401k Plan data: BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN plan

BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN
Plan identification number	001

BEST HOMETOWN BANK DEFINED BENEFIT PENSION 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).
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

BEST HOMETOWN BANK has sponsored the creation of one or more 401k plans.

Company Name: BEST HOMETOWN BANK

Employer identification number (EIN): 370331310

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-10-15 GARY HEMMER 2020-06-22
001 2017-10-15 RONNIE SHAMBAUGH 2019-05-08
001 2016-10-15 RONNIE SHAMBAUGH 2018-05-07
001 2015-10-15 RONNIE SHAMBAUGH 2017-03-14
001 2014-10-15 RONNIE SHAMBAUGH 2016-06-23
001 2013-10-15 RONNIE SHAMBAUGH 2015-07-30
001 2012-10-15 RONNIE SHAMBAUGH 2014-08-29
001 2011-10-15 RONNIE SHAMBAUGH 2013-10-10
001 2010-10-15 NANCY LOCHMANN 2012-08-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2018-10-15	GARY HEMMER	2020-06-22
001	2017-10-15	RONNIE SHAMBAUGH	2019-05-08
001	2016-10-15	RONNIE SHAMBAUGH	2018-05-07
001	2015-10-15	RONNIE SHAMBAUGH	2017-03-14
001	2014-10-15	RONNIE SHAMBAUGH	2016-06-23
001	2013-10-15	RONNIE SHAMBAUGH	2015-07-30
001	2012-10-15	RONNIE SHAMBAUGH	2014-08-29
001	2011-10-15	RONNIE SHAMBAUGH	2013-10-10
001	2010-10-15	NANCY LOCHMANN	2012-08-14

Plan Statistics for BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN

Measure Date Value
2019: BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-10-14 2,078,991
Acturial value of plan assets 2019-10-14 2,078,991
Funding target for retired participants and beneficiaries receiving payment 2019-10-14 1,634,973
Number of terminated vested participants 2019-10-14 0
Fundng target for terminated vested participants 2019-10-14 0
Active participant vested funding target 2019-10-14 420,515
Number of active participants 2019-10-14 5
Total funding liabilities for active participants 2019-10-14 420,515
Total participant count 2019-10-14 7
Total funding target for all participants 2019-10-14 2,055,488
Balance at beginning of prior year after applicable adjustments 2019-10-14 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-10-14 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-10-14 0
Prefunding balanced used to offset prior years funding requirement 2019-10-14 0
Amount remaining of carryover balance 2019-10-14 0
Amount remaining of prefunding balance 2019-10-14 0
Present value of excess contributions 2019-10-14 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-10-14 0
Balance of carryovers at beginning of current year 2019-10-14 0
Balance of prefunding at beginning of current year 2019-10-14 0
Total employer contributions 2019-10-14 0
Total employee contributions 2019-10-14 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-10-14 0
Contributions made to avoid restrictions adjusted to valuation date 2019-10-14 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-10-14 0
Unpaid minimum required contributions for all prior years 2019-10-14 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-10-14 0
Remaining amount of unpaid minimum required contributions 2019-10-14 0
Minimum required contributions for current year target normal cost 2019-10-14 0
Net shortfall amortization installment of oustanding balance 2019-10-14 0
Total funding amount beforereflecting carryover/prefunding balances 2019-10-14 0
Carryover balance elected to use to offset funding requirement 2019-10-14 0
Prefunding balance elected to use to offset funding requirement 2019-10-14 0
Additional cash requirement 2019-10-14 0
Contributions allocatedtoward minimum required contributions for current year 2019-10-14 0
Unpaid minimum required contributions for current year 2019-10-14 0
Unpaid minimum required contributions for all years 2019-10-14 0
2018: BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-10-14 3,225,452
Acturial value of plan assets 2018-10-14 3,225,452
Funding target for retired participants and beneficiaries receiving payment 2018-10-14 2,371,993
Number of terminated vested participants 2018-10-14 0
Fundng target for terminated vested participants 2018-10-14 0
Active participant vested funding target 2018-10-14 369,711
Number of active participants 2018-10-14 6
Total funding liabilities for active participants 2018-10-14 373,469
Total participant count 2018-10-14 9
Total funding target for all participants 2018-10-14 2,745,462
Balance at beginning of prior year after applicable adjustments 2018-10-14 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-10-14 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-10-14 0
Prefunding balanced used to offset prior years funding requirement 2018-10-14 0
Amount remaining of carryover balance 2018-10-14 0
Amount remaining of prefunding balance 2018-10-14 0
Present value of excess contributions 2018-10-14 553,583
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-10-14 585,912
Balance of carryovers at beginning of current year 2018-10-14 0
Balance of prefunding at beginning of current year 2018-10-14 0
Total employer contributions 2018-10-14 0
Total employee contributions 2018-10-14 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-10-14 0
Contributions made to avoid restrictions adjusted to valuation date 2018-10-14 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-10-14 0
Unpaid minimum required contributions for all prior years 2018-10-14 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-10-14 0
Remaining amount of unpaid minimum required contributions 2018-10-14 0
Minimum required contributions for current year target normal cost 2018-10-14 0
Net shortfall amortization installment of oustanding balance 2018-10-14 0
Total funding amount beforereflecting carryover/prefunding balances 2018-10-14 0
Carryover balance elected to use to offset funding requirement 2018-10-14 0
Prefunding balance elected to use to offset funding requirement 2018-10-14 0
Additional cash requirement 2018-10-14 0
Contributions allocatedtoward minimum required contributions for current year 2018-10-14 0
Unpaid minimum required contributions for current year 2018-10-14 0
Unpaid minimum required contributions for all years 2018-10-14 0
2017: BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-10-14 2,549,909
Acturial value of plan assets 2017-10-14 2,549,909
Funding target for retired participants and beneficiaries receiving payment 2017-10-14 2,411,160
Number of terminated vested participants 2017-10-14 0
Fundng target for terminated vested participants 2017-10-14 0
Active participant vested funding target 2017-10-14 336,216
Number of active participants 2017-10-14 6
Total funding liabilities for active participants 2017-10-14 336,216
Total participant count 2017-10-14 9
Total funding target for all participants 2017-10-14 2,747,376
Balance at beginning of prior year after applicable adjustments 2017-10-14 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-10-14 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-10-14 0
Prefunding balanced used to offset prior years funding requirement 2017-10-14 0
Amount remaining of carryover balance 2017-10-14 0
Amount remaining of prefunding balance 2017-10-14 0
Present value of excess contributions 2017-10-14 76,843
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-10-14 81,492
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-10-14 0
Reductions in caryover balances due to elections or deemed elections 2017-10-14 0
Reductions in prefunding balances due to elections or deemed elections 2017-10-14 0
Balance of carryovers at beginning of current year 2017-10-14 0
Balance of prefunding at beginning of current year 2017-10-14 0
Total employer contributions 2017-10-14 668,789
Total employee contributions 2017-10-14 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-10-14 0
Contributions made to avoid restrictions adjusted to valuation date 2017-10-14 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-10-14 619,167
Unpaid minimum required contributions for all prior years 2017-10-14 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-10-14 0
Remaining amount of unpaid minimum required contributions 2017-10-14 0
Minimum required contributions for current year target normal cost 2017-10-14 0
Net shortfall amortization installment of oustanding balance 2017-10-14 197,467
Total funding amount beforereflecting carryover/prefunding balances 2017-10-14 65,584
Carryover balance elected to use to offset funding requirement 2017-10-14 0
Prefunding balance elected to use to offset funding requirement 2017-10-14 0
Additional cash requirement 2017-10-14 65,584
Contributions allocatedtoward minimum required contributions for current year 2017-10-14 619,167
Unpaid minimum required contributions for current year 2017-10-14 0
Unpaid minimum required contributions for all years 2017-10-14 0

Measure	Date	Value
2019: BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-10-14	2,078,991
Acturial value of plan assets	2019-10-14	2,078,991
Funding target for retired participants and beneficiaries receiving payment	2019-10-14	1,634,973
Number of terminated vested participants	2019-10-14	0
Fundng target for terminated vested participants	2019-10-14	0
Active participant vested funding target	2019-10-14	420,515
Number of active participants	2019-10-14	5
Total funding liabilities for active participants	2019-10-14	420,515
Total participant count	2019-10-14	7
Total funding target for all participants	2019-10-14	2,055,488
Balance at beginning of prior year after applicable adjustments	2019-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-10-14	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-10-14	0
Prefunding balanced used to offset prior years funding requirement	2019-10-14	0
Amount remaining of carryover balance	2019-10-14	0
Amount remaining of prefunding balance	2019-10-14	0
Present value of excess contributions	2019-10-14	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-10-14	0
Balance of carryovers at beginning of current year	2019-10-14	0
Balance of prefunding at beginning of current year	2019-10-14	0
Total employer contributions	2019-10-14	0
Total employee contributions	2019-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2019-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-10-14	0
Unpaid minimum required contributions for all prior years	2019-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-10-14	0
Remaining amount of unpaid minimum required contributions	2019-10-14	0
Minimum required contributions for current year target normal cost	2019-10-14	0
Net shortfall amortization installment of oustanding balance	2019-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2019-10-14	0
Carryover balance elected to use to offset funding requirement	2019-10-14	0
Prefunding balance elected to use to offset funding requirement	2019-10-14	0
Additional cash requirement	2019-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2019-10-14	0
Unpaid minimum required contributions for current year	2019-10-14	0
Unpaid minimum required contributions for all years	2019-10-14	0
2018: BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-10-14	3,225,452
Acturial value of plan assets	2018-10-14	3,225,452
Funding target for retired participants and beneficiaries receiving payment	2018-10-14	2,371,993
Number of terminated vested participants	2018-10-14	0
Fundng target for terminated vested participants	2018-10-14	0
Active participant vested funding target	2018-10-14	369,711
Number of active participants	2018-10-14	6
Total funding liabilities for active participants	2018-10-14	373,469
Total participant count	2018-10-14	9
Total funding target for all participants	2018-10-14	2,745,462
Balance at beginning of prior year after applicable adjustments	2018-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-10-14	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-10-14	0
Prefunding balanced used to offset prior years funding requirement	2018-10-14	0
Amount remaining of carryover balance	2018-10-14	0
Amount remaining of prefunding balance	2018-10-14	0
Present value of excess contributions	2018-10-14	553,583
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-10-14	585,912
Balance of carryovers at beginning of current year	2018-10-14	0
Balance of prefunding at beginning of current year	2018-10-14	0
Total employer contributions	2018-10-14	0
Total employee contributions	2018-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2018-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-10-14	0
Unpaid minimum required contributions for all prior years	2018-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-10-14	0
Remaining amount of unpaid minimum required contributions	2018-10-14	0
Minimum required contributions for current year target normal cost	2018-10-14	0
Net shortfall amortization installment of oustanding balance	2018-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2018-10-14	0
Carryover balance elected to use to offset funding requirement	2018-10-14	0
Prefunding balance elected to use to offset funding requirement	2018-10-14	0
Additional cash requirement	2018-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2018-10-14	0
Unpaid minimum required contributions for current year	2018-10-14	0
Unpaid minimum required contributions for all years	2018-10-14	0
2017: BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-10-14	2,549,909
Acturial value of plan assets	2017-10-14	2,549,909
Funding target for retired participants and beneficiaries receiving payment	2017-10-14	2,411,160
Number of terminated vested participants	2017-10-14	0
Fundng target for terminated vested participants	2017-10-14	0
Active participant vested funding target	2017-10-14	336,216
Number of active participants	2017-10-14	6
Total funding liabilities for active participants	2017-10-14	336,216
Total participant count	2017-10-14	9
Total funding target for all participants	2017-10-14	2,747,376
Balance at beginning of prior year after applicable adjustments	2017-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-10-14	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-10-14	0
Prefunding balanced used to offset prior years funding requirement	2017-10-14	0
Amount remaining of carryover balance	2017-10-14	0
Amount remaining of prefunding balance	2017-10-14	0
Present value of excess contributions	2017-10-14	76,843
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-10-14	81,492
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-10-14	0
Reductions in caryover balances due to elections or deemed elections	2017-10-14	0
Reductions in prefunding balances due to elections or deemed elections	2017-10-14	0
Balance of carryovers at beginning of current year	2017-10-14	0
Balance of prefunding at beginning of current year	2017-10-14	0
Total employer contributions	2017-10-14	668,789
Total employee contributions	2017-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2017-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-10-14	619,167
Unpaid minimum required contributions for all prior years	2017-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-10-14	0
Remaining amount of unpaid minimum required contributions	2017-10-14	0
Minimum required contributions for current year target normal cost	2017-10-14	0
Net shortfall amortization installment of oustanding balance	2017-10-14	197,467
Total funding amount beforereflecting carryover/prefunding balances	2017-10-14	65,584
Carryover balance elected to use to offset funding requirement	2017-10-14	0
Prefunding balance elected to use to offset funding requirement	2017-10-14	0
Additional cash requirement	2017-10-14	65,584
Contributions allocatedtoward minimum required contributions for current year	2017-10-14	619,167
Unpaid minimum required contributions for current year	2017-10-14	0
Unpaid minimum required contributions for all years	2017-10-14	0

Potentially related plans

BEST HOMETOWN BANK DEFINED BENEFIT PENSION PLAN [EIN = 370573575]

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Company Name:	BEST HOMETOWN BANK
Employer identification number (EIN):	370331310
NAIC Classification:	522120
NAIC Description:	Savings Institutions