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WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameWEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST
Plan identification number 001

WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 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

WEST VIRGINIA CREDIT UNION LEAGUE INC has sponsored the creation of one or more 401k plans.

Company Name:WEST VIRGINIA CREDIT UNION LEAGUE INC
Employer identification number (EIN):550404927
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-08-01RICHARD B. SCHAFFER2022-09-07
0012020-08-01RICHARD B. SCHAFFER2022-05-06
0012019-08-01KENNETH R WATTS2020-11-05
0012018-08-01KENNETH R WATTS2020-02-06
0012017-08-01KENNETH R WATTS2019-05-03
0012016-08-01KENNETH R WATTS2017-12-15
0012015-08-01KENNETH R WATTS2017-01-17
0012014-08-01KENNETH R WATTS2016-01-13
0012013-08-01KENNETH R WATTS2014-12-29
0012012-08-01KENNETH R WATTS2013-12-04
0012011-08-01KENNETH R. WATTS2013-04-25 KENNETH R. WATTS2013-04-25
0012010-08-01KEN WATTS2011-12-09

Plan Statistics for WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2022: WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-03-31831,816
Acturial value of plan assets2022-03-31831,816
Funding target for retired participants and beneficiaries receiving payment2022-03-310
Number of terminated vested participants2022-03-317
Fundng target for terminated vested participants2022-03-3190,273
Active participant vested funding target2022-03-31497,507
Number of active participants2022-03-316
Total funding liabilities for active participants2022-03-31497,507
Total participant count2022-03-3113
Total funding target for all participants2022-03-31587,780
Balance at beginning of prior year after applicable adjustments2022-03-3132,813
Prefunding balance at beginning of prior year after applicable adjustments2022-03-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-03-310
Prefunding balanced used to offset prior years funding requirement2022-03-310
Amount remaining of carryover balance2022-03-3132,813
Amount remaining of prefunding balance2022-03-310
Present value of excess contributions2022-03-31270,106
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-03-31283,611
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-03-310
Reductions in caryover balances due to elections or deemed elections2022-03-310
Reductions in prefunding balances due to elections or deemed elections2022-03-310
Balance of carryovers at beginning of current year2022-03-3136,498
Balance of prefunding at beginning of current year2022-03-310
Total employer contributions2022-03-3133,203
Total employee contributions2022-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-03-310
Contributions made to avoid restrictions adjusted to valuation date2022-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-03-3132,283
Unpaid minimum required contributions for all prior years2022-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-03-310
Remaining amount of unpaid minimum required contributions2022-03-310
Minimum required contributions for current year target normal cost2022-03-310
Net shortfall amortization installment of oustanding balance2022-03-310
Waiver amortization installment2022-03-310
Total funding amount beforereflecting carryover/prefunding balances2022-03-310
Carryover balance elected to use to offset funding requirement2022-03-310
Prefunding balance elected to use to offset funding requirement2022-03-310
Additional cash requirement2022-03-310
Contributions allocatedtoward minimum required contributions for current year2022-03-3132,283
Unpaid minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for all years2022-03-310
2021: WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-07-311,681,110
Acturial value of plan assets2021-07-311,681,110
Funding target for retired participants and beneficiaries receiving payment2021-07-310
Number of terminated vested participants2021-07-316
Fundng target for terminated vested participants2021-07-3146,621
Active participant vested funding target2021-07-311,565,818
Number of active participants2021-07-318
Total funding liabilities for active participants2021-07-311,565,818
Total participant count2021-07-3114
Total funding target for all participants2021-07-311,612,439
Balance at beginning of prior year after applicable adjustments2021-07-3132,770
Prefunding balance at beginning of prior year after applicable adjustments2021-07-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-07-310
Prefunding balanced used to offset prior years funding requirement2021-07-310
Amount remaining of carryover balance2021-07-3132,770
Amount remaining of prefunding balance2021-07-310
Present value of excess contributions2021-07-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-07-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-07-310
Reductions in caryover balances due to elections or deemed elections2021-07-310
Reductions in prefunding balances due to elections or deemed elections2021-07-310
Balance of carryovers at beginning of current year2021-07-3132,813
Balance of prefunding at beginning of current year2021-07-310
Total employer contributions2021-07-310
Total employee contributions2021-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-07-310
Contributions made to avoid restrictions adjusted to valuation date2021-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-07-310
Unpaid minimum required contributions for all prior years2021-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-07-310
Remaining amount of unpaid minimum required contributions2021-07-310
Minimum required contributions for current year target normal cost2021-07-310
Net shortfall amortization installment of oustanding balance2021-07-310
Waiver amortization installment2021-07-310
Total funding amount beforereflecting carryover/prefunding balances2021-07-310
Carryover balance elected to use to offset funding requirement2021-07-310
Prefunding balance elected to use to offset funding requirement2021-07-310
Additional cash requirement2021-07-310
Contributions allocatedtoward minimum required contributions for current year2021-07-310
Unpaid minimum required contributions for current year2021-07-310
Unpaid minimum required contributions for all years2021-07-310
2020: WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-07-311,678,913
Acturial value of plan assets2020-07-311,678,913
Funding target for retired participants and beneficiaries receiving payment2020-07-310
Number of terminated vested participants2020-07-316
Fundng target for terminated vested participants2020-07-3142,771
Active participant vested funding target2020-07-311,415,327
Number of active participants2020-07-318
Total funding liabilities for active participants2020-07-311,415,327
Total participant count2020-07-3114
Total funding target for all participants2020-07-311,458,098
Balance at beginning of prior year after applicable adjustments2020-07-3131,843
Prefunding balance at beginning of prior year after applicable adjustments2020-07-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-07-310
Prefunding balanced used to offset prior years funding requirement2020-07-310
Amount remaining of carryover balance2020-07-3131,843
Amount remaining of prefunding balance2020-07-310
Present value of excess contributions2020-07-3191,960
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-07-3196,917
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-07-310
Reductions in caryover balances due to elections or deemed elections2020-07-310
Reductions in prefunding balances due to elections or deemed elections2020-07-310
Balance of carryovers at beginning of current year2020-07-3132,770
Balance of prefunding at beginning of current year2020-07-310
Total employer contributions2020-07-310
Total employee contributions2020-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-07-310
Contributions made to avoid restrictions adjusted to valuation date2020-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-07-310
Unpaid minimum required contributions for all prior years2020-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-07-310
Remaining amount of unpaid minimum required contributions2020-07-310
Minimum required contributions for current year target normal cost2020-07-310
Net shortfall amortization installment of oustanding balance2020-07-310
Waiver amortization installment2020-07-310
Total funding amount beforereflecting carryover/prefunding balances2020-07-310
Carryover balance elected to use to offset funding requirement2020-07-310
Prefunding balance elected to use to offset funding requirement2020-07-310
Additional cash requirement2020-07-310
Contributions allocatedtoward minimum required contributions for current year2020-07-310
Unpaid minimum required contributions for current year2020-07-310
Unpaid minimum required contributions for all years2020-07-310
2019: WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-07-311,537,325
Acturial value of plan assets2019-07-311,537,325
Funding target for retired participants and beneficiaries receiving payment2019-07-310
Number of terminated vested participants2019-07-316
Fundng target for terminated vested participants2019-07-3138,877
Active participant vested funding target2019-07-311,270,762
Number of active participants2019-07-318
Total funding liabilities for active participants2019-07-311,270,762
Total participant count2019-07-3114
Total funding target for all participants2019-07-311,309,639
Balance at beginning of prior year after applicable adjustments2019-07-3130,312
Prefunding balance at beginning of prior year after applicable adjustments2019-07-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-07-310
Prefunding balanced used to offset prior years funding requirement2019-07-310
Amount remaining of carryover balance2019-07-3130,312
Amount remaining of prefunding balance2019-07-310
Present value of excess contributions2019-07-3155,311
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-07-3158,442
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-07-310
Reductions in caryover balances due to elections or deemed elections2019-07-310
Reductions in prefunding balances due to elections or deemed elections2019-07-310
Balance of carryovers at beginning of current year2019-07-3131,843
Balance of prefunding at beginning of current year2019-07-310
Total employer contributions2019-07-3196,680
Total employee contributions2019-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-07-310
Contributions made to avoid restrictions adjusted to valuation date2019-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-07-3191,960
Unpaid minimum required contributions for all prior years2019-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-07-310
Remaining amount of unpaid minimum required contributions2019-07-310
Minimum required contributions for current year target normal cost2019-07-310
Net shortfall amortization installment of oustanding balance2019-07-310
Waiver amortization installment2019-07-310
Total funding amount beforereflecting carryover/prefunding balances2019-07-310
Carryover balance elected to use to offset funding requirement2019-07-310
Prefunding balance elected to use to offset funding requirement2019-07-310
Additional cash requirement2019-07-310
Contributions allocatedtoward minimum required contributions for current year2019-07-3191,960
Unpaid minimum required contributions for current year2019-07-310
Unpaid minimum required contributions for all years2019-07-310
2018: WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-07-311,407,851
Acturial value of plan assets2018-07-311,407,851
Funding target for retired participants and beneficiaries receiving payment2018-07-310
Number of terminated vested participants2018-07-316
Fundng target for terminated vested participants2018-07-3134,388
Active participant vested funding target2018-07-311,115,102
Number of active participants2018-07-318
Total funding liabilities for active participants2018-07-311,115,102
Total participant count2018-07-3114
Total funding target for all participants2018-07-311,149,490
Balance at beginning of prior year after applicable adjustments2018-07-3128,696
Prefunding balance at beginning of prior year after applicable adjustments2018-07-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-07-310
Prefunding balanced used to offset prior years funding requirement2018-07-310
Amount remaining of carryover balance2018-07-3128,696
Amount remaining of prefunding balance2018-07-310
Present value of excess contributions2018-07-3123,252
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-07-3124,626
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-07-310
Reductions in caryover balances due to elections or deemed elections2018-07-310
Reductions in prefunding balances due to elections or deemed elections2018-07-310
Balance of carryovers at beginning of current year2018-07-3130,312
Balance of prefunding at beginning of current year2018-07-310
Total employer contributions2018-07-3158,442
Total employee contributions2018-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-07-310
Contributions made to avoid restrictions adjusted to valuation date2018-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-07-3155,311
Unpaid minimum required contributions for all prior years2018-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-07-310
Remaining amount of unpaid minimum required contributions2018-07-310
Minimum required contributions for current year target normal cost2018-07-310
Net shortfall amortization installment of oustanding balance2018-07-310
Waiver amortization installment2018-07-310
Total funding amount beforereflecting carryover/prefunding balances2018-07-310
Carryover balance elected to use to offset funding requirement2018-07-310
Prefunding balance elected to use to offset funding requirement2018-07-310
Additional cash requirement2018-07-310
Contributions allocatedtoward minimum required contributions for current year2018-07-3155,311
Unpaid minimum required contributions for current year2018-07-310
Unpaid minimum required contributions for all years2018-07-310
2017: WEST VIRGINIA CREDIT UNION LEAGUE INC DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-07-311,309,516
Acturial value of plan assets2017-07-311,309,516
Funding target for retired participants and beneficiaries receiving payment2017-07-310
Number of terminated vested participants2017-07-316
Fundng target for terminated vested participants2017-07-3130,991
Active participant vested funding target2017-07-31990,174
Number of active participants2017-07-318
Total funding liabilities for active participants2017-07-31990,174
Total participant count2017-07-3114
Total funding target for all participants2017-07-311,021,165
Balance at beginning of prior year after applicable adjustments2017-07-3128,111
Prefunding balance at beginning of prior year after applicable adjustments2017-07-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-07-310
Prefunding balanced used to offset prior years funding requirement2017-07-310
Amount remaining of carryover balance2017-07-3128,111
Amount remaining of prefunding balance2017-07-310
Present value of excess contributions2017-07-3150,771
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-07-3153,822
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-07-310
Reductions in caryover balances due to elections or deemed elections2017-07-310
Reductions in prefunding balances due to elections or deemed elections2017-07-310
Balance of carryovers at beginning of current year2017-07-3128,696
Balance of prefunding at beginning of current year2017-07-310
Total employer contributions2017-07-3124,607
Total employee contributions2017-07-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-07-310
Contributions made to avoid restrictions adjusted to valuation date2017-07-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-07-3123,252
Unpaid minimum required contributions for all prior years2017-07-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-07-310
Remaining amount of unpaid minimum required contributions2017-07-310
Minimum required contributions for current year target normal cost2017-07-310
Net shortfall amortization installment of oustanding balance2017-07-310
Waiver amortization installment2017-07-310
Waived amount of outstanding balance2017-07-310
Total funding amount beforereflecting carryover/prefunding balances2017-07-310
Carryover balance elected to use to offset funding requirement2017-07-310
Prefunding balance elected to use to offset funding requirement2017-07-310
Additional cash requirement2017-07-310
Contributions allocatedtoward minimum required contributions for current year2017-07-3123,252
Unpaid minimum required contributions for current year2017-07-310
Unpaid minimum required contributions for all years2017-07-310

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