401k Plan data: FIRST NATIONAL BANK OF ABSECON PENSION PLAN plan

FIRST NATIONAL BANK OF ABSECON PENSION PLAN 401k Plan overview

Plan Name	FIRST NATIONAL BANK OF ABSECON PENSION PLAN
Plan identification number	001

FIRST NATIONAL BANK OF ABSECON 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

FIRST NATIONAL BANK OF ABSECON has sponsored the creation of one or more 401k plans.

Company Name: FIRST NATIONAL BANK OF ABSECON

Employer identification number (EIN): 210450890

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF ABSECON PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 CHRISTIAN GAUPP 2023-06-30
001 2021-01-01 CHRISTIAN GAUPP 2022-10-12 CHRISTIAN GAUPP 2022-10-12
001 2020-01-01 CHRISTIAN GAUPP 2021-10-13
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01 CHRISTIAN E. GAUPP 2017-07-12
001 2015-01-01 CHRISTIAN E. GAUPP 2016-07-19
001 2014-01-01 CHRISTIAN E. GAUPP 2015-07-23
001 2013-01-01 CHRISTIAN E. GAUPP 2014-07-30
001 2012-01-01 CHRISTIAN E. GAUPP 2013-05-28
001 2011-01-01 CHRISTIAN E. GAUPP 2012-03-23
001 2010-01-01 CHRISTIAN E. GAUPP 2011-03-24

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	CHRISTIAN GAUPP	2023-06-30
001	2021-01-01	CHRISTIAN GAUPP	2022-10-12	CHRISTIAN GAUPP	2022-10-12
001	2020-01-01	CHRISTIAN GAUPP	2021-10-13
001	2019-01-01
001	2018-01-01
001	2017-01-01
001	2016-01-01	CHRISTIAN E. GAUPP	2017-07-12
001	2015-01-01	CHRISTIAN E. GAUPP	2016-07-19
001	2014-01-01	CHRISTIAN E. GAUPP	2015-07-23
001	2013-01-01	CHRISTIAN E. GAUPP	2014-07-30
001	2012-01-01	CHRISTIAN E. GAUPP	2013-05-28
001	2011-01-01	CHRISTIAN E. GAUPP	2012-03-23
001	2010-01-01	CHRISTIAN E. GAUPP	2011-03-24

Plan Statistics for FIRST NATIONAL BANK OF ABSECON PENSION PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK OF ABSECON PENSION PLAN

Measure Date Value
2022: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 4,799,419
Acturial value of plan assets 2022-12-31 4,799,419
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 1,613,316
Number of terminated vested participants 2022-12-31 6
Fundng target for terminated vested participants 2022-12-31 157,438
Active participant vested funding target 2022-12-31 952,370
Number of active participants 2022-12-31 14
Total funding liabilities for active participants 2022-12-31 952,370
Total participant count 2022-12-31 32
Total funding target for all participants 2022-12-31 2,723,124
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 0
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 0
Present value of excess contributions 2022-12-31 143,584
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 151,481
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 0
Total employer contributions 2022-12-31 150,000
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 2022-12-31 143,590
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
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 143,590
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 4,528,570
Acturial value of plan assets 2021-12-31 4,528,570
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 1,818,647
Number of terminated vested participants 2021-12-31 7
Fundng target for terminated vested participants 2021-12-31 170,825
Active participant vested funding target 2021-12-31 981,168
Number of active participants 2021-12-31 16
Total funding liabilities for active participants 2021-12-31 981,168
Total participant count 2021-12-31 38
Total funding target for all participants 2021-12-31 2,970,640
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 457,029
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 2021-12-31 457,029
Present value of excess contributions 2021-12-31 144,992
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 152,880
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 2021-12-31 520,830
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 150,000
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 2021-12-31 143,584
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 2021-12-31 143,584
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 4,086,133
Acturial value of plan assets 2020-12-31 4,086,133
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 2,164,007
Number of terminated vested participants 2020-12-31 6
Fundng target for terminated vested participants 2020-12-31 91,024
Active participant vested funding target 2020-12-31 1,035,760
Number of active participants 2020-12-31 18
Total funding liabilities for active participants 2020-12-31 1,035,760
Total participant count 2020-12-31 40
Total funding target for all participants 2020-12-31 3,290,791
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 256,320
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 2020-12-31 256,320
Present value of excess contributions 2020-12-31 144,992
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 152,880
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 152,880
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 2020-12-31 457,029
Total employer contributions 2020-12-31 150,000
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 2020-12-31 144,474
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 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 144,474
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 3,694,270
Acturial value of plan assets 2019-12-31 3,694,270
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 2,215,020
Number of terminated vested participants 2019-12-31 6
Fundng target for terminated vested participants 2019-12-31 83,576
Active participant vested funding target 2019-12-31 1,133,466
Number of active participants 2019-12-31 21
Total funding liabilities for active participants 2019-12-31 1,133,466
Total participant count 2019-12-31 43
Total funding target for all participants 2019-12-31 3,432,062
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 873,543
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 0
Amount remaining of prefunding balance 2019-12-31 873,543
Present value of excess contributions 2019-12-31 123,767
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 130,735
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 130,735
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 700,000
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 256,320
Total employer contributions 2019-12-31 300,000
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 2019-12-31 144,992
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 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 144,992
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 3,921,944
Acturial value of plan assets 2018-12-31 3,921,944
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 1,741,950
Number of terminated vested participants 2018-12-31 6
Fundng target for terminated vested participants 2018-12-31 76,396
Active participant vested funding target 2018-12-31 1,552,937
Number of active participants 2018-12-31 23
Total funding liabilities for active participants 2018-12-31 1,552,937
Total participant count 2018-12-31 43
Total funding target for all participants 2018-12-31 3,371,283
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 489,503
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 2018-12-31 489,503
Present value of excess contributions 2018-12-31 302,829
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 320,454
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 320,454
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 2018-12-31 873,543
Total employer contributions 2018-12-31 400,000
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 2018-12-31 193,661
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 2018-12-31 251,745
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 69,894
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 69,894
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 193,661
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 3,286,760
Acturial value of plan assets 2017-12-31 3,286,760
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 1,688,682
Number of terminated vested participants 2017-12-31 7
Fundng target for terminated vested participants 2017-12-31 181,012
Active participant vested funding target 2017-12-31 1,364,214
Number of active participants 2017-12-31 23
Total funding liabilities for active participants 2017-12-31 1,364,214
Total participant count 2017-12-31 44
Total funding target for all participants 2017-12-31 3,233,908
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 216,813
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 2017-12-31 216,813
Present value of excess contributions 2017-12-31 244,589
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 259,313
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 259,313
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 2017-12-31 489,503
Total employer contributions 2017-12-31 400,000
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 2017-12-31 388,949
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 2017-12-31 323,419
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 86,120
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 86,120
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 388,949
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 3,005,444
Acturial value of plan assets 2016-12-31 3,005,444
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 1,730,383
Number of terminated vested participants 2016-12-31 7
Fundng target for terminated vested participants 2016-12-31 165,288
Active participant vested funding target 2016-12-31 1,241,563
Number of active participants 2016-12-31 23
Total funding liabilities for active participants 2016-12-31 1,241,563
Total participant count 2016-12-31 44
Total funding target for all participants 2016-12-31 3,137,234
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 62,933
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 62,933
Present value of excess contributions 2016-12-31 147,160
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 156,328
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 156,328
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 2016-12-31 216,813
Total employer contributions 2016-12-31 300,000
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 2016-12-31 290,613
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 2016-12-31 348,603
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 46,024
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 46,024
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 290,613
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: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	4,799,419
Acturial value of plan assets	2022-12-31	4,799,419
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	1,613,316
Number of terminated vested participants	2022-12-31	6
Fundng target for terminated vested participants	2022-12-31	157,438
Active participant vested funding target	2022-12-31	952,370
Number of active participants	2022-12-31	14
Total funding liabilities for active participants	2022-12-31	952,370
Total participant count	2022-12-31	32
Total funding target for all participants	2022-12-31	2,723,124
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	0
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	0
Present value of excess contributions	2022-12-31	143,584
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	151,481
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	0
Total employer contributions	2022-12-31	150,000
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	143,590
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
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	143,590
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	4,528,570
Acturial value of plan assets	2021-12-31	4,528,570
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	1,818,647
Number of terminated vested participants	2021-12-31	7
Fundng target for terminated vested participants	2021-12-31	170,825
Active participant vested funding target	2021-12-31	981,168
Number of active participants	2021-12-31	16
Total funding liabilities for active participants	2021-12-31	981,168
Total participant count	2021-12-31	38
Total funding target for all participants	2021-12-31	2,970,640
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	457,029
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	457,029
Present value of excess contributions	2021-12-31	144,992
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	152,880
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	520,830
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	150,000
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	143,584
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	143,584
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	4,086,133
Acturial value of plan assets	2020-12-31	4,086,133
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	2,164,007
Number of terminated vested participants	2020-12-31	6
Fundng target for terminated vested participants	2020-12-31	91,024
Active participant vested funding target	2020-12-31	1,035,760
Number of active participants	2020-12-31	18
Total funding liabilities for active participants	2020-12-31	1,035,760
Total participant count	2020-12-31	40
Total funding target for all participants	2020-12-31	3,290,791
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	256,320
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	256,320
Present value of excess contributions	2020-12-31	144,992
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	152,880
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	152,880
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	457,029
Total employer contributions	2020-12-31	150,000
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	144,474
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	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	144,474
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	3,694,270
Acturial value of plan assets	2019-12-31	3,694,270
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	2,215,020
Number of terminated vested participants	2019-12-31	6
Fundng target for terminated vested participants	2019-12-31	83,576
Active participant vested funding target	2019-12-31	1,133,466
Number of active participants	2019-12-31	21
Total funding liabilities for active participants	2019-12-31	1,133,466
Total participant count	2019-12-31	43
Total funding target for all participants	2019-12-31	3,432,062
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	873,543
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	0
Amount remaining of prefunding balance	2019-12-31	873,543
Present value of excess contributions	2019-12-31	123,767
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	130,735
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	130,735
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	700,000
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	256,320
Total employer contributions	2019-12-31	300,000
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	144,992
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	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	144,992
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	3,921,944
Acturial value of plan assets	2018-12-31	3,921,944
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	1,741,950
Number of terminated vested participants	2018-12-31	6
Fundng target for terminated vested participants	2018-12-31	76,396
Active participant vested funding target	2018-12-31	1,552,937
Number of active participants	2018-12-31	23
Total funding liabilities for active participants	2018-12-31	1,552,937
Total participant count	2018-12-31	43
Total funding target for all participants	2018-12-31	3,371,283
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	489,503
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	489,503
Present value of excess contributions	2018-12-31	302,829
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	320,454
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	320,454
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	873,543
Total employer contributions	2018-12-31	400,000
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	193,661
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	251,745
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	69,894
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	69,894
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	193,661
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	3,286,760
Acturial value of plan assets	2017-12-31	3,286,760
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	1,688,682
Number of terminated vested participants	2017-12-31	7
Fundng target for terminated vested participants	2017-12-31	181,012
Active participant vested funding target	2017-12-31	1,364,214
Number of active participants	2017-12-31	23
Total funding liabilities for active participants	2017-12-31	1,364,214
Total participant count	2017-12-31	44
Total funding target for all participants	2017-12-31	3,233,908
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	216,813
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	216,813
Present value of excess contributions	2017-12-31	244,589
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	259,313
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	259,313
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	489,503
Total employer contributions	2017-12-31	400,000
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	388,949
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	323,419
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	86,120
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	86,120
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	388,949
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: FIRST NATIONAL BANK OF ABSECON PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	3,005,444
Acturial value of plan assets	2016-12-31	3,005,444
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	1,730,383
Number of terminated vested participants	2016-12-31	7
Fundng target for terminated vested participants	2016-12-31	165,288
Active participant vested funding target	2016-12-31	1,241,563
Number of active participants	2016-12-31	23
Total funding liabilities for active participants	2016-12-31	1,241,563
Total participant count	2016-12-31	44
Total funding target for all participants	2016-12-31	3,137,234
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	62,933
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	62,933
Present value of excess contributions	2016-12-31	147,160
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	156,328
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	156,328
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	216,813
Total employer contributions	2016-12-31	300,000
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	290,613
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	348,603
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	46,024
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	46,024
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	290,613
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:	FIRST NATIONAL BANK OF ABSECON
Employer identification number (EIN):	210450890
NAIC Classification:	522110
NAIC Description:	Commercial Banking