SALEM FIVE CENTS SAVINGS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN
401k plan membership statisitcs for GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN
| Measure | Date | Value |
|---|
| 2018: GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership |
|---|
| Total participants, beginning-of-year | 2018-01-01 | 74 |
| 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: GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership |
|---|
| Total participants, beginning-of-year | 2017-01-01 | 68 |
| Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 33 |
| 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 | 40 |
| Total of all active and inactive participants | 2017-01-01 | 73 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 1 |
| Total participants | 2017-01-01 | 74 |
| Number of participants with account balances | 2017-01-01 | 74 |
| Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 0 |
| Measure | Date | Value |
|---|
| 2018 : GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data |
|---|
| Transfers to/from the plan | 2018-05-15 | $0 |
| Total plan liabilities at end of year | 2018-05-15 | $0 |
| Total plan liabilities at beginning of year | 2018-05-15 | $0 |
| Total income from all sources | 2018-05-15 | $2,602 |
| Expenses. Total of all expenses incurred | 2018-05-15 | $1,027,399 |
| Benefits paid (including direct rollovers) | 2018-05-15 | $1,024,797 |
| Total plan assets at end of year | 2018-05-15 | $0 |
| Total plan assets at beginning of year | 2018-05-15 | $1,024,797 |
| Value of fidelity bond covering the plan | 2018-05-15 | $1,000,000 |
| Expenses. Other expenses not covered elsewhere | 2018-05-15 | $2,602 |
| Other income received | 2018-05-15 | $2,602 |
| Net income (gross income less expenses) | 2018-05-15 | $-1,024,797 |
| Net plan assets at end of year (total assets less liabilities) | 2018-05-15 | $0 |
| Net plan assets at beginning of year (total assets less liabilities) | 2018-05-15 | $1,024,797 |
| 2017 : GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data |
|---|
| Total plan liabilities at end of year | 2017-12-31 | $0 |
| Total plan liabilities at beginning of year | 2017-12-31 | $874,202 |
| Total income from all sources | 2017-12-31 | $52,098 |
| Expenses. Total of all expenses incurred | 2017-12-31 | $1,858,139 |
| Benefits paid (including direct rollovers) | 2017-12-31 | $1,847,008 |
| Total plan assets at end of year | 2017-12-31 | $1,024,797 |
| Total plan assets at beginning of year | 2017-12-31 | $3,705,040 |
| Value of fidelity bond covering the plan | 2017-12-31 | $1,000,000 |
| Expenses. Other expenses not covered elsewhere | 2017-12-31 | $11,131 |
| Other income received | 2017-12-31 | $48,310 |
| Net income (gross income less expenses) | 2017-12-31 | $-1,806,041 |
| Net plan assets at end of year (total assets less liabilities) | 2017-12-31 | $1,024,797 |
| Net plan assets at beginning of year (total assets less liabilities) | 2017-12-31 | $2,830,838 |
| Total contributions received or receivable from employer(s) | 2017-12-31 | $3,788 |
| 2018: GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 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: GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN 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 |
Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.
See full terms and conditions
