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CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 401k Plan overview

Plan NameCITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN
Plan identification number 001

CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 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).
  • 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

CITIZENS BANK OF MORGANTOWN, INC. has sponsored the creation of one or more 401k plans.

Company Name:CITIZENS BANK OF MORGANTOWN, INC.
Employer identification number (EIN):550678357
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOSEPH CAMP2024-09-02
0012022-01-01JOSEPH CAMP2023-06-02
0012021-01-01JOSEPH CAMP2022-07-07
0012020-01-01JOSEPH CAMP2021-05-17
0012019-01-01JOSEPH CAMP2020-07-20
0012018-01-01JOSEPH CAMP2019-09-20
0012017-01-01JOSEPH CAMP2018-07-26
0012016-01-01JOSEPH CAMP2017-05-10
0012015-01-01JOSEPH CAMP2016-05-11
0012014-01-01JOSEPH CAMP2015-04-29
0012013-01-01JOSEPH CAMP2014-06-24
0012012-01-01JOSEPH CAMP2013-05-03
0012011-01-01JOSEPH CAMP2012-06-06
0012010-01-01JOSEPH CAMP2011-05-02

Plan Statistics for CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN

401k plan membership statisitcs for CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN

Measure Date Value
2022: CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-313,472,079
Acturial value of plan assets2022-12-313,472,079
Funding target for retired participants and beneficiaries receiving payment2022-12-31197,782
Number of terminated vested participants2022-12-311
Fundng target for terminated vested participants2022-12-31325
Active participant vested funding target2022-12-311,885,016
Number of active participants2022-12-3110
Total funding liabilities for active participants2022-12-311,901,921
Total participant count2022-12-3113
Total funding target for all participants2022-12-312,100,028
Balance at beginning of prior year after applicable adjustments2022-12-316,273
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31338,789
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-316,273
Amount remaining of prefunding balance2022-12-31338,789
Present value of excess contributions2022-12-31240,186
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31251,955
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-316,307
Balance of prefunding at beginning of current year2022-12-31340,618
Total employer contributions2022-12-31209,218
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31203,623
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3147,230
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31203,623
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-313,257,745
Acturial value of plan assets2021-12-313,257,745
Funding target for retired participants and beneficiaries receiving payment2021-12-31213,248
Number of terminated vested participants2021-12-310
Fundng target for terminated vested participants2021-12-310
Active participant vested funding target2021-12-311,829,219
Number of active participants2021-12-3111
Total funding liabilities for active participants2021-12-311,848,280
Total participant count2021-12-3113
Total funding target for all participants2021-12-312,061,528
Balance at beginning of prior year after applicable adjustments2021-12-315,831
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31314,918
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-315,831
Amount remaining of prefunding balance2021-12-31314,918
Present value of excess contributions2021-12-31206,913
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31217,859
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-316,273
Balance of prefunding at beginning of current year2021-12-31338,789
Total employer contributions2021-12-31245,441
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31240,186
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3149,437
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31240,186
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,870,436
Acturial value of plan assets2020-12-312,870,436
Funding target for retired participants and beneficiaries receiving payment2020-12-31244,611
Number of terminated vested participants2020-12-310
Fundng target for terminated vested participants2020-12-310
Active participant vested funding target2020-12-311,635,677
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-311,648,592
Total participant count2020-12-3112
Total funding target for all participants2020-12-311,893,203
Balance at beginning of prior year after applicable adjustments2020-12-315,369
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31289,980
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-315,369
Amount remaining of prefunding balance2020-12-31289,980
Present value of excess contributions2020-12-31257,471
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31271,426
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-315,831
Balance of prefunding at beginning of current year2020-12-31314,918
Total employer contributions2020-12-31212,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31206,913
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3138,085
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31206,913
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,437,539
Acturial value of plan assets2019-12-312,437,539
Funding target for retired participants and beneficiaries receiving payment2019-12-31250,535
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-311,509,544
Number of active participants2019-12-319
Total funding liabilities for active participants2019-12-311,516,362
Total participant count2019-12-3111
Total funding target for all participants2019-12-311,766,897
Balance at beginning of prior year after applicable adjustments2019-12-315,376
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31290,357
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 balance2019-12-315,376
Amount remaining of prefunding balance2019-12-31290,357
Present value of excess contributions2019-12-31257,240
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31271,774
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 year2019-12-315,369
Balance of prefunding at beginning of current year2019-12-31289,980
Total employer contributions2019-12-31264,000
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 date2019-12-31257,471
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 cost2019-12-3130,755
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31257,471
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,291,338
Acturial value of plan assets2018-12-312,291,338
Funding target for retired participants and beneficiaries receiving payment2018-12-31256,811
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-311,431,466
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-311,432,309
Total participant count2018-12-3111
Total funding target for all participants2018-12-311,689,120
Balance at beginning of prior year after applicable adjustments2018-12-315,148
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31278,066
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-315,148
Amount remaining of prefunding balance2018-12-31278,066
Present value of excess contributions2018-12-31257,014
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31271,972
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-315,376
Balance of prefunding at beginning of current year2018-12-31290,357
Total employer contributions2018-12-31264,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31257,240
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3132,119
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31257,240
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,969,797
Acturial value of plan assets2017-12-311,969,797
Funding target for retired participants and beneficiaries receiving payment2017-12-31249,786
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-311,259,681
Number of active participants2017-12-319
Total funding liabilities for active participants2017-12-311,260,101
Total participant count2017-12-3111
Total funding target for all participants2017-12-311,509,887
Balance at beginning of prior year after applicable adjustments2017-12-315,064
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31273,552
Amount remaining of carryover balance2017-12-315,064
Amount remaining of prefunding balance2017-12-31273,552
Present value of excess contributions2017-12-31226,976
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31240,595
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-315,148
Balance of prefunding at beginning of current year2017-12-31278,066
Total employer contributions2017-12-31264,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31257,014
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3126,714
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31257,014
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: CITIZENS BANK OF MORGANTOWN, INC. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,774,509
Acturial value of plan assets2016-12-311,774,509
Funding target for retired participants and beneficiaries receiving payment2016-12-31253,170
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-3126,120
Active participant vested funding target2016-12-311,126,515
Number of active participants2016-12-319
Total funding liabilities for active participants2016-12-311,128,039
Total participant count2016-12-3112
Total funding target for all participants2016-12-311,407,329
Balance at beginning of prior year after applicable adjustments2016-12-315,059
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31273,306
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-315,059
Amount remaining of prefunding balance2016-12-31273,306
Present value of excess contributions2016-12-31187,753
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31199,394
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-315,064
Balance of prefunding at beginning of current year2016-12-31273,552
Total employer contributions2016-12-31234,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31226,976
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3153,621
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31226,976
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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