401k Plan data: RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II plan

RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II 401k Plan overview

Plan Name	RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II
Plan identification number	060

RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

GUILFORD SAVINGS BANK has sponsored the creation of one or more 401k plans.

Company Name: GUILFORD SAVINGS BANK

Employer identification number (EIN): 060377390

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
060 2017-07-01 CHRISTINE BEIRNE 2018-06-01 CHRISTINE BEIRNE 2018-06-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
060	2017-07-01	CHRISTINE BEIRNE	2018-06-01	CHRISTINE BEIRNE	2018-06-01

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II

Measure Date Value
2018: RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II 2018 401k membership
Market value of plan assets 2018-03-31 7,678,976
Acturial value of plan assets 2018-03-31 7,792,386
Funding target for retired participants and beneficiaries receiving payment 2018-03-31 2,494,013
Number of terminated vested participants 2018-03-31 20
Fundng target for terminated vested participants 2018-03-31 561,550
Active participant vested funding target 2018-03-31 1,941,201
Number of active participants 2018-03-31 23
Total funding liabilities for active participants 2018-03-31 1,941,201
Total participant count 2018-03-31 71
Total funding target for all participants 2018-03-31 4,996,764
Balance at beginning of prior year after applicable adjustments 2018-03-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-03-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-03-31 0
Prefunding balanced used to offset prior years funding requirement 2018-03-31 0
Amount remaining of carryover balance 2018-03-31 0
Amount remaining of prefunding balance 2018-03-31 0
Present value of excess contributions 2018-03-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-03-31 1,004,069
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-03-31 1,004,069
Reductions in caryover balances due to elections or deemed elections 2018-03-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-03-31 0
Balance of carryovers at beginning of current year 2018-03-31 0
Balance of prefunding at beginning of current year 2018-03-31 1,004,069
Total employer contributions 2018-03-31 0
Total employee contributions 2018-03-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-03-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-03-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-03-31 0
Unpaid minimum required contributions for all prior years 2018-03-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-03-31 0
Remaining amount of unpaid minimum required contributions 2018-03-31 0
Minimum required contributions for current year target normal cost 2018-03-31 12,000
Net shortfall amortization installment of oustanding balance 2018-03-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-03-31 0
Carryover balance elected to use to offset funding requirement 2018-03-31 0
Prefunding balance elected to use to offset funding requirement 2018-03-31 0
Additional cash requirement 2018-03-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-03-31 0
Unpaid minimum required contributions for current year 2018-03-31 0
Unpaid minimum required contributions for all years 2018-03-31 0

Measure	Date	Value
2018: RETIREMENT PLAN FOR EMPLOYEES OF THE GUILFORD SAVINGS BANK II 2018 401k membership
Market value of plan assets	2018-03-31	7,678,976
Acturial value of plan assets	2018-03-31	7,792,386
Funding target for retired participants and beneficiaries receiving payment	2018-03-31	2,494,013
Number of terminated vested participants	2018-03-31	20
Fundng target for terminated vested participants	2018-03-31	561,550
Active participant vested funding target	2018-03-31	1,941,201
Number of active participants	2018-03-31	23
Total funding liabilities for active participants	2018-03-31	1,941,201
Total participant count	2018-03-31	71
Total funding target for all participants	2018-03-31	4,996,764
Balance at beginning of prior year after applicable adjustments	2018-03-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-03-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-03-31	0
Prefunding balanced used to offset prior years funding requirement	2018-03-31	0
Amount remaining of carryover balance	2018-03-31	0
Amount remaining of prefunding balance	2018-03-31	0
Present value of excess contributions	2018-03-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-03-31	1,004,069
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-03-31	1,004,069
Reductions in caryover balances due to elections or deemed elections	2018-03-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-03-31	0
Balance of carryovers at beginning of current year	2018-03-31	0
Balance of prefunding at beginning of current year	2018-03-31	1,004,069
Total employer contributions	2018-03-31	0
Total employee contributions	2018-03-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-03-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-03-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-03-31	0
Unpaid minimum required contributions for all prior years	2018-03-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-03-31	0
Remaining amount of unpaid minimum required contributions	2018-03-31	0
Minimum required contributions for current year target normal cost	2018-03-31	12,000
Net shortfall amortization installment of oustanding balance	2018-03-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-03-31	0
Carryover balance elected to use to offset funding requirement	2018-03-31	0
Prefunding balance elected to use to offset funding requirement	2018-03-31	0
Additional cash requirement	2018-03-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-03-31	0
Unpaid minimum required contributions for current year	2018-03-31	0
Unpaid minimum required contributions for all years	2018-03-31	0

Potentially related plans

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Company Name:	GUILFORD SAVINGS BANK
Employer identification number (EIN):	060377390
NAIC Classification:	522120
NAIC Description:	Savings Institutions