Plan Name | FIRST FEDERAL SAVINGS BANK DEFINED BENEFIT PLAN |
Plan identification number | 002 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | FIRST FEDERAL SAVINGS BANK |
Employer identification number (EIN): | 350576640 |
NAIC Classification: | 522110 |
NAIC Description: | Commercial Banking |
Additional information about FIRST FEDERAL SAVINGS BANK
Jurisdiction of Incorporation: | Vermont Secretary of State Corporations Division |
Incorporation Date: | 2009-09-04 |
Company Identification Number: | 88461 |
Legal Registered Office Address: |
30 KIMBALL AVE, STE 102 SO BURLINGTON United States of America (USA) 05403 |
More information about FIRST FEDERAL SAVINGS BANK
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
002 | 2021-07-01 | CHRISTOPHER D COOK | 2022-11-08 | ||
002 | 2021-05-01 | CHRISTOPHER D COOK | 2022-04-14 |
Measure | Date | Value |
---|---|---|
2022: FIRST FEDERAL SAVINGS BANK DEFINED BENEFIT PLAN 2022 401k membership | ||
Market value of plan assets | 2022-05-31 | 1,188,593 |
Acturial value of plan assets | 2022-05-31 | 1,188,593 |
Funding target for retired participants and beneficiaries receiving payment | 2022-05-31 | 145,126 |
Number of terminated vested participants | 2022-05-31 | 13 |
Fundng target for terminated vested participants | 2022-05-31 | 130,111 |
Active participant vested funding target | 2022-05-31 | 475,302 |
Number of active participants | 2022-05-31 | 17 |
Total funding liabilities for active participants | 2022-05-31 | 475,302 |
Total participant count | 2022-05-31 | 33 |
Total funding target for all participants | 2022-05-31 | 750,539 |
Balance at beginning of prior year after applicable adjustments | 2022-05-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-05-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-05-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-05-31 | 0 |
Amount remaining of carryover balance | 2022-05-31 | 0 |
Amount remaining of prefunding balance | 2022-05-31 | 0 |
Present value of excess contributions | 2022-05-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-05-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-05-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-05-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-05-31 | 0 |
Balance of carryovers at beginning of current year | 2022-05-31 | 0 |
Balance of prefunding at beginning of current year | 2022-05-31 | 0 |
Total employer contributions | 2022-05-31 | 129,789 |
Total employee contributions | 2022-05-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-05-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-05-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-05-31 | 123,934 |
Unpaid minimum required contributions for all prior years | 2022-05-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-05-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-05-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-05-31 | 36,000 |
Net shortfall amortization installment of oustanding balance | 2022-05-31 | 0 |
Waiver amortization installment | 2022-05-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-05-31 | 0 |
Additional cash requirement | 2022-05-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-05-31 | 123,934 |
Unpaid minimum required contributions for current year | 2022-05-31 | 0 |
Unpaid minimum required contributions for all years | 2022-05-31 | 0 |
2021: FIRST FEDERAL SAVINGS BANK DEFINED BENEFIT PLAN 2021 401k membership | ||
Market value of plan assets | 2021-06-30 | 1,182,501 |
Acturial value of plan assets | 2021-06-30 | 1,182,501 |
Funding target for retired participants and beneficiaries receiving payment | 2021-06-30 | 145,823 |
Number of terminated vested participants | 2021-06-30 | 13 |
Fundng target for terminated vested participants | 2021-06-30 | 128,738 |
Active participant vested funding target | 2021-06-30 | 470,489 |
Number of active participants | 2021-06-30 | 17 |
Total funding liabilities for active participants | 2021-06-30 | 470,489 |
Total participant count | 2021-06-30 | 33 |
Total funding target for all participants | 2021-06-30 | 745,050 |
Amount remaining of carryover balance | 2021-06-30 | 0 |
Amount remaining of prefunding balance | 2021-06-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-06-30 | 0 |
Balance of carryovers at beginning of current year | 2021-06-30 | 0 |
Balance of prefunding at beginning of current year | 2021-06-30 | 0 |
Total employer contributions | 2021-06-30 | 0 |
Total employee contributions | 2021-06-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-06-30 | 0 |
Unpaid minimum required contributions for all prior years | 2021-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2021-06-30 | 0 |
Net shortfall amortization installment of oustanding balance | 2021-06-30 | 0 |
Waiver amortization installment | 2021-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-06-30 | 0 |
Additional cash requirement | 2021-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-06-30 | 0 |
Unpaid minimum required contributions for current year | 2021-06-30 | 0 |
Unpaid minimum required contributions for all years | 2021-06-30 | 0 |