CITIZENS BANK & TRUST COMPANY DC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY
401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY
Measure | Date | Value |
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2022: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 16,711,138 |
Acturial value of plan assets | 2022-12-31 | 16,711,138 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 2,332,609 |
Number of terminated vested participants | 2022-12-31 | 7 |
Fundng target for terminated vested participants | 2022-12-31 | 255,762 |
Active participant vested funding target | 2022-12-31 | 4,874,188 |
Number of active participants | 2022-12-31 | 22 |
Total funding liabilities for active participants | 2022-12-31 | 4,874,188 |
Total participant count | 2022-12-31 | 51 |
Total funding target for all participants | 2022-12-31 | 7,462,559 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 1,281,091 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 2,191,029 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 1,281,091 |
Amount remaining of prefunding balance | 2022-12-31 | 2,191,029 |
Present value of excess contributions | 2022-12-31 | 488,608 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 516,214 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 1,281,091 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 2,191,029 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 0 |
Total employer contributions | 2022-12-31 | 0 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 379,927 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
2021: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 14,291,202 |
Acturial value of plan assets | 2021-12-31 | 14,291,202 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 1,911,312 |
Number of terminated vested participants | 2021-12-31 | 9 |
Fundng target for terminated vested participants | 2021-12-31 | 266,783 |
Active participant vested funding target | 2021-12-31 | 4,683,025 |
Number of active participants | 2021-12-31 | 26 |
Total funding liabilities for active participants | 2021-12-31 | 4,683,025 |
Total participant count | 2021-12-31 | 55 |
Total funding target for all participants | 2021-12-31 | 6,861,120 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 1,111,576 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 1,901,110 |
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 | 1,111,576 |
Amount remaining of prefunding balance | 2021-12-31 | 1,901,110 |
Present value of excess contributions | 2021-12-31 | 489,066 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 515,720 |
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 | 1,281,091 |
Balance of prefunding at beginning of current year | 2021-12-31 | 2,191,029 |
Total employer contributions | 2021-12-31 | 500,000 |
Total employee contributions | 2021-12-31 | 0 |
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 | 488,608 |
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 | 361,302 |
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 | 488,608 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
2020: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 13,263,033 |
Acturial value of plan assets | 2020-12-31 | 13,263,033 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 1,785,851 |
Number of terminated vested participants | 2020-12-31 | 20 |
Fundng target for terminated vested participants | 2020-12-31 | 1,016,457 |
Active participant vested funding target | 2020-12-31 | 4,473,539 |
Number of active participants | 2020-12-31 | 28 |
Total funding liabilities for active participants | 2020-12-31 | 4,473,539 |
Total participant count | 2020-12-31 | 67 |
Total funding target for all participants | 2020-12-31 | 7,275,847 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 906,373 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 1,550,155 |
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 | 906,373 |
Amount remaining of prefunding balance | 2020-12-31 | 1,550,155 |
Present value of excess contributions | 2020-12-31 | 490,841 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 518,377 |
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 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 1,111,576 |
Balance of prefunding at beginning of current year | 2020-12-31 | 1,901,110 |
Total employer contributions | 2020-12-31 | 500,000 |
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 | 489,066 |
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 | 430,266 |
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 | 489,066 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
2019: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY 2019 401k membership |
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Market value of plan assets | 2019-12-31 | 10,518,389 |
Acturial value of plan assets | 2019-12-31 | 10,518,389 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 1,742,723 |
Number of terminated vested participants | 2019-12-31 | 17 |
Fundng target for terminated vested participants | 2019-12-31 | 231,476 |
Active participant vested funding target | 2019-12-31 | 4,618,399 |
Number of active participants | 2019-12-31 | 32 |
Total funding liabilities for active participants | 2019-12-31 | 4,618,399 |
Total participant count | 2019-12-31 | 67 |
Total funding target for all participants | 2019-12-31 | 6,592,598 |
Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 936,529 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 1,601,731 |
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 | 936,529 |
Amount remaining of prefunding balance | 2019-12-31 | 1,601,731 |
Present value of excess contributions | 2019-12-31 | 491,093 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 519,478 |
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 | 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 | 906,373 |
Balance of prefunding at beginning of current year | 2019-12-31 | 1,550,155 |
Total employer contributions | 2019-12-31 | 500,000 |
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 | 490,841 |
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 | 407,373 |
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 | 490,841 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
2018: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY 2018 401k membership |
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Market value of plan assets | 2018-12-31 | 10,550,499 |
Acturial value of plan assets | 2018-12-31 | 10,550,499 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 1,824,433 |
Number of terminated vested participants | 2018-12-31 | 17 |
Fundng target for terminated vested participants | 2018-12-31 | 203,222 |
Active participant vested funding target | 2018-12-31 | 3,801,525 |
Number of active participants | 2018-12-31 | 32 |
Total funding liabilities for active participants | 2018-12-31 | 3,801,525 |
Total participant count | 2018-12-31 | 68 |
Total funding target for all participants | 2018-12-31 | 5,829,180 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 816,147 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 1,395,844 |
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 | 816,147 |
Amount remaining of prefunding balance | 2018-12-31 | 1,395,844 |
Present value of excess contributions | 2018-12-31 | 491,341 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 520,428 |
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 | 936,529 |
Balance of prefunding at beginning of current year | 2018-12-31 | 1,601,731 |
Total employer contributions | 2018-12-31 | 500,000 |
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 | 491,093 |
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 | 350,177 |
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 | 491,093 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
2017: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY 2017 401k membership |
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Market value of plan assets | 2017-12-31 | 11,132,527 |
Acturial value of plan assets | 2017-12-31 | 11,132,527 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 1,777,753 |
Number of terminated vested participants | 2017-12-31 | 17 |
Fundng target for terminated vested participants | 2017-12-31 | 185,596 |
Active participant vested funding target | 2017-12-31 | 5,184,095 |
Number of active participants | 2017-12-31 | 33 |
Total funding liabilities for active participants | 2017-12-31 | 5,184,095 |
Total participant count | 2017-12-31 | 68 |
Total funding target for all participants | 2017-12-31 | 7,147,444 |
Balance at beginning of prior year after applicable adjustments | 2017-12-31 | 747,182 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-12-31 | 1,277,894 |
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 | 747,182 |
Amount remaining of prefunding balance | 2017-12-31 | 1,277,894 |
Present value of excess contributions | 2017-12-31 | 489,637 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 519,603 |
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 | 816,147 |
Balance of prefunding at beginning of current year | 2017-12-31 | 1,395,844 |
Total employer contributions | 2017-12-31 | 500,000 |
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 | 491,341 |
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 | 316,081 |
Net shortfall amortization installment of oustanding balance | 2017-12-31 | 0 |
Waiver amortization installment | 2017-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Additional cash requirement | 2017-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 491,341 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
2016: RETIREMENT PLAN FOR EMPLOYEES OF CITIZENS BANK & TRUST COMPANY 2016 401k membership |
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Market value of plan assets | 2016-12-31 | 9,971,026 |
Acturial value of plan assets | 2016-12-31 | 9,971,026 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 1,607,053 |
Number of terminated vested participants | 2016-12-31 | 17 |
Fundng target for terminated vested participants | 2016-12-31 | 167,774 |
Active participant vested funding target | 2016-12-31 | 4,459,497 |
Number of active participants | 2016-12-31 | 35 |
Total funding liabilities for active participants | 2016-12-31 | 4,534,116 |
Total participant count | 2016-12-31 | 68 |
Total funding target for all participants | 2016-12-31 | 6,308,943 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 729,243 |
Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 1,247,213 |
Amount remaining of carryover balance | 2016-12-31 | 729,243 |
Amount remaining of prefunding balance | 2016-12-31 | 1,247,213 |
Present value of excess contributions | 2016-12-31 | 473,884 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 503,786 |
Balance of carryovers at beginning of current year | 2016-12-31 | 747,182 |
Balance of prefunding at beginning of current year | 2016-12-31 | 1,277,894 |
Total employer contributions | 2016-12-31 | 500,000 |
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 | 489,637 |
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 | 195,052 |
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 |
Additional cash requirement | 2016-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 489,637 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |