401k Plan data: BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN plan

BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 401k Plan overview

Plan Name	BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN
Plan identification number	022

BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION 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).
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

BAY RIDGE FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: BAY RIDGE FEDERAL CREDIT UNION

Employer identification number (EIN): 111614922

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
022 2018-01-01 MICHAEL GARTHAFFNER 2019-10-09
022 2017-01-01 MICHAEL GARTHAFFNER 2018-08-28
022 2016-01-01 MICHAEL GARTHAFFNER 2017-10-12
022 2015-01-01 MICHAEL GARTHAFFNER 2016-10-04
022 2014-01-01 MICHAEL GARTHAFFNER 2015-09-14
022 2013-01-01 MICHAEL GARTHAFFNER 2014-09-09
022 2012-01-01 MICHAEL GARTHAFFNER 2013-10-02
022 2011-01-01 MARIA RANDO 2012-10-15
022 2010-01-01 MARIA RANDO 2011-10-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
022	2018-01-01	MICHAEL GARTHAFFNER	2019-10-09
022	2017-01-01	MICHAEL GARTHAFFNER	2018-08-28
022	2016-01-01	MICHAEL GARTHAFFNER	2017-10-12
022	2015-01-01	MICHAEL GARTHAFFNER	2016-10-04
022	2014-01-01	MICHAEL GARTHAFFNER	2015-09-14
022	2013-01-01	MICHAEL GARTHAFFNER	2014-09-09
022	2012-01-01	MICHAEL GARTHAFFNER	2013-10-02
022	2011-01-01	MARIA RANDO	2012-10-15
022	2010-01-01	MARIA RANDO	2011-10-12

Plan Statistics for BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

401k plan membership statisitcs for BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

Measure Date Value
2018: BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 1,791,144
Acturial value of plan assets 2018-12-31 1,791,144
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 69,735
Number of terminated vested participants 2018-12-31 29
Fundng target for terminated vested participants 2018-12-31 211,716
Active participant vested funding target 2018-12-31 1,001,880
Number of active participants 2018-12-31 18
Total funding liabilities for active participants 2018-12-31 1,011,920
Total participant count 2018-12-31 48
Total funding target for all participants 2018-12-31 1,293,371
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
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 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 720,239
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 762,949
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 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 0
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 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 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 1,018,295
Acturial value of plan assets 2017-12-31 1,018,295
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 70,116
Number of terminated vested participants 2017-12-31 24
Fundng target for terminated vested participants 2017-12-31 61,771
Active participant vested funding target 2017-12-31 1,065,562
Number of active participants 2017-12-31 24
Total funding liabilities for active participants 2017-12-31 1,088,232
Total participant count 2017-12-31 49
Total funding target for all participants 2017-12-31 1,220,119
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
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 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 20
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 21
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 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 42,840
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 41,311
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 2017-12-31 201,824
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 35,125
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 35,125
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 41,311
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 931,144
Acturial value of plan assets 2016-12-31 931,144
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 70,440
Number of terminated vested participants 2016-12-31 24
Fundng target for terminated vested participants 2016-12-31 71,502
Active participant vested funding target 2016-12-31 933,802
Number of active participants 2016-12-31 24
Total funding liabilities for active participants 2016-12-31 964,783
Total participant count 2016-12-31 49
Total funding target for all participants 2016-12-31 1,106,725
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
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 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 48
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 51
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 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 29,943
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 27,857
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 2016-12-31 175,581
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 27,837
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 27,837
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 27,857
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
2018: BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,791,144
Acturial value of plan assets	2018-12-31	1,791,144
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	69,735
Number of terminated vested participants	2018-12-31	29
Fundng target for terminated vested participants	2018-12-31	211,716
Active participant vested funding target	2018-12-31	1,001,880
Number of active participants	2018-12-31	18
Total funding liabilities for active participants	2018-12-31	1,011,920
Total participant count	2018-12-31	48
Total funding target for all participants	2018-12-31	1,293,371
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
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	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	720,239
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	762,949
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	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	0
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	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	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	1,018,295
Acturial value of plan assets	2017-12-31	1,018,295
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	70,116
Number of terminated vested participants	2017-12-31	24
Fundng target for terminated vested participants	2017-12-31	61,771
Active participant vested funding target	2017-12-31	1,065,562
Number of active participants	2017-12-31	24
Total funding liabilities for active participants	2017-12-31	1,088,232
Total participant count	2017-12-31	49
Total funding target for all participants	2017-12-31	1,220,119
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
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	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	20
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	21
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	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	42,840
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	41,311
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	201,824
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	35,125
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	35,125
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	41,311
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: BAY RIDGE FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	931,144
Acturial value of plan assets	2016-12-31	931,144
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	70,440
Number of terminated vested participants	2016-12-31	24
Fundng target for terminated vested participants	2016-12-31	71,502
Active participant vested funding target	2016-12-31	933,802
Number of active participants	2016-12-31	24
Total funding liabilities for active participants	2016-12-31	964,783
Total participant count	2016-12-31	49
Total funding target for all participants	2016-12-31	1,106,725
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
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	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	48
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	51
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	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	29,943
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	27,857
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	175,581
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	27,837
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	27,837
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	27,857
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:	BAY RIDGE FEDERAL CREDIT UNION
Employer identification number (EIN):	111614922
NAIC Classification:	522130
NAIC Description:	Credit Unions