Sbera 401(K) Plan As Adopted By Massachusetts Bankers Association — Form 5500 plan (Massachusetts Bankers Association)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Sbera 401(K) Plan As Adopted By Massachusetts Bankers Association is a benefit plan reported by Massachusetts Bankers Association under EIN 04-1589780 and plan number 002. The latest loaded filing year is 2023. The filing reports 24 participants and $7,821,234 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$7.8MPlan net assets, end of year$7,821,234
Participants24Covered participants reported
Assets / participant$325.9KComputed: assets ÷ participants$325,885 (computed)
Provider compensationNone reported
Plan sponsor
Massachusetts Bankers Association
EIN
04-1589780
Plan number
002
Plan type
2
Location
Boston, MA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202324I20240725065651NAL0029611922001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$7.8M total assets
Net assets$7.8MLiabilities
Money in vs. money out
Total income / additions$1.6M
Total expenses$974.4K
Benefits paid / distributions$974.4K
Contributions
Employer$121.6K
Participant$247.9K
Full reported line items

Net assets

Total assets (EOY)
$7,821,234
Net assets (EOY)
$7,821,234
Net assets (BOY)
$7,189,587

Income & contributions

Employer contributions
$121,569
Participant contributions
$247,853
Total income / additions
$1,606,055

Expenses & distributions

Benefits paid
$974,408
Total expenses
$974,408
Net increase / (decrease)
$631,647
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 33%Participant 67%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income61%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages