401k Plan data: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN plan

GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN
Plan identification number	001

GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined 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).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GEORGIA BANKERS ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name: GEORGIA BANKERS ASSOCIATION

Employer identification number (EIN): 580254910

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01 JOHN RUNNION 2021-07-25
001 2019-01-01 JOHN RUNNION 2020-10-13
001 2018-01-01 JOHN RUNNION 2019-10-04
001 2017-01-01 JOHN RUNNION 2018-09-25
001 2017-01-01
001 2016-01-01 JOHN RUNNION 2017-10-10 JOHN RUNNION 2017-10-10
001 2016-01-01 JOHN RUNNION 2017-10-06
001 2015-01-01 JOHN RUNNION 2016-10-07
001 2014-01-01 JOHN RUNNION 2015-07-14
001 2013-01-01 JOHN RUNNION 2014-10-10
001 2012-01-01 JOHN RUNNION 2013-07-29
001 2011-01-01 JOHN RUNNION 2012-10-10 JOHN RUNNION 2012-10-10
001 2010-01-01 JOHN RUNNION 2011-07-25 JOHN RUNNION 2011-07-25
001 2008-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2020-01-01	JOHN RUNNION	2021-07-25
001	2019-01-01	JOHN RUNNION	2020-10-13
001	2018-01-01	JOHN RUNNION	2019-10-04
001	2017-01-01	JOHN RUNNION	2018-09-25
001	2017-01-01
001	2016-01-01	JOHN RUNNION	2017-10-10	JOHN RUNNION	2017-10-10
001	2016-01-01	JOHN RUNNION	2017-10-06
001	2015-01-01	JOHN RUNNION	2016-10-07
001	2014-01-01	JOHN RUNNION	2015-07-14
001	2013-01-01	JOHN RUNNION	2014-10-10
001	2012-01-01	JOHN RUNNION	2013-07-29
001	2011-01-01	JOHN RUNNION	2012-10-10	JOHN RUNNION	2012-10-10
001	2010-01-01	JOHN RUNNION	2011-07-25	JOHN RUNNION	2011-07-25
001	2008-01-01

Plan Statistics for GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN

Measure Date Value
2019: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 3,783,751
Acturial value of plan assets 2019-12-31 3,783,751
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 2,881,586
Number of terminated vested participants 2019-12-31 3
Fundng target for terminated vested participants 2019-12-31 73,364
Active participant vested funding target 2019-12-31 1,230,969
Number of active participants 2019-12-31 13
Total funding liabilities for active participants 2019-12-31 1,268,849
Total participant count 2019-12-31 19
Total funding target for all participants 2019-12-31 4,223,799
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 265,520
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 198,564
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 66,956
Present value of excess contributions 2019-12-31 757,695
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 779,547
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 150,000
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 213,729
Total employer contributions 2019-12-31 1,527,162
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 1,430,366
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 150,228
Net shortfall amortization installment of oustanding balance 2019-12-31 653,777
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 278,647
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 54,630
Additional cash requirement 2019-12-31 224,017
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 1,430,366
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 3,893,014
Acturial value of plan assets 2018-12-31 3,893,014
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 242,022
Number of terminated vested participants 2018-12-31 3
Fundng target for terminated vested participants 2018-12-31 65,358
Active participant vested funding target 2018-12-31 3,787,585
Number of active participants 2018-12-31 15
Total funding liabilities for active participants 2018-12-31 3,809,275
Total participant count 2018-12-31 20
Total funding target for all participants 2018-12-31 4,116,655
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 231,774
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 231,774
Present value of excess contributions 2018-12-31 119,595
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 126,520
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 265,520
Total employer contributions 2018-12-31 835,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 777,651
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 128,025
Net shortfall amortization installment of oustanding balance 2018-12-31 489,161
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 218,520
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 198,564
Additional cash requirement 2018-12-31 19,956
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 777,651
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 3,285,251
Acturial value of plan assets 2017-12-31 3,346,786
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 241,625
Number of terminated vested participants 2017-12-31 4
Fundng target for terminated vested participants 2017-12-31 56,245
Active participant vested funding target 2017-12-31 3,178,402
Number of active participants 2017-12-31 15
Total funding liabilities for active participants 2017-12-31 3,218,630
Total participant count 2017-12-31 21
Total funding target for all participants 2017-12-31 3,516,500
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 216,389
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 216,389
Present value of excess contributions 2017-12-31 135
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 143
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 231,774
Total employer contributions 2017-12-31 339,572
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 318,159
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 130,224
Net shortfall amortization installment of oustanding balance 2017-12-31 401,488
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 198,564
Additional cash requirement 2017-12-31 198,564
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 318,159
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 2,998,337
Acturial value of plan assets 2016-12-31 3,161,170
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 244,323
Number of terminated vested participants 2016-12-31 3
Fundng target for terminated vested participants 2016-12-31 50,064
Active participant vested funding target 2016-12-31 2,743,283
Number of active participants 2016-12-31 16
Total funding liabilities for active participants 2016-12-31 2,774,465
Total participant count 2016-12-31 21
Total funding target for all participants 2016-12-31 3,068,852
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 80,228
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 80,228
Present value of excess contributions 2016-12-31 128,570
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 136,554
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 136,554
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 216,389
Total employer contributions 2016-12-31 153,676
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 141,141
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 120,507
Net shortfall amortization installment of oustanding balance 2016-12-31 124,071
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 141,006
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 141,006
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 141,141
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2019: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	3,783,751
Acturial value of plan assets	2019-12-31	3,783,751
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	2,881,586
Number of terminated vested participants	2019-12-31	3
Fundng target for terminated vested participants	2019-12-31	73,364
Active participant vested funding target	2019-12-31	1,230,969
Number of active participants	2019-12-31	13
Total funding liabilities for active participants	2019-12-31	1,268,849
Total participant count	2019-12-31	19
Total funding target for all participants	2019-12-31	4,223,799
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	265,520
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	198,564
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	66,956
Present value of excess contributions	2019-12-31	757,695
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	779,547
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	150,000
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	213,729
Total employer contributions	2019-12-31	1,527,162
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	1,430,366
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	150,228
Net shortfall amortization installment of oustanding balance	2019-12-31	653,777
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	278,647
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	54,630
Additional cash requirement	2019-12-31	224,017
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	1,430,366
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	3,893,014
Acturial value of plan assets	2018-12-31	3,893,014
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	242,022
Number of terminated vested participants	2018-12-31	3
Fundng target for terminated vested participants	2018-12-31	65,358
Active participant vested funding target	2018-12-31	3,787,585
Number of active participants	2018-12-31	15
Total funding liabilities for active participants	2018-12-31	3,809,275
Total participant count	2018-12-31	20
Total funding target for all participants	2018-12-31	4,116,655
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	231,774
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	231,774
Present value of excess contributions	2018-12-31	119,595
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	126,520
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	265,520
Total employer contributions	2018-12-31	835,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	777,651
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	128,025
Net shortfall amortization installment of oustanding balance	2018-12-31	489,161
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	218,520
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	198,564
Additional cash requirement	2018-12-31	19,956
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	777,651
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	3,285,251
Acturial value of plan assets	2017-12-31	3,346,786
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	241,625
Number of terminated vested participants	2017-12-31	4
Fundng target for terminated vested participants	2017-12-31	56,245
Active participant vested funding target	2017-12-31	3,178,402
Number of active participants	2017-12-31	15
Total funding liabilities for active participants	2017-12-31	3,218,630
Total participant count	2017-12-31	21
Total funding target for all participants	2017-12-31	3,516,500
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	216,389
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	216,389
Present value of excess contributions	2017-12-31	135
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	143
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	231,774
Total employer contributions	2017-12-31	339,572
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	318,159
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	130,224
Net shortfall amortization installment of oustanding balance	2017-12-31	401,488
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	198,564
Additional cash requirement	2017-12-31	198,564
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	318,159
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	2,998,337
Acturial value of plan assets	2016-12-31	3,161,170
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	244,323
Number of terminated vested participants	2016-12-31	3
Fundng target for terminated vested participants	2016-12-31	50,064
Active participant vested funding target	2016-12-31	2,743,283
Number of active participants	2016-12-31	16
Total funding liabilities for active participants	2016-12-31	2,774,465
Total participant count	2016-12-31	21
Total funding target for all participants	2016-12-31	3,068,852
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	80,228
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	80,228
Present value of excess contributions	2016-12-31	128,570
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	136,554
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	136,554
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	216,389
Total employer contributions	2016-12-31	153,676
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	141,141
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	120,507
Net shortfall amortization installment of oustanding balance	2016-12-31	124,071
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	141,006
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	141,006
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	141,141
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Form 5500 Responses for GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN

2008: GEORGIA BANKERS ASSOCIATION DEFINED BENEFIT PENSION PLAN 2008 form 5500 responses
2008-01-01	Type of plan entity	Single employer plan
2008-01-01	Submission has been amended	Yes
2008-01-01	This submission is the final filing	No
2008-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2008-01-01	Plan is a collectively bargained plan	No

Potentially related plans

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Company Name:	GEORGIA BANKERS ASSOCIATION
Employer identification number (EIN):	580254910
NAIC Classification:	522110
NAIC Description:	Commercial Banking