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FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 401k Plan overview

Plan NameFIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN
Plan identification number 004

FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

FIRST FEDERAL SAVINGS & LOAN ASSN OF BATH has sponsored the creation of one or more 401k plans.

Company Name:FIRST FEDERAL SAVINGS & LOAN ASSN OF BATH
Employer identification number (EIN):010026062
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01ANDREW PERRY2024-10-03
0042022-01-01
0042021-01-01
0042020-01-01
0042019-01-01
0042018-01-01
0042017-01-01
0042016-01-01
0042015-01-01
0042014-01-01ANDREW PERRY2015-07-29
0042013-01-01ANDREW PERRY2014-07-28
0042012-01-01ANDREW PERRY2013-09-11
0042011-01-01ANDREW PERRY2012-10-08
0042010-01-01ANDREW PERRY2011-10-03

Plan Statistics for FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN

401k plan membership statisitcs for FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN

Measure Date Value
2022: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-3110,108,826
Acturial value of plan assets2022-12-3110,108,826
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3111
Fundng target for terminated vested participants2022-12-31285,231
Active participant vested funding target2022-12-314,741,938
Number of active participants2022-12-3138
Total funding liabilities for active participants2022-12-314,755,370
Total participant count2022-12-3149
Total funding target for all participants2022-12-315,040,601
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-312,173,792
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-312,173,792
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-312,399,866
Total employer contributions2022-12-31143,433
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31137,903
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31178,627
Net shortfall amortization installment of oustanding balance2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31137,903
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-319,351,006
Acturial value of plan assets2021-12-319,351,006
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3112
Fundng target for terminated vested participants2021-12-31362,309
Active participant vested funding target2021-12-314,280,923
Number of active participants2021-12-3135
Total funding liabilities for active participants2021-12-314,288,534
Total participant count2021-12-3147
Total funding target for all participants2021-12-314,650,843
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-311,975,456
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-311,975,456
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-312,173,792
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31156,103
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-318,547,827
Acturial value of plan assets2020-12-318,547,827
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3114
Fundng target for terminated vested participants2020-12-31399,901
Active participant vested funding target2020-12-313,996,721
Number of active participants2020-12-3137
Total funding liabilities for active participants2020-12-314,005,735
Total participant count2020-12-3151
Total funding target for all participants2020-12-314,405,636
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-311,709,611
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-311,709,611
Present value of excess contributions2020-12-31357,084
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31377,331
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-311,975,456
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31164,207
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-317,403,468
Acturial value of plan assets2019-12-317,403,468
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-3113
Fundng target for terminated vested participants2019-12-31341,900
Active participant vested funding target2019-12-313,976,121
Number of active participants2019-12-3136
Total funding liabilities for active participants2019-12-313,982,792
Total participant count2019-12-3149
Total funding target for all participants2019-12-314,324,692
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-311,778,622
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-311,778,622
Present value of excess contributions2019-12-3138,843
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3141,115
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-311,709,611
Total employer contributions2019-12-31375,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31357,084
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31146,794
Net shortfall amortization installment of oustanding balance2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31357,084
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-318,125,037
Acturial value of plan assets2018-12-318,125,037
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-3115
Fundng target for terminated vested participants2018-12-31461,932
Active participant vested funding target2018-12-313,759,120
Number of active participants2018-12-3135
Total funding liabilities for active participants2018-12-313,769,017
Total participant count2018-12-3150
Total funding target for all participants2018-12-314,230,949
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-311,588,765
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-311,588,765
Present value of excess contributions2018-12-31931,782
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31988,062
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-311,778,622
Total employer contributions2018-12-3140,279
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3138,843
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31133,940
Net shortfall amortization installment of oustanding balance2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-3138,843
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-316,390,238
Acturial value of plan assets2017-12-316,390,238
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3115
Fundng target for terminated vested participants2017-12-31358,739
Active participant vested funding target2017-12-313,397,144
Number of active participants2017-12-3135
Total funding liabilities for active participants2017-12-313,410,597
Total participant count2017-12-3150
Total funding target for all participants2017-12-313,769,336
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-311,948,285
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-311,948,285
Present value of excess contributions2017-12-31735,137
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31781,083
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31781,083
Reductions in prefunding balances due to elections or deemed elections2017-12-311,270,943
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-311,588,765
Total employer contributions2017-12-31972,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31931,782
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31134,396
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31931,782
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BATH CASH BALANCE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-315,708,203
Acturial value of plan assets2016-12-315,708,203
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3115
Fundng target for terminated vested participants2016-12-31299,032
Active participant vested funding target2016-12-313,449,146
Number of active participants2016-12-3137
Total funding liabilities for active participants2016-12-313,460,886
Total participant count2016-12-3152
Total funding target for all participants2016-12-313,759,918
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-311,024,763
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-311,024,763
Present value of excess contributions2016-12-311,041,670
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-311,108,441
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-311,108,441
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-31167,805
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-311,948,285
Total employer contributions2016-12-31920,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31878,088
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31142,951
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31142,951
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31142,951
Contributions allocatedtoward minimum required contributions for current year2016-12-31878,088
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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