GENERATIONS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION
401k plan membership statisitcs for THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION
| Measure | Date | Value |
|---|
| 2024: THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION 2024 401k membership |
|---|
| Total number of particpants at beginning of year | 2024-11-07 | 16 |
| Total number of particpants at end of year | 2024-11-07 | 15 |
| 2023: THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION 2023 401k membership |
|---|
| Market value of plan assets | 2023-09-30 | 4,742,936 |
| Acturial value of plan assets | 2023-09-30 | 5,217,229 |
| Funding target for retired participants and beneficiaries receiving payment | 2023-09-30 | 2,250,910 |
| Number of terminated vested participants | 2023-09-30 | 4 |
| Fundng target for terminated vested participants | 2023-09-30 | 194,634 |
| Active participant vested funding target | 2023-09-30 | 90,667 |
| Number of active participants | 2023-09-30 | 4 |
| Total funding liabilities for active participants | 2023-09-30 | 109,150 |
| Total participant count | 2023-09-30 | 17 |
| Total funding target for all participants | 2023-09-30 | 2,554,694 |
| Balance at beginning of prior year after applicable adjustments | 2023-09-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2023-09-30 | 2,604,688 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2023-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2023-09-30 | 0 |
| Amount remaining of carryover balance | 2023-09-30 | 0 |
| Amount remaining of prefunding balance | 2023-09-30 | 2,604,688 |
| Present value of excess contributions | 2023-09-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2023-09-30 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2023-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2023-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2023-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2023-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2023-09-30 | 2,123,602 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2023-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2023-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2023-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2023-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2023-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2023-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2023-09-30 | 17,635 |
| Net shortfall amortization installment of oustanding balance | 2023-09-30 | 0 |
| Waiver amortization installment | 2023-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2023-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2023-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2023-09-30 | 0 |
| Additional cash requirement | 2023-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2023-09-30 | 0 |
| Unpaid minimum required contributions for current year | 2023-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2023-09-30 | 0 |
| 2022: THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION 2022 401k membership |
|---|
| Market value of plan assets | 2022-09-30 | 6,068,362 |
| Acturial value of plan assets | 2022-09-30 | 5,475,015 |
| Funding target for retired participants and beneficiaries receiving payment | 2022-09-30 | 2,267,718 |
| Number of terminated vested participants | 2022-09-30 | 3 |
| Fundng target for terminated vested participants | 2022-09-30 | 144,793 |
| Active participant vested funding target | 2022-09-30 | 120,764 |
| Number of active participants | 2022-09-30 | 6 |
| Total funding liabilities for active participants | 2022-09-30 | 137,141 |
| Total participant count | 2022-09-30 | 19 |
| Total funding target for all participants | 2022-09-30 | 2,549,652 |
| Balance at beginning of prior year after applicable adjustments | 2022-09-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2022-09-30 | 2,116,323 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2022-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2022-09-30 | 0 |
| Amount remaining of carryover balance | 2022-09-30 | 0 |
| Amount remaining of prefunding balance | 2022-09-30 | 2,116,323 |
| Present value of excess contributions | 2022-09-30 | 16,997 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-09-30 | 17,906 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-09-30 | 17,906 |
| Reductions in caryover balances due to elections or deemed elections | 2022-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2022-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2022-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2022-09-30 | 2,604,688 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2022-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2022-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2022-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2022-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2022-09-30 | 22,421 |
| Net shortfall amortization installment of oustanding balance | 2022-09-30 | 0 |
| Waiver amortization installment | 2022-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2022-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2022-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2022-09-30 | 0 |
| Additional cash requirement | 2022-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2022-09-30 | 0 |
| Unpaid minimum required contributions for current year | 2022-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2022-09-30 | 0 |
| 2021: THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION 2021 401k membership |
|---|
| Market value of plan assets | 2021-09-30 | 5,314,406 |
| Acturial value of plan assets | 2021-09-30 | 5,279,948 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-09-30 | 2,658,170 |
| Number of terminated vested participants | 2021-09-30 | 4 |
| Fundng target for terminated vested participants | 2021-09-30 | 148,812 |
| Active participant vested funding target | 2021-09-30 | 105,035 |
| Number of active participants | 2021-09-30 | 6 |
| Total funding liabilities for active participants | 2021-09-30 | 119,470 |
| Total participant count | 2021-09-30 | 24 |
| Total funding target for all participants | 2021-09-30 | 2,926,452 |
| Balance at beginning of prior year after applicable adjustments | 2021-09-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-09-30 | 1,949,450 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-09-30 | 0 |
| Amount remaining of carryover balance | 2021-09-30 | 0 |
| Amount remaining of prefunding balance | 2021-09-30 | 1,949,450 |
| Present value of excess contributions | 2021-09-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-09-30 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2021-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2021-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2021-09-30 | 2,116,323 |
| Total employer contributions | 2021-09-30 | 17,251 |
| Total employee contributions | 2021-09-30 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-09-30 | 16,997 |
| Unpaid minimum required contributions for all prior years | 2021-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2021-09-30 | 16,596 |
| Net shortfall amortization installment of oustanding balance | 2021-09-30 | 0 |
| Waiver amortization installment | 2021-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2021-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-09-30 | 0 |
| Additional cash requirement | 2021-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-09-30 | 16,997 |
| Unpaid minimum required contributions for current year | 2021-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2021-09-30 | 0 |
| 2020: THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION 2020 401k membership |
|---|
| Market value of plan assets | 2020-09-30 | 4,186,202 |
| Acturial value of plan assets | 2020-09-30 | 4,272,645 |
| Funding target for retired participants and beneficiaries receiving payment | 2020-09-30 | 1,291,957 |
| Number of terminated vested participants | 2020-09-30 | 6 |
| Fundng target for terminated vested participants | 2020-09-30 | 118,412 |
| Active participant vested funding target | 2020-09-30 | 748,158 |
| Number of active participants | 2020-09-30 | 9 |
| Total funding liabilities for active participants | 2020-09-30 | 759,323 |
| Total participant count | 2020-09-30 | 27 |
| Total funding target for all participants | 2020-09-30 | 2,169,692 |
| Balance at beginning of prior year after applicable adjustments | 2020-09-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2020-09-30 | 1,880,075 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2020-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2020-09-30 | 0 |
| Amount remaining of carryover balance | 2020-09-30 | 0 |
| Amount remaining of prefunding balance | 2020-09-30 | 1,880,075 |
| Present value of excess contributions | 2020-09-30 | 0 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
| Reductions in caryover balances due to elections or deemed elections | 2020-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2020-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2020-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2020-09-30 | 1,949,450 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2020-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2020-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2020-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2020-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2020-09-30 | 14,629 |
| Net shortfall amortization installment of oustanding balance | 2020-09-30 | 0 |
| Waiver amortization installment | 2020-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2020-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2020-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2020-09-30 | 0 |
| Additional cash requirement | 2020-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2020-09-30 | 0 |
| Unpaid minimum required contributions for current year | 2020-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2020-09-30 | 0 |
| 2019: THE RETIERMENT PLAN OF MEDINA SAVINGS & LOAN ASSOCIATION 2019 401k membership |
|---|
| Market value of plan assets | 2019-09-30 | 5,221,698 |
| Acturial value of plan assets | 2019-09-30 | 5,185,731 |
| Funding target for retired participants and beneficiaries receiving payment | 2019-09-30 | 1,366,624 |
| Number of terminated vested participants | 2019-09-30 | 7 |
| Fundng target for terminated vested participants | 2019-09-30 | 848,227 |
| Active participant vested funding target | 2019-09-30 | 686,574 |
| Number of active participants | 2019-09-30 | 9 |
| Total funding liabilities for active participants | 2019-09-30 | 695,769 |
| Total participant count | 2019-09-30 | 28 |
| Total funding target for all participants | 2019-09-30 | 2,910,620 |
| Balance at beginning of prior year after applicable adjustments | 2019-09-30 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2019-09-30 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2019-09-30 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2019-09-30 | 0 |
| Amount remaining of carryover balance | 2019-09-30 | 0 |
| Amount remaining of prefunding balance | 2019-09-30 | 0 |
| Present value of excess contributions | 2019-09-30 | 1,775,834 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-09-30 | 1,880,075 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-09-30 | 1,880,075 |
| Reductions in caryover balances due to elections or deemed elections | 2019-09-30 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2019-09-30 | 0 |
| Balance of carryovers at beginning of current year | 2019-09-30 | 0 |
| Balance of prefunding at beginning of current year | 2019-09-30 | 1,880,075 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2019-09-30 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2019-09-30 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-09-30 | 0 |
| Unpaid minimum required contributions for all prior years | 2019-09-30 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-09-30 | 0 |
| Remaining amount of unpaid minimum required contributions | 2019-09-30 | 0 |
| Minimum required contributions for current year target normal cost | 2019-09-30 | 13,595 |
| Net shortfall amortization installment of oustanding balance | 2019-09-30 | 0 |
| Waiver amortization installment | 2019-09-30 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2019-09-30 | 0 |
| Carryover balance elected to use to offset funding requirement | 2019-09-30 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2019-09-30 | 0 |
| Additional cash requirement | 2019-09-30 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2019-09-30 | 0 |
| Unpaid minimum required contributions for current year | 2019-09-30 | 0 |
| Unpaid minimum required contributions for all years | 2019-09-30 | 0 |
