401k Plan data: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN plan

CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 401k Plan overview

Plan Name	CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN
Plan identification number	003

CITIZENS NATIONAL BANK EMPLOYEES' 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).
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).

401k Sponsoring company profile

CITIZENS NATIONAL BANK OF CHEBOYGAN has sponsored the creation of one or more 401k plans.

Company Name: CITIZENS NATIONAL BANK OF CHEBOYGAN

Employer identification number (EIN): 380421765

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2019-01-01 MATTHEW KEENE 2020-04-30 MATTHEW KEENE 2020-04-30
003 2018-01-01 MATTHEW KEENE 2019-04-16 MATTHEW KEENE 2019-04-16
003 2017-01-01 TRISHA DOBIAS 2018-03-06 TRISHA DOBIAS 2018-03-06
003 2016-01-01 TRISHA DOBIAS 2017-04-14 TRISHA DOBIAS 2017-04-14
003 2015-01-01
003 2014-01-01
003 2013-01-01
003 2012-01-01 SUSAN A. ENO 2013-03-20 SUSAN A. ENO 2013-03-20
003 2011-01-01 SUSAN A. ENO 2012-03-29 SUSAN A. ENO 2012-03-29
003 2010-01-01 DAVID NADEAU 2011-03-04
003 2009-01-01 DAVID NADEAU

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2019-01-01	MATTHEW KEENE	2020-04-30	MATTHEW KEENE	2020-04-30
003	2018-01-01	MATTHEW KEENE	2019-04-16	MATTHEW KEENE	2019-04-16
003	2017-01-01	TRISHA DOBIAS	2018-03-06	TRISHA DOBIAS	2018-03-06
003	2016-01-01	TRISHA DOBIAS	2017-04-14	TRISHA DOBIAS	2017-04-14
003	2015-01-01
003	2014-01-01
003	2013-01-01
003	2012-01-01	SUSAN A. ENO	2013-03-20	SUSAN A. ENO	2013-03-20
003	2011-01-01	SUSAN A. ENO	2012-03-29	SUSAN A. ENO	2012-03-29
003	2010-01-01	DAVID NADEAU	2011-03-04
003	2009-01-01	DAVID NADEAU

Plan Statistics for CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN

401k plan membership statisitcs for CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN

Measure Date Value
2019: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-13 3,629,496
Acturial value of plan assets 2019-12-13 3,629,496
Funding target for retired participants and beneficiaries receiving payment 2019-12-13 811,980
Number of terminated vested participants 2019-12-13 13
Fundng target for terminated vested participants 2019-12-13 353,787
Active participant vested funding target 2019-12-13 1,746,762
Number of active participants 2019-12-13 21
Total funding liabilities for active participants 2019-12-13 1,746,762
Total participant count 2019-12-13 44
Total funding target for all participants 2019-12-13 2,912,529
Balance at beginning of prior year after applicable adjustments 2019-12-13 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-13 1,482,878
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-13 0
Prefunding balanced used to offset prior years funding requirement 2019-12-13 0
Amount remaining of carryover balance 2019-12-13 0
Amount remaining of prefunding balance 2019-12-13 1,482,878
Present value of excess contributions 2019-12-13 416,180
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-13 440,360
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-13 440,360
Reductions in caryover balances due to elections or deemed elections 2019-12-13 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-13 0
Balance of carryovers at beginning of current year 2019-12-13 0
Balance of prefunding at beginning of current year 2019-12-13 1,852,208
Total employer contributions 2019-12-13 700,591
Total employee contributions 2019-12-13 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-13 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-13 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-13 666,847
Liquidity shortfalls end of Q1 2019-12-13 0
Liquidity shortfalls end of Q2 2019-12-13 0
Liquidity shortfalls end of Q3 2019-12-13 0
Liquidity shortfalls end of Q4 2019-12-13 0
Unpaid minimum required contributions for all prior years 2019-12-13 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-13 0
Remaining amount of unpaid minimum required contributions 2019-12-13 0
Minimum required contributions for current year target normal cost 2019-12-13 3,616
Net shortfall amortization installment of oustanding balance 2019-12-13 0
Waiver amortization installment 2019-12-13 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-13 3,616
Carryover balance elected to use to offset funding requirement 2019-12-13 0
Prefunding balance elected to use to offset funding requirement 2019-12-13 0
Additional cash requirement 2019-12-13 3,616
Contributions allocatedtoward minimum required contributions for current year 2019-12-13 666,847
Unpaid minimum required contributions for current year 2019-12-13 0
Unpaid minimum required contributions for all years 2019-12-13 0
2018: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 5,776,588
Acturial value of plan assets 2018-12-31 5,776,588
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 510,459
Number of terminated vested participants 2018-12-31 15
Fundng target for terminated vested participants 2018-12-31 462,456
Active participant vested funding target 2018-12-31 3,405,045
Number of active participants 2018-12-31 29
Total funding liabilities for active participants 2018-12-31 3,405,045
Total participant count 2018-12-31 52
Total funding target for all participants 2018-12-31 4,377,960
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 415,323
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 2018-12-31 415,323
Present value of excess contributions 2018-12-31 968,991
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 1,027,227
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 1,027,227
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 1,482,878
Total employer contributions 2018-12-31 700,000
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 2018-12-31 684,576
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 2018-12-31 268,396
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 2018-12-31 268,396
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 2018-12-31 268,396
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 684,576
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 4,769,882
Acturial value of plan assets 2017-12-31 4,769,882
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 715,212
Number of terminated vested participants 2017-12-31 14
Fundng target for terminated vested participants 2017-12-31 436,726
Active participant vested funding target 2017-12-31 2,829,496
Number of active participants 2017-12-31 34
Total funding liabilities for active participants 2017-12-31 2,829,496
Total participant count 2017-12-31 58
Total funding target for all participants 2017-12-31 3,981,434
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 387,645
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 387,645
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
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 2017-12-31 415,323
Total employer contributions 2017-12-31 1,000,000
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 2017-12-31 968,991
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 2017-12-31 266,431
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
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 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 968,991
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 5,440,611
Acturial value of plan assets 2016-12-31 5,440,611
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 700,564
Number of terminated vested participants 2016-12-31 10
Fundng target for terminated vested participants 2016-12-31 811,006
Active participant vested funding target 2016-12-31 2,517,611
Number of active participants 2016-12-31 41
Total funding liabilities for active participants 2016-12-31 2,517,611
Total participant count 2016-12-31 60
Total funding target for all participants 2016-12-31 4,029,181
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 393,948
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 393,948
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
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 2016-12-31 387,645
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 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 2016-12-31 240,444
Net shortfall amortization installment of oustanding balance 2016-12-31 0
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 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
2009: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 102
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 76
Number of retired or separated participants receiving benefits 2009-01-01 10
Number of other retired or separated participants entitled to future benefits 2009-01-01 17
Total of all active and inactive participants 2009-01-01 103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 2

Measure	Date	Value
2019: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-13	3,629,496
Acturial value of plan assets	2019-12-13	3,629,496
Funding target for retired participants and beneficiaries receiving payment	2019-12-13	811,980
Number of terminated vested participants	2019-12-13	13
Fundng target for terminated vested participants	2019-12-13	353,787
Active participant vested funding target	2019-12-13	1,746,762
Number of active participants	2019-12-13	21
Total funding liabilities for active participants	2019-12-13	1,746,762
Total participant count	2019-12-13	44
Total funding target for all participants	2019-12-13	2,912,529
Balance at beginning of prior year after applicable adjustments	2019-12-13	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-13	1,482,878
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-13	0
Prefunding balanced used to offset prior years funding requirement	2019-12-13	0
Amount remaining of carryover balance	2019-12-13	0
Amount remaining of prefunding balance	2019-12-13	1,482,878
Present value of excess contributions	2019-12-13	416,180
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-13	440,360
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-13	440,360
Reductions in caryover balances due to elections or deemed elections	2019-12-13	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-13	0
Balance of carryovers at beginning of current year	2019-12-13	0
Balance of prefunding at beginning of current year	2019-12-13	1,852,208
Total employer contributions	2019-12-13	700,591
Total employee contributions	2019-12-13	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-13	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-13	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-13	666,847
Liquidity shortfalls end of Q1	2019-12-13	0
Liquidity shortfalls end of Q2	2019-12-13	0
Liquidity shortfalls end of Q3	2019-12-13	0
Liquidity shortfalls end of Q4	2019-12-13	0
Unpaid minimum required contributions for all prior years	2019-12-13	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-13	0
Remaining amount of unpaid minimum required contributions	2019-12-13	0
Minimum required contributions for current year target normal cost	2019-12-13	3,616
Net shortfall amortization installment of oustanding balance	2019-12-13	0
Waiver amortization installment	2019-12-13	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-13	3,616
Carryover balance elected to use to offset funding requirement	2019-12-13	0
Prefunding balance elected to use to offset funding requirement	2019-12-13	0
Additional cash requirement	2019-12-13	3,616
Contributions allocatedtoward minimum required contributions for current year	2019-12-13	666,847
Unpaid minimum required contributions for current year	2019-12-13	0
Unpaid minimum required contributions for all years	2019-12-13	0
2018: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	5,776,588
Acturial value of plan assets	2018-12-31	5,776,588
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	510,459
Number of terminated vested participants	2018-12-31	15
Fundng target for terminated vested participants	2018-12-31	462,456
Active participant vested funding target	2018-12-31	3,405,045
Number of active participants	2018-12-31	29
Total funding liabilities for active participants	2018-12-31	3,405,045
Total participant count	2018-12-31	52
Total funding target for all participants	2018-12-31	4,377,960
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	415,323
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	415,323
Present value of excess contributions	2018-12-31	968,991
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	1,027,227
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	1,027,227
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	1,482,878
Total employer contributions	2018-12-31	700,000
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	684,576
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	268,396
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	268,396
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	268,396
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	684,576
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	4,769,882
Acturial value of plan assets	2017-12-31	4,769,882
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	715,212
Number of terminated vested participants	2017-12-31	14
Fundng target for terminated vested participants	2017-12-31	436,726
Active participant vested funding target	2017-12-31	2,829,496
Number of active participants	2017-12-31	34
Total funding liabilities for active participants	2017-12-31	2,829,496
Total participant count	2017-12-31	58
Total funding target for all participants	2017-12-31	3,981,434
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	387,645
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	387,645
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
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	415,323
Total employer contributions	2017-12-31	1,000,000
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	968,991
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	266,431
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
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	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	968,991
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	5,440,611
Acturial value of plan assets	2016-12-31	5,440,611
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	700,564
Number of terminated vested participants	2016-12-31	10
Fundng target for terminated vested participants	2016-12-31	811,006
Active participant vested funding target	2016-12-31	2,517,611
Number of active participants	2016-12-31	41
Total funding liabilities for active participants	2016-12-31	2,517,611
Total participant count	2016-12-31	60
Total funding target for all participants	2016-12-31	4,029,181
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	393,948
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	393,948
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
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	387,645
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	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	240,444
Net shortfall amortization installment of oustanding balance	2016-12-31	0
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	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
2009: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	102
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	76
Number of retired or separated participants receiving benefits	2009-01-01	10
Number of other retired or separated participants entitled to future benefits	2009-01-01	17
Total of all active and inactive participants	2009-01-01	103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	2

Financial Data on CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN

Measure	Date	Value
2009 : CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN

2009: CITIZENS NATIONAL BANK EMPLOYEES' PENSION PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CITIZENS NATIONAL BANK OF CHEBOYGAN
Employer identification number (EIN):	380421765
NAIC Classification:	522110
NAIC Description:	Commercial Banking