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EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 401k Plan overview

Plan NameEMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC.
Plan identification number 002

EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 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).
  • 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).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

GERMAN AMERICAN BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name:GERMAN AMERICAN BANCORP, INC.
Employer identification number (EIN):351547518
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022019-01-01
0022018-01-01
0022014-01-01BRADLEY RUST2014-03-07
0022013-01-01BRADLEY RUST2014-03-07
0022012-01-01BRADLEY RUST2013-05-07
0022011-01-01BRADLEY RUST2012-07-23
0022010-01-01BRADLEY RUST2011-05-19

Plan Statistics for EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC.

401k plan membership statisitcs for EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC.

Measure Date Value
2019: EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 2019 401k membership
Total participants, beginning-of-year2019-01-01204
Total number of active participants reported on line 7a of the Form 55002019-01-010
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-010
Number of participants with account balances2019-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 2018 401k membership
Total participants, beginning-of-year2018-01-01203
Total number of active participants reported on line 7a of the Form 55002018-01-0186
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01131
Total of all active and inactive participants2018-01-01217
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01217
Number of participants with account balances2018-01-01198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC.

Measure Date Value
2019 : EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-30$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-30$0
Total unrealized appreciation/depreciation of assets2019-12-30$0
Total transfer of assets to this plan2019-12-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-30$0
Total income from all sources (including contributions)2019-12-30$633,622
Total loss/gain on sale of assets2019-12-30$0
Total of all expenses incurred2019-12-30$4,865,766
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-30$4,818,759
Expenses. Certain deemed distributions of participant loans2019-12-30$0
Value of total corrective distributions2019-12-30$9,935
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-30$39,104
Value of total assets at end of year2019-12-30$0
Value of total assets at beginning of year2019-12-30$4,232,144
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-30$37,072
Total income from rents2019-12-30$0
Total interest from all sources2019-12-30$682
Total dividends received (eg from common stock, registered investment company shares)2019-12-30$19,318
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-30Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2019-12-30$0
Total dividends received from registered investment company shares (eg mutual funds)2019-12-30$19,318
Administrative expenses professional fees incurred2019-12-30$0
Was this plan covered by a fidelity bond2019-12-30Yes
Value of fidelity bond cover2019-12-30$10,000,000
If this is an individual account plan, was there a blackout period2019-12-30No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-30$0
Were there any nonexempt tranactions with any party-in-interest2019-12-30No
Amount of non-exempt transactions with any party-in-interest2019-12-30$0
Contributions received from participants2019-12-30$0
Participant contributions at end of year2019-12-30$0
Participant contributions at beginning of year2019-12-30$22,630
Participant contributions at end of year2019-12-30$0
Participant contributions at beginning of year2019-12-30$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-30$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-30$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-30$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-30$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-30$0
Other income not declared elsewhere2019-12-30$118
Administrative expenses (other) incurred2019-12-30$0
Liabilities. Value of operating payables at beginning of year2019-12-30$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-30No
Value of net income/loss2019-12-30$-4,232,144
Value of net assets at end of year (total assets less liabilities)2019-12-30$0
Value of net assets at beginning of year (total assets less liabilities)2019-12-30$4,232,144
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-30No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-30No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-30$0
Were any leases to which the plan was party in default or uncollectible2019-12-30No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-30$0
Investment advisory and management fees2019-12-30$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-30$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-30$4,209,514
Interest on participant loans2019-12-30$682
Income. Interest from loans (other than to participants)2019-12-30$0
Interest earned on other investments2019-12-30$0
Income. Interest from US Government securities2019-12-30$0
Income. Interest from corporate debt instruments2019-12-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-30$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-30$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-30$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-30$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-30$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-30$574,400
Net investment gain/loss from pooled separate accounts2019-12-30$0
Net investment gain or loss from common/collective trusts2019-12-30$0
Net gain/loss from 103.12 investment entities2019-12-30$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-30No
Was there a failure to transmit to the plan any participant contributions2019-12-30No
Has the plan failed to provide any benefit when due under the plan2019-12-30No
Assets. Invements in employer securities at end of year2019-12-30$0
Assets. Invements in employer securities at beginning of year2019-12-30$0
Contributions received in cash from employer2019-12-30$39,104
Employer contributions (assets) at end of year2019-12-30$0
Employer contributions (assets) at beginning of year2019-12-30$0
Income. Dividends from preferred stock2019-12-30$0
Income. Dividends from common stock2019-12-30$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-30$4,818,759
Contract administrator fees2019-12-30$37,072
Liabilities. Value of benefit claims payable at beginning of year2019-12-30$0
Did the plan have assets held for investment2019-12-30No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-30Yes
Aggregate proceeds on sale of assets2019-12-30$0
Aggregate carrying amount (costs) on sale of assets2019-12-30$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-30$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-30Yes
Opinion of an independent qualified public accountant for this plan2019-12-30Disclaimer
Accountancy firm name2019-12-30BKD, LLP
Accountancy firm EIN2019-12-30440160260
2018 : EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$333,711
Total unrealized appreciation/depreciation of assets2018-12-31$333,711
Total transfer of assets to this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$14,670
Expenses. Interest paid2018-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022018-12-31$0
Total income from all sources (including contributions)2018-12-31$833,855
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$1,438,877
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,376,120
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Value of total corrective distributions2018-12-31$14,959
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$780,966
Value of total assets at end of year2018-12-31$4,232,144
Value of total assets at beginning of year2018-12-31$4,851,836
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$47,798
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$1,051
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$94,545
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$85,713
Administrative expenses professional fees incurred2018-12-31$11,050
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Amount of non-exempt transactions with any party-in-interest2018-12-31$0
Contributions received from participants2018-12-31$344,094
Participant contributions at end of year2018-12-31$22,630
Participant contributions at beginning of year2018-12-31$22,527
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$13,161
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$278,128
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$14,670
Other income not declared elsewhere2018-12-31$58,420
Administrative expenses (other) incurred2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Income. Non cash contributions2018-12-31$0
Value of net income/loss2018-12-31$-605,022
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,232,144
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,837,166
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2018-12-31$0
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2018-12-31$0
Investment advisory and management fees2018-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$4,209,514
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$0
Value of interest in pooled separate accounts at end of year2018-12-31$0
Value of interest in pooled separate accounts at beginning of year2018-12-31$3,670,334
Interest on participant loans2018-12-31$1,051
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$0
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$4,143
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$4,143
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$472,769
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-373,329
Net investment gain/loss from pooled separate accounts2018-12-31$-61,509
Net investment gain or loss from common/collective trusts2018-12-31$0
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$0
Assets. Invements in employer securities at beginning of year2018-12-31$639,742
Contributions received in cash from employer2018-12-31$158,744
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$29,160
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$8,832
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,376,120
Contract administrator fees2018-12-31$36,748
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$0
Aggregate carrying amount (costs) on sale of assets2018-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BKD, LLP
Accountancy firm EIN2018-12-31440160260

Form 5500 Responses for EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC.

2019: EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01This submission is the final filingYes
2019-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: EMPLOYEES' PENSION PLAN OF GERMAN AMERICAN BANCORP, INC. 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AMERICAN UNITED LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 60895 )
Policy contract numberG97214
Policy instance 1
Insurance contract or identification numberG97214
Number of Individuals Covered0
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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