401k Plan data: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST plan

THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 401k Plan overview

Plan Name	THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST
Plan identification number	001

THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST Benefits

401k Plan Type

Defined 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).
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).
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.

401k Sponsoring company profile

THE CITIZENS BANK OF LOGAN has sponsored the creation of one or more 401k plans.

Company Name: THE CITIZENS BANK OF LOGAN

Employer identification number (EIN): 310641158

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01 PAUL PENCE 2021-08-12
001 2019-01-01 PAUL PENCE 2021-08-10
001 2018-01-01 PAUL PENCE 2019-10-09
001 2017-01-01 JIM LIVESAY 2018-09-20
001 2016-01-01 JIM LIVESAY 2017-08-23
001 2015-01-01 JIM LIVESAY 2016-10-12
001 2014-01-01 JIM LIVESAY 2015-10-14
001 2013-01-01 JIM LIVESAY 2014-10-15
001 2012-01-01 DAVID KOWALSKI
001 2011-01-01 PAMELA MARCINKO 2012-10-16
001 2010-01-01 BRYAN STARNER 2011-10-13
001 2009-01-01 BRYAN STARNER

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2020-01-01	PAUL PENCE	2021-08-12
001	2019-01-01	PAUL PENCE	2021-08-10
001	2018-01-01	PAUL PENCE	2019-10-09
001	2017-01-01	JIM LIVESAY	2018-09-20
001	2016-01-01	JIM LIVESAY	2017-08-23
001	2015-01-01	JIM LIVESAY	2016-10-12
001	2014-01-01	JIM LIVESAY	2015-10-14
001	2013-01-01	JIM LIVESAY	2014-10-15
001	2012-01-01	DAVID KOWALSKI
001	2011-01-01	PAMELA MARCINKO	2012-10-16
001	2010-01-01	BRYAN STARNER	2011-10-13
001	2009-01-01	BRYAN STARNER

Plan Statistics for THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST

401k plan membership statisitcs for THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST

Measure Date Value
2018: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets 2018-12-31 1,153,551
Acturial value of plan assets 2018-12-31 1,153,551
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 213,577
Number of terminated vested participants 2018-12-31 6
Fundng target for terminated vested participants 2018-12-31 246,635
Active participant vested funding target 2018-12-31 304,556
Number of active participants 2018-12-31 15
Total funding liabilities for active participants 2018-12-31 304,556
Total participant count 2018-12-31 27
Total funding target for all participants 2018-12-31 764,768
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
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 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
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 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 0
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 0
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 0
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
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets 2017-12-31 1,398,618
Acturial value of plan assets 2017-12-31 1,398,618
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 208,077
Number of terminated vested participants 2017-12-31 6
Fundng target for terminated vested participants 2017-12-31 345,017
Active participant vested funding target 2017-12-31 448,035
Number of active participants 2017-12-31 18
Total funding liabilities for active participants 2017-12-31 448,035
Total participant count 2017-12-31 30
Total funding target for all participants 2017-12-31 1,001,129
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
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 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 0
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 0
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 0
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
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets 2016-12-31 1,307,189
Acturial value of plan assets 2016-12-31 1,307,189
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 213,242
Number of terminated vested participants 2016-12-31 7
Fundng target for terminated vested participants 2016-12-31 322,231
Active participant vested funding target 2016-12-31 429,500
Number of active participants 2016-12-31 19
Total funding liabilities for active participants 2016-12-31 429,500
Total participant count 2016-12-31 32
Total funding target for all participants 2016-12-31 964,973
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 628,051
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 666,174
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 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 0
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 0
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 0
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
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
2012: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 40
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 28
Number of retired or separated participants receiving benefits 2012-01-01 5
Number of other retired or separated participants entitled to future benefits 2012-01-01 2
Total of all active and inactive participants 2012-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2009: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 54
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 41
Number of retired or separated participants receiving benefits 2009-01-01 4
Number of other retired or separated participants entitled to future benefits 2009-01-01 7
Total of all active and inactive participants 2009-01-01 52
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 2

Measure	Date	Value
2018: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets	2018-12-31	1,153,551
Acturial value of plan assets	2018-12-31	1,153,551
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	213,577
Number of terminated vested participants	2018-12-31	6
Fundng target for terminated vested participants	2018-12-31	246,635
Active participant vested funding target	2018-12-31	304,556
Number of active participants	2018-12-31	15
Total funding liabilities for active participants	2018-12-31	304,556
Total participant count	2018-12-31	27
Total funding target for all participants	2018-12-31	764,768
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
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	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
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	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	0
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	0
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	0
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
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets	2017-12-31	1,398,618
Acturial value of plan assets	2017-12-31	1,398,618
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	208,077
Number of terminated vested participants	2017-12-31	6
Fundng target for terminated vested participants	2017-12-31	345,017
Active participant vested funding target	2017-12-31	448,035
Number of active participants	2017-12-31	18
Total funding liabilities for active participants	2017-12-31	448,035
Total participant count	2017-12-31	30
Total funding target for all participants	2017-12-31	1,001,129
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
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	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	0
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	0
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	0
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
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets	2016-12-31	1,307,189
Acturial value of plan assets	2016-12-31	1,307,189
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	213,242
Number of terminated vested participants	2016-12-31	7
Fundng target for terminated vested participants	2016-12-31	322,231
Active participant vested funding target	2016-12-31	429,500
Number of active participants	2016-12-31	19
Total funding liabilities for active participants	2016-12-31	429,500
Total participant count	2016-12-31	32
Total funding target for all participants	2016-12-31	964,973
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	628,051
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	666,174
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	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	0
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	0
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	0
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
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
2012: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	40
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	28
Number of retired or separated participants receiving benefits	2012-01-01	5
Number of other retired or separated participants entitled to future benefits	2012-01-01	2
Total of all active and inactive participants	2012-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	35
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2009: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	54
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	41
Number of retired or separated participants receiving benefits	2009-01-01	4
Number of other retired or separated participants entitled to future benefits	2009-01-01	7
Total of all active and inactive participants	2009-01-01	52
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	2

Financial Data on THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST

Measure	Date	Value
2012 : THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2012 401k financial data
Total income from all sources	2012-12-31	$-91,594
Expenses. Total of all expenses incurred	2012-12-31	$77,836
Benefits paid (including direct rollovers)	2012-12-31	$60,088
Total plan assets at end of year	2012-12-31	$581,984
Total plan assets at beginning of year	2012-12-31	$751,414
Value of fidelity bond covering the plan	2012-12-31	$3,000,000
Other income received	2012-12-31	$-127,894
Net income (gross income less expenses)	2012-12-31	$-169,430
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$581,984
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$751,414
Total contributions received or receivable from employer(s)	2012-12-31	$36,300
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$17,748
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2009 : THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST

2012: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2009: THE CITIZENS BANK OF LOGAN PENSION PLAN AND TRUST 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE CITIZENS BANK OF LOGAN
Employer identification number (EIN):	310641158
NAIC Classification:	522120
NAIC Description:	Savings Institutions