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FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 401k Plan overview

Plan NameFIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN
Plan identification number 001

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 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).
  • 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

AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION
Employer identification number (EIN):361588745
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01KEVIN STEWARD2023-10-10
0012021-01-01KEVIN STEWARD2022-10-15
0012020-01-01KEVIN STEWARD2021-10-14 KEVIN STEWARD2021-10-14
0012019-01-01KEVIN STEWARD2020-10-14 KEVIN STEWARD2020-10-14
0012018-01-01KEVIN STEWARD2019-10-14 KEVIN STEWARD2019-10-14
0012017-01-01KEVIN STEWARD2018-10-11 KEVIN STEWARD2018-10-11
0012016-01-01KEVIN STEWARD2017-10-12 KEVIN STEWARD2017-10-12
0012015-01-01KEVIN STEWARD2016-10-11 KEVIN STEWARD2016-10-11
0012014-01-01SHANNON STEVENS2015-07-29 SHANNON STEVENS2015-07-29
0012013-01-01SHANNON STEVENS2014-07-31 SHANNON STEVENS2014-07-31
0012012-01-01SHANNON STEVENS2013-07-29 SHANNON STEVENS2013-07-29
0012011-01-01SHANNON STEVENS2012-07-24 SHANNON STEVENS2012-07-24
0012010-01-01SHANNON STEVENS2011-05-19 SHANNON STEVENS2011-05-19

Plan Statistics for FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN

Measure Date Value
2022: FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 2022 401k membership
Market value of plan assets2022-12-291,333,639
Acturial value of plan assets2022-12-291,333,639
Funding target for retired participants and beneficiaries receiving payment2022-12-29382,626
Number of terminated vested participants2022-12-297
Fundng target for terminated vested participants2022-12-2970,790
Active participant vested funding target2022-12-29215,501
Number of active participants2022-12-298
Total funding liabilities for active participants2022-12-29216,209
Total participant count2022-12-2920
Total funding target for all participants2022-12-29669,625
Balance at beginning of prior year after applicable adjustments2022-12-290
Prefunding balance at beginning of prior year after applicable adjustments2022-12-290
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-290
Prefunding balanced used to offset prior years funding requirement2022-12-290
Amount remaining of carryover balance2022-12-290
Amount remaining of prefunding balance2022-12-290
Present value of excess contributions2022-12-2948,966
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-2951,674
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-290
Reductions in caryover balances due to elections or deemed elections2022-12-290
Reductions in prefunding balances due to elections or deemed elections2022-12-290
Balance of carryovers at beginning of current year2022-12-290
Balance of prefunding at beginning of current year2022-12-290
Total employer contributions2022-12-290
Total employee contributions2022-12-290
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-290
Contributions made to avoid restrictions adjusted to valuation date2022-12-290
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-290
Unpaid minimum required contributions for all prior years2022-12-290
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-290
Remaining amount of unpaid minimum required contributions2022-12-290
Minimum required contributions for current year target normal cost2022-12-290
Net shortfall amortization installment of oustanding balance2022-12-290
Waiver amortization installment2022-12-290
Total funding amount beforereflecting carryover/prefunding balances2022-12-290
Carryover balance elected to use to offset funding requirement2022-12-290
Prefunding balance elected to use to offset funding requirement2022-12-290
Additional cash requirement2022-12-290
Contributions allocatedtoward minimum required contributions for current year2022-12-290
Unpaid minimum required contributions for current year2022-12-290
Unpaid minimum required contributions for all years2022-12-290
2021: FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 2021 401k membership
Market value of plan assets2021-12-311,295,071
Acturial value of plan assets2021-12-311,295,071
Funding target for retired participants and beneficiaries receiving payment2021-12-31393,691
Number of terminated vested participants2021-12-317
Fundng target for terminated vested participants2021-12-3165,005
Active participant vested funding target2021-12-31198,147
Number of active participants2021-12-318
Total funding liabilities for active participants2021-12-31199,038
Total participant count2021-12-3120
Total funding target for all participants2021-12-31657,734
Balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3196,720
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31101,856
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 year2021-12-310
Total employer contributions2021-12-3150,000
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 date2021-12-3148,966
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 cost2021-12-310
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 year2021-12-3148,966
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 2020 401k membership
Market value of plan assets2020-12-311,450,647
Acturial value of plan assets2020-12-311,450,628
Funding target for retired participants and beneficiaries receiving payment2020-12-31293,212
Number of terminated vested participants2020-12-318
Fundng target for terminated vested participants2020-12-31179,046
Active participant vested funding target2020-12-31409,423
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-31409,423
Total participant count2020-12-3123
Total funding target for all participants2020-12-31881,681
Balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-3196,629
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31101,934
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 year2020-12-310
Total employer contributions2020-12-31100,000
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 date2020-12-3196,720
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 cost2020-12-310
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 year2020-12-3196,720
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 2019 401k membership
Market value of plan assets2019-12-311,262,104
Acturial value of plan assets2019-12-311,262,104
Funding target for retired participants and beneficiaries receiving payment2019-12-31302,854
Number of terminated vested participants2019-12-318
Fundng target for terminated vested participants2019-12-31161,471
Active participant vested funding target2019-12-31381,160
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-31381,160
Total participant count2019-12-3123
Total funding target for all participants2019-12-31845,485
Balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-3196,515
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31101,640
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 year2019-12-310
Total employer contributions2019-12-31100,000
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 date2019-12-3196,629
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 cost2019-12-310
Net shortfall amortization installment of oustanding balance2019-12-310
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 year2019-12-3196,629
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 2018 401k membership
Market value of plan assets2018-12-311,685,170
Acturial value of plan assets2018-12-311,685,170
Funding target for retired participants and beneficiaries receiving payment2018-12-31517,004
Number of terminated vested participants2018-12-318
Fundng target for terminated vested participants2018-12-31155,129
Active participant vested funding target2018-12-31770,644
Number of active participants2018-12-3114
Total funding liabilities for active participants2018-12-31770,644
Total participant count2018-12-3127
Total funding target for all participants2018-12-311,442,777
Balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31209,838
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31222,050
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 year2018-12-310
Total employer contributions2018-12-31100,000
Total employee contributions2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3196,515
Unpaid minimum required contributions for all prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-310
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 year2018-12-3196,515
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 2017 401k membership
Market value of plan assets2017-12-311,446,400
Acturial value of plan assets2017-12-311,446,400
Funding target for retired participants and beneficiaries receiving payment2017-12-31386,670
Number of terminated vested participants2017-12-318
Fundng target for terminated vested participants2017-12-31131,594
Active participant vested funding target2017-12-31764,578
Number of active participants2017-12-3115
Total funding liabilities for active participants2017-12-31764,578
Total participant count2017-12-3128
Total funding target for all participants2017-12-311,282,842
Balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31143,459
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31152,109
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31220,000
Total employee contributions2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31209,838
Unpaid minimum required contributions for all prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-310
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 year2017-12-31209,838
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: FIRST NATIONAL BANK OF OTTAWA, ILLINOIS RETIREMENT INCOME PLAN 2016 401k membership
Market value of plan assets2016-12-311,337,895
Acturial value of plan assets2016-12-311,337,895
Funding target for retired participants and beneficiaries receiving payment2016-12-31444,193
Number of terminated vested participants2016-12-318
Fundng target for terminated vested participants2016-12-31123,659
Active participant vested funding target2016-12-31715,628
Number of active participants2016-12-3115
Total funding liabilities for active participants2016-12-31715,628
Total participant count2016-12-3128
Total funding target for all participants2016-12-311,283,480
Balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3195,279
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31101,224
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 year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31150,000
Total employee contributions2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31143,459
Unpaid minimum required contributions for all prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-310
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
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 year2016-12-31143,459
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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