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

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

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

SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS 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.
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

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

Company Name: CORNERSTONE BANK

Employer identification number (EIN): 041856390

NAIC Classification: 522120
NAIC Description: Savings Institutions

Additional information about CORNERSTONE BANK

Jurisdiction of Incorporation: Commonwealth of Massachusetts Corporations Division

Incorporation Date:

Company Identification Number: 000949932

More information about CORNERSTONE BANK

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2018-01-01 THOMAS FORESE, JR.
002 2017-01-01 THOMAS FORESE, JR.
002 2016-01-01 THOMAS FORESE, JR.
002 2015-01-01 THOMAS FORESE, JR.
002 2014-01-01 THOMAS FORESE, JR.
002 2013-01-01 THOMAS FORESE JR
002 2012-01-01 THOMAS FORESE JR.
002 2011-01-01 THOMAS FORESE JR.
002 2010-01-01 THOMAS FORESE JR.
002 2009-01-01 THOMAS FORESE JR

Plan id#	Filing Submission Date	Name of Administrator
002	2018-01-01	THOMAS FORESE, JR.
002	2017-01-01	THOMAS FORESE, JR.
002	2016-01-01	THOMAS FORESE, JR.
002	2015-01-01	THOMAS FORESE, JR.
002	2014-01-01	THOMAS FORESE, JR.
002	2013-01-01	THOMAS FORESE JR
002	2012-01-01	THOMAS FORESE JR.
002	2011-01-01	THOMAS FORESE JR.
002	2010-01-01	THOMAS FORESE JR.
002	2009-01-01	THOMAS FORESE JR

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

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

Measure Date Value
2018: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2018 401k membership
Total participants, beginning-of-year 2018-01-01 101
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 0
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 0
Total of all active and inactive participants 2018-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 0
Number of participants with account balances 2018-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0
2017: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2017 401k membership
Total participants, beginning-of-year 2017-01-01 123
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 78
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 23
Total of all active and inactive participants 2017-01-01 101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 101
Number of participants with account balances 2017-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 0
2016: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year 2016-01-01 127
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 87
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 36
Total of all active and inactive participants 2016-01-01 123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 123
Number of participants with account balances 2016-01-01 111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 0
2015: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year 2015-01-01 120
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 97
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 30
Total of all active and inactive participants 2015-01-01 127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 127
Number of participants with account balances 2015-01-01 115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 1
2014: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year 2014-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 94
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 26
Total of all active and inactive participants 2014-01-01 120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 120
Number of participants with account balances 2014-01-01 109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year 2013-01-01 120
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 96
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 28
Total of all active and inactive participants 2013-01-01 124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 124
Number of participants with account balances 2013-01-01 112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 2
2012: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year 2012-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 95
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 25
Total of all active and inactive participants 2012-01-01 120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 120
Number of participants with account balances 2012-01-01 110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year 2011-01-01 104
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 92
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 19
Total of all active and inactive participants 2011-01-01 111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 111
Number of participants with account balances 2011-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2010 401k membership
Total participants, beginning-of-year 2010-01-01 93
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 89
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 15
Total of all active and inactive participants 2010-01-01 104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 104
Number of participants with account balances 2010-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 0
2009: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year 2009-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 80
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 13
Total of all active and inactive participants 2009-01-01 93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 93
Number of participants with account balances 2009-01-01 78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2018: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2018 401k membership
Total participants, beginning-of-year	2018-01-01	101
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	0
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	0
Total of all active and inactive participants	2018-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	0
Number of participants with account balances	2018-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0
2017: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2017 401k membership
Total participants, beginning-of-year	2017-01-01	123
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	78
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	23
Total of all active and inactive participants	2017-01-01	101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	101
Number of participants with account balances	2017-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	0
2016: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2016 401k membership
Total participants, beginning-of-year	2016-01-01	127
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	87
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	36
Total of all active and inactive participants	2016-01-01	123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	123
Number of participants with account balances	2016-01-01	111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	0
2015: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2015 401k membership
Total participants, beginning-of-year	2015-01-01	120
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	97
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	30
Total of all active and inactive participants	2015-01-01	127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	127
Number of participants with account balances	2015-01-01	115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	1
2014: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2014 401k membership
Total participants, beginning-of-year	2014-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	94
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	26
Total of all active and inactive participants	2014-01-01	120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	120
Number of participants with account balances	2014-01-01	109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2013 401k membership
Total participants, beginning-of-year	2013-01-01	120
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	96
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	28
Total of all active and inactive participants	2013-01-01	124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	124
Number of participants with account balances	2013-01-01	112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	2
2012: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2012 401k membership
Total participants, beginning-of-year	2012-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	95
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	25
Total of all active and inactive participants	2012-01-01	120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	120
Number of participants with account balances	2012-01-01	110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2011 401k membership
Total participants, beginning-of-year	2011-01-01	104
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	92
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	19
Total of all active and inactive participants	2011-01-01	111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	111
Number of participants with account balances	2011-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2010 401k membership
Total participants, beginning-of-year	2010-01-01	93
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	89
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	15
Total of all active and inactive participants	2010-01-01	104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	104
Number of participants with account balances	2010-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	0
2009: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2009 401k membership
Total participants, beginning-of-year	2009-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	80
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	13
Total of all active and inactive participants	2009-01-01	93
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	93
Number of participants with account balances	2009-01-01	78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

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

Measure	Date	Value
2018 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2018 401k financial data
Total unrealized appreciation/depreciation of assets	2018-09-17	$0
Total transfer of assets from this plan	2018-09-17	$6,546,094
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-09-17	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-09-17	$0
Total income from all sources (including contributions)	2018-09-17	$1,233,918
Total loss/gain on sale of assets	2018-09-17	$0
Total of all expenses incurred	2018-09-17	$179,292
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-09-17	$179,292
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-09-17	$816,686
Value of total assets at end of year	2018-09-17	$0
Value of total assets at beginning of year	2018-09-17	$5,491,468
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-09-17	$0
Total interest from all sources	2018-09-17	$508
Total dividends received (eg from common stock, registered investment company shares)	2018-09-17	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-09-17	No
Was this plan covered by a fidelity bond	2018-09-17	Yes
Value of fidelity bond cover	2018-09-17	$500,000
If this is an individual account plan, was there a blackout period	2018-09-17	Yes
Were there any nonexempt tranactions with any party-in-interest	2018-09-17	No
Contributions received from participants	2018-09-17	$305,409
Participant contributions at end of year	2018-09-17	$0
Participant contributions at beginning of year	2018-09-17	$15,057
Income. Received or receivable in cash from other sources (including rollovers)	2018-09-17	$86,898
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-09-17	No
Value of net income/loss	2018-09-17	$1,054,626
Value of net assets at end of year (total assets less liabilities)	2018-09-17	$0
Value of net assets at beginning of year (total assets less liabilities)	2018-09-17	$5,491,468
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-09-17	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-09-17	No
Were any leases to which the plan was party in default or uncollectible	2018-09-17	No
Interest on participant loans	2018-09-17	$508
Value of interest in common/collective trusts at end of year	2018-09-17	$0
Value of interest in common/collective trusts at beginning of year	2018-09-17	$5,476,411
Net investment gain or loss from common/collective trusts	2018-09-17	$416,724
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-09-17	No
Was there a failure to transmit to the plan any participant contributions	2018-09-17	No
Has the plan failed to provide any benefit when due under the plan	2018-09-17	No
Contributions received in cash from employer	2018-09-17	$424,379
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-09-17	$179,292
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	2018-09-17	Yes
Did the plan have assets held for investment	2018-09-17	No
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	2018-09-17	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-09-17	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-09-17	No
Opinion of an independent qualified public accountant for this plan	2018-09-17	Unqualified
Accountancy firm name	2018-09-17	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2018-09-17	203985546
2017 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2017 401k financial data
Total unrealized appreciation/depreciation of assets	2017-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$0
Total income from all sources (including contributions)	2017-12-31	$1,166,885
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$583,830
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$578,976
Expenses. Certain deemed distributions of participant loans	2017-12-31	$4,854
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$351,837
Value of total assets at end of year	2017-12-31	$5,491,468
Value of total assets at beginning of year	2017-12-31	$4,908,413
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$0
Total interest from all sources	2017-12-31	$904
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$500,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$351,837
Participant contributions at end of year	2017-12-31	$15,057
Participant contributions at beginning of year	2017-12-31	$26,007
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$583,055
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$5,491,468
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$4,908,413
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Interest on participant loans	2017-12-31	$904
Value of interest in common/collective trusts at end of year	2017-12-31	$5,476,411
Value of interest in common/collective trusts at beginning of year	2017-12-31	$4,882,406
Net investment gain or loss from common/collective trusts	2017-12-31	$814,144
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$578,976
Did the plan have assets held for investment	2017-12-31	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	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	No
Opinion of an independent qualified public accountant for this plan	2017-12-31	Unqualified
Accountancy firm name	2017-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2017-12-31	203985546
2016 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Total income from all sources (including contributions)	2016-12-31	$699,740
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$108,471
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$96,640
Expenses. Certain deemed distributions of participant loans	2016-12-31	$11,552
Value of total corrective distributions	2016-12-31	$279
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$336,281
Value of total assets at end of year	2016-12-31	$4,908,413
Value of total assets at beginning of year	2016-12-31	$4,317,144
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$0
Total interest from all sources	2016-12-31	$1,008
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$500,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$336,281
Participant contributions at end of year	2016-12-31	$26,007
Participant contributions at beginning of year	2016-12-31	$35,455
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$591,269
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$4,908,413
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$4,317,144
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Interest on participant loans	2016-12-31	$1,008
Value of interest in common/collective trusts at end of year	2016-12-31	$4,882,406
Value of interest in common/collective trusts at beginning of year	2016-12-31	$4,281,689
Net investment gain or loss from common/collective trusts	2016-12-31	$362,451
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$96,640
Did the plan have assets held for investment	2016-12-31	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	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	No
Opinion of an independent qualified public accountant for this plan	2016-12-31	Unqualified
Accountancy firm name	2016-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2016-12-31	203985546
2015 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2015 401k financial data
Total unrealized appreciation/depreciation of assets	2015-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2015-12-31	$0
Total income from all sources (including contributions)	2015-12-31	$329,176
Total loss/gain on sale of assets	2015-12-31	$0
Total of all expenses incurred	2015-12-31	$117,307
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2015-12-31	$116,930
Expenses. Certain deemed distributions of participant loans	2015-12-31	$377
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2015-12-31	$358,922
Value of total assets at end of year	2015-12-31	$4,317,144
Value of total assets at beginning of year	2015-12-31	$4,105,275
Total of administrative expenses incurred including professional, contract, advisory and management fees	2015-12-31	$0
Total interest from all sources	2015-12-31	$1,704
Total dividends received (eg from common stock, registered investment company shares)	2015-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2015-12-31	No
Was this plan covered by a fidelity bond	2015-12-31	Yes
Value of fidelity bond cover	2015-12-31	$410,528
If this is an individual account plan, was there a blackout period	2015-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2015-12-31	No
Contributions received from participants	2015-12-31	$335,167
Participant contributions at end of year	2015-12-31	$35,455
Participant contributions at beginning of year	2015-12-31	$49,373
Income. Received or receivable in cash from other sources (including rollovers)	2015-12-31	$23,755
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2015-12-31	No
Value of net income/loss	2015-12-31	$211,869
Value of net assets at end of year (total assets less liabilities)	2015-12-31	$4,317,144
Value of net assets at beginning of year (total assets less liabilities)	2015-12-31	$4,105,275
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2015-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2015-12-31	No
Were any leases to which the plan was party in default or uncollectible	2015-12-31	No
Interest on participant loans	2015-12-31	$1,704
Value of interest in common/collective trusts at end of year	2015-12-31	$4,281,689
Value of interest in common/collective trusts at beginning of year	2015-12-31	$4,055,902
Net investment gain or loss from common/collective trusts	2015-12-31	$-31,450
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2015-12-31	No
Was there a failure to transmit to the plan any participant contributions	2015-12-31	No
Has the plan failed to provide any benefit when due under the plan	2015-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2015-12-31	$116,930
Did the plan have assets held for investment	2015-12-31	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	2015-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2015-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2015-12-31	No
Opinion of an independent qualified public accountant for this plan	2015-12-31	Unqualified
Accountancy firm name	2015-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2015-12-31	203985546
2014 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$548,600
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$163,224
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$142,541
Expenses. Certain deemed distributions of participant loans	2014-12-31	$15,940
Value of total corrective distributions	2014-12-31	$4,743
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$346,055
Value of total assets at end of year	2014-12-31	$4,105,275
Value of total assets at beginning of year	2014-12-31	$3,719,899
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$0
Total interest from all sources	2014-12-31	$2,253
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$371,990
If this is an individual account plan, was there a blackout period	2014-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$324,087
Participant contributions at end of year	2014-12-31	$49,373
Participant contributions at beginning of year	2014-12-31	$65,075
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$21,968
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$385,376
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$4,105,275
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$3,719,899
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Interest on participant loans	2014-12-31	$2,253
Value of interest in common/collective trusts at end of year	2014-12-31	$4,055,902
Value of interest in common/collective trusts at beginning of year	2014-12-31	$3,654,824
Net investment gain or loss from common/collective trusts	2014-12-31	$200,292
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$142,541
Did the plan have assets held for investment	2014-12-31	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	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	No
Opinion of an independent qualified public accountant for this plan	2014-12-31	Unqualified
Accountancy firm name	2014-12-31	JOHNSON OCONNOR FERON & CARUCCI LLP
Accountancy firm EIN	2014-12-31	203985546
2013 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2013 401k financial data
Total income from all sources	2013-12-31	$1,020,433
Expenses. Total of all expenses incurred	2013-12-31	$550,355
Benefits paid (including direct rollovers)	2013-12-31	$550,355
Total plan assets at end of year	2013-12-31	$3,719,899
Total plan assets at beginning of year	2013-12-31	$3,249,821
Value of fidelity bond covering the plan	2013-12-31	$324,982
Total contributions received or receivable from participants	2013-12-31	$303,889
Contributions received from other sources (not participants or employers)	2013-12-31	$82,780
Other income received	2013-12-31	$633,764
Net income (gross income less expenses)	2013-12-31	$470,078
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$3,719,899
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$3,249,821
Assets. Value of participant loans	2013-12-31	$65,075
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2012 401k financial data
Total income from all sources	2012-12-31	$801,261
Expenses. Total of all expenses incurred	2012-12-31	$15,673
Benefits paid (including direct rollovers)	2012-12-31	$15,008
Total plan assets at end of year	2012-12-31	$3,249,821
Total plan assets at beginning of year	2012-12-31	$2,464,233
Value of fidelity bond covering the plan	2012-12-31	$246,424
Total contributions received or receivable from participants	2012-12-31	$285,204
Contributions received from other sources (not participants or employers)	2012-12-31	$228,629
Other income received	2012-12-31	$287,428
Net income (gross income less expenses)	2012-12-31	$785,588
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$3,249,821
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$2,464,233
Assets. Value of participant loans	2012-12-31	$34,916
Total contributions received or receivable from employer(s)	2012-12-31	$0
Value of certain deemed distributions of participant loans	2012-12-31	$0
Value of corrective distributions	2012-12-31	$665
2011 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2011 401k financial data
Total income from all sources	2011-12-31	$293,587
Expenses. Total of all expenses incurred	2011-12-31	$364,020
Benefits paid (including direct rollovers)	2011-12-31	$356,416
Total plan assets at end of year	2011-12-31	$2,464,233
Total plan assets at beginning of year	2011-12-31	$2,534,666
Value of fidelity bond covering the plan	2011-12-31	$253,467
Total contributions received or receivable from participants	2011-12-31	$275,127
Contributions received from other sources (not participants or employers)	2011-12-31	$0
Other income received	2011-12-31	$18,460
Net income (gross income less expenses)	2011-12-31	$-70,433
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$2,464,233
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$2,534,666
Assets. Value of participant loans	2011-12-31	$26,580
Total contributions received or receivable from employer(s)	2011-12-31	$0
Value of certain deemed distributions of participant loans	2011-12-31	$7,604
Value of corrective distributions	2011-12-31	$0
2010 : SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2010 401k financial data
Total income from all sources	2010-12-31	$664,960
Expenses. Total of all expenses incurred	2010-12-31	$64,705
Benefits paid (including direct rollovers)	2010-12-31	$64,705
Total plan assets at end of year	2010-12-31	$2,534,666
Total plan assets at beginning of year	2010-12-31	$1,934,411
Value of fidelity bond covering the plan	2010-12-31	$193,441
Total contributions received or receivable from participants	2010-12-31	$254,175
Contributions received from other sources (not participants or employers)	2010-12-31	$149,080
Other income received	2010-12-31	$261,705
Net income (gross income less expenses)	2010-12-31	$600,255
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,534,666
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,934,411
Assets. Value of participant loans	2010-12-31	$34,640
Total contributions received or receivable from employer(s)	2010-12-31	$0
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0

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

2018: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS 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	Yes
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
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
2017: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: SBERA 401(K) PLAN AS ADOPTED BY SPENCER SAVINGS BANK 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CORNERSTONE BANK
Employer identification number (EIN):	041856390
NAIC Classification:	522120
NAIC Description:	Savings Institutions

Jurisdiction of Incorporation:	Commonwealth of Massachusetts Corporations Division
Incorporation Date:
Company Identification Number:	000949932