401k Plan data: MERCHANTS BANK OF BANGOR RETIREMENT PLAN plan

MERCHANTS BANK OF BANGOR RETIREMENT PLAN 401k Plan overview

Plan Name	MERCHANTS BANK OF BANGOR RETIREMENT PLAN
Plan identification number	001

MERCHANTS BANK OF BANGOR RETIREMENT 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).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
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

MERCHANTS BANK OF BANGOR has sponsored the creation of one or more 401k plans.

Company Name: MERCHANTS BANK OF BANGOR

Employer identification number (EIN): 240660110

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about MERCHANTS BANK OF BANGOR

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE

Incorporation Date:

Company Identification Number: 228643

More information about MERCHANTS BANK OF BANGOR

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MERCHANTS BANK OF BANGOR RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01 MARY MCNICHOLS 2022-03-25
001 2020-01-01 MARY MCNICHOLS 2021-10-14
001 2019-01-01 MARY MCNICHOLS 2020-09-01
001 2018-01-01 JEFFERY W. SNYDER 2019-09-26
001 2017-01-01 JEFFERY W. SNYDER 2018-09-14
001 2016-01-01 JEFFERY W. SNYDER 2017-06-28
001 2015-01-01 JEFFERY W. SNYDER 2016-07-11
001 2014-01-01 JEFFERY W. SNYDER 2015-10-01
001 2013-01-01 TERRI SNYDER 2014-08-11
001 2012-01-01 TERRI SNYDER 2013-09-20
001 2011-01-01 TERRI SNYDER 2012-10-12
001 2010-01-01 TERRI SNYDER 2011-10-12 TERRI SNYDER 2011-10-12

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-01-01	MARY MCNICHOLS	2022-03-25
001	2020-01-01	MARY MCNICHOLS	2021-10-14
001	2019-01-01	MARY MCNICHOLS	2020-09-01
001	2018-01-01	JEFFERY W. SNYDER	2019-09-26
001	2017-01-01	JEFFERY W. SNYDER	2018-09-14
001	2016-01-01	JEFFERY W. SNYDER	2017-06-28
001	2015-01-01	JEFFERY W. SNYDER	2016-07-11
001	2014-01-01	JEFFERY W. SNYDER	2015-10-01
001	2013-01-01	TERRI SNYDER	2014-08-11
001	2012-01-01	TERRI SNYDER	2013-09-20
001	2011-01-01	TERRI SNYDER	2012-10-12
001	2010-01-01	TERRI SNYDER	2011-10-12	TERRI SNYDER	2011-10-12

Plan Statistics for MERCHANTS BANK OF BANGOR RETIREMENT PLAN

401k plan membership statisitcs for MERCHANTS BANK OF BANGOR RETIREMENT PLAN

Measure Date Value
2020: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2020 401k membership
Market value of plan assets 2020-12-31 3,208,324
Acturial value of plan assets 2020-12-31 3,208,324
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 1,965,439
Number of terminated vested participants 2020-12-31 14
Fundng target for terminated vested participants 2020-12-31 159,511
Active participant vested funding target 2020-12-31 190,276
Number of active participants 2020-12-31 14
Total funding liabilities for active participants 2020-12-31 190,276
Total participant count 2020-12-31 69
Total funding target for all participants 2020-12-31 2,315,226
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 398,339
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 2020-12-31 398,339
Present value of excess contributions 2020-12-31 517,705
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 545,609
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
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 2020-12-31 477,529
Total employer contributions 2020-12-31 0
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 0
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
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2019 401k membership
Market value of plan assets 2019-12-31 2,411,384
Acturial value of plan assets 2019-12-31 2,411,384
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 1,961,424
Number of terminated vested participants 2019-12-31 16
Fundng target for terminated vested participants 2019-12-31 256,852
Active participant vested funding target 2019-12-31 181,478
Number of active participants 2019-12-31 16
Total funding liabilities for active participants 2019-12-31 181,478
Total participant count 2019-12-31 71
Total funding target for all participants 2019-12-31 2,399,754
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 422,014
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 2019-12-31 422,014
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
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 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 398,339
Total employer contributions 2019-12-31 550,000
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 2019-12-31 517,705
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 2019-12-31 517,705
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2018 401k membership
Market value of plan assets 2018-12-31 2,772,680
Acturial value of plan assets 2018-12-31 2,772,680
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 1,917,120
Number of terminated vested participants 2018-12-31 16
Fundng target for terminated vested participants 2018-12-31 229,436
Active participant vested funding target 2018-12-31 189,542
Number of active participants 2018-12-31 17
Total funding liabilities for active participants 2018-12-31 189,542
Total participant count 2018-12-31 72
Total funding target for all participants 2018-12-31 2,336,098
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 92,000
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 92,000
Present value of excess contributions 2018-12-31 360,565
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 381,370
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 315,000
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 2018-12-31 422,014
Total employer contributions 2018-12-31 0
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 11,775
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2017 401k membership
Market value of plan assets 2017-12-31 2,185,467
Acturial value of plan assets 2017-12-31 2,185,467
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 1,944,592
Number of terminated vested participants 2017-12-31 16
Fundng target for terminated vested participants 2017-12-31 209,368
Active participant vested funding target 2017-12-31 171,099
Number of active participants 2017-12-31 17
Total funding liabilities for active participants 2017-12-31 171,099
Total participant count 2017-12-31 72
Total funding target for all participants 2017-12-31 2,325,059
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 90,709
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 96,124
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 92,000
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 92,000
Total employer contributions 2017-12-31 460,000
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 2017-12-31 435,343
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 10,859
Net shortfall amortization installment of oustanding balance 2017-12-31 231,592
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 74,778
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 74,778
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 435,343
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2016 401k membership
Market value of plan assets 2016-12-31 2,082,196
Acturial value of plan assets 2016-12-31 2,082,196
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 1,729,494
Number of terminated vested participants 2016-12-31 17
Fundng target for terminated vested participants 2016-12-31 216,622
Active participant vested funding target 2016-12-31 359,588
Number of active participants 2016-12-31 23
Total funding liabilities for active participants 2016-12-31 359,588
Total participant count 2016-12-31 72
Total funding target for all participants 2016-12-31 2,305,704
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 33,971
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 36,074
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 140,000
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 2016-12-31 134,633
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 10,882
Net shortfall amortization installment of oustanding balance 2016-12-31 223,508
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 43,924
Additional cash requirement 2016-12-31 43,924
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 134,633
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
2020: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2020 401k membership
Market value of plan assets	2020-12-31	3,208,324
Acturial value of plan assets	2020-12-31	3,208,324
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	1,965,439
Number of terminated vested participants	2020-12-31	14
Fundng target for terminated vested participants	2020-12-31	159,511
Active participant vested funding target	2020-12-31	190,276
Number of active participants	2020-12-31	14
Total funding liabilities for active participants	2020-12-31	190,276
Total participant count	2020-12-31	69
Total funding target for all participants	2020-12-31	2,315,226
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	398,339
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	398,339
Present value of excess contributions	2020-12-31	517,705
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	545,609
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
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	477,529
Total employer contributions	2020-12-31	0
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	0
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
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2019 401k membership
Market value of plan assets	2019-12-31	2,411,384
Acturial value of plan assets	2019-12-31	2,411,384
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	1,961,424
Number of terminated vested participants	2019-12-31	16
Fundng target for terminated vested participants	2019-12-31	256,852
Active participant vested funding target	2019-12-31	181,478
Number of active participants	2019-12-31	16
Total funding liabilities for active participants	2019-12-31	181,478
Total participant count	2019-12-31	71
Total funding target for all participants	2019-12-31	2,399,754
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	422,014
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	422,014
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
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	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	398,339
Total employer contributions	2019-12-31	550,000
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	517,705
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	517,705
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2018 401k membership
Market value of plan assets	2018-12-31	2,772,680
Acturial value of plan assets	2018-12-31	2,772,680
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	1,917,120
Number of terminated vested participants	2018-12-31	16
Fundng target for terminated vested participants	2018-12-31	229,436
Active participant vested funding target	2018-12-31	189,542
Number of active participants	2018-12-31	17
Total funding liabilities for active participants	2018-12-31	189,542
Total participant count	2018-12-31	72
Total funding target for all participants	2018-12-31	2,336,098
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	92,000
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	92,000
Present value of excess contributions	2018-12-31	360,565
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	381,370
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	315,000
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	422,014
Total employer contributions	2018-12-31	0
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	11,775
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	2,185,467
Acturial value of plan assets	2017-12-31	2,185,467
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	1,944,592
Number of terminated vested participants	2017-12-31	16
Fundng target for terminated vested participants	2017-12-31	209,368
Active participant vested funding target	2017-12-31	171,099
Number of active participants	2017-12-31	17
Total funding liabilities for active participants	2017-12-31	171,099
Total participant count	2017-12-31	72
Total funding target for all participants	2017-12-31	2,325,059
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	90,709
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	96,124
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	92,000
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	92,000
Total employer contributions	2017-12-31	460,000
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	435,343
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	10,859
Net shortfall amortization installment of oustanding balance	2017-12-31	231,592
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	74,778
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	74,778
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	435,343
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: MERCHANTS BANK OF BANGOR RETIREMENT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	2,082,196
Acturial value of plan assets	2016-12-31	2,082,196
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	1,729,494
Number of terminated vested participants	2016-12-31	17
Fundng target for terminated vested participants	2016-12-31	216,622
Active participant vested funding target	2016-12-31	359,588
Number of active participants	2016-12-31	23
Total funding liabilities for active participants	2016-12-31	359,588
Total participant count	2016-12-31	72
Total funding target for all participants	2016-12-31	2,305,704
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	33,971
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	36,074
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	140,000
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	134,633
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	10,882
Net shortfall amortization installment of oustanding balance	2016-12-31	223,508
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	43,924
Additional cash requirement	2016-12-31	43,924
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	134,633
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:	MERCHANTS BANK OF BANGOR
Employer identification number (EIN):	240660110
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number:	228643