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

GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 401k Plan overview

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

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

Company Name: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST

Employer identification number (EIN): 582241094

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01 G. DANIEL THOMASON 2020-09-16
001 2018-01-01 G. DANIEL THOMASON 2019-10-04
001 2017-01-01 G. DANIEL THOMASON 2018-09-25
001 2016-01-01 G. DANIEL THOMASON 2017-10-06
001 2015-01-01 G. DANIEL THOMASON 2016-10-07
001 2014-01-01 G. DANIEL THOMASON 2015-07-14
001 2013-01-01 G. DANIEL THOMASON 2014-06-30
001 2012-01-01 G. DANIEL THOMASON 2013-07-29
001 2011-01-01 G. DANIEL THOMASON 2012-10-12 G. DANIEL THOMASON 2012-10-12
001 2010-01-01 G. DANIEL THOMASON 2011-07-25 G. DANIEL THOMASON 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	2023-01-01
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2019-01-01	G. DANIEL THOMASON	2020-09-16
001	2018-01-01	G. DANIEL THOMASON	2019-10-04
001	2017-01-01	G. DANIEL THOMASON	2018-09-25
001	2016-01-01	G. DANIEL THOMASON	2017-10-06
001	2015-01-01	G. DANIEL THOMASON	2016-10-07
001	2014-01-01	G. DANIEL THOMASON	2015-07-14
001	2013-01-01	G. DANIEL THOMASON	2014-06-30
001	2012-01-01	G. DANIEL THOMASON	2013-07-29
001	2011-01-01	G. DANIEL THOMASON	2012-10-12	G. DANIEL THOMASON	2012-10-12
001	2010-01-01	G. DANIEL THOMASON	2011-07-25	G. DANIEL THOMASON	2011-07-25
001	2008-01-01

Plan Statistics for GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN

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

Measure Date Value
2021: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 6,606,105
Acturial value of plan assets 2021-12-31 6,606,105
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 0
Number of terminated vested participants 2021-12-31 1
Fundng target for terminated vested participants 2021-12-31 52,018
Active participant vested funding target 2021-12-31 2,388,652
Number of active participants 2021-12-31 37
Total funding liabilities for active participants 2021-12-31 2,474,838
Total participant count 2021-12-31 38
Total funding target for all participants 2021-12-31 2,526,856
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 1,579,128
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 1,579,128
Present value of excess contributions 2021-12-31 380,173
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 399,524
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 1,751,569
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 212,005
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 6,065,959
Acturial value of plan assets 2020-12-31 6,065,959
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 1
Fundng target for terminated vested participants 2020-12-31 51,643
Active participant vested funding target 2020-12-31 2,527,493
Number of active participants 2020-12-31 40
Total funding liabilities for active participants 2020-12-31 2,604,450
Total participant count 2020-12-31 41
Total funding target for all participants 2020-12-31 2,656,093
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 1,546,047
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 1,546,047
Present value of excess contributions 2020-12-31 801,606
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 844,572
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 250,000
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 1,579,128
Total employer contributions 2020-12-31 406,762
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 2020-12-31 380,173
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 2020-12-31 273,647
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
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 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 380,173
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 4,992,696
Acturial value of plan assets 2019-12-31 4,992,696
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 2
Fundng target for terminated vested participants 2019-12-31 48,827
Active participant vested funding target 2019-12-31 2,969,145
Number of active participants 2019-12-31 42
Total funding liabilities for active participants 2019-12-31 3,097,282
Total participant count 2019-12-31 44
Total funding target for all participants 2019-12-31 3,146,109
Balance at beginning of prior year after applicable adjustments 2019-12-31 98,555
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 2,759,529
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 0
Amount remaining of carryover balance 2019-12-31 98,555
Amount remaining of prefunding balance 2019-12-31 2,759,529
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 94,692
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 1,105,308
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 1,546,047
Total employer contributions 2019-12-31 864,125
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 2019-12-31 801,606
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 2019-12-31 279,816
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
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 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 801,606
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 INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 5,928,356
Acturial value of plan assets 2018-12-31 5,928,356
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 3
Fundng target for terminated vested participants 2018-12-31 150,530
Active participant vested funding target 2018-12-31 2,575,612
Number of active participants 2018-12-31 48
Total funding liabilities for active participants 2018-12-31 2,666,798
Total participant count 2018-12-31 51
Total funding target for all participants 2018-12-31 2,817,328
Balance at beginning of prior year after applicable adjustments 2018-12-31 403,087
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 2,479,807
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 2018-12-31 403,087
Amount remaining of prefunding balance 2018-12-31 2,479,807
Present value of excess contributions 2018-12-31 120,787
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 127,696
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 2018-12-31 350,000
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 98,555
Balance of prefunding at beginning of current year 2018-12-31 2,759,529
Total employer contributions 2018-12-31 0
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 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 2018-12-31 251,863
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
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 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
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 INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 5,329,690
Acturial value of plan assets 2017-12-31 5,329,690
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 2
Fundng target for terminated vested participants 2017-12-31 64,092
Active participant vested funding target 2017-12-31 2,093,558
Number of active participants 2017-12-31 48
Total funding liabilities for active participants 2017-12-31 2,154,098
Total participant count 2017-12-31 50
Total funding target for all participants 2017-12-31 2,218,190
Balance at beginning of prior year after applicable adjustments 2017-12-31 457,341
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 2,312,390
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 2017-12-31 457,341
Amount remaining of prefunding balance 2017-12-31 2,312,390
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
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 87,365
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 403,087
Balance of prefunding at beginning of current year 2017-12-31 2,479,807
Total employer contributions 2017-12-31 130,948
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 2017-12-31 120,787
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 2017-12-31 228,606
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 120,787
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 INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 5,004,511
Acturial value of plan assets 2016-12-31 5,004,511
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 3
Fundng target for terminated vested participants 2016-12-31 59,485
Active participant vested funding target 2016-12-31 1,624,985
Number of active participants 2016-12-31 45
Total funding liabilities for active participants 2016-12-31 1,766,529
Total participant count 2016-12-31 48
Total funding target for all participants 2016-12-31 1,826,014
Balance at beginning of prior year after applicable adjustments 2016-12-31 457,936
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 2,315,400
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 2016-12-31 457,936
Amount remaining of prefunding balance 2016-12-31 2,315,400
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
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 2016-12-31 457,341
Balance of prefunding at beginning of current year 2016-12-31 2,312,390
Total employer contributions 2016-12-31 0
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 0
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 2016-12-31 183,951
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 0
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
2021: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	6,606,105
Acturial value of plan assets	2021-12-31	6,606,105
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	1
Fundng target for terminated vested participants	2021-12-31	52,018
Active participant vested funding target	2021-12-31	2,388,652
Number of active participants	2021-12-31	37
Total funding liabilities for active participants	2021-12-31	2,474,838
Total participant count	2021-12-31	38
Total funding target for all participants	2021-12-31	2,526,856
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	1,579,128
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	1,579,128
Present value of excess contributions	2021-12-31	380,173
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	399,524
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	1,751,569
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	212,005
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	6,065,959
Acturial value of plan assets	2020-12-31	6,065,959
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	1
Fundng target for terminated vested participants	2020-12-31	51,643
Active participant vested funding target	2020-12-31	2,527,493
Number of active participants	2020-12-31	40
Total funding liabilities for active participants	2020-12-31	2,604,450
Total participant count	2020-12-31	41
Total funding target for all participants	2020-12-31	2,656,093
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	1,546,047
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	1,546,047
Present value of excess contributions	2020-12-31	801,606
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	844,572
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
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	250,000
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	1,579,128
Total employer contributions	2020-12-31	406,762
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	380,173
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	273,647
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
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	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	380,173
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	4,992,696
Acturial value of plan assets	2019-12-31	4,992,696
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	2
Fundng target for terminated vested participants	2019-12-31	48,827
Active participant vested funding target	2019-12-31	2,969,145
Number of active participants	2019-12-31	42
Total funding liabilities for active participants	2019-12-31	3,097,282
Total participant count	2019-12-31	44
Total funding target for all participants	2019-12-31	3,146,109
Balance at beginning of prior year after applicable adjustments	2019-12-31	98,555
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	2,759,529
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	0
Amount remaining of carryover balance	2019-12-31	98,555
Amount remaining of prefunding balance	2019-12-31	2,759,529
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	94,692
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	1,105,308
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	1,546,047
Total employer contributions	2019-12-31	864,125
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	801,606
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	279,816
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
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	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	801,606
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 INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	5,928,356
Acturial value of plan assets	2018-12-31	5,928,356
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	3
Fundng target for terminated vested participants	2018-12-31	150,530
Active participant vested funding target	2018-12-31	2,575,612
Number of active participants	2018-12-31	48
Total funding liabilities for active participants	2018-12-31	2,666,798
Total participant count	2018-12-31	51
Total funding target for all participants	2018-12-31	2,817,328
Balance at beginning of prior year after applicable adjustments	2018-12-31	403,087
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	2,479,807
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	403,087
Amount remaining of prefunding balance	2018-12-31	2,479,807
Present value of excess contributions	2018-12-31	120,787
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	127,696
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	350,000
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	98,555
Balance of prefunding at beginning of current year	2018-12-31	2,759,529
Total employer contributions	2018-12-31	0
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	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	251,863
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
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	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
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 INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	5,329,690
Acturial value of plan assets	2017-12-31	5,329,690
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	2
Fundng target for terminated vested participants	2017-12-31	64,092
Active participant vested funding target	2017-12-31	2,093,558
Number of active participants	2017-12-31	48
Total funding liabilities for active participants	2017-12-31	2,154,098
Total participant count	2017-12-31	50
Total funding target for all participants	2017-12-31	2,218,190
Balance at beginning of prior year after applicable adjustments	2017-12-31	457,341
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	2,312,390
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	457,341
Amount remaining of prefunding balance	2017-12-31	2,312,390
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
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	87,365
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	403,087
Balance of prefunding at beginning of current year	2017-12-31	2,479,807
Total employer contributions	2017-12-31	130,948
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	120,787
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	228,606
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	120,787
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 INSURANCE TRUST DEFINED BENEFIT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	5,004,511
Acturial value of plan assets	2016-12-31	5,004,511
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	3
Fundng target for terminated vested participants	2016-12-31	59,485
Active participant vested funding target	2016-12-31	1,624,985
Number of active participants	2016-12-31	45
Total funding liabilities for active participants	2016-12-31	1,766,529
Total participant count	2016-12-31	48
Total funding target for all participants	2016-12-31	1,826,014
Balance at beginning of prior year after applicable adjustments	2016-12-31	457,936
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	2,315,400
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	457,936
Amount remaining of prefunding balance	2016-12-31	2,315,400
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
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	457,341
Balance of prefunding at beginning of current year	2016-12-31	2,312,390
Total employer contributions	2016-12-31	0
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	0
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	183,951
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
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 INSURANCE TRUST DEFINED BENEFIT PENSION PLAN

2008: GEORGIA BANKERS ASSOCIATION INSURANCE TRUST 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

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Company Name:	GEORGIA BANKERS ASSOCIATION INSURANCE TRUST
Employer identification number (EIN):	582241094
NAIC Classification:	522110
NAIC Description:	Commercial Banking