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401k Sponsoring company profile

SALEM FIVE CENTS SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name:SALEM FIVE CENTS SAVINGS BANK
Employer identification number (EIN):041802790
NAIC Classification:522120
NAIC Description:Savings Institutions

Additional information about SALEM FIVE CENTS SAVINGS BANK

Jurisdiction of Incorporation:
Incorporation Date:
Company Identification Number:

More information about SALEM FIVE CENTS SAVINGS BANK

The following addresses have been detected on the 401k submissions:

USA Mailing Address
210 ESSEX STREET
SALEM
MA
01970
Date first seen: 2007-01-01
Date last seen: 2024-09-30

Plan Sponsor Events

SALEM FIVE CENTS SAVINGS BANK 401k Plans

Plan id# Plan Name Plan Start Date Plan Effective Date
501SALEM FIVE CENTS SAVINGS BANK CONSOLIDATED BENEFITS PLAN2015-01-01 1976-06-01
002SBERA 401(K) PLAN AS ADOPTED BY SALEM FIVE CENTS SAVINGS BANK2015-01-01 1993-11-01
003SBERA 401(K) PLAN AS ADOPTED BY GEORGETOWN SAVINGS BANK2017-01-01 1995-04-01
001SBERA PENSION PLAN AS ADOPTED BY SALEM FIVE CENTS SAVINGS BANK2016-11-01 1981-11-01
004GEORGETOWN SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN2017-01-01 2005-01-01

401k Contributions

Contributions made to the plan for the plan year by employer(s) and employees. Schedule SB Part 4 Question 18. This is signed by an actuary:

DateType of contributionContribution Number of participants/employees Average contribution per participant
2024-01-11Employer Contributions $ 3,500,000
2024-01-11Employee Contributions $ 3,500,000
2023-01-17Employer Contributions $ 4,400,000 600 $ 7,333
2023-01-17Employee Contributions $ 4,400,000 600 $ 7,333
2017-12-08Employer Contributions $ 2,000,000 1 $ 2,000,000
2017-12-08Employee Contributions $ 2,000,000 1 $ 2,000,000
2017-10-18Employer Contributions $ 3,100,000 1 $ 3,100,000
2017-10-18Employee Contributions $ 3,100,000 1 $ 3,100,000
2017-01-20Employer Contributions $ 840,000 1 $ 840,000
2017-01-20Employee Contributions $ 840,000 1 $ 840,000
2016-10-20Employer Contributions $ 2,000,000 590 $ 3,390
2016-10-20Employee Contributions $ 2,000,000 590 $ 3,390
2015-12-18Employer Contributions $ 2,000,000 586 $ 3,413
2015-12-18Employee Contributions $ 2,000,000 586 $ 3,413
2014-12-03Employer Contributions $ 3,000,000 528 $ 5,682
2014-12-03Employee Contributions $ 3,000,000 528 $ 5,682
2013-12-12Employer Contributions $ 0 504 $ 0
2013-12-12Employee Contributions $ 0 504 $ 0
2013-05-13Employer Contributions $ 50,000 504 $ 99
2013-05-13Employee Contributions $ 50,000 504 $ 99
2012-11-01Employer Contributions $ 3,000,000 229 $ 13,100
2012-11-01Employee Contributions $ 3,000,000 229 $ 13,100
2011-10-25Employer Contributions $ 2,500,000 251 $ 9,960
2011-10-25Employee Contributions $ 2,500,000 251 $ 9,960
2010-10-19Employer Contributions $ 2,500,000 437 $ 5,721
2010-10-19Employee Contributions $ 2,500,000 437 $ 5,721

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