401k Plan data: MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST plan

MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan Name	MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number	001

MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 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.

401k Sponsoring company profile

MIDWEST CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: MIDWEST CREDIT UNION

Employer identification number (EIN): 436034138

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-02-01 DIANE GIEBE 2019-05-29
001 2017-02-01 DIANE GIEBE 2018-11-07
001 2016-02-01 SUKIE CUNNINGHAM 2017-08-30
001 2015-02-01 SUKIE CUNNINGHAM 2016-09-16
001 2014-02-01 SUKIE CUNNINGHAM 2015-06-19
001 2013-02-01 SUKIE CUNNINGHAM 2014-06-13
001 2012-02-01 SUKIE CUNNINGHAM 2013-08-12
001 2011-02-01 SUKIE CUNNINGHAM 2012-09-17
001 2010-02-01 SUKIE CUNNINGHAM 2011-03-16 SUKIE CUNINGHAM 2011-03-16

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2018-02-01	DIANE GIEBE	2019-05-29
001	2017-02-01	DIANE GIEBE	2018-11-07
001	2016-02-01	SUKIE CUNNINGHAM	2017-08-30
001	2015-02-01	SUKIE CUNNINGHAM	2016-09-16
001	2014-02-01	SUKIE CUNNINGHAM	2015-06-19
001	2013-02-01	SUKIE CUNNINGHAM	2014-06-13
001	2012-02-01	SUKIE CUNNINGHAM	2013-08-12
001	2011-02-01	SUKIE CUNNINGHAM	2012-09-17
001	2010-02-01	SUKIE CUNNINGHAM	2011-03-16	SUKIE CUNINGHAM	2011-03-16

Plan Statistics for MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2018: MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets 2018-08-31 509,313
Acturial value of plan assets 2018-08-31 509,313
Funding target for retired participants and beneficiaries receiving payment 2018-08-31 0
Number of terminated vested participants 2018-08-31 7
Fundng target for terminated vested participants 2018-08-31 59,498
Active participant vested funding target 2018-08-31 349,184
Number of active participants 2018-08-31 5
Total funding liabilities for active participants 2018-08-31 349,184
Total participant count 2018-08-31 12
Total funding target for all participants 2018-08-31 408,682
Balance at beginning of prior year after applicable adjustments 2018-08-31 9,751
Prefunding balance at beginning of prior year after applicable adjustments 2018-08-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-08-31 0
Prefunding balanced used to offset prior years funding requirement 2018-08-31 0
Amount remaining of carryover balance 2018-08-31 9,751
Amount remaining of prefunding balance 2018-08-31 0
Present value of excess contributions 2018-08-31 81,472
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-08-31 85,986
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-08-31 0
Reductions in caryover balances due to elections or deemed elections 2018-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-08-31 0
Balance of carryovers at beginning of current year 2018-08-31 9,875
Balance of prefunding at beginning of current year 2018-08-31 0
Total employer contributions 2018-08-31 0
Total employee contributions 2018-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-08-31 0
Unpaid minimum required contributions for all prior years 2018-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-08-31 0
Remaining amount of unpaid minimum required contributions 2018-08-31 0
Minimum required contributions for current year target normal cost 2018-08-31 0
Net shortfall amortization installment of oustanding balance 2018-08-31 0
Waiver amortization installment 2018-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-08-31 0
Carryover balance elected to use to offset funding requirement 2018-08-31 0
Prefunding balance elected to use to offset funding requirement 2018-08-31 0
Additional cash requirement 2018-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-08-31 0
Unpaid minimum required contributions for current year 2018-08-31 0
Unpaid minimum required contributions for all years 2018-08-31 0
Market value of plan assets 2018-01-31 521,566
Acturial value of plan assets 2018-01-31 521,566
Funding target for retired participants and beneficiaries receiving payment 2018-01-31 0
Number of terminated vested participants 2018-01-31 8
Fundng target for terminated vested participants 2018-01-31 135,981
Active participant vested funding target 2018-01-31 275,471
Number of active participants 2018-01-31 6
Total funding liabilities for active participants 2018-01-31 280,229
Total participant count 2018-01-31 14
Total funding target for all participants 2018-01-31 416,210
Balance at beginning of prior year after applicable adjustments 2018-01-31 9,625
Prefunding balance at beginning of prior year after applicable adjustments 2018-01-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-01-31 0
Prefunding balanced used to offset prior years funding requirement 2018-01-31 0
Amount remaining of carryover balance 2018-01-31 9,625
Amount remaining of prefunding balance 2018-01-31 0
Present value of excess contributions 2018-01-31 57,242
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-01-31 60,499
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-01-31 0
Reductions in caryover balances due to elections or deemed elections 2018-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-01-31 0
Balance of carryovers at beginning of current year 2018-01-31 9,751
Balance of prefunding at beginning of current year 2018-01-31 0
Total employer contributions 2018-01-31 84,124
Total employee contributions 2018-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-01-31 81,472
Unpaid minimum required contributions for all prior years 2018-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-01-31 0
Remaining amount of unpaid minimum required contributions 2018-01-31 0
Minimum required contributions for current year target normal cost 2018-01-31 30,417
Net shortfall amortization installment of oustanding balance 2018-01-31 0
Waiver amortization installment 2018-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-01-31 0
Carryover balance elected to use to offset funding requirement 2018-01-31 0
Prefunding balance elected to use to offset funding requirement 2018-01-31 0
Additional cash requirement 2018-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-01-31 81,472
Unpaid minimum required contributions for current year 2018-01-31 0
Unpaid minimum required contributions for all years 2018-01-31 0
2017: MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets 2017-01-31 456,531
Acturial value of plan assets 2017-01-31 456,531
Funding target for retired participants and beneficiaries receiving payment 2017-01-31 0
Number of terminated vested participants 2017-01-31 7
Fundng target for terminated vested participants 2017-01-31 114,981
Active participant vested funding target 2017-01-31 242,264
Number of active participants 2017-01-31 5
Total funding liabilities for active participants 2017-01-31 248,158
Total participant count 2017-01-31 12
Total funding target for all participants 2017-01-31 363,139
Balance at beginning of prior year after applicable adjustments 2017-01-31 9,482
Prefunding balance at beginning of prior year after applicable adjustments 2017-01-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-01-31 0
Prefunding balanced used to offset prior years funding requirement 2017-01-31 0
Amount remaining of carryover balance 2017-01-31 9,482
Amount remaining of prefunding balance 2017-01-31 0
Present value of excess contributions 2017-01-31 50,035
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-01-31 53,057
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-01-31 0
Reductions in caryover balances due to elections or deemed elections 2017-01-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-01-31 0
Balance of carryovers at beginning of current year 2017-01-31 9,625
Balance of prefunding at beginning of current year 2017-01-31 0
Total employer contributions 2017-01-31 58,762
Total employee contributions 2017-01-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-01-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-01-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-01-31 57,242
Unpaid minimum required contributions for all prior years 2017-01-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-01-31 0
Remaining amount of unpaid minimum required contributions 2017-01-31 0
Minimum required contributions for current year target normal cost 2017-01-31 21,315
Net shortfall amortization installment of oustanding balance 2017-01-31 0
Waiver amortization installment 2017-01-31 0
Waived amount of outstanding balance 2017-01-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-01-31 0
Carryover balance elected to use to offset funding requirement 2017-01-31 0
Prefunding balance elected to use to offset funding requirement 2017-01-31 0
Additional cash requirement 2017-01-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-01-31 57,242
Unpaid minimum required contributions for current year 2017-01-31 0
Unpaid minimum required contributions for all years 2017-01-31 0

Measure	Date	Value
2018: MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets	2018-08-31	509,313
Acturial value of plan assets	2018-08-31	509,313
Funding target for retired participants and beneficiaries receiving payment	2018-08-31	0
Number of terminated vested participants	2018-08-31	7
Fundng target for terminated vested participants	2018-08-31	59,498
Active participant vested funding target	2018-08-31	349,184
Number of active participants	2018-08-31	5
Total funding liabilities for active participants	2018-08-31	349,184
Total participant count	2018-08-31	12
Total funding target for all participants	2018-08-31	408,682
Balance at beginning of prior year after applicable adjustments	2018-08-31	9,751
Prefunding balance at beginning of prior year after applicable adjustments	2018-08-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-08-31	0
Prefunding balanced used to offset prior years funding requirement	2018-08-31	0
Amount remaining of carryover balance	2018-08-31	9,751
Amount remaining of prefunding balance	2018-08-31	0
Present value of excess contributions	2018-08-31	81,472
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-08-31	85,986
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-08-31	0
Reductions in caryover balances due to elections or deemed elections	2018-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-08-31	0
Balance of carryovers at beginning of current year	2018-08-31	9,875
Balance of prefunding at beginning of current year	2018-08-31	0
Total employer contributions	2018-08-31	0
Total employee contributions	2018-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-08-31	0
Unpaid minimum required contributions for all prior years	2018-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-08-31	0
Remaining amount of unpaid minimum required contributions	2018-08-31	0
Minimum required contributions for current year target normal cost	2018-08-31	0
Net shortfall amortization installment of oustanding balance	2018-08-31	0
Waiver amortization installment	2018-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-08-31	0
Carryover balance elected to use to offset funding requirement	2018-08-31	0
Prefunding balance elected to use to offset funding requirement	2018-08-31	0
Additional cash requirement	2018-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-08-31	0
Unpaid minimum required contributions for current year	2018-08-31	0
Unpaid minimum required contributions for all years	2018-08-31	0
Market value of plan assets	2018-01-31	521,566
Acturial value of plan assets	2018-01-31	521,566
Funding target for retired participants and beneficiaries receiving payment	2018-01-31	0
Number of terminated vested participants	2018-01-31	8
Fundng target for terminated vested participants	2018-01-31	135,981
Active participant vested funding target	2018-01-31	275,471
Number of active participants	2018-01-31	6
Total funding liabilities for active participants	2018-01-31	280,229
Total participant count	2018-01-31	14
Total funding target for all participants	2018-01-31	416,210
Balance at beginning of prior year after applicable adjustments	2018-01-31	9,625
Prefunding balance at beginning of prior year after applicable adjustments	2018-01-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-01-31	0
Prefunding balanced used to offset prior years funding requirement	2018-01-31	0
Amount remaining of carryover balance	2018-01-31	9,625
Amount remaining of prefunding balance	2018-01-31	0
Present value of excess contributions	2018-01-31	57,242
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-01-31	60,499
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-01-31	0
Reductions in caryover balances due to elections or deemed elections	2018-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-01-31	0
Balance of carryovers at beginning of current year	2018-01-31	9,751
Balance of prefunding at beginning of current year	2018-01-31	0
Total employer contributions	2018-01-31	84,124
Total employee contributions	2018-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-01-31	81,472
Unpaid minimum required contributions for all prior years	2018-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-01-31	0
Remaining amount of unpaid minimum required contributions	2018-01-31	0
Minimum required contributions for current year target normal cost	2018-01-31	30,417
Net shortfall amortization installment of oustanding balance	2018-01-31	0
Waiver amortization installment	2018-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-01-31	0
Carryover balance elected to use to offset funding requirement	2018-01-31	0
Prefunding balance elected to use to offset funding requirement	2018-01-31	0
Additional cash requirement	2018-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-01-31	81,472
Unpaid minimum required contributions for current year	2018-01-31	0
Unpaid minimum required contributions for all years	2018-01-31	0
2017: MIDWEST CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets	2017-01-31	456,531
Acturial value of plan assets	2017-01-31	456,531
Funding target for retired participants and beneficiaries receiving payment	2017-01-31	0
Number of terminated vested participants	2017-01-31	7
Fundng target for terminated vested participants	2017-01-31	114,981
Active participant vested funding target	2017-01-31	242,264
Number of active participants	2017-01-31	5
Total funding liabilities for active participants	2017-01-31	248,158
Total participant count	2017-01-31	12
Total funding target for all participants	2017-01-31	363,139
Balance at beginning of prior year after applicable adjustments	2017-01-31	9,482
Prefunding balance at beginning of prior year after applicable adjustments	2017-01-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-01-31	0
Prefunding balanced used to offset prior years funding requirement	2017-01-31	0
Amount remaining of carryover balance	2017-01-31	9,482
Amount remaining of prefunding balance	2017-01-31	0
Present value of excess contributions	2017-01-31	50,035
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-01-31	53,057
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-01-31	0
Reductions in caryover balances due to elections or deemed elections	2017-01-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-01-31	0
Balance of carryovers at beginning of current year	2017-01-31	9,625
Balance of prefunding at beginning of current year	2017-01-31	0
Total employer contributions	2017-01-31	58,762
Total employee contributions	2017-01-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-01-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-01-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-01-31	57,242
Unpaid minimum required contributions for all prior years	2017-01-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-01-31	0
Remaining amount of unpaid minimum required contributions	2017-01-31	0
Minimum required contributions for current year target normal cost	2017-01-31	21,315
Net shortfall amortization installment of oustanding balance	2017-01-31	0
Waiver amortization installment	2017-01-31	0
Waived amount of outstanding balance	2017-01-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-01-31	0
Carryover balance elected to use to offset funding requirement	2017-01-31	0
Prefunding balance elected to use to offset funding requirement	2017-01-31	0
Additional cash requirement	2017-01-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-01-31	57,242
Unpaid minimum required contributions for current year	2017-01-31	0
Unpaid minimum required contributions for all years	2017-01-31	0

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Company Name:	MIDWEST CREDIT UNION
Employer identification number (EIN):	436034138
NAIC Classification:	522130
NAIC Description:	Credit Unions