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MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameMA BANK EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

MA BANK EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • The employer maintaining this ESOP is an S Corporation
  • 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.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

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

Company Name:MA BANK
Employer identification number (EIN):430388860
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MA BANK EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01CARRIE BERGFIELD2024-07-24
0022022-01-01CARRIE BERGFIELD2023-07-18
0022021-01-01CARRIE BERGFIELD2022-05-12
0022020-01-01CARRIE BERGFIELD2021-05-07
0022019-01-01CARRIE BERGFIELD2020-07-22
0022018-01-01
0022017-01-01
0022016-01-01JAMES NEILL JAMES NEILL2017-07-20
0022015-01-01JAMES NEILL JAMES NEILL2016-05-09
0022014-01-01JAMES NEILL JAMES NEILL2015-08-27
0022013-01-01JAMES R. NEILL
0022012-01-01JAMES NEILL JAMES NEILL2013-04-08
0022011-01-01JAMES NEILL JAMES NEILL2012-09-14
0022010-01-01JAMES NEILL
0022009-01-01JAMES NEILL
0022009-01-01 JAMES NEILL2010-07-27
0022009-01-01 JAMES NEILL2010-07-27

Plan Statistics for MA BANK EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for MA BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0180
Total number of active participants reported on line 7a of the Form 55002023-01-0155
Number of retired or separated participants receiving benefits2023-01-0112
Number of other retired or separated participants entitled to future benefits2023-01-0111
Total of all active and inactive participants2023-01-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0178
Number of participants with account balances2023-01-0177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-014
2022: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0173
Total number of active participants reported on line 7a of the Form 55002022-01-0155
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0120
Total of all active and inactive participants2022-01-0176
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0176
Number of participants with account balances2022-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0176
Total number of active participants reported on line 7a of the Form 55002021-01-0154
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0115
Total of all active and inactive participants2021-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0169
Number of participants with account balances2021-01-0169
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0170
Total number of active participants reported on line 7a of the Form 55002020-01-0151
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0121
Total of all active and inactive participants2020-01-0172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0172
Number of participants with account balances2020-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0159
Total number of active participants reported on line 7a of the Form 55002019-01-0146
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0116
Total of all active and inactive participants2019-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0162
Number of participants with account balances2019-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-013
2018: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0157
Total number of active participants reported on line 7a of the Form 55002018-01-0146
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0110
Total of all active and inactive participants2018-01-0156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0156
Number of participants with account balances2018-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0158
Total number of active participants reported on line 7a of the Form 55002017-01-0146
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-019
Total of all active and inactive participants2017-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0155
Number of participants with account balances2017-01-0155
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0167
Total number of active participants reported on line 7a of the Form 55002016-01-0158
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0116
Total of all active and inactive participants2016-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0174
Number of participants with account balances2016-01-0166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0154
Total number of active participants reported on line 7a of the Form 55002015-01-0150
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-0111
Total of all active and inactive participants2015-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0162
Number of participants with account balances2015-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0152
Total number of active participants reported on line 7a of the Form 55002014-01-0142
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0112
Total of all active and inactive participants2014-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0154
Number of participants with account balances2014-01-0154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0145
Total number of active participants reported on line 7a of the Form 55002013-01-0144
Number of retired or separated participants receiving benefits2013-01-012
Number of other retired or separated participants entitled to future benefits2013-01-016
Total of all active and inactive participants2013-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0152
Number of participants with account balances2013-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0141
Total number of active participants reported on line 7a of the Form 55002012-01-0137
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0141
Number of participants with account balances2012-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0143
Total number of active participants reported on line 7a of the Form 55002011-01-0138
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-012
Total of all active and inactive participants2011-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0140
Number of participants with account balances2011-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0142
Total number of active participants reported on line 7a of the Form 55002010-01-0138
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-014
Total of all active and inactive participants2010-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0142
Number of participants with account balances2010-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0145
Total number of active participants reported on line 7a of the Form 55002009-01-0138
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0141
Number of participants with account balances2009-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on MA BANK EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2023 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$5,226
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$352,656
Expenses. Total of all expenses incurred2023-12-31$263,277
Benefits paid (including direct rollovers)2023-12-31$263,277
Total plan assets at end of year2023-12-31$2,779,852
Total plan assets at beginning of year2023-12-31$2,685,247
Value of fidelity bond covering the plan2023-12-31$4,000,000
Other income received2023-12-31$193,248
Net income (gross income less expenses)2023-12-31$89,379
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,774,626
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$2,685,247
Assets. Value of employer securities2023-12-31$2,614,961
Total contributions received or receivable from employer(s)2023-12-31$159,408
2022 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total income from all sources2022-12-31$105,053
Expenses. Total of all expenses incurred2022-12-31$60,439
Benefits paid (including direct rollovers)2022-12-31$60,439
Total plan assets at end of year2022-12-31$2,685,247
Total plan assets at beginning of year2022-12-31$2,640,633
Value of fidelity bond covering the plan2022-12-31$4,000,000
Other income received2022-12-31$-54,488
Net income (gross income less expenses)2022-12-31$44,614
Net plan assets at end of year (total assets less liabilities)2022-12-31$2,685,247
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,640,633
Assets. Value of employer securities2022-12-31$2,469,869
Total contributions received or receivable from employer(s)2022-12-31$159,541
2021 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$294,732
Expenses. Total of all expenses incurred2021-12-31$245,847
Benefits paid (including direct rollovers)2021-12-31$245,847
Total plan assets at end of year2021-12-31$2,640,633
Total plan assets at beginning of year2021-12-31$2,591,748
Value of fidelity bond covering the plan2021-12-31$4,000,000
Other income received2021-12-31$140,583
Net income (gross income less expenses)2021-12-31$48,885
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,640,633
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,591,748
Assets. Value of employer securities2021-12-31$2,588,948
Total contributions received or receivable from employer(s)2021-12-31$154,149
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$1,153
Total income from all sources2020-12-31$257,053
Expenses. Total of all expenses incurred2020-12-31$15,060
Benefits paid (including direct rollovers)2020-12-31$15,060
Total plan assets at end of year2020-12-31$2,591,748
Total plan assets at beginning of year2020-12-31$2,350,908
Value of fidelity bond covering the plan2020-12-31$4,000,000
Other income received2020-12-31$92,958
Net income (gross income less expenses)2020-12-31$241,993
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,591,748
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,349,755
Assets. Value of employer securities2020-12-31$2,507,042
Total contributions received or receivable from employer(s)2020-12-31$164,095
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$1,153
Total plan liabilities at beginning of year2019-12-31$7,394
Total income from all sources2019-12-31$414,026
Expenses. Total of all expenses incurred2019-12-31$8,717
Benefits paid (including direct rollovers)2019-12-31$8,717
Total plan assets at end of year2019-12-31$2,350,908
Total plan assets at beginning of year2019-12-31$1,951,840
Value of fidelity bond covering the plan2019-12-31$4,000,000
Other income received2019-12-31$268,647
Net income (gross income less expenses)2019-12-31$405,309
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,349,755
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,944,446
Assets. Value of employer securities2019-12-31$2,239,867
Total contributions received or receivable from employer(s)2019-12-31$145,379
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$7,394
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$420,715
Expenses. Total of all expenses incurred2018-12-31$37,505
Benefits paid (including direct rollovers)2018-12-31$37,505
Total plan assets at end of year2018-12-31$1,951,840
Total plan assets at beginning of year2018-12-31$1,561,236
Value of fidelity bond covering the plan2018-12-31$4,000,000
Other income received2018-12-31$279,264
Net income (gross income less expenses)2018-12-31$383,210
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,944,446
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,561,236
Assets. Value of employer securities2018-12-31$1,845,136
Total contributions received or receivable from employer(s)2018-12-31$141,451
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$-1,814,289
Total income from all sources2017-12-31$292,173
Expenses. Total of all expenses incurred2017-12-31$250,786
Benefits paid (including direct rollovers)2017-12-31$242,558
Total plan assets at end of year2017-12-31$1,561,236
Total plan assets at beginning of year2017-12-31$3,334,138
Value of fidelity bond covering the plan2017-12-31$4,000,000
Total contributions received or receivable from participants2017-12-31$33,372
Other income received2017-12-31$116,949
Net income (gross income less expenses)2017-12-31$41,387
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,561,236
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,334,138
Assets. Value of employer securities2017-12-31$1,434,042
Total contributions received or receivable from employer(s)2017-12-31$141,852
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$8,228
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources2016-12-31$457,163
Expenses. Total of all expenses incurred2016-12-31$130,843
Benefits paid (including direct rollovers)2016-12-31$130,843
Total plan assets at end of year2016-12-31$3,334,138
Total plan assets at beginning of year2016-12-31$3,007,818
Value of fidelity bond covering the plan2016-12-31$3,425,000
Total contributions received or receivable from participants2016-12-31$156,658
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$167,494
Net income (gross income less expenses)2016-12-31$326,320
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,334,138
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,007,818
Assets. Value of employer securities2016-12-31$1,363,698
Total contributions received or receivable from employer(s)2016-12-31$133,011
2015 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total income from all sources2015-12-31$291,903
Expenses. Total of all expenses incurred2015-12-31$490,614
Benefits paid (including direct rollovers)2015-12-31$470,459
Total plan assets at end of year2015-12-31$3,007,818
Total plan assets at beginning of year2015-12-31$3,206,529
Value of fidelity bond covering the plan2015-12-31$3,425,000
Total contributions received or receivable from participants2015-12-31$140,139
Contributions received from other sources (not participants or employers)2015-12-31$4,689
Other income received2015-12-31$19,543
Net income (gross income less expenses)2015-12-31$-198,711
Net plan assets at end of year (total assets less liabilities)2015-12-31$3,007,818
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$3,206,529
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022015-12-31$5,146
Assets. Value of employer securities2015-12-31$1,283,145
Total contributions received or receivable from employer(s)2015-12-31$127,532
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$20,155
2014 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total income from all sources2014-12-31$348,871
Expenses. Total of all expenses incurred2014-12-31$200,669
Benefits paid (including direct rollovers)2014-12-31$179,703
Total plan assets at end of year2014-12-31$3,206,529
Total plan assets at beginning of year2014-12-31$3,058,327
Value of fidelity bond covering the plan2014-12-31$3,425,000
Total contributions received or receivable from participants2014-12-31$129,206
Other income received2014-12-31$103,282
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$148,202
Net plan assets at end of year (total assets less liabilities)2014-12-31$3,206,529
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$3,058,327
Assets. Value of employer securities2014-12-31$1,147,953
Total contributions received or receivable from employer(s)2014-12-31$116,383
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$20,966
2013 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total income from all sources2013-12-31$439,370
Expenses. Total of all expenses incurred2013-12-31$64,020
Benefits paid (including direct rollovers)2013-12-31$43,882
Total plan assets at end of year2013-12-31$3,058,327
Total plan assets at beginning of year2013-12-31$2,682,977
Value of fidelity bond covering the plan2013-12-31$2,675,000
Total contributions received or receivable from participants2013-12-31$109,475
Contributions received from other sources (not participants or employers)2013-12-31$922
Other income received2013-12-31$221,387
Net income (gross income less expenses)2013-12-31$375,350
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,058,327
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,682,977
Assets. Value of employer securities2013-12-31$989,248
Total contributions received or receivable from employer(s)2013-12-31$107,586
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$20,138
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total income from all sources2012-12-31$391,272
Expenses. Total of all expenses incurred2012-12-31$190,658
Benefits paid (including direct rollovers)2012-12-31$190,658
Total plan assets at end of year2012-12-31$2,682,977
Total plan assets at beginning of year2012-12-31$2,482,363
Value of fidelity bond covering the plan2012-12-31$2,675,000
Total contributions received or receivable from participants2012-12-31$100,199
Other income received2012-12-31$190,290
Net income (gross income less expenses)2012-12-31$200,614
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,682,977
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,482,363
Assets. Value of employer securities2012-12-31$858,393
Total contributions received or receivable from employer(s)2012-12-31$100,783
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total income from all sources2011-12-31$246,522
Expenses. Total of all expenses incurred2011-12-31$110,528
Benefits paid (including direct rollovers)2011-12-31$110,528
Total plan assets at end of year2011-12-31$2,482,363
Total plan assets at beginning of year2011-12-31$2,346,369
Value of fidelity bond covering the plan2011-12-31$2,675,000
Total contributions received or receivable from participants2011-12-31$102,151
Other income received2011-12-31$42,171
Net income (gross income less expenses)2011-12-31$135,994
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,482,363
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,346,369
Assets. Value of employer securities2011-12-31$709,482
Total contributions received or receivable from employer(s)2011-12-31$102,200
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total income from all sources2010-12-31$414,647
Expenses. Total of all expenses incurred2010-12-31$110,980
Benefits paid (including direct rollovers)2010-12-31$99,160
Total plan assets at end of year2010-12-31$2,346,369
Total plan assets at beginning of year2010-12-31$2,042,702
Value of fidelity bond covering the plan2010-12-31$2,675,000
Total contributions received or receivable from participants2010-12-31$91,733
Other income received2010-12-31$226,305
Net income (gross income less expenses)2010-12-31$303,667
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,346,369
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,042,702
Assets. Value of participant loans2010-12-31$4,576
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022010-12-31$10,703
Assets. Value of employer securities2010-12-31$584,992
Total contributions received or receivable from employer(s)2010-12-31$96,609
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$11,820
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for MA BANK EMPLOYEE STOCK OWNERSHIP PLAN

2023: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MA BANK EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract numberGP 65502
Policy instance 1
Insurance contract or identification numberGP 65502
Number of Individuals Covered40
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $3,843
Total amount of fees paid to insurance companyUSD $20
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,843
Amount paid for insurance broker fees20
Insurance broker organization code?4
Insurance broker nameFIRST DAKOTA, INC.

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