received	2016-10-31	$335,683
Net income (gross income less expenses)	2016-10-31	$488,692
Net plan assets at end of year (total assets less liabilities)	2016-10-31	$9,195,128
Net plan assets at beginning of year (total assets less liabilities)	2016-10-31	$8,706,436
Total contributions received or receivable from employer(s)	2016-10-31	$425,000
Value of corrective distributions	2016-10-31	$271,991
2015 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2015 401k financial data
Total income from all sources	2015-10-31	$361,595
Expenses. Total of all expenses incurred	2015-10-31	$222,772
Benefits paid (including direct rollovers)	2015-10-31	$222,772
Total plan assets at end of year	2015-10-31	$8,706,436
Total plan assets at beginning of year	2015-10-31	$8,567,613
Value of fidelity bond covering the plan	2015-10-31	$500,000
Other income received	2015-10-31	$-63,405
Net income (gross income less expenses)	2015-10-31	$138,823
Net plan assets at end of year (total assets less liabilities)	2015-10-31	$8,706,436
Net plan assets at beginning of year (total assets less liabilities)	2015-10-31	$8,567,613
Total contributions received or receivable from employer(s)	2015-10-31	$425,000
2014 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2014 401k financial data
Total income from all sources	2014-10-31	$466,763
Expenses. Total of all expenses incurred	2014-10-31	$444,936
Benefits paid (including direct rollovers)	2014-10-31	$444,936
Total plan assets at end of year	2014-10-31	$8,567,613
Total plan assets at beginning of year	2014-10-31	$8,545,786
Value of fidelity bond covering the plan	2014-10-31	$500,000
Other income received	2014-10-31	$466,763
Net income (gross income less expenses)	2014-10-31	$21,827
Net plan assets at end of year (total assets less liabilities)	2014-10-31	$8,567,613
Net plan assets at beginning of year (total assets less liabilities)	2014-10-31	$8,545,786
2013 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2013 401k financial data
Total income from all sources	2013-10-31	$1,591,170
Expenses. Total of all expenses incurred	2013-10-31	$147,103
Benefits paid (including direct rollovers)	2013-10-31	$147,103
Total plan assets at end of year	2013-10-31	$8,545,786
Total plan assets at beginning of year	2013-10-31	$7,101,719
Value of fidelity bond covering the plan	2013-10-31	$500,000
Other income received	2013-10-31	$1,166,170
Net income (gross income less expenses)	2013-10-31	$1,444,067
Net plan assets at end of year (total assets less liabilities)	2013-10-31	$8,545,786
Net plan assets at beginning of year (total assets less liabilities)	2013-10-31	$7,101,719
Total contributions received or receivable from employer(s)	2013-10-31	$425,000
2012 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2012 401k financial data
Total income from all sources	2012-10-31	$1,410,878
Expenses. Total of all expenses incurred	2012-10-31	$99,835
Benefits paid (including direct rollovers)	2012-10-31	$99,835
Total plan assets at end of year	2012-10-31	$7,101,719
Total plan assets at beginning of year	2012-10-31	$5,790,676
Value of fidelity bond covering the plan	2012-10-31	$500,000
Other income received	2012-10-31	$560,878
Net income (gross income less expenses)	2012-10-31	$1,311,043
Net plan assets at end of year (total assets less liabilities)	2012-10-31	$7,101,719
Net plan assets at beginning of year (total assets less liabilities)	2012-10-31	$5,790,676
Total contributions received or receivable from employer(s)	2012-10-31	$850,000
2011 : SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2011 401k financial data
Total income from all sources	2011-10-31	$360,816
Expenses. Total of all expenses incurred	2011-10-31	$95,208
Benefits paid (including direct rollovers)	2011-10-31	$95,208
Total plan assets at end of year	2011-10-31	$5,790,676
Total plan assets at beginning of year	2011-10-31	$5,525,068
Value of fidelity bond covering the plan	2011-10-31	$500,000
Other income received	2011-10-31	$199,419
Net income (gross income less expenses)	2011-10-31	$265,608
Net plan assets at end of year (total assets less liabilities)	2011-10-31	$5,790,676
Net plan assets at beginning of year (total assets less liabilities)	2011-10-31	$5,525,068
Total contributions received or receivable from employer(s)	2011-10-31	$161,397

Form 5500 Responses for SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION

2022: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2022 form 5500 responses
2022-11-01	Type of plan entity	Single employer plan
2022-11-01	Submission has been amended	No
2022-11-01	This submission is the final filing	No
2022-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-11-01	Plan is a collectively bargained plan	No
2022-11-01	Plan funding arrangement – Trust	Yes
2022-11-01	Plan benefit arrangement - Trust	Yes
2021: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2021 form 5500 responses
2021-11-01	Type of plan entity	Single employer plan
2021-11-01	Submission has been amended	No
2021-11-01	This submission is the final filing	No
2021-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-11-01	Plan is a collectively bargained plan	No
2021-11-01	Plan funding arrangement – Trust	Yes
2021-11-01	Plan benefit arrangement - Trust	Yes
2020: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2020 form 5500 responses
2020-11-01	Type of plan entity	Single employer plan
2020-11-01	Submission has been amended	No
2020-11-01	This submission is the final filing	No
2020-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-11-01	Plan is a collectively bargained plan	No
2020-11-01	Plan funding arrangement – Trust	Yes
2020-11-01	Plan benefit arrangement - Trust	Yes
2019: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2019 form 5500 responses
2019-11-01	Type of plan entity	Single employer plan
2019-11-01	Submission has been amended	No
2019-11-01	This submission is the final filing	No
2019-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-11-01	Plan is a collectively bargained plan	No
2019-11-01	Plan funding arrangement – Trust	Yes
2019-11-01	Plan benefit arrangement - Trust	Yes
2018: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2018 form 5500 responses
2018-11-01	Type of plan entity	Single employer plan
2018-11-01	Submission has been amended	No
2018-11-01	This submission is the final filing	No
2018-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-11-01	Plan is a collectively bargained plan	No
2018-11-01	Plan funding arrangement – Trust	Yes
2018-11-01	Plan benefit arrangement - Trust	Yes
2017: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2017 form 5500 responses
2017-11-01	Type of plan entity	Single employer plan
2017-11-01	Submission has been amended	No
2017-11-01	This submission is the final filing	No
2017-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-11-01	Plan is a collectively bargained plan	No
2017-11-01	Plan funding arrangement – Trust	Yes
2017-11-01	Plan benefit arrangement - Trust	Yes
2016: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2016 form 5500 responses
2016-11-01	Type of plan entity	Single employer plan
2016-11-01	Submission has been amended	No
2016-11-01	This submission is the final filing	No
2016-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-11-01	Plan is a collectively bargained plan	No
2016-11-01	Plan funding arrangement – Trust	Yes
2016-11-01	Plan benefit arrangement - Trust	Yes
2015: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2015 form 5500 responses
2015-11-01	Type of plan entity	Single employer plan
2015-11-01	Submission has been amended	No
2015-11-01	This submission is the final filing	No
2015-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-11-01	Plan is a collectively bargained plan	No
2015-11-01	Plan funding arrangement – Trust	Yes
2015-11-01	Plan benefit arrangement - Trust	Yes
2014: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2014 form 5500 responses
2014-11-01	Type of plan entity	Single employer plan
2014-11-01	Submission has been amended	No
2014-11-01	This submission is the final filing	No
2014-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-11-01	Plan is a collectively bargained plan	No
2014-11-01	Plan funding arrangement – Trust	Yes
2014-11-01	Plan benefit arrangement - Trust	Yes
2013: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2013 form 5500 responses
2013-11-01	Type of plan entity	Single employer plan
2013-11-01	Submission has been amended	No
2013-11-01	This submission is the final filing	No
2013-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-11-01	Plan is a collectively bargained plan	No
2013-11-01	Plan funding arrangement – Trust	Yes
2013-11-01	Plan benefit arrangement - Trust	Yes
2012: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2012 form 5500 responses
2012-11-01	Type of plan entity	Single employer plan
2012-11-01	Submission has been amended	No
2012-11-01	This submission is the final filing	No
2012-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-11-01	Plan is a collectively bargained plan	No
2012-11-01	Plan funding arrangement – Trust	Yes
2012-11-01	Plan benefit arrangement - Trust	Yes
2011: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2011 form 5500 responses
2011-11-01	Type of plan entity	Single employer plan
2011-11-01	Submission has been amended	No
2011-11-01	This submission is the final filing	No
2011-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-11-01	Plan is a collectively bargained plan	No
2011-11-01	Plan funding arrangement – Trust	Yes
2011-11-01	Plan benefit arrangement - Trust	Yes
2009: SBERA PENSION PLAN AS ADOPTED BY MASSACHUSETTS BANKERS ASSOCIATION 2009 form 5500 responses
2009-11-01	Type of plan entity	Single employer plan
2009-11-01	Submission has been amended	No
2009-11-01	This submission is the final filing	No
2009-11-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-11-01	Plan is a collectively bargained plan	No
2009-11-01	Plan funding arrangement – Trust	Yes
2009-11-01	Plan benefit arrangement - Trust	Yes

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Company Name:	MASSACHUSETTS BANKERS ASSOCIATION, INC.
Employer identification number (EIN):	041589780
NAIC Classification:	522120
NAIC Description:	Savings Institutions