CENTURY SAVINGS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE RETIREMENT PLAN OF CENTURY SAVINGS BANK
Measure | Date | Value |
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2022: THE RETIREMENT PLAN OF CENTURY SAVINGS BANK 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 20,617,876 |
Acturial value of plan assets | 2022-12-31 | 20,617,876 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 5,701,706 |
Number of terminated vested participants | 2022-12-31 | 14 |
Fundng target for terminated vested participants | 2022-12-31 | 664,017 |
Active participant vested funding target | 2022-12-31 | 5,616,506 |
Number of active participants | 2022-12-31 | 48 |
Total funding liabilities for active participants | 2022-12-31 | 5,783,645 |
Total participant count | 2022-12-31 | 94 |
Total funding target for all participants | 2022-12-31 | 12,149,368 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 789,987 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 1,329,255 |
Amount remaining of carryover balance | 2022-12-31 | 789,987 |
Amount remaining of prefunding balance | 2022-12-31 | 1,329,255 |
Present value of excess contributions | 2022-12-31 | 773,681 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 817,471 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 888,498 |
Balance of prefunding at beginning of current year | 2022-12-31 | 1,495,013 |
Total employer contributions | 2022-12-31 | 800,000 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 774,045 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 377,760 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 774,045 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
2021: THE RETIREMENT PLAN OF CENTURY SAVINGS BANK 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 19,176,537 |
Acturial value of plan assets | 2021-12-31 | 19,176,537 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 5,821,643 |
Number of terminated vested participants | 2021-12-31 | 10 |
Fundng target for terminated vested participants | 2021-12-31 | 443,153 |
Active participant vested funding target | 2021-12-31 | 5,820,830 |
Number of active participants | 2021-12-31 | 58 |
Total funding liabilities for active participants | 2021-12-31 | 5,987,130 |
Total participant count | 2021-12-31 | 103 |
Total funding target for all participants | 2021-12-31 | 12,251,926 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 673,189 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 1,132,727 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
Amount remaining of carryover balance | 2021-12-31 | 673,189 |
Amount remaining of prefunding balance | 2021-12-31 | 1,132,727 |
Present value of excess contributions | 2021-12-31 | 773,242 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 815,538 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
Balance of carryovers at beginning of current year | 2021-12-31 | 789,987 |
Balance of prefunding at beginning of current year | 2021-12-31 | 1,329,255 |
Total employer contributions | 2021-12-31 | 800,000 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 773,681 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 484,384 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
Waiver amortization installment | 2021-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 773,681 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
2020: THE RETIREMENT PLAN OF CENTURY SAVINGS BANK 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 16,315,387 |
Acturial value of plan assets | 2020-12-31 | 16,315,387 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 5,865,432 |
Number of terminated vested participants | 2020-12-31 | 10 |
Fundng target for terminated vested participants | 2020-12-31 | 488,334 |
Active participant vested funding target | 2020-12-31 | 5,167,111 |
Number of active participants | 2020-12-31 | 66 |
Total funding liabilities for active participants | 2020-12-31 | 5,577,266 |
Total participant count | 2020-12-31 | 110 |
Total funding target for all participants | 2020-12-31 | 11,931,032 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 558,107 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 939,087 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 558,107 |
Amount remaining of prefunding balance | 2020-12-31 | 939,087 |
Present value of excess contributions | 2020-12-31 | 772,670 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 816,094 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 673,189 |
Balance of prefunding at beginning of current year | 2020-12-31 | 1,132,727 |
Total employer contributions | 2020-12-31 | 800,000 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 773,242 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 425,356 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
Waiver amortization installment | 2020-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 773,242 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
2019: THE RETIREMENT PLAN OF CENTURY SAVINGS BANK 2019 401k membership |
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Market value of plan assets | 2019-12-31 | 13,483,255 |
Acturial value of plan assets | 2019-12-31 | 13,483,255 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 5,989,921 |
Number of terminated vested participants | 2019-12-31 | 12 |
Fundng target for terminated vested participants | 2019-12-31 | 502,552 |
Active participant vested funding target | 2019-12-31 | 4,329,294 |
Number of active participants | 2019-12-31 | 61 |
Total funding liabilities for active participants | 2019-12-31 | 4,684,957 |
Total participant count | 2019-12-31 | 107 |
Total funding target for all participants | 2019-12-31 | 11,177,430 |
Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 587,481 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 988,513 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 0 |
Amount remaining of carryover balance | 2019-12-31 | 587,481 |
Amount remaining of prefunding balance | 2019-12-31 | 988,513 |
Present value of excess contributions | 2019-12-31 | 771,645 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 816,323 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
Balance of carryovers at beginning of current year | 2019-12-31 | 558,107 |
Balance of prefunding at beginning of current year | 2019-12-31 | 939,087 |
Total employer contributions | 2019-12-31 | 800,000 |
Total employee contributions | 2019-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 772,670 |
Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-12-31 | 380,671 |
Net shortfall amortization installment of oustanding balance | 2019-12-31 | 0 |
Waiver amortization installment | 2019-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Additional cash requirement | 2019-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 772,670 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
2018: THE RETIREMENT PLAN OF CENTURY SAVINGS BANK 2018 401k membership |
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Market value of plan assets | 2018-12-31 | 14,052,330 |
Acturial value of plan assets | 2018-12-31 | 14,052,330 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 5,538,665 |
Number of terminated vested participants | 2018-12-31 | 15 |
Fundng target for terminated vested participants | 2018-12-31 | 495,178 |
Active participant vested funding target | 2018-12-31 | 4,151,233 |
Number of active participants | 2018-12-31 | 58 |
Total funding liabilities for active participants | 2018-12-31 | 4,420,706 |
Total participant count | 2018-12-31 | 105 |
Total funding target for all participants | 2018-12-31 | 10,454,549 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 504,839 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 849,457 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
Amount remaining of carryover balance | 2018-12-31 | 504,839 |
Amount remaining of prefunding balance | 2018-12-31 | 849,457 |
Present value of excess contributions | 2018-12-31 | 771,331 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 817,379 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
Balance of carryovers at beginning of current year | 2018-12-31 | 587,481 |
Balance of prefunding at beginning of current year | 2018-12-31 | 988,513 |
Total employer contributions | 2018-12-31 | 800,000 |
Total employee contributions | 2018-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 771,645 |
Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-12-31 | 470,295 |
Net shortfall amortization installment of oustanding balance | 2018-12-31 | 0 |
Waiver amortization installment | 2018-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Additional cash requirement | 2018-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 771,645 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
2017: THE RETIREMENT PLAN OF CENTURY SAVINGS BANK 2017 401k membership |
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Market value of plan assets | 2017-12-31 | 11,986,085 |
Acturial value of plan assets | 2017-12-31 | 11,986,085 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 5,267,488 |
Number of terminated vested participants | 2017-12-31 | 16 |
Fundng target for terminated vested participants | 2017-12-31 | 481,336 |
Active participant vested funding target | 2017-12-31 | 3,430,092 |
Number of active participants | 2017-12-31 | 55 |
Total funding liabilities for active participants | 2017-12-31 | 3,566,919 |
Total participant count | 2017-12-31 | 101 |
Total funding target for all participants | 2017-12-31 | 9,315,743 |
Balance at beginning of prior year after applicable adjustments | 2017-12-31 | 470,099 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-12-31 | 791,002 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-12-31 | 0 |
Amount remaining of carryover balance | 2017-12-31 | 470,099 |
Amount remaining of prefunding balance | 2017-12-31 | 791,002 |
Present value of excess contributions | 2017-12-31 | 770,560 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 817,949 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2017-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-12-31 | 0 |
Balance of carryovers at beginning of current year | 2017-12-31 | 504,839 |
Balance of prefunding at beginning of current year | 2017-12-31 | 849,457 |
Total employer contributions | 2017-12-31 | 800,000 |
Total employee contributions | 2017-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-12-31 | 771,331 |
Unpaid minimum required contributions for all prior years | 2017-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2017-12-31 | 360,457 |
Net shortfall amortization installment of oustanding balance | 2017-12-31 | 0 |
Waiver amortization installment | 2017-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Additional cash requirement | 2017-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 771,331 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
2016: THE RETIREMENT PLAN OF CENTURY SAVINGS BANK 2016 401k membership |
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Market value of plan assets | 2016-12-31 | 10,972,611 |
Acturial value of plan assets | 2016-12-31 | 10,972,611 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 4,434,254 |
Number of terminated vested participants | 2016-12-31 | 17 |
Fundng target for terminated vested participants | 2016-12-31 | 671,612 |
Active participant vested funding target | 2016-12-31 | 3,422,256 |
Number of active participants | 2016-12-31 | 61 |
Total funding liabilities for active participants | 2016-12-31 | 3,576,110 |
Total participant count | 2016-12-31 | 103 |
Total funding target for all participants | 2016-12-31 | 8,681,976 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 470,947 |
Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 792,428 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2016-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2016-12-31 | 0 |
Amount remaining of carryover balance | 2016-12-31 | 470,947 |
Amount remaining of prefunding balance | 2016-12-31 | 792,428 |
Present value of excess contributions | 2016-12-31 | 770,257 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 819,091 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2016-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2016-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2016-12-31 | 0 |
Balance of carryovers at beginning of current year | 2016-12-31 | 470,099 |
Balance of prefunding at beginning of current year | 2016-12-31 | 791,002 |
Total employer contributions | 2016-12-31 | 800,000 |
Total employee contributions | 2016-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2016-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2016-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2016-12-31 | 770,560 |
Unpaid minimum required contributions for all prior years | 2016-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2016-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2016-12-31 | 334,082 |
Net shortfall amortization installment of oustanding balance | 2016-12-31 | 0 |
Waiver amortization installment | 2016-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Additional cash requirement | 2016-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 770,560 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |