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LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameLEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number 001

LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan TypeDefined 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).
  • 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

LEHIGH VALLEY EDUCATORS CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:LEHIGH VALLEY EDUCATORS CREDIT UNION
Employer identification number (EIN):230338105
NAIC Classification:522130
NAIC Description:Credit Unions

Additional information about LEHIGH VALLEY EDUCATORS CREDIT UNION

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number: 8670

More information about LEHIGH VALLEY EDUCATORS CREDIT UNION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ROSEMARIE KRANTZ2023-09-08
0012021-01-01ROSEMARIE KRANTZ2022-08-10
0012020-01-01ROSEMARIE KRANTZ2021-08-31
0012019-01-01ROSEMARIE KRANTZ2020-08-28
0012018-01-01ROSEMARIE KRANTZ2019-10-08
0012017-01-01ROSEMARIE KRANTZ2018-07-19
0012016-01-01ROSEMARIE KRANTZ2017-09-29
0012015-01-01ROSEMARIE KRANTZ2016-08-19
0012014-02-01ROSEMARIE KRANTZ2015-08-31
0012013-02-01ROSEMARIE KRANTZ2014-11-10
0012012-02-01ROSEMARIE KRANTZ2013-08-02
0012011-02-01ROSEMARIE KRANTZ2012-09-25
0012010-02-01ROSEMARIE KRANTZ2011-07-14 ROSEMARIE KRANTZ2011-07-14

Plan Statistics for LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2022: LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-12-317,738,118
Acturial value of plan assets2022-12-317,738,118
Funding target for retired participants and beneficiaries receiving payment2022-12-31135,883
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-31229,441
Active participant vested funding target2022-12-313,832,834
Number of active participants2022-12-3128
Total funding liabilities for active participants2022-12-313,870,131
Total participant count2022-12-3132
Total funding target for all participants2022-12-314,235,455
Balance at beginning of prior year after applicable adjustments2022-12-313,593
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-313,593
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-311,083,487
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-311,142,754
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-314,038
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31413,926
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31394,135
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31290,035
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31394,135
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-12-316,790,434
Acturial value of plan assets2021-12-316,790,434
Funding target for retired participants and beneficiaries receiving payment2021-12-31136,519
Number of terminated vested participants2021-12-311
Fundng target for terminated vested participants2021-12-31199,340
Active participant vested funding target2021-12-314,091,912
Number of active participants2021-12-3133
Total funding liabilities for active participants2021-12-314,111,095
Total participant count2021-12-3135
Total funding target for all participants2021-12-314,446,954
Balance at beginning of prior year after applicable adjustments2021-12-313,136
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-313,136
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31384,944
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31405,000
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-313,593
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-311,136,606
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-311,083,487
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31271,692
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-311,083,487
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-12-315,609,947
Acturial value of plan assets2020-12-315,609,947
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-31122,867
Active participant vested funding target2020-12-313,939,868
Number of active participants2020-12-3132
Total funding liabilities for active participants2020-12-313,958,438
Total participant count2020-12-3133
Total funding target for all participants2020-12-314,081,305
Balance at beginning of prior year after applicable adjustments2020-12-312,615
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-312,615
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31602,457
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31634,628
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-313,136
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31400,349
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31384,944
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31327,174
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31384,944
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-314,166,570
Acturial value of plan assets2019-12-314,166,570
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-31122,079
Active participant vested funding target2019-12-313,324,229
Number of active participants2019-12-3132
Total funding liabilities for active participants2019-12-313,353,097
Total participant count2019-12-3133
Total funding target for all participants2019-12-313,475,176
Balance at beginning of prior year after applicable adjustments2019-12-312,774
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-312,774
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31325,521
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31343,425
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-312,615
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31628,866
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31602,457
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31286,151
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31602,457
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-314,093,071
Acturial value of plan assets2018-12-314,093,071
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-31114,250
Active participant vested funding target2018-12-312,812,114
Number of active participants2018-12-3129
Total funding liabilities for active participants2018-12-312,839,286
Total participant count2018-12-3130
Total funding target for all participants2018-12-312,953,536
Balance at beginning of prior year after applicable adjustments2018-12-312,410
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-312,410
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31234,201
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31247,644
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-312,774
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31339,867
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31325,521
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31230,328
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31325,521
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-313,361,003
Acturial value of plan assets2017-12-313,361,003
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-312,416,493
Number of active participants2017-12-3128
Total funding liabilities for active participants2017-12-312,446,270
Total participant count2017-12-3128
Total funding target for all participants2017-12-312,446,270
Balance at beginning of prior year after applicable adjustments2017-12-312,237
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-312,237
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31204,470
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31216,697
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-312,410
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31245,007
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31234,201
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31163,713
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31234,201
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: LEHIGH VALLEY EDUCATORS CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-312,942,897
Acturial value of plan assets2016-12-312,942,897
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-311,248
Active participant vested funding target2016-12-312,033,238
Number of active participants2016-12-3128
Total funding liabilities for active participants2016-12-312,063,634
Total participant count2016-12-3129
Total funding target for all participants2016-12-312,064,882
Balance at beginning of prior year after applicable adjustments2016-12-312,302
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-312,302
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31667,481
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31708,865
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-312,237
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31214,399
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31204,470
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31142,310
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31204,470
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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