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THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN 401k Plan overview

Plan NameTHE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN
Plan identification number 003

THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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

MID PENN BANK has sponsored the creation of one or more 401k plans.

Company Name:MID PENN BANK
Employer identification number (EIN):230880270
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01ROBERTA HOFFMAN2023-07-27
0032021-01-01ROBERTA HOFFMAN2022-10-07
0032020-01-01ROBERTA HOFFMAN2021-08-02
0032018-01-01ROBERTA HOFFMAN2019-10-08

Plan Statistics for THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN

401k plan membership statisitcs for THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN

Measure Date Value
2022: THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-315,302,008
Acturial value of plan assets2022-12-315,134,466
Funding target for retired participants and beneficiaries receiving payment2022-12-31930,176
Number of terminated vested participants2022-12-3113
Fundng target for terminated vested participants2022-12-31825,938
Active participant vested funding target2022-12-311,805,565
Number of active participants2022-12-316
Total funding liabilities for active participants2022-12-311,805,565
Total participant count2022-12-3124
Total funding target for all participants2022-12-313,561,679
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-311,044,516
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 balance2022-12-310
Amount remaining of prefunding balance2022-12-311,044,516
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-310
Balance of prefunding at beginning of current year2022-12-311,172,887
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-3150,834
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 year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-315,216,869
Acturial value of plan assets2021-12-315,193,583
Funding target for retired participants and beneficiaries receiving payment2021-12-31944,565
Number of terminated vested participants2021-12-3115
Fundng target for terminated vested participants2021-12-31913,834
Active participant vested funding target2021-12-311,702,176
Number of active participants2021-12-318
Total funding liabilities for active participants2021-12-311,702,176
Total participant count2021-12-3128
Total funding target for all participants2021-12-313,560,575
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31999,250
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 balance2021-12-310
Amount remaining of prefunding balance2021-12-31999,250
Present value of excess contributions2021-12-31456,197
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31480,877
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 year2021-12-310
Balance of prefunding at beginning of current year2021-12-311,044,516
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-3173,392
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 year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-315,404,048
Acturial value of plan assets2020-12-315,379,304
Funding target for retired participants and beneficiaries receiving payment2020-12-311,001,360
Number of terminated vested participants2020-12-3115
Fundng target for terminated vested participants2020-12-31883,333
Active participant vested funding target2020-12-312,164,807
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-312,164,807
Total participant count2020-12-3131
Total funding target for all participants2020-12-314,049,500
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31902,013
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 balance2020-12-310
Amount remaining of prefunding balance2020-12-31902,013
Present value of excess contributions2020-12-31467,489
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31493,622
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 year2020-12-310
Balance of prefunding at beginning of current year2020-12-31999,250
Total employer contributions2020-12-31485,000
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 date2020-12-31456,197
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 cost2020-12-3181,018
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 year2020-12-31456,197
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-314,817,619
Acturial value of plan assets2019-12-314,946,373
Funding target for retired participants and beneficiaries receiving payment2019-12-311,015,002
Number of terminated vested participants2019-12-3116
Fundng target for terminated vested participants2019-12-31913,576
Active participant vested funding target2019-12-312,134,422
Number of active participants2019-12-3115
Total funding liabilities for active participants2019-12-312,134,643
Total participant count2019-12-3136
Total funding target for all participants2019-12-314,063,221
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31894,322
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31894,322
Present value of excess contributions2019-12-31404,073
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31427,186
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 year2019-12-310
Balance of prefunding at beginning of current year2019-12-31902,013
Total employer contributions2019-12-31600,000
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 date2019-12-31577,759
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 cost2019-12-31110,270
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31110,270
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31110,270
Contributions allocatedtoward minimum required contributions for current year2019-12-31577,759
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE SCOTTDALE BANK AND TRUST COMPANY PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-318,121,219
Acturial value of plan assets2018-12-317,948,661
Funding target for retired participants and beneficiaries receiving payment2018-12-31444,410
Number of terminated vested participants2018-12-315
Fundng target for terminated vested participants2018-12-3164,306
Active participant vested funding target2018-12-316,241,512
Number of active participants2018-12-3140
Total funding liabilities for active participants2018-12-316,243,736
Total participant count2018-12-3148
Total funding target for all participants2018-12-316,752,452
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31808,317
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31808,317
Present value of excess contributions2018-12-31437,783
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31463,744
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 year2018-12-310
Balance of prefunding at beginning of current year2018-12-31894,322
Total employer contributions2018-12-31600,000
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 date2018-12-31576,463
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 cost2018-12-31474,277
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31172,390
Additional cash requirement2018-12-31172,390
Contributions allocatedtoward minimum required contributions for current year2018-12-31576,463
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310

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