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PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 401k Plan overview

Plan NamePENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC.
Plan identification number 001

PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 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.

401k Sponsoring company profile

KEMBA CINCINNATI CREDIT UNION, INC. has sponsored the creation of one or more 401k plans.

Company Name:KEMBA CINCINNATI CREDIT UNION, INC.
Employer identification number (EIN):316034125
NAIC Classification:522130
NAIC Description:Credit Unions

Additional information about KEMBA CINCINNATI CREDIT UNION, INC.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division
Incorporation Date: 1934-02-14
Company Identification Number: 158225
Legal Registered Office Address: 8763 UNION CENTRE BLVD.
-
WEST CHESTER
United States of America (USA)
45069

More information about KEMBA CINCINNATI CREDIT UNION, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DANIEL SUTTON2024-07-10 DANIEL SUTTON2024-07-10
0012022-01-01DANIEL SUTTON2023-08-17
0012021-01-01
0012020-01-01DAN SUTTON2021-03-11 DANIEL SUTTON2021-03-11
0012020-01-01DAN SUTTON2021-03-11 DANIEL SUTTON2021-03-11
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01STEPHEN G. BEHLER2017-05-16 STEPHEN G. BEHLER2017-05-16
0012015-01-01STEPHEN G. BEHLER2016-08-26 STEPHEN G. BEHLER2016-08-26
0012014-01-01STEPHEN G. BEHLER2015-04-21
0012013-01-01STEPHEN G. BEHLER2014-09-16
0012012-01-01STEPHEN G. BEHLER2013-09-10
0012011-01-01STEPHEN G. BEHLER2012-10-02 STEPHEN G. BEHLER2012-10-02
0012010-01-01STEPHEN G. BEHLER2011-09-15 STEPHEN G. BEHLER2011-09-15

Plan Statistics for PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC.

401k plan membership statisitcs for PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC.

Measure Date Value
2022: PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 2022 401k membership
Market value of plan assets2022-12-3131,197,051
Acturial value of plan assets2022-12-3131,197,051
Funding target for retired participants and beneficiaries receiving payment2022-12-316,134,093
Number of terminated vested participants2022-12-3124
Fundng target for terminated vested participants2022-12-311,398,149
Active participant vested funding target2022-12-319,389,051
Number of active participants2022-12-3150
Total funding liabilities for active participants2022-12-319,389,051
Total participant count2022-12-31103
Total funding target for all participants2022-12-3116,921,293
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3121,685
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3121,685
Present value of excess contributions2022-12-31971,119
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31971,119
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3124,200
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31465,559
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 2021 401k membership
Market value of plan assets2021-12-3128,373,855
Acturial value of plan assets2021-12-3128,373,855
Funding target for retired participants and beneficiaries receiving payment2021-12-316,236,107
Number of terminated vested participants2021-12-3132
Fundng target for terminated vested participants2021-12-311,096,679
Active participant vested funding target2021-12-3110,132,301
Number of active participants2021-12-3149
Total funding liabilities for active participants2021-12-3110,132,301
Total participant count2021-12-31109
Total funding target for all participants2021-12-3117,465,087
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3119,461
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3119,461
Present value of excess contributions2021-12-31971,753
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-311,025,394
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3121,685
Total employer contributions2021-12-311,000,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31971,119
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31707,724
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31971,119
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 2020 401k membership
Market value of plan assets2020-12-3125,049,241
Acturial value of plan assets2020-12-3125,049,241
Funding target for retired participants and beneficiaries receiving payment2020-12-315,611,361
Number of terminated vested participants2020-12-3131
Fundng target for terminated vested participants2020-12-311,265,897
Active participant vested funding target2020-12-318,468,710
Number of active participants2020-12-3152
Total funding liabilities for active participants2020-12-318,489,959
Total participant count2020-12-31108
Total funding target for all participants2020-12-3115,367,217
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3116,387
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3116,387
Present value of excess contributions2020-12-31970,190
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-311,025,297
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3119,461
Total employer contributions2020-12-311,000,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31971,753
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31602,720
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31971,753
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 2019 401k membership
Market value of plan assets2019-12-3120,650,178
Acturial value of plan assets2019-12-3120,650,178
Funding target for retired participants and beneficiaries receiving payment2019-12-314,928,313
Number of terminated vested participants2019-12-3131
Fundng target for terminated vested participants2019-12-311,159,888
Active participant vested funding target2019-12-318,018,495
Number of active participants2019-12-3150
Total funding liabilities for active participants2019-12-318,031,113
Total participant count2019-12-31104
Total funding target for all participants2019-12-3114,119,314
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3117,720
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3117,720
Present value of excess contributions2019-12-313,868,828
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-314,095,541
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3116,387
Total employer contributions2019-12-311,000,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31970,190
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31537,779
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31970,190
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 2018 401k membership
Market value of plan assets2018-12-3118,626,996
Acturial value of plan assets2018-12-3118,626,996
Funding target for retired participants and beneficiaries receiving payment2018-12-314,597,879
Number of terminated vested participants2018-12-3129
Fundng target for terminated vested participants2018-12-31995,384
Active participant vested funding target2018-12-317,259,036
Number of active participants2018-12-3151
Total funding liabilities for active participants2018-12-317,288,644
Total participant count2018-12-31103
Total funding target for all participants2018-12-3112,881,907
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3115,623
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3115,623
Present value of excess contributions2018-12-313,864,819
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-314,098,254
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3117,720
Total employer contributions2018-12-314,000,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-313,868,828
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31527,748
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-313,868,828
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 2017 401k membership
Market value of plan assets2017-12-3113,115,875
Acturial value of plan assets2017-12-3113,115,875
Funding target for retired participants and beneficiaries receiving payment2017-12-314,379,879
Number of terminated vested participants2017-12-3131
Fundng target for terminated vested participants2017-12-31981,700
Active participant vested funding target2017-12-315,916,295
Number of active participants2017-12-3150
Total funding liabilities for active participants2017-12-315,940,617
Total participant count2017-12-31103
Total funding target for all participants2017-12-3111,302,196
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3114,876
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3114,876
Present value of excess contributions2017-12-31986,351
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-311,047,801
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3115,623
Total employer contributions2017-12-314,000,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-313,864,819
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31399,451
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-313,864,819
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PENSION PLAN FOR EMPLOYEES OF KEMBA CINCINNATI CREDIT UNION, INC. 2016 401k membership
Market value of plan assets2016-12-3111,912,829
Acturial value of plan assets2016-12-3111,912,829
Funding target for retired participants and beneficiaries receiving payment2016-12-313,655,186
Number of terminated vested participants2016-12-3132
Fundng target for terminated vested participants2016-12-311,455,778
Active participant vested funding target2016-12-315,190,790
Number of active participants2016-12-3150
Total funding liabilities for active participants2016-12-315,207,186
Total participant count2016-12-31101
Total funding target for all participants2016-12-3110,318,150
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3115,420
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3115,420
Present value of excess contributions2016-12-312,411,731
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-312,566,564
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3114,876
Total employer contributions2016-12-311,000,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31986,351
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31354,359
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31986,351
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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