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

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

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

SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD 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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

NORTH BROOKFIELD SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name: NORTH BROOKFIELD SAVINGS BANK

Employer identification number (EIN): 874195885

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

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

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

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

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

Measure Date Value
2023: SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2023 401k membership
Total participants, beginning-of-year 2023-01-01 107
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 56
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 52
Total of all active and inactive participants 2023-01-01 108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 108
Number of participants with account balances 2023-01-01 103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2022 401k membership
Total participants, beginning-of-year 2022-01-01 116
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 62
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 45
Total of all active and inactive participants 2022-01-01 107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 107
Number of participants with account balances 2022-01-01 105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2021 401k membership
Total participants, beginning-of-year 2021-01-01 101
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 73
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 43
Total of all active and inactive participants 2021-01-01 116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 116
Number of participants with account balances 2021-01-01 108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0

Measure	Date	Value
2023: SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2023 401k membership
Total participants, beginning-of-year	2023-01-01	107
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	56
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	52
Total of all active and inactive participants	2023-01-01	108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	108
Number of participants with account balances	2023-01-01	103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2022 401k membership
Total participants, beginning-of-year	2022-01-01	116
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	62
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	45
Total of all active and inactive participants	2022-01-01	107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	107
Number of participants with account balances	2022-01-01	105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2021 401k membership
Total participants, beginning-of-year	2021-01-01	101
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	73
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	43
Total of all active and inactive participants	2021-01-01	116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	116
Number of participants with account balances	2021-01-01	108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0

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

Measure	Date	Value
2023 : SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2023 401k financial data
Total income from all sources	2023-12-31	$1,048,453
Expenses. Total of all expenses incurred	2023-12-31	$163,119
Benefits paid (including direct rollovers)	2023-12-31	$162,919
Total plan assets at end of year	2023-12-31	$4,103,347
Total plan assets at beginning of year	2023-12-31	$3,218,013
Value of fidelity bond covering the plan	2023-12-31	$321,802
Total contributions received or receivable from participants	2023-12-31	$274,785
Contributions received from other sources (not participants or employers)	2023-12-31	$87,104
Other income received	2023-12-31	$593,594
Net income (gross income less expenses)	2023-12-31	$885,334
Net plan assets at end of year (total assets less liabilities)	2023-12-31	$4,103,347
Net plan assets at beginning of year (total assets less liabilities)	2023-12-31	$3,218,013
Assets. Value of participant loans	2023-12-31	$19,759
Total contributions received or receivable from employer(s)	2023-12-31	$92,970
Expenses. Administrative service providers (salaries,fees and commissions)	2023-12-31	$200
2022 : SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2022 401k financial data
Total income from all sources	2022-12-31	$-217,105
Expenses. Total of all expenses incurred	2022-12-31	$624,657
Benefits paid (including direct rollovers)	2022-12-31	$622,180
Total plan assets at end of year	2022-12-31	$3,218,013
Total plan assets at beginning of year	2022-12-31	$4,059,775
Value of fidelity bond covering the plan	2022-12-31	$405,978
Total contributions received or receivable from participants	2022-12-31	$298,721
Other income received	2022-12-31	$-612,296
Net income (gross income less expenses)	2022-12-31	$-841,762
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$3,218,013
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$4,059,775
Assets. Value of participant loans	2022-12-31	$23,747
Total contributions received or receivable from employer(s)	2022-12-31	$96,470
Value of corrective distributions	2022-12-31	$2,327
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$150
2021 : SBERA 401(K) PLAN AS ADOPTED BY NORTH BROOKFIELD SAVINGS BANK 2021 401k financial data
Total income from all sources	2021-12-31	$884,189
Expenses. Total of all expenses incurred	2021-12-31	$477,343
Benefits paid (including direct rollovers)	2021-12-31	$477,143
Total plan assets at end of year	2021-12-31	$4,059,775
Total plan assets at beginning of year	2021-12-31	$3,652,929
Value of fidelity bond covering the plan	2021-12-31	$365,293
Total contributions received or receivable from participants	2021-12-31	$262,908
Expenses. Other expenses not covered elsewhere	2021-12-31	$200
Other income received	2021-12-31	$537,921
Net income (gross income less expenses)	2021-12-31	$406,846
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$4,059,775
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,652,929
Assets. Value of participant loans	2021-12-31	$28,836
Total contributions received or receivable from employer(s)	2021-12-31	$83,360
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0

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

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

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Company Name:	NORTH BROOKFIELD SAVINGS BANK
Employer identification number (EIN):	874195885
NAIC Classification:	522120
NAIC Description:	Savings Institutions