Spring Bancorp Inc.
Plan context: Bank of Springfield Employee Stock Ownership Plan
EIN 37-1224470 • 4 filings • 1 plans
Current Snapshot
Latest Year
2024
2024 Participants
358
2024 Assets
$4,232,043
2024 Contributions
$997,128
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
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 / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2024 | 1 | 358 | $4,232,043 | $997,128 | $2,785iApproximate average salary by contribution assumption: employee only about $69,632 at 4% or $46,421 at 6%; with 50% employer match about $46,421 at 4% or $30,947 at 6%; with 100% employer match about $34,816 at 4% or $23,211 at 6%. |
| Bank of Springfield Employee Stock Ownership Plan | - | 358 | $4,232,043 | $997,128 | $2,785iApproximate average salary by contribution assumption: employee only about $69,632 at 4% or $46,421 at 6%; with 50% employer match about $46,421 at 4% or $30,947 at 6%; with 100% employer match about $34,816 at 4% or $23,211 at 6%. |
| 2023 | 1 | 318 | $2,955,265 | $934,974 | $2,940iApproximate average salary by contribution assumption: employee only about $73,504 at 4% or $49,003 at 6%; with 50% employer match about $49,003 at 4% or $32,669 at 6%; with 100% employer match about $36,752 at 4% or $24,501 at 6%. |
| Bank of Springfield Employee Stock Ownership Plan | - | 318 | $2,955,265 | $934,974 | $2,940iApproximate average salary by contribution assumption: employee only about $73,504 at 4% or $49,003 at 6%; with 50% employer match about $49,003 at 4% or $32,669 at 6%; with 100% employer match about $36,752 at 4% or $24,501 at 6%. |
| 2022 | 1 | 318 | $1,965,875 | $1,030,945 | $3,242iApproximate average salary by contribution assumption: employee only about $81,049 at 4% or $54,033 at 6%; with 50% employer match about $54,033 at 4% or $36,022 at 6%; with 100% employer match about $40,525 at 4% or $27,016 at 6%. |
| Bank of Springfield Employee Stock Ownership Plan | - | 318 | $1,965,875 | $1,030,945 | $3,242iApproximate average salary by contribution assumption: employee only about $81,049 at 4% or $54,033 at 6%; with 50% employer match about $54,033 at 4% or $36,022 at 6%; with 100% employer match about $40,525 at 4% or $27,016 at 6%. |
| 2021 | 1 | 288 | $767,201 | $767,201 | $2,664iApproximate average salary by contribution assumption: employee only about $66,597 at 4% or $44,398 at 6%; with 50% employer match about $44,398 at 4% or $29,599 at 6%; with 100% employer match about $33,299 at 4% or $22,199 at 6%. |
| Bank of Springfield Employee Stock Ownership Plan | - | 288 | $767,201 | $767,201 | $2,664iApproximate average salary by contribution assumption: employee only about $66,597 at 4% or $44,398 at 6%; with 50% employer match about $44,398 at 4% or $29,599 at 6%; with 100% employer match about $33,299 at 4% or $22,199 at 6%. |