401k Plan data: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN plan

THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 401k Plan overview

Plan Name	THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN
Plan identification number	001

THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 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).

401k Sponsoring company profile

VERMONT BANKERS ASSOCIATION, INC. has sponsored the creation of one or more 401k plans.

Company Name: VERMONT BANKERS ASSOCIATION, INC.

Employer identification number (EIN): 030164275

NAIC Classification: 813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about VERMONT BANKERS ASSOCIATION, INC.

Jurisdiction of Incorporation: Vermont Secretary of State Corporations Division

Incorporation Date: 1959-06-02

Company Identification Number: 45253

Legal Registered Office Address: 89 MAIN STREET,BOX 587

MONTPELIER
United States of America (USA)
05601

More information about VERMONT BANKERS ASSOCIATION, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01 CHRIS DELIA 2015-07-15
001 2013-01-01 CHRIS DELIA 2014-06-02
001 2012-01-01 CHRIS DELIA 2013-06-03
001 2011-01-01 CHRIS DELIA 2012-09-25
001 2010-01-01 ERIN HELMKEN 2011-05-23

Plan Statistics for THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN

401k plan membership statisitcs for THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN

Measure Date Value
2022: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2022 401k membership
Market value of plan assets 2022-12-31 273,469
Acturial value of plan assets 2022-12-31 273,469
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 292,827
Number of terminated vested participants 2022-12-31 0
Fundng target for terminated vested participants 2022-12-31 0
Active participant vested funding target 2022-12-31 0
Number of active participants 2022-12-31 0
Total funding liabilities for active participants 2022-12-31 0
Total participant count 2022-12-31 1
Total funding target for all participants 2022-12-31 292,827
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 864
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 0
Amount remaining of prefunding balance 2022-12-31 864
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
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 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 928
Total employer contributions 2022-12-31 75,426
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 72,163
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 0
Net shortfall amortization installment of oustanding balance 2022-12-31 20,286
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 236
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 2022-12-31 236
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 72,163
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2021 401k membership
Market value of plan assets 2021-12-31 508,373
Acturial value of plan assets 2021-12-31 508,373
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 312,408
Number of terminated vested participants 2021-12-31 2
Fundng target for terminated vested participants 2021-12-31 163,071
Active participant vested funding target 2021-12-31 0
Number of active participants 2021-12-31 0
Total funding liabilities for active participants 2021-12-31 0
Total participant count 2021-12-31 5
Total funding target for all participants 2021-12-31 475,479
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 750
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 0
Amount remaining of prefunding balance 2021-12-31 750
Present value of excess contributions 2021-12-31 2,489
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 2,628
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 0
Balance of prefunding at beginning of current year 2021-12-31 864
Total employer contributions 2021-12-31 0
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 0
Liquidity shortfalls end of Q1 2021-12-31 0
Liquidity shortfalls end of Q2 2021-12-31 0
Liquidity shortfalls end of Q3 2021-12-31 0
Liquidity shortfalls end of Q4 2021-12-31 0
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 0
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 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2020 401k membership
Market value of plan assets 2020-12-31 457,488
Acturial value of plan assets 2020-12-31 457,488
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 319,629
Number of terminated vested participants 2020-12-31 2
Fundng target for terminated vested participants 2020-12-31 152,203
Active participant vested funding target 2020-12-31 0
Number of active participants 2020-12-31 0
Total funding liabilities for active participants 2020-12-31 0
Total participant count 2020-12-31 5
Total funding target for all participants 2020-12-31 471,832
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 624
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 0
Amount remaining of prefunding balance 2020-12-31 624
Present value of excess contributions 2020-12-31 56
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 59
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 0
Balance of prefunding at beginning of current year 2020-12-31 750
Total employer contributions 2020-12-31 13,371
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 12,986
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 2020-12-31 0
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 0
Net shortfall amortization installment of oustanding balance 2020-12-31 15,094
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 10,497
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 10,497
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 12,986
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2019 401k membership
Market value of plan assets 2019-12-31 389,165
Acturial value of plan assets 2019-12-31 389,165
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 334,857
Number of terminated vested participants 2019-12-31 2
Fundng target for terminated vested participants 2019-12-31 147,050
Active participant vested funding target 2019-12-31 0
Number of active participants 2019-12-31 0
Total funding liabilities for active participants 2019-12-31 0
Total participant count 2019-12-31 5
Total funding target for all participants 2019-12-31 481,907
Balance at beginning of prior year after applicable adjustments 2019-12-31 112
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 17,943
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 2019-12-31 112
Amount remaining of prefunding balance 2019-12-31 17,943
Present value of excess contributions 2019-12-31 19
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 20
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 2019-12-31 105
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 16,214
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 624
Total employer contributions 2019-12-31 21,092
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 20,469
Liquidity shortfalls end of Q1 2019-12-31 0
Liquidity shortfalls end of Q2 2019-12-31 0
Liquidity shortfalls end of Q3 2019-12-31 0
Liquidity shortfalls end of Q4 2019-12-31 0
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 0
Net shortfall amortization installment of oustanding balance 2019-12-31 93,366
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 20,413
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 20,413
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 20,469
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2018 401k membership
Market value of plan assets 2018-12-31 431,348
Acturial value of plan assets 2018-12-31 431,348
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 340,742
Number of terminated vested participants 2018-12-31 1
Fundng target for terminated vested participants 2018-12-31 20,697
Active participant vested funding target 2018-12-31 115,549
Number of active participants 2018-12-31 1
Total funding liabilities for active participants 2018-12-31 115,549
Total participant count 2018-12-31 5
Total funding target for all participants 2018-12-31 476,988
Balance at beginning of prior year after applicable adjustments 2018-12-31 102
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 16,273
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 2018-12-31 102
Amount remaining of prefunding balance 2018-12-31 16,273
Present value of excess contributions 2018-12-31 36
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 38
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 2018-12-31 112
Balance of prefunding at beginning of current year 2018-12-31 17,943
Total employer contributions 2018-12-31 14,221
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 13,756
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
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 0
Net shortfall amortization installment of oustanding balance 2018-12-31 63,695
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 13,737
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 13,737
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 13,756
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2017 401k membership
Market value of plan assets 2017-12-31 408,860
Acturial value of plan assets 2017-12-31 408,860
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 346,984
Number of terminated vested participants 2017-12-31 1
Fundng target for terminated vested participants 2017-12-31 18,244
Active participant vested funding target 2017-12-31 102,824
Number of active participants 2017-12-31 1
Total funding liabilities for active participants 2017-12-31 102,824
Total participant count 2017-12-31 6
Total funding target for all participants 2017-12-31 468,052
Balance at beginning of prior year after applicable adjustments 2017-12-31 98
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 15,668
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 98
Amount remaining of prefunding balance 2017-12-31 15,668
Present value of excess contributions 2017-12-31 23
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 24
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 2017-12-31 102
Balance of prefunding at beginning of current year 2017-12-31 16,273
Total employer contributions 2017-12-31 14,475
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 14,011
Liquidity shortfalls end of Q1 2017-12-31 0
Liquidity shortfalls end of Q2 2017-12-31 0
Liquidity shortfalls end of Q3 2017-12-31 0
Liquidity shortfalls end of Q4 2017-12-31 0
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 0
Net shortfall amortization installment of oustanding balance 2017-12-31 75,567
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 13,975
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 13,975
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 14,011
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2016 401k membership
Market value of plan assets 2016-12-31 418,155
Acturial value of plan assets 2016-12-31 418,155
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 350,283
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 17,462
Active participant vested funding target 2016-12-31 93,874
Number of active participants 2016-12-31 1
Total funding liabilities for active participants 2016-12-31 93,874
Total participant count 2016-12-31 7
Total funding target for all participants 2016-12-31 461,619
Balance at beginning of prior year after applicable adjustments 2016-12-31 99
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 15,782
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 99
Amount remaining of prefunding balance 2016-12-31 15,782
Present value of excess contributions 2016-12-31 8
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 8
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 98
Balance of prefunding at beginning of current year 2016-12-31 15,668
Total employer contributions 2016-12-31 10,496
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 10,161
Liquidity shortfalls end of Q1 2016-12-31 0
Liquidity shortfalls end of Q2 2016-12-31 0
Liquidity shortfalls end of Q3 2016-12-31 0
Liquidity shortfalls end of Q4 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 59,230
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 10,138
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 10,138
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 10,161
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2022 401k membership
Market value of plan assets	2022-12-31	273,469
Acturial value of plan assets	2022-12-31	273,469
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	292,827
Number of terminated vested participants	2022-12-31	0
Fundng target for terminated vested participants	2022-12-31	0
Active participant vested funding target	2022-12-31	0
Number of active participants	2022-12-31	0
Total funding liabilities for active participants	2022-12-31	0
Total participant count	2022-12-31	1
Total funding target for all participants	2022-12-31	292,827
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	864
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	0
Amount remaining of prefunding balance	2022-12-31	864
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
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	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	928
Total employer contributions	2022-12-31	75,426
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	72,163
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	0
Net shortfall amortization installment of oustanding balance	2022-12-31	20,286
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	236
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	236
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	72,163
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2021 401k membership
Market value of plan assets	2021-12-31	508,373
Acturial value of plan assets	2021-12-31	508,373
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	312,408
Number of terminated vested participants	2021-12-31	2
Fundng target for terminated vested participants	2021-12-31	163,071
Active participant vested funding target	2021-12-31	0
Number of active participants	2021-12-31	0
Total funding liabilities for active participants	2021-12-31	0
Total participant count	2021-12-31	5
Total funding target for all participants	2021-12-31	475,479
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	750
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	0
Amount remaining of prefunding balance	2021-12-31	750
Present value of excess contributions	2021-12-31	2,489
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	2,628
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	0
Balance of prefunding at beginning of current year	2021-12-31	864
Total employer contributions	2021-12-31	0
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	0
Liquidity shortfalls end of Q1	2021-12-31	0
Liquidity shortfalls end of Q2	2021-12-31	0
Liquidity shortfalls end of Q3	2021-12-31	0
Liquidity shortfalls end of Q4	2021-12-31	0
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	0
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	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2020 401k membership
Market value of plan assets	2020-12-31	457,488
Acturial value of plan assets	2020-12-31	457,488
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	319,629
Number of terminated vested participants	2020-12-31	2
Fundng target for terminated vested participants	2020-12-31	152,203
Active participant vested funding target	2020-12-31	0
Number of active participants	2020-12-31	0
Total funding liabilities for active participants	2020-12-31	0
Total participant count	2020-12-31	5
Total funding target for all participants	2020-12-31	471,832
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	624
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	0
Amount remaining of prefunding balance	2020-12-31	624
Present value of excess contributions	2020-12-31	56
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	59
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	0
Balance of prefunding at beginning of current year	2020-12-31	750
Total employer contributions	2020-12-31	13,371
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	12,986
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
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	0
Net shortfall amortization installment of oustanding balance	2020-12-31	15,094
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	10,497
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	10,497
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	12,986
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2019 401k membership
Market value of plan assets	2019-12-31	389,165
Acturial value of plan assets	2019-12-31	389,165
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	334,857
Number of terminated vested participants	2019-12-31	2
Fundng target for terminated vested participants	2019-12-31	147,050
Active participant vested funding target	2019-12-31	0
Number of active participants	2019-12-31	0
Total funding liabilities for active participants	2019-12-31	0
Total participant count	2019-12-31	5
Total funding target for all participants	2019-12-31	481,907
Balance at beginning of prior year after applicable adjustments	2019-12-31	112
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	17,943
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	112
Amount remaining of prefunding balance	2019-12-31	17,943
Present value of excess contributions	2019-12-31	19
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	20
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	105
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	16,214
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	624
Total employer contributions	2019-12-31	21,092
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	20,469
Liquidity shortfalls end of Q1	2019-12-31	0
Liquidity shortfalls end of Q2	2019-12-31	0
Liquidity shortfalls end of Q3	2019-12-31	0
Liquidity shortfalls end of Q4	2019-12-31	0
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	0
Net shortfall amortization installment of oustanding balance	2019-12-31	93,366
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	20,413
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	20,413
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	20,469
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2018 401k membership
Market value of plan assets	2018-12-31	431,348
Acturial value of plan assets	2018-12-31	431,348
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	340,742
Number of terminated vested participants	2018-12-31	1
Fundng target for terminated vested participants	2018-12-31	20,697
Active participant vested funding target	2018-12-31	115,549
Number of active participants	2018-12-31	1
Total funding liabilities for active participants	2018-12-31	115,549
Total participant count	2018-12-31	5
Total funding target for all participants	2018-12-31	476,988
Balance at beginning of prior year after applicable adjustments	2018-12-31	102
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	16,273
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	102
Amount remaining of prefunding balance	2018-12-31	16,273
Present value of excess contributions	2018-12-31	36
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	38
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	112
Balance of prefunding at beginning of current year	2018-12-31	17,943
Total employer contributions	2018-12-31	14,221
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	13,756
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
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	0
Net shortfall amortization installment of oustanding balance	2018-12-31	63,695
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	13,737
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	13,737
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	13,756
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2017 401k membership
Market value of plan assets	2017-12-31	408,860
Acturial value of plan assets	2017-12-31	408,860
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	346,984
Number of terminated vested participants	2017-12-31	1
Fundng target for terminated vested participants	2017-12-31	18,244
Active participant vested funding target	2017-12-31	102,824
Number of active participants	2017-12-31	1
Total funding liabilities for active participants	2017-12-31	102,824
Total participant count	2017-12-31	6
Total funding target for all participants	2017-12-31	468,052
Balance at beginning of prior year after applicable adjustments	2017-12-31	98
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	15,668
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	98
Amount remaining of prefunding balance	2017-12-31	15,668
Present value of excess contributions	2017-12-31	23
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	24
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	102
Balance of prefunding at beginning of current year	2017-12-31	16,273
Total employer contributions	2017-12-31	14,475
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	14,011
Liquidity shortfalls end of Q1	2017-12-31	0
Liquidity shortfalls end of Q2	2017-12-31	0
Liquidity shortfalls end of Q3	2017-12-31	0
Liquidity shortfalls end of Q4	2017-12-31	0
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	0
Net shortfall amortization installment of oustanding balance	2017-12-31	75,567
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	13,975
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	13,975
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	14,011
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: THE VERMONT BANKERS ASSOCIATION, INC. RETIREMENT INCOME PLAN 2016 401k membership
Market value of plan assets	2016-12-31	418,155
Acturial value of plan assets	2016-12-31	418,155
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	350,283
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	17,462
Active participant vested funding target	2016-12-31	93,874
Number of active participants	2016-12-31	1
Total funding liabilities for active participants	2016-12-31	93,874
Total participant count	2016-12-31	7
Total funding target for all participants	2016-12-31	461,619
Balance at beginning of prior year after applicable adjustments	2016-12-31	99
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	15,782
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	99
Amount remaining of prefunding balance	2016-12-31	15,782
Present value of excess contributions	2016-12-31	8
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	8
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	98
Balance of prefunding at beginning of current year	2016-12-31	15,668
Total employer contributions	2016-12-31	10,496
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	10,161
Liquidity shortfalls end of Q1	2016-12-31	0
Liquidity shortfalls end of Q2	2016-12-31	0
Liquidity shortfalls end of Q3	2016-12-31	0
Liquidity shortfalls end of Q4	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	59,230
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	10,138
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	10,138
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	10,161
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	VERMONT BANKERS ASSOCIATION, INC.
Employer identification number (EIN):	030164275
NAIC Classification:	813000
NAIC Description:	Religious, Grantmaking, Civic, Professional, and Similar Organizations

Jurisdiction of Incorporation:	Vermont Secretary of State Corporations Division
Incorporation Date:	1959-06-02
Company Identification Number:	45253
Legal Registered Office Address:	89 MAIN STREET,BOX 587 MONTPELIER United States of America (USA) 05601

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01
001	2021-01-01
001	2020-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01
001	2015-01-01
001	2014-01-01	CHRIS DELIA	2015-07-15
001	2013-01-01	CHRIS DELIA	2014-06-02
001	2012-01-01	CHRIS DELIA	2013-06-03
001	2011-01-01	CHRIS DELIA	2012-09-25
001	2010-01-01	ERIN HELMKEN	2011-05-23