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THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST 401k Plan overview

Plan NameTHE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST
Plan identification number 001

THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:COLUMBIA BANK
Employer identification number (EIN):220900560
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about COLUMBIA BANK

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1912-01-12
Company Identification Number: 005448
Legal Registered Office Address: 173 NW HILLSBORO ST

LAKE CITY

32055

More information about COLUMBIA BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-10-01JENIFER WALDEN2024-07-11
0012021-10-01

Plan Statistics for THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST

401k plan membership statisitcs for THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST

Measure Date Value
2023: THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST 2023 401k membership
Market value of plan assets2023-09-306,810,840
Acturial value of plan assets2023-09-307,491,924
Funding target for retired participants and beneficiaries receiving payment2023-09-302,352,764
Number of terminated vested participants2023-09-3039
Fundng target for terminated vested participants2023-09-301,318,632
Active participant vested funding target2023-09-302,174,846
Number of active participants2023-09-3018
Total funding liabilities for active participants2023-09-302,194,409
Total participant count2023-09-3064
Total funding target for all participants2023-09-305,865,805
Balance at beginning of prior year after applicable adjustments2023-09-30415
Prefunding balance at beginning of prior year after applicable adjustments2023-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2023-09-300
Prefunding balanced used to offset prior years funding requirement2023-09-300
Amount remaining of carryover balance2023-09-30415
Amount remaining of prefunding balance2023-09-300
Present value of excess contributions2023-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-09-300
Reductions in caryover balances due to elections or deemed elections2023-09-300
Reductions in prefunding balances due to elections or deemed elections2023-09-300
Balance of carryovers at beginning of current year2023-09-30327
Balance of prefunding at beginning of current year2023-09-300
Total employer contributions2023-09-300
Total employee contributions2023-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-09-300
Contributions made to avoid restrictions adjusted to valuation date2023-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-09-300
Unpaid minimum required contributions for all prior years2023-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-09-300
Remaining amount of unpaid minimum required contributions2023-09-300
Minimum required contributions for current year target normal cost2023-09-300
Net shortfall amortization installment of oustanding balance2023-09-300
Waiver amortization installment2023-09-300
Total funding amount beforereflecting carryover/prefunding balances2023-09-300
Carryover balance elected to use to offset funding requirement2023-09-300
Prefunding balance elected to use to offset funding requirement2023-09-300
Additional cash requirement2023-09-300
Contributions allocatedtoward minimum required contributions for current year2023-09-300
Unpaid minimum required contributions for current year2023-09-300
Unpaid minimum required contributions for all years2023-09-300
2022: THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST 2022 401k membership
Market value of plan assets2022-09-308,868,708
Acturial value of plan assets2022-09-307,981,837
Funding target for retired participants and beneficiaries receiving payment2022-09-30274,234
Number of terminated vested participants2022-09-3039
Fundng target for terminated vested participants2022-09-301,169,282
Active participant vested funding target2022-09-304,184,910
Number of active participants2022-09-3021
Total funding liabilities for active participants2022-09-304,232,490
Total participant count2022-09-3068
Total funding target for all participants2022-09-305,676,006
Balance at beginning of prior year after applicable adjustments2022-09-30338
Prefunding balance at beginning of prior year after applicable adjustments2022-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-09-300
Prefunding balanced used to offset prior years funding requirement2022-09-300
Amount remaining of carryover balance2022-09-30338
Amount remaining of prefunding balance2022-09-300
Present value of excess contributions2022-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-09-300
Reductions in caryover balances due to elections or deemed elections2022-09-300
Reductions in prefunding balances due to elections or deemed elections2022-09-300
Balance of carryovers at beginning of current year2022-09-30415
Balance of prefunding at beginning of current year2022-09-300
Total employer contributions2022-09-300
Total employee contributions2022-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-09-300
Contributions made to avoid restrictions adjusted to valuation date2022-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-09-300
Unpaid minimum required contributions for all prior years2022-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-09-300
Remaining amount of unpaid minimum required contributions2022-09-300
Minimum required contributions for current year target normal cost2022-09-300
Net shortfall amortization installment of oustanding balance2022-09-300
Waiver amortization installment2022-09-300
Total funding amount beforereflecting carryover/prefunding balances2022-09-300
Carryover balance elected to use to offset funding requirement2022-09-300
Prefunding balance elected to use to offset funding requirement2022-09-300
Additional cash requirement2022-09-300
Contributions allocatedtoward minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for all years2022-09-300
2021: THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST 2021 401k membership
Total participants, beginning-of-year2021-10-0168
Total number of active participants reported on line 7a of the Form 55002021-10-0118
Number of retired or separated participants receiving benefits2021-10-017
Number of other retired or separated participants entitled to future benefits2021-10-0139
Total of all active and inactive participants2021-10-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-10-010
Total participants2021-10-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-10-010

Financial Data on THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST

Measure Date Value
2022 : THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST 2022 401k financial data
Total income from all sources2022-09-30$-1,870,264
Expenses. Total of all expenses incurred2022-09-30$187,604
Benefits paid (including direct rollovers)2022-09-30$125,076
Total plan assets at end of year2022-09-30$6,810,840
Total plan assets at beginning of year2022-09-30$8,868,708
Value of fidelity bond covering the plan2022-09-30$3,500,000
Other income received2022-09-30$-1,870,264
Net income (gross income less expenses)2022-09-30$-2,057,868
Net plan assets at end of year (total assets less liabilities)2022-09-30$6,810,840
Net plan assets at beginning of year (total assets less liabilities)2022-09-30$8,868,708
Expenses. Administrative service providers (salaries,fees and commissions)2022-09-30$62,528

Form 5500 Responses for THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST

2021: THE RETIREMENT PLAN OF RSI BANK IN PENTEGRA RETIREMENT TRUST 2021 form 5500 responses
2021-10-01Type of plan entitySingle employer plan
2021-10-01Submission has been amendedNo
2021-10-01This submission is the final filingNo
2021-10-01This return/report is a short plan year return/report (less than 12 months)No
2021-10-01Plan is a collectively bargained planNo
2021-10-01Plan funding arrangement – TrustYes
2021-10-01Plan benefit arrangement - TrustYes

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