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FIRST FEDERAL SAVINGS BANK OF ANGOLA PENSION PLAN 401k Plan overview

Plan NameFIRST FEDERAL SAVINGS BANK OF ANGOLA PENSION PLAN
Plan identification number 003

FIRST FEDERAL SAVINGS BANK OF ANGOLA PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • 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).

401k Sponsoring company profile

FIRST FEDERAL SAVINGS BANK OF ANGOLA has sponsored the creation of one or more 401k plans.

Company Name:FIRST FEDERAL SAVINGS BANK OF ANGOLA
Employer identification number (EIN):350309720
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL SAVINGS BANK OF ANGOLA PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032020-01-01SCOTT GRUNER2020-07-29
0032019-01-01SCOTT GRUNER2020-07-29

Plan Statistics for FIRST FEDERAL SAVINGS BANK OF ANGOLA PENSION PLAN

401k plan membership statisitcs for FIRST FEDERAL SAVINGS BANK OF ANGOLA PENSION PLAN

Measure Date Value
2019: FIRST FEDERAL SAVINGS BANK OF ANGOLA PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,624,712
Acturial value of plan assets2019-12-312,624,712
Funding target for retired participants and beneficiaries receiving payment2019-12-311,337,777
Number of terminated vested participants2019-12-3115
Fundng target for terminated vested participants2019-12-31392,500
Active participant vested funding target2019-12-31592,623
Number of active participants2019-12-3112
Total funding liabilities for active participants2019-12-31592,623
Total participant count2019-12-3131
Total funding target for all participants2019-12-312,322,900
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
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 year2019-12-310
Total employer contributions2019-12-31540,430
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 date2019-12-31512,716
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31512,716
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310

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