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THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 401k Plan overview

Plan NameTHE COMMERCIAL BANK OF NELSON NE PENSION PLAN
Plan identification number 001

THE COMMERCIAL BANK OF NELSON NE PENSION PLAN Benefits

401k Plan TypeDefined 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.
  • 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

COMMERCIAL BANK OF NELSON, NE has sponsored the creation of one or more 401k plans.

Company Name:COMMERCIAL BANK OF NELSON, NE
Employer identification number (EIN):470130550
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE COMMERCIAL BANK OF NELSON NE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-11-06STEVE CLABAUGH
0012015-11-06STEVE CLABAUGH
0012014-11-06STEVE CLABAUGH
0012013-11-06STEVE CLABAUGH
0012012-11-06STEVE CLABAUGH STEVE CLABAUGH2014-05-28
0012011-11-06STEVE CLABAUGH
0012009-11-06STEVE CLABAUGH

Plan Statistics for THE COMMERCIAL BANK OF NELSON NE PENSION PLAN

401k plan membership statisitcs for THE COMMERCIAL BANK OF NELSON NE PENSION PLAN

Measure Date Value
2017: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2017 401k membership
Market value of plan assets2017-10-09353,097
Acturial value of plan assets2017-10-09381,947
Funding target for retired participants and beneficiaries receiving payment2017-10-090
Number of terminated vested participants2017-10-090
Fundng target for terminated vested participants2017-10-090
Active participant vested funding target2017-10-09418,077
Number of active participants2017-10-098
Total funding liabilities for active participants2017-10-09448,177
Total participant count2017-10-098
Total funding target for all participants2017-10-09448,177
Balance at beginning of prior year after applicable adjustments2017-10-092,657
Prefunding balance at beginning of prior year after applicable adjustments2017-10-090
Carryover balanced portion elected for use to offset prior years funding requirement2017-10-090
Prefunding balanced used to offset prior years funding requirement2017-10-090
Amount remaining of carryover balance2017-10-092,657
Amount remaining of prefunding balance2017-10-090
Present value of excess contributions2017-10-0984
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-10-0989
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-10-090
Reductions in caryover balances due to elections or deemed elections2017-10-090
Reductions in prefunding balances due to elections or deemed elections2017-10-090
Balance of carryovers at beginning of current year2017-10-092,652
Balance of prefunding at beginning of current year2017-10-090
Total employer contributions2017-10-09266,461
Total employee contributions2017-10-090
Contributions allocated toward unpaid minimum require contributions from prior years2017-10-090
Contributions made to avoid restrictions adjusted to valuation date2017-10-090
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-10-09253,415
Unpaid minimum required contributions for all prior years2017-10-090
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-10-090
Remaining amount of unpaid minimum required contributions2017-10-090
Minimum required contributions for current year target normal cost2017-10-090
Net shortfall amortization installment of oustanding balance2017-10-0968,882
Waiver amortization installment2017-10-090
Waived amount of outstanding balance2017-10-090
Total funding amount beforereflecting carryover/prefunding balances2017-10-099,829
Carryover balance elected to use to offset funding requirement2017-10-092,652
Prefunding balance elected to use to offset funding requirement2017-10-090
Additional cash requirement2017-10-097,177
Contributions allocatedtoward minimum required contributions for current year2017-10-09253,415
Unpaid minimum required contributions for current year2017-10-090
Unpaid minimum required contributions for all years2017-10-090
2016: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2016 401k membership
Total participants, beginning-of-year2016-11-068
Total number of active participants reported on line 7a of the Form 55002016-11-060
Number of retired or separated participants receiving benefits2016-11-060
Number of other retired or separated participants entitled to future benefits2016-11-060
Total of all active and inactive participants2016-11-060
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-11-060
Total participants2016-11-060
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-11-060
2015: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-11-0610
Total number of active participants reported on line 7a of the Form 55002015-11-068
Number of retired or separated participants receiving benefits2015-11-060
Number of other retired or separated participants entitled to future benefits2015-11-060
Total of all active and inactive participants2015-11-068
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-11-060
Total participants2015-11-068
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-11-060
2014: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-11-0610
Total number of active participants reported on line 7a of the Form 55002014-11-068
Number of retired or separated participants receiving benefits2014-11-061
Number of other retired or separated participants entitled to future benefits2014-11-061
Total of all active and inactive participants2014-11-0610
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-11-060
Total participants2014-11-0610
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-11-060
2013: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-11-069
Total number of active participants reported on line 7a of the Form 55002013-11-068
Number of retired or separated participants receiving benefits2013-11-061
Number of other retired or separated participants entitled to future benefits2013-11-061
Total of all active and inactive participants2013-11-0610
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-11-060
Total participants2013-11-0610
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-11-060
2012: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-11-068
Total number of active participants reported on line 7a of the Form 55002012-11-066
Number of retired or separated participants receiving benefits2012-11-061
Number of other retired or separated participants entitled to future benefits2012-11-061
Total of all active and inactive participants2012-11-068
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-11-060
Total participants2012-11-068
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-11-060
2011: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-11-068
Total number of active participants reported on line 7a of the Form 55002011-11-067
Number of retired or separated participants receiving benefits2011-11-061
Number of other retired or separated participants entitled to future benefits2011-11-060
Total of all active and inactive participants2011-11-068
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-11-060
Total participants2011-11-068
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-11-060
2009: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-11-068
Total number of active participants reported on line 7a of the Form 55002009-11-068
Number of retired or separated participants receiving benefits2009-11-060
Number of other retired or separated participants entitled to future benefits2009-11-060
Total of all active and inactive participants2009-11-068
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-11-060
Total participants2009-11-068
Number of participants with account balances2009-11-060
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-11-060

Financial Data on THE COMMERCIAL BANK OF NELSON NE PENSION PLAN

Measure Date Value
2017 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2017 401k financial data
Total income from all sources2017-10-09$289,872
Expenses. Total of all expenses incurred2017-10-09$642,969
Benefits paid (including direct rollovers)2017-10-09$642,664
Total plan assets at end of year2017-10-09$0
Total plan assets at beginning of year2017-10-09$353,097
Value of fidelity bond covering the plan2017-10-09$1,525,000
Expenses. Other expenses not covered elsewhere2017-10-09$305
Other income received2017-10-09$23,411
Net income (gross income less expenses)2017-10-09$-353,097
Net plan assets at end of year (total assets less liabilities)2017-10-09$0
Net plan assets at beginning of year (total assets less liabilities)2017-10-09$353,097
Total contributions received or receivable from employer(s)2017-10-09$266,461
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-10-09$0
2016 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2016 401k financial data
Total income from all sources2016-11-05$25,486
Expenses. Total of all expenses incurred2016-11-05$112,316
Benefits paid (including direct rollovers)2016-11-05$109,908
Total plan assets at end of year2016-11-05$353,097
Total plan assets at beginning of year2016-11-05$439,927
Value of fidelity bond covering the plan2016-11-05$1,525,000
Expenses. Other expenses not covered elsewhere2016-11-05$2,408
Other income received2016-11-05$-765
Net income (gross income less expenses)2016-11-05$-86,830
Net plan assets at end of year (total assets less liabilities)2016-11-05$353,097
Net plan assets at beginning of year (total assets less liabilities)2016-11-05$439,927
Total contributions received or receivable from employer(s)2016-11-05$26,251
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-11-05$0
2015 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2015 401k financial data
Total income from all sources2015-11-05$53,675
Expenses. Total of all expenses incurred2015-11-05$21,426
Benefits paid (including direct rollovers)2015-11-05$17,287
Total plan assets at end of year2015-11-05$439,927
Total plan assets at beginning of year2015-11-05$407,678
Value of fidelity bond covering the plan2015-11-05$1,525,000
Expenses. Other expenses not covered elsewhere2015-11-05$4,139
Other income received2015-11-05$-460
Net income (gross income less expenses)2015-11-05$32,249
Net plan assets at end of year (total assets less liabilities)2015-11-05$439,927
Net plan assets at beginning of year (total assets less liabilities)2015-11-05$407,678
Total contributions received or receivable from employer(s)2015-11-05$54,135
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-11-05$0
2014 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2014 401k financial data
Total income from all sources2014-11-05$81,370
Expenses. Total of all expenses incurred2014-11-05$21,185
Benefits paid (including direct rollovers)2014-11-05$17,287
Total plan assets at end of year2014-11-05$407,678
Total plan assets at beginning of year2014-11-05$347,493
Value of fidelity bond covering the plan2014-11-05$1,525,000
Expenses. Other expenses not covered elsewhere2014-11-05$3,898
Other income received2014-11-05$24,370
Net income (gross income less expenses)2014-11-05$60,185
Net plan assets at end of year (total assets less liabilities)2014-11-05$407,678
Net plan assets at beginning of year (total assets less liabilities)2014-11-05$347,493
Total contributions received or receivable from employer(s)2014-11-05$57,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-11-05$0
2013 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2013 401k financial data
Total income from all sources2013-11-05$83,119
Expenses. Total of all expenses incurred2013-11-05$100,177
Benefits paid (including direct rollovers)2013-11-05$96,856
Total plan assets at end of year2013-11-05$347,493
Total plan assets at beginning of year2013-11-05$364,551
Value of fidelity bond covering the plan2013-11-05$1,525,000
Expenses. Other expenses not covered elsewhere2013-11-05$3,321
Other income received2013-11-05$47,160
Net income (gross income less expenses)2013-11-05$-17,058
Net plan assets at end of year (total assets less liabilities)2013-11-05$347,493
Net plan assets at beginning of year (total assets less liabilities)2013-11-05$364,551
Total contributions received or receivable from employer(s)2013-11-05$35,959
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-11-05$0
2012 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2012 401k financial data
Total income from all sources2012-11-05$59,485
Expenses. Total of all expenses incurred2012-11-05$20,642
Benefits paid (including direct rollovers)2012-11-05$17,287
Total plan assets at end of year2012-11-05$364,551
Total plan assets at beginning of year2012-11-05$325,708
Value of fidelity bond covering the plan2012-11-05$1,525,000
Expenses. Other expenses not covered elsewhere2012-11-05$3,355
Other income received2012-11-05$23,104
Net income (gross income less expenses)2012-11-05$38,843
Net plan assets at end of year (total assets less liabilities)2012-11-05$364,551
Net plan assets at beginning of year (total assets less liabilities)2012-11-05$325,708
Total contributions received or receivable from employer(s)2012-11-05$36,381
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-11-05$0
2011 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2011 401k financial data
Total income from all sources2011-11-05$61,567
Expenses. Total of all expenses incurred2011-11-05$20,255
Benefits paid (including direct rollovers)2011-11-05$17,287
Total plan assets at end of year2011-11-05$325,708
Total plan assets at beginning of year2011-11-05$284,396
Value of fidelity bond covering the plan2011-11-05$1,525,000
Expenses. Other expenses not covered elsewhere2011-11-05$2,968
Other income received2011-11-05$10,492
Net income (gross income less expenses)2011-11-05$41,312
Net plan assets at end of year (total assets less liabilities)2011-11-05$325,708
Net plan assets at beginning of year (total assets less liabilities)2011-11-05$284,396
Total contributions received or receivable from employer(s)2011-11-05$51,075
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-11-05$0
2010 : THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-11-05$0

Form 5500 Responses for THE COMMERCIAL BANK OF NELSON NE PENSION PLAN

2016: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2016 form 5500 responses
2016-11-06Type of plan entitySingle employer plan
2016-11-06Submission has been amendedNo
2016-11-06This submission is the final filingYes
2016-11-06This return/report is a short plan year return/report (less than 12 months)Yes
2016-11-06Plan is a collectively bargained planNo
2016-11-06Plan funding arrangement – InsuranceYes
2016-11-06Plan funding arrangement – TrustYes
2016-11-06Plan benefit arrangement – InsuranceYes
2016-11-06Plan benefit arrangement - TrustYes
2015: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2015 form 5500 responses
2015-11-06Type of plan entitySingle employer plan
2015-11-06Submission has been amendedNo
2015-11-06This submission is the final filingNo
2015-11-06This return/report is a short plan year return/report (less than 12 months)No
2015-11-06Plan is a collectively bargained planNo
2015-11-06Plan funding arrangement – TrustYes
2015-11-06Plan benefit arrangement - TrustYes
2014: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2014 form 5500 responses
2014-11-06Type of plan entitySingle employer plan
2014-11-06Submission has been amendedNo
2014-11-06This submission is the final filingNo
2014-11-06This return/report is a short plan year return/report (less than 12 months)No
2014-11-06Plan is a collectively bargained planNo
2014-11-06Plan funding arrangement – TrustYes
2014-11-06Plan benefit arrangement - TrustYes
2013: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2013 form 5500 responses
2013-11-06Type of plan entitySingle employer plan
2013-11-06Submission has been amendedNo
2013-11-06This submission is the final filingNo
2013-11-06This return/report is a short plan year return/report (less than 12 months)No
2013-11-06Plan is a collectively bargained planNo
2013-11-06Plan funding arrangement – TrustYes
2013-11-06Plan benefit arrangement - TrustYes
2012: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2012 form 5500 responses
2012-11-06Type of plan entitySingle employer plan
2012-11-06Submission has been amendedNo
2012-11-06This submission is the final filingNo
2012-11-06This return/report is a short plan year return/report (less than 12 months)No
2012-11-06Plan is a collectively bargained planNo
2012-11-06Plan funding arrangement – TrustYes
2012-11-06Plan benefit arrangement - TrustYes
2011: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2011 form 5500 responses
2011-11-06Type of plan entitySingle employer plan
2011-11-06Submission has been amendedNo
2011-11-06This submission is the final filingNo
2011-11-06This return/report is a short plan year return/report (less than 12 months)No
2011-11-06Plan is a collectively bargained planNo
2011-11-06Plan funding arrangement – TrustYes
2011-11-06Plan benefit arrangement - TrustYes
2009: THE COMMERCIAL BANK OF NELSON NE PENSION PLAN 2009 form 5500 responses
2009-11-06Type of plan entitySingle employer plan
2009-11-06Submission has been amendedNo
2009-11-06This submission is the final filingNo
2009-11-06This return/report is a short plan year return/report (less than 12 months)No
2009-11-06Plan is a collectively bargained planNo
2009-11-06Plan funding arrangement – TrustYes
2009-11-06Plan benefit arrangement - TrustYes

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