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THE FIRST SECURITY BANK FROZEN DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan NameTHE FIRST SECURITY BANK FROZEN DEFINED BENEFIT PENSION PLAN
Plan identification number 001

THE FIRST SECURITY BANK FROZEN DEFINED BENEFIT PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).

401k Sponsoring company profile

THE FIRST SECURITY BANK has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST SECURITY BANK
Employer identification number (EIN):730143695
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST SECURITY BANK FROZEN DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01ZAN PRINCE2019-09-27
0012018-01-01ZAN PRINCE2019-09-27

Plan Statistics for THE FIRST SECURITY BANK FROZEN DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for THE FIRST SECURITY BANK FROZEN DEFINED BENEFIT PENSION PLAN

Measure Date Value
2018: THE FIRST SECURITY BANK FROZEN DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,270,297
Acturial value of plan assets2018-12-311,270,297
Funding target for retired participants and beneficiaries receiving payment2018-12-3172,471
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-31386,116
Active participant vested funding target2018-12-31693,782
Number of active participants2018-12-3114
Total funding liabilities for active participants2018-12-31693,782
Total participant count2018-12-3118
Total funding target for all participants2018-12-311,152,369
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310

Potentially related plans

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