VIRGINIA BANK & TRUST COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan VBA MASTER DEFINED BENEFIT PLAN FOR VIRGINIA BANK & TRUST COMPANY
401k plan membership statisitcs for VBA MASTER DEFINED BENEFIT PLAN FOR VIRGINIA BANK & TRUST COMPANY
Measure | Date | Value |
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2020: VBA MASTER DEFINED BENEFIT PLAN FOR VIRGINIA BANK & TRUST COMPANY 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 2,228,825 |
Acturial value of plan assets | 2020-12-31 | 2,237,729 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 262,833 |
Number of terminated vested participants | 2020-12-31 | 5 |
Fundng target for terminated vested participants | 2020-12-31 | 171,201 |
Active participant vested funding target | 2020-12-31 | 1,806,594 |
Number of active participants | 2020-12-31 | 54 |
Total funding liabilities for active participants | 2020-12-31 | 2,016,151 |
Total participant count | 2020-12-31 | 63 |
Total funding target for all participants | 2020-12-31 | 2,450,185 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 462,623 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 462,623 |
Present value of excess contributions | 2020-12-31 | 90 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 95 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 95 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 217,937 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 277,581 |
Total employer contributions | 2020-12-31 | 0 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 4,925 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 490,037 |
Waiver amortization installment | 2020-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 27,078 |
Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 27,078 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Market value of plan assets | 2020-09-30 | 2,329,714 |
Acturial value of plan assets | 2020-09-30 | 2,367,653 |
Funding target for retired participants and beneficiaries receiving payment | 2020-09-30 | 372,505 |
Number of terminated vested participants | 2020-09-30 | 6 |
Fundng target for terminated vested participants | 2020-09-30 | 196,186 |
Active participant vested funding target | 2020-09-30 | 1,686,564 |
Number of active participants | 2020-09-30 | 54 |
Total funding liabilities for active participants | 2020-09-30 | 1,812,596 |
Total participant count | 2020-09-30 | 64 |
Total funding target for all participants | 2020-09-30 | 2,381,287 |
Balance at beginning of prior year after applicable adjustments | 2020-09-30 | 3,012,199 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-09-30 | 918,955 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-09-30 | 173,725 |
Prefunding balanced used to offset prior years funding requirement | 2020-09-30 | 0 |
Amount remaining of carryover balance | 2020-09-30 | 2,838,474 |
Amount remaining of prefunding balance | 2020-09-30 | 918,955 |
Present value of excess contributions | 2020-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-09-30 | 2,936,969 |
Reductions in prefunding balances due to elections or deemed elections | 2020-09-30 | 488,220 |
Balance of carryovers at beginning of current year | 2020-09-30 | 0 |
Balance of prefunding at beginning of current year | 2020-09-30 | 462,623 |
Total employer contributions | 2020-09-30 | 274,261 |
Total employee contributions | 2020-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-09-30 | 270,649 |
Unpaid minimum required contributions for all prior years | 2020-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2020-09-30 | 193,173 |
Net shortfall amortization installment of oustanding balance | 2020-09-30 | 476,257 |
Waiver amortization installment | 2020-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-09-30 | 270,559 |
Additional cash requirement | 2020-09-30 | 270,559 |
Contributions allocatedtoward minimum required contributions for current year | 2020-09-30 | 270,649 |
Unpaid minimum required contributions for current year | 2020-09-30 | 0 |
Unpaid minimum required contributions for all years | 2020-09-30 | 0 |
2019: VBA MASTER DEFINED BENEFIT PLAN FOR VIRGINIA BANK & TRUST COMPANY 2019 401k membership |
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Market value of plan assets | 2019-09-30 | 2,757,859 |
Acturial value of plan assets | 2019-09-30 | 2,673,061 |
Funding target for retired participants and beneficiaries receiving payment | 2019-09-30 | 149,262 |
Number of terminated vested participants | 2019-09-30 | 5 |
Fundng target for terminated vested participants | 2019-09-30 | 104,041 |
Active participant vested funding target | 2019-09-30 | 2,071,856 |
Number of active participants | 2019-09-30 | 61 |
Total funding liabilities for active participants | 2019-09-30 | 2,128,004 |
Total participant count | 2019-09-30 | 68 |
Total funding target for all participants | 2019-09-30 | 2,381,307 |
Balance at beginning of prior year after applicable adjustments | 2019-09-30 | 2,965,119 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-09-30 | 856,355 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-09-30 | 158,112 |
Prefunding balanced used to offset prior years funding requirement | 2019-09-30 | 0 |
Amount remaining of carryover balance | 2019-09-30 | 2,807,007 |
Amount remaining of prefunding balance | 2019-09-30 | 856,355 |
Present value of excess contributions | 2019-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-09-30 | 0 |
Balance of carryovers at beginning of current year | 2019-09-30 | 3,012,199 |
Balance of prefunding at beginning of current year | 2019-09-30 | 918,955 |
Total employer contributions | 2019-09-30 | 0 |
Total employee contributions | 2019-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2019-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2019-09-30 | 173,725 |
Net shortfall amortization installment of oustanding balance | 2019-09-30 | 0 |
Waiver amortization installment | 2019-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-09-30 | 173,725 |
Carryover balance elected to use to offset funding requirement | 2019-09-30 | 173,725 |
Prefunding balance elected to use to offset funding requirement | 2019-09-30 | 0 |
Additional cash requirement | 2019-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-09-30 | 0 |
Unpaid minimum required contributions for current year | 2019-09-30 | 0 |
Unpaid minimum required contributions for all years | 2019-09-30 | 0 |
2018: VBA MASTER DEFINED BENEFIT PLAN FOR VIRGINIA BANK & TRUST COMPANY 2018 401k membership |
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Market value of plan assets | 2018-09-30 | 4,369,454 |
Acturial value of plan assets | 2018-09-30 | 4,219,218 |
Funding target for retired participants and beneficiaries receiving payment | 2018-09-30 | 145,017 |
Number of terminated vested participants | 2018-09-30 | 5 |
Fundng target for terminated vested participants | 2018-09-30 | 91,911 |
Active participant vested funding target | 2018-09-30 | 3,181,627 |
Number of active participants | 2018-09-30 | 59 |
Total funding liabilities for active participants | 2018-09-30 | 3,196,688 |
Total participant count | 2018-09-30 | 66 |
Total funding target for all participants | 2018-09-30 | 3,433,616 |
Balance at beginning of prior year after applicable adjustments | 2018-09-30 | 2,830,681 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-09-30 | 768,514 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-09-30 | 169,711 |
Prefunding balanced used to offset prior years funding requirement | 2018-09-30 | 0 |
Amount remaining of carryover balance | 2018-09-30 | 2,660,970 |
Amount remaining of prefunding balance | 2018-09-30 | 768,514 |
Present value of excess contributions | 2018-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-09-30 | 0 |
Balance of carryovers at beginning of current year | 2018-09-30 | 2,965,119 |
Balance of prefunding at beginning of current year | 2018-09-30 | 856,355 |
Total employer contributions | 2018-09-30 | 0 |
Total employee contributions | 2018-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2018-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2018-09-30 | 158,112 |
Net shortfall amortization installment of oustanding balance | 2018-09-30 | 0 |
Waiver amortization installment | 2018-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-09-30 | 158,112 |
Carryover balance elected to use to offset funding requirement | 2018-09-30 | 158,112 |
Prefunding balance elected to use to offset funding requirement | 2018-09-30 | 0 |
Additional cash requirement | 2018-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-09-30 | 0 |
Unpaid minimum required contributions for current year | 2018-09-30 | 0 |
Unpaid minimum required contributions for all years | 2018-09-30 | 0 |
2017: VBA MASTER DEFINED BENEFIT PLAN FOR VIRGINIA BANK & TRUST COMPANY 2017 401k membership |
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Market value of plan assets | 2017-09-30 | 4,524,617 |
Acturial value of plan assets | 2017-09-30 | 4,580,293 |
Funding target for retired participants and beneficiaries receiving payment | 2017-09-30 | 116,346 |
Number of terminated vested participants | 2017-09-30 | 3 |
Fundng target for terminated vested participants | 2017-09-30 | 77,653 |
Active participant vested funding target | 2017-09-30 | 3,156,924 |
Number of active participants | 2017-09-30 | 59 |
Total funding liabilities for active participants | 2017-09-30 | 3,193,633 |
Total participant count | 2017-09-30 | 63 |
Total funding target for all participants | 2017-09-30 | 3,387,632 |
Balance at beginning of prior year after applicable adjustments | 2017-09-30 | 2,617,608 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-09-30 | 545,491 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-09-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-09-30 | 0 |
Amount remaining of carryover balance | 2017-09-30 | 2,617,608 |
Amount remaining of prefunding balance | 2017-09-30 | 545,491 |
Present value of excess contributions | 2017-09-30 | 168,430 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-09-30 | 178,620 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-09-30 | 178,620 |
Reductions in caryover balances due to elections or deemed elections | 2017-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-09-30 | 0 |
Balance of carryovers at beginning of current year | 2017-09-30 | 2,830,681 |
Balance of prefunding at beginning of current year | 2017-09-30 | 768,514 |
Total employer contributions | 2017-09-30 | 49,042 |
Total employee contributions | 2017-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-09-30 | 48,252 |
Unpaid minimum required contributions for all prior years | 2017-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2017-09-30 | 217,963 |
Net shortfall amortization installment of oustanding balance | 2017-09-30 | 0 |
Waiver amortization installment | 2017-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-09-30 | 217,963 |
Carryover balance elected to use to offset funding requirement | 2017-09-30 | 169,711 |
Prefunding balance elected to use to offset funding requirement | 2017-09-30 | 0 |
Additional cash requirement | 2017-09-30 | 48,252 |
Contributions allocatedtoward minimum required contributions for current year | 2017-09-30 | 48,252 |
Unpaid minimum required contributions for current year | 2017-09-30 | 0 |
Unpaid minimum required contributions for all years | 2017-09-30 | 0 |