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VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 401k Plan overview

Plan NameVBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK
Plan identification number 001

VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 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).
  • 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).
  • 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

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

Company Name:UNITED BANK
Employer identification number (EIN):540132580
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about UNITED BANK

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1925-10-10
Company Identification Number: 0028769
Legal Registered Office Address: 9954 MAYLAND DRIVE
SUITE 2100
RICHMOND
United States of America (USA)
23233

More information about UNITED BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-10-01JENNY SAMPSON2024-02-26
0012021-10-01JENNY SAMPSON2023-07-11 JENNY SAMPSON2023-07-11
0012020-10-01HAROLD MANNER2022-03-28
0012019-10-01JAKEETA PLUMLEY2021-04-23 JAKEETA PLUMLEY2021-04-23
0012018-10-01JAKEETA PLUMLEY2020-06-28 JAKEETA PLUMLEY2020-06-28
0012017-10-01JAKEETA PLUMLEY2019-06-01 JAKEETA PLUMLEY2019-06-01
0012016-10-01JAKEETA PLUMLEY2018-06-22 JAKEETA PLUMLEY2018-06-22
0012015-10-01JAKEETA PLUMLEY2017-07-10 JAKEETA PLUMLEY2017-07-10
0012014-10-01JAKEETA PLUMLEY2016-07-11 JAKEETA PLUMLEY2016-07-11
0012013-10-01SUZANNE RENNOLDS2015-04-22 SUZANNE RENNOLDS2015-04-22
0012012-10-01SUZANNE RENNOLDS2014-04-25
0012011-10-01SUZANNE RENNOLDS2013-04-29
0012010-10-01SUZANNE RENNOLDS2012-04-20
0012008-10-01

Plan Statistics for VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK

401k plan membership statisitcs for VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK

Measure Date Value
2022: VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 2022 401k membership
Market value of plan assets2022-09-304,757,432
Acturial value of plan assets2022-09-304,658,279
Funding target for retired participants and beneficiaries receiving payment2022-09-30476,834
Number of terminated vested participants2022-09-309
Fundng target for terminated vested participants2022-09-30388,960
Active participant vested funding target2022-09-302,238,580
Number of active participants2022-09-3022
Total funding liabilities for active participants2022-09-302,238,580
Total participant count2022-09-3036
Total funding target for all participants2022-09-303,104,374
Balance at beginning of prior year after applicable adjustments2022-09-300
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 balance2022-09-300
Amount remaining of prefunding balance2022-09-300
Present value of excess contributions2022-09-30493,662
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-30519,875
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 year2022-09-300
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 cost2022-09-308,417
Net shortfall amortization installment of oustanding balance2022-09-300
Waiver amortization installment2022-09-300
Total funding amount beforereflecting carryover/prefunding balances2022-09-300
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: VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 2021 401k membership
Market value of plan assets2021-09-304,156,462
Acturial value of plan assets2021-09-304,079,305
Funding target for retired participants and beneficiaries receiving payment2021-09-30484,644
Number of terminated vested participants2021-09-309
Fundng target for terminated vested participants2021-09-30353,156
Active participant vested funding target2021-09-302,086,668
Number of active participants2021-09-3024
Total funding liabilities for active participants2021-09-302,086,668
Total participant count2021-09-3038
Total funding target for all participants2021-09-302,924,468
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-09-300
Prefunding balanced used to offset prior years funding requirement2021-09-300
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-300
Present value of excess contributions2021-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-09-300
Reductions in caryover balances due to elections or deemed elections2021-09-300
Reductions in prefunding balances due to elections or deemed elections2021-09-300
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-300
Total employer contributions2021-09-30500,000
Total employee contributions2021-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-09-300
Contributions made to avoid restrictions adjusted to valuation date2021-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-30493,662
Unpaid minimum required contributions for all prior years2021-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-3029,000
Net shortfall amortization installment of oustanding balance2021-09-300
Waiver amortization installment2021-09-300
Total funding amount beforereflecting carryover/prefunding balances2021-09-300
Additional cash requirement2021-09-300
Contributions allocatedtoward minimum required contributions for current year2021-09-30493,662
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 2020 401k membership
Market value of plan assets2020-09-303,926,687
Acturial value of plan assets2020-09-303,931,453
Funding target for retired participants and beneficiaries receiving payment2020-09-30502,298
Number of terminated vested participants2020-09-309
Fundng target for terminated vested participants2020-09-30327,636
Active participant vested funding target2020-09-301,931,891
Number of active participants2020-09-3024
Total funding liabilities for active participants2020-09-301,931,891
Total participant count2020-09-3038
Total funding target for all participants2020-09-302,761,825
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-300
Prefunding balanced used to offset prior years funding requirement2020-09-300
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-300
Present value of excess contributions2020-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-300
Total employer contributions2020-09-300
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-300
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-3011,700
Net shortfall amortization installment of oustanding balance2020-09-300
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-300
Additional cash requirement2020-09-300
Contributions allocatedtoward minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 2019 401k membership
Market value of plan assets2019-09-304,330,067
Acturial value of plan assets2019-09-304,298,580
Funding target for retired participants and beneficiaries receiving payment2019-09-30651,507
Number of terminated vested participants2019-09-3010
Fundng target for terminated vested participants2019-09-30338,920
Active participant vested funding target2019-09-302,236,670
Number of active participants2019-09-3026
Total funding liabilities for active participants2019-09-302,236,670
Total participant count2019-09-3041
Total funding target for all participants2019-09-303,227,097
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-300
Prefunding balanced used to offset prior years funding requirement2019-09-300
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-300
Present value of excess contributions2019-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-300
Reductions in caryover balances due to elections or deemed elections2019-09-300
Reductions in prefunding balances due to elections or deemed elections2019-09-300
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-300
Total employer contributions2019-09-300
Total employee contributions2019-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-300
Contributions made to avoid restrictions adjusted to valuation date2019-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-300
Unpaid minimum required contributions for all prior years2019-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-300
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-3015,800
Net shortfall amortization installment of oustanding balance2019-09-300
Waiver amortization installment2019-09-300
Total funding amount beforereflecting carryover/prefunding balances2019-09-300
Carryover balance elected to use to offset funding requirement2019-09-300
Prefunding balance elected to use to offset funding requirement2019-09-300
Additional cash requirement2019-09-300
Contributions allocatedtoward minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300
2018: VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 2018 401k membership
Market value of plan assets2018-09-304,285,588
Acturial value of plan assets2018-09-304,110,359
Funding target for retired participants and beneficiaries receiving payment2018-09-30635,824
Number of terminated vested participants2018-09-3011
Fundng target for terminated vested participants2018-09-30298,905
Active participant vested funding target2018-09-302,004,874
Number of active participants2018-09-3027
Total funding liabilities for active participants2018-09-302,004,874
Total participant count2018-09-3043
Total funding target for all participants2018-09-302,939,603
Balance at beginning of prior year after applicable adjustments2018-09-300
Prefunding balance at beginning of prior year after applicable adjustments2018-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2018-09-300
Prefunding balanced used to offset prior years funding requirement2018-09-300
Amount remaining of carryover balance2018-09-300
Amount remaining of prefunding balance2018-09-300
Present value of excess contributions2018-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-09-300
Reductions in caryover balances due to elections or deemed elections2018-09-300
Reductions in prefunding balances due to elections or deemed elections2018-09-300
Balance of carryovers at beginning of current year2018-09-300
Balance of prefunding at beginning of current year2018-09-300
Total employer contributions2018-09-300
Total employee contributions2018-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-09-300
Contributions made to avoid restrictions adjusted to valuation date2018-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-09-300
Unpaid minimum required contributions for all prior years2018-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-09-300
Remaining amount of unpaid minimum required contributions2018-09-300
Minimum required contributions for current year target normal cost2018-09-3014,900
Net shortfall amortization installment of oustanding balance2018-09-300
Waiver amortization installment2018-09-300
Total funding amount beforereflecting carryover/prefunding balances2018-09-300
Additional cash requirement2018-09-300
Contributions allocatedtoward minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for all years2018-09-300
2017: VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 2017 401k membership
Market value of plan assets2017-09-303,887,930
Acturial value of plan assets2017-09-303,959,789
Funding target for retired participants and beneficiaries receiving payment2017-09-30645,107
Number of terminated vested participants2017-09-3011
Fundng target for terminated vested participants2017-09-30270,929
Active participant vested funding target2017-09-301,825,875
Number of active participants2017-09-3028
Total funding liabilities for active participants2017-09-301,825,875
Total participant count2017-09-3044
Total funding target for all participants2017-09-302,741,911
Balance at beginning of prior year after applicable adjustments2017-09-300
Prefunding balance at beginning of prior year after applicable adjustments2017-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-09-300
Prefunding balanced used to offset prior years funding requirement2017-09-300
Amount remaining of carryover balance2017-09-300
Amount remaining of prefunding balance2017-09-300
Present value of excess contributions2017-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-09-300
Reductions in caryover balances due to elections or deemed elections2017-09-300
Reductions in prefunding balances due to elections or deemed elections2017-09-300
Balance of carryovers at beginning of current year2017-09-300
Balance of prefunding at beginning of current year2017-09-300
Total employer contributions2017-09-300
Total employee contributions2017-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-09-300
Contributions made to avoid restrictions adjusted to valuation date2017-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-09-300
Unpaid minimum required contributions for all prior years2017-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-09-300
Remaining amount of unpaid minimum required contributions2017-09-300
Minimum required contributions for current year target normal cost2017-09-3012,900
Net shortfall amortization installment of oustanding balance2017-09-300
Waiver amortization installment2017-09-300
Total funding amount beforereflecting carryover/prefunding balances2017-09-300
Carryover balance elected to use to offset funding requirement2017-09-300
Prefunding balance elected to use to offset funding requirement2017-09-300
Additional cash requirement2017-09-300
Contributions allocatedtoward minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for all years2017-09-300

Form 5500 Responses for VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK

2008: VBA MASTER DEFINED BENEFIT PLAN FOR ESSEX BANK 2008 form 5500 responses
2008-10-01Type of plan entitySingle employer plan
2008-10-01Submission has been amendedNo
2008-10-01This submission is the final filingNo
2008-10-01This return/report is a short plan year return/report (less than 12 months)No
2008-10-01Plan is a collectively bargained planNo

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