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PENSION PLAN FOR EMPLOYEES OF SENECA FEDERAL SAVINGS AND LOAN ASSOCIATION 401k Plan overview

Plan NamePENSION PLAN FOR EMPLOYEES OF SENECA FEDERAL SAVINGS AND LOAN ASSOCIATION
Plan identification number 001

PENSION PLAN FOR EMPLOYEES OF SENECA FEDERAL SAVINGS AND LOAN ASSOCIATION Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SENECA FEDERAL SAVINGS & LOAN ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:SENECA FEDERAL SAVINGS & LOAN ASSOCIATION
Employer identification number (EIN):150238161
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR EMPLOYEES OF SENECA FEDERAL SAVINGS AND LOAN ASSOCIATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-10-01THOMAS MAVRETISH2018-04-16 THOMAS MAVRETISH2018-04-16
0012015-10-01CHRISITINE ATKINSON2016-12-08 CHRISITINE ATKINSON2016-12-08
0012014-10-01CHRISTINE ATKINSON2015-11-17 CHRISTINE ATKINSON2015-11-17
0012013-10-01CHRISTINE ATKINSON2014-12-26 CHRISTINE ATKINSON2014-12-26
0012012-10-01CHRISTINE ATKINSON2014-01-02 CHRISTINE ATKINSON2014-01-02
0012011-10-01WENDY BODNAR2012-11-23 WENDY BODNAR2012-11-23
0012010-10-01WENDY K BODNAR2012-04-14 WENDY K BODNAR2012-04-14

Plan Statistics for PENSION PLAN FOR EMPLOYEES OF SENECA FEDERAL SAVINGS AND LOAN ASSOCIATION

401k plan membership statisitcs for PENSION PLAN FOR EMPLOYEES OF SENECA FEDERAL SAVINGS AND LOAN ASSOCIATION

Measure Date Value
2017: PENSION PLAN FOR EMPLOYEES OF SENECA FEDERAL SAVINGS AND LOAN ASSOCIATION 2017 401k membership
Market value of plan assets2017-09-309,987,766
Acturial value of plan assets2017-09-309,987,766
Funding target for retired participants and beneficiaries receiving payment2017-09-305,702,027
Number of terminated vested participants2017-09-3024
Fundng target for terminated vested participants2017-09-30733,816
Active participant vested funding target2017-09-30927,971
Number of active participants2017-09-3031
Total funding liabilities for active participants2017-09-301,055,313
Total participant count2017-09-3089
Total funding target for all participants2017-09-307,491,156
Balance at beginning of prior year after applicable adjustments2017-09-300
Prefunding balance at beginning of prior year after applicable adjustments2017-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-09-300
Prefunding balanced used to offset prior years funding requirement2017-09-300
Amount remaining of carryover balance2017-09-300
Amount remaining of prefunding balance2017-09-300
Present value of excess contributions2017-09-3040,997
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-09-3043,527
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-09-300
Reductions in caryover balances due to elections or deemed elections2017-09-300
Reductions in prefunding balances due to elections or deemed elections2017-09-300
Balance of carryovers at beginning of current year2017-09-300
Balance of prefunding at beginning of current year2017-09-300
Total employer contributions2017-09-30500,000
Total employee contributions2017-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-09-300
Contributions made to avoid restrictions adjusted to valuation date2017-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-09-30485,170
Unpaid minimum required contributions for all prior years2017-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-09-300
Remaining amount of unpaid minimum required contributions2017-09-300
Minimum required contributions for current year target normal cost2017-09-30110,852
Net shortfall amortization installment of oustanding balance2017-09-300
Waiver amortization installment2017-09-300
Total funding amount beforereflecting carryover/prefunding balances2017-09-300
Additional cash requirement2017-09-300
Contributions allocatedtoward minimum required contributions for current year2017-09-30485,170
Unpaid minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for all years2017-09-300

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