401k Plan data: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL plan

GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 401k Plan overview

Plan Name	GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL
Plan identification number	001

GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 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).
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).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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

IBERVILLE BANK 401(K) PLAN has sponsored the creation of one or more 401k plans.

Company Name: IBERVILLE BANK 401(K) PLAN

Employer identification number (EIN): 720218570

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 CALVIN W. WILBERT, JR. 2017-10-10
001 2016-01-01 CALVIN W. WILBERT, JR. 2017-07-27
001 2015-01-01 CALVIN W. WILBERT, JR. 2016-10-11
001 2014-01-01 CALVIN W. WILBERT, JR. 2015-10-07
001 2013-01-01 CALVIN W. WILBERT, JR. CALVIN W. WILBERT, JR. 2014-07-22
001 2012-01-01 CALVIN W. WILBERT, JR. 2013-07-05
001 2011-01-01 CALVIN W. WILBERT, JR. 2012-07-12
001 2010-01-01 CALVIN W. WILBERT, JR. 2011-08-15
001 2009-01-01 CALVIN W. WILBERT, JR.

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	CALVIN W. WILBERT, JR.	2017-10-10
001	2016-01-01	CALVIN W. WILBERT, JR.	2017-07-27
001	2015-01-01	CALVIN W. WILBERT, JR.	2016-10-11
001	2014-01-01	CALVIN W. WILBERT, JR.	2015-10-07
001	2013-01-01	CALVIN W. WILBERT, JR.		CALVIN W. WILBERT, JR.	2014-07-22
001	2012-01-01	CALVIN W. WILBERT, JR.	2013-07-05
001	2011-01-01	CALVIN W. WILBERT, JR.	2012-07-12
001	2010-01-01	CALVIN W. WILBERT, JR.	2011-08-15
001	2009-01-01	CALVIN W. WILBERT, JR.

Plan Statistics for GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL

401k plan membership statisitcs for GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL

Measure Date Value
2016: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2016 401k membership
Market value of plan assets 2016-12-31 1,393,148
Acturial value of plan assets 2016-12-31 1,393,148
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 10,193
Active participant vested funding target 2016-12-31 1,170,469
Number of active participants 2016-12-31 16
Total funding liabilities for active participants 2016-12-31 1,170,469
Total participant count 2016-12-31 19
Total funding target for all participants 2016-12-31 1,180,662
Balance at beginning of prior year after applicable adjustments 2016-12-31 278,608
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
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 2016-12-31 278,608
Amount remaining of prefunding balance 2016-12-31 0
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 2016-12-31 275,599
Balance of prefunding at beginning of current year 2016-12-31 0
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 0
Net shortfall amortization installment of oustanding balance 2016-12-31 63,113
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 10,428
Carryover balance elected to use to offset funding requirement 2016-12-31 10,428
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
2013: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2013 401k membership
Total participants, beginning-of-year 2013-01-01 91
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 91
Number of retired or separated participants receiving benefits 2013-01-01 1
Number of other retired or separated participants entitled to future benefits 2013-01-01 5
Total of all active and inactive participants 2013-01-01 97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 97
Number of participants with account balances 2013-01-01 79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2009: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2009 401k membership
Total participants, beginning-of-year 2009-01-01 25
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 22
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 3
Total of all active and inactive participants 2009-01-01 25
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2016: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2016 401k membership
Market value of plan assets	2016-12-31	1,393,148
Acturial value of plan assets	2016-12-31	1,393,148
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	10,193
Active participant vested funding target	2016-12-31	1,170,469
Number of active participants	2016-12-31	16
Total funding liabilities for active participants	2016-12-31	1,170,469
Total participant count	2016-12-31	19
Total funding target for all participants	2016-12-31	1,180,662
Balance at beginning of prior year after applicable adjustments	2016-12-31	278,608
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
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	278,608
Amount remaining of prefunding balance	2016-12-31	0
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	275,599
Balance of prefunding at beginning of current year	2016-12-31	0
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	0
Net shortfall amortization installment of oustanding balance	2016-12-31	63,113
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	10,428
Carryover balance elected to use to offset funding requirement	2016-12-31	10,428
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
2013: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2013 401k membership
Total participants, beginning-of-year	2013-01-01	91
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	91
Number of retired or separated participants receiving benefits	2013-01-01	1
Number of other retired or separated participants entitled to future benefits	2013-01-01	5
Total of all active and inactive participants	2013-01-01	97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	97
Number of participants with account balances	2013-01-01	79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2009: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2009 401k membership
Total participants, beginning-of-year	2009-01-01	25
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	22
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	3
Total of all active and inactive participants	2009-01-01	25
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL

Measure	Date	Value
2013 : GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2013 401k financial data
Total income from all sources	2013-12-31	$1,204,834
Expenses. Total of all expenses incurred	2013-12-31	$35,327
Benefits paid (including direct rollovers)	2013-12-31	$35,277
Total plan assets at end of year	2013-12-31	$7,215,651
Total plan assets at beginning of year	2013-12-31	$6,046,144
Value of fidelity bond covering the plan	2013-12-31	$3,000,000
Total contributions received or receivable from participants	2013-12-31	$217,279
Other income received	2013-12-31	$864,450
Net income (gross income less expenses)	2013-12-31	$1,169,507
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$7,215,651
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$6,046,144
Total contributions received or receivable from employer(s)	2013-12-31	$123,105
Expenses. Administrative service providers (salaries,fees and commissions)	2013-12-31	$50
Funding deficiency by the employer to the plan for this plan year	2013-12-31	$0
Minimum employer required contribution for this plan year	2013-12-31	$0
Amount contributed by the employer to the plan for this plan year	2013-12-31	$0
2009 : GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL

2013: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2009: GROUP PENSION PLAN FOR EMPLOYEES OF IBERVILLE BANK -FINAL 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )

Policy contract number

GA-823967

Policy instance

Insurance contract or identification number	GA-823967
Number of Individuals Covered	79
Insurance policy start date	2013-01-01
Insurance policy end date	2013-12-31
Total amount of commissions paid to insurance broker	USD $15,956
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $15,956
Insurance broker organization code?	3
Insurance broker name	SBHU LIFE AGCY INC

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Company Name:	IBERVILLE BANK 401(K) PLAN
Employer identification number (EIN):	720218570
NAIC Classification:	522110
NAIC Description:	Commercial Banking