Civic Intelligence

Melrose Cooperative Bank

Plan context: Melrose Cooperative Bank 401K Plan

EIN 04-1611080 • 14 filings • 2 plans

Current Snapshot

Latest Year

2020

2020 Participants

29

2020 Assets

$14,114,806

2020 Contributions

$244,353

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$14,114,806$7,057,403$0201420172019YearValue
$14,114,806Latest year 2019

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

30150201420172019YearValue
29Latest year 2019

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202020$0$244,353-
Melrose Cooperative Bank Employee Stock Ownership Plan-0---
Melrose Cooperative Bank 401K Plan-0-$244,353-
2019229$14,114,806$473,240$16,319iApproximate average salary by contribution assumption: employee only about $407,966 at 4% or $271,977 at 6%; with 50% employer match about $271,977 at 4% or $181,318 at 6%; with 100% employer match about $203,983 at 4% or $135,989 at 6%.
Melrose Cooperative Bank 401K Plan-29$8,520,671$410,852$14,167iApproximate average salary by contribution assumption: employee only about $354,183 at 4% or $236,122 at 6%; with 50% employer match about $236,122 at 4% or $157,415 at 6%; with 100% employer match about $177,091 at 4% or $118,061 at 6%.
Melrose Cooperative Bank Employee Stock Ownership Plan-26$5,594,135$62,388$2,400iApproximate average salary by contribution assumption: employee only about $59,988 at 4% or $39,992 at 6%; with 50% employer match about $39,992 at 4% or $26,662 at 6%; with 100% employer match about $29,994 at 4% or $19,996 at 6%.
2018230$10,879,542$345,829$11,528iApproximate average salary by contribution assumption: employee only about $288,191 at 4% or $192,127 at 6%; with 50% employer match about $192,127 at 4% or $128,085 at 6%; with 100% employer match about $144,095 at 4% or $96,064 at 6%.
Melrose Cooperative Bank 401K Plan-30$6,821,203$306,373$10,212iApproximate average salary by contribution assumption: employee only about $255,311 at 4% or $170,207 at 6%; with 50% employer match about $170,207 at 4% or $113,471 at 6%; with 100% employer match about $127,655 at 4% or $85,104 at 6%.
Melrose Cooperative Bank Employee Stock Ownership Plan-23$4,058,339$39,456$1,715iApproximate average salary by contribution assumption: employee only about $42,887 at 4% or $28,591 at 6%; with 50% employer match about $28,591 at 4% or $19,061 at 6%; with 100% employer match about $21,443 at 4% or $14,296 at 6%.
2017227$11,675,414$394,009$14,593iApproximate average salary by contribution assumption: employee only about $364,823 at 4% or $243,215 at 6%; with 50% employer match about $243,215 at 4% or $162,144 at 6%; with 100% employer match about $182,412 at 4% or $121,608 at 6%.
Melrose Cooperative Bank 401K Plan-27$7,148,094$277,748$10,287iApproximate average salary by contribution assumption: employee only about $257,174 at 4% or $171,449 at 6%; with 50% employer match about $171,449 at 4% or $114,300 at 6%; with 100% employer match about $128,587 at 4% or $85,725 at 6%.
Melrose Cooperative Bank Employee Stock Ownership Plan-22$4,527,320$116,261$5,285iApproximate average salary by contribution assumption: employee only about $132,115 at 4% or $88,077 at 6%; with 50% employer match about $88,077 at 4% or $58,718 at 6%; with 100% employer match about $66,057 at 4% or $44,038 at 6%.
2016227$10,383,907$370,697$13,730iApproximate average salary by contribution assumption: employee only about $343,238 at 4% or $228,825 at 6%; with 50% employer match about $228,825 at 4% or $152,550 at 6%; with 100% employer match about $171,619 at 4% or $114,413 at 6%.
Melrose Cooperative Bank 401K Plan-27$6,320,637$254,436$9,424iApproximate average salary by contribution assumption: employee only about $235,589 at 4% or $157,059 at 6%; with 50% employer match about $157,059 at 4% or $104,706 at 6%; with 100% employer match about $117,794 at 4% or $78,530 at 6%.
Melrose Cooperative Bank Employee Stock Ownership Plan-23$4,063,270$116,261$5,055iApproximate average salary by contribution assumption: employee only about $126,371 at 4% or $84,247 at 6%; with 50% employer match about $84,247 at 4% or $56,165 at 6%; with 100% employer match about $63,185 at 4% or $42,124 at 6%.
2015228$9,003,502$448,977$16,035iApproximate average salary by contribution assumption: employee only about $400,872 at 4% or $267,248 at 6%; with 50% employer match about $267,248 at 4% or $178,165 at 6%; with 100% employer match about $200,436 at 4% or $133,624 at 6%.
Melrose Cooperative Bank 401K Plan-28$5,544,630$332,716$11,883iApproximate average salary by contribution assumption: employee only about $297,068 at 4% or $198,045 at 6%; with 50% employer match about $198,045 at 4% or $132,030 at 6%; with 100% employer match about $148,534 at 4% or $99,023 at 6%.
Melrose Cooperative Bank Employee Stock Ownership Plan-21$3,458,872$116,261$5,536iApproximate average salary by contribution assumption: employee only about $138,406 at 4% or $92,271 at 6%; with 50% employer match about $92,271 at 4% or $61,514 at 6%; with 100% employer match about $69,203 at 4% or $46,135 at 6%.
2014226$8,030,824$327,258$12,587iApproximate average salary by contribution assumption: employee only about $314,671 at 4% or $209,781 at 6%; with 50% employer match about $209,781 at 4% or $139,854 at 6%; with 100% employer match about $157,336 at 4% or $104,890 at 6%.
Melrose Cooperative Bank 401K Plan-26$5,033,738$210,997$8,115iApproximate average salary by contribution assumption: employee only about $202,882 at 4% or $135,254 at 6%; with 50% employer match about $135,254 at 4% or $90,170 at 6%; with 100% employer match about $101,441 at 4% or $67,627 at 6%.
Melrose Cooperative Bank Employee Stock Ownership Plan-22$2,997,086$116,261$5,285iApproximate average salary by contribution assumption: employee only about $132,115 at 4% or $88,077 at 6%; with 50% employer match about $88,077 at 4% or $58,718 at 6%; with 100% employer match about $66,057 at 4% or $44,038 at 6%.