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RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 401k Plan overview

Plan NameRETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION
Plan identification number 001

RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 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).

401k Sponsoring company profile

FIRST DISTRICT ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:FIRST DISTRICT ASSOCIATION
Employer identification number (EIN):410255940
NAIC Classification:115110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01MICHELLE WILLIAMS-COX2023-10-13 MICHELLE WILLIAMS-COX2023-10-13
0012021-01-01MICHELLE WILLIAMS-COX2022-12-19 MICHELLE WILLIAMS-COX2022-12-19
0012020-01-01MICHELLE WILLIAMS-COX2021-10-14 MICHELLE WILLIAMS-COX2021-10-14
0012019-01-01ERIC JOHNSON2020-06-30 ERIC JOHNSON2020-06-30
0012018-01-01ERIC JOHNSON2019-06-12 ERIC JOHNSON2019-06-12
0012017-01-01DEAN GRABOW2018-09-25 DEAN GRABOW2018-09-25
0012016-01-01DEAN GRABOW2017-10-11 DEAN GRABOW2017-10-11
0012015-01-01DEAN GRABOW2016-09-28 DEAN GRABOW2016-09-28
0012014-01-01DEAN GRABOW2015-09-29 DEAN GRABOW2015-09-29
0012013-01-01DEAN GRABOW2014-06-30 DEAN GRABOW2014-06-30
0012012-01-01DEAN GRABOW2013-07-15 DEAN GRABOW2013-07-15
0012011-01-01DEAN GRABOW2012-09-14
0012010-01-01DEAN GRABOW2011-09-19

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 2022 401k membership
Market value of plan assets2022-12-3124,010,624
Acturial value of plan assets2022-12-3124,010,624
Funding target for retired participants and beneficiaries receiving payment2022-12-319,189,471
Number of terminated vested participants2022-12-3115
Fundng target for terminated vested participants2022-12-311,514,665
Active participant vested funding target2022-12-315,394,942
Number of active participants2022-12-3114
Total funding liabilities for active participants2022-12-315,394,942
Total participant count2022-12-3172
Total funding target for all participants2022-12-3116,099,078
Balance at beginning of prior year after applicable adjustments2022-12-314,092,176
Prefunding balance at beginning of prior year after applicable adjustments2022-12-312,570,781
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-314,092,176
Amount remaining of prefunding balance2022-12-312,570,781
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-314,566,868
Balance of prefunding at beginning of current year2022-12-312,868,992
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31188,458
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 2021 401k membership
Market value of plan assets2021-12-3125,902,942
Acturial value of plan assets2021-12-3125,902,942
Funding target for retired participants and beneficiaries receiving payment2021-12-319,201,646
Number of terminated vested participants2021-12-3119
Fundng target for terminated vested participants2021-12-312,648,528
Active participant vested funding target2021-12-316,286,779
Number of active participants2021-12-3117
Total funding liabilities for active participants2021-12-316,286,779
Total participant count2021-12-3179
Total funding target for all participants2021-12-3118,136,953
Balance at beginning of prior year after applicable adjustments2021-12-313,803,953
Prefunding balance at beginning of prior year after applicable adjustments2021-12-312,221,361
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-31267,985
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-313,535,968
Amount remaining of prefunding balance2021-12-312,221,361
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-314,092,176
Balance of prefunding at beginning of current year2021-12-312,570,781
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-31202,917
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 year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 2020 401k membership
Market value of plan assets2020-12-3124,893,734
Acturial value of plan assets2020-12-3124,893,734
Funding target for retired participants and beneficiaries receiving payment2020-12-319,803,465
Number of terminated vested participants2020-12-3117
Fundng target for terminated vested participants2020-12-311,677,908
Active participant vested funding target2020-12-317,940,607
Number of active participants2020-12-3121
Total funding liabilities for active participants2020-12-317,940,607
Total participant count2020-12-3182
Total funding target for all participants2020-12-3119,421,980
Balance at beginning of prior year after applicable adjustments2020-12-313,536,275
Prefunding balance at beginning of prior year after applicable adjustments2020-12-311,880,597
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-31315,861
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-313,220,414
Amount remaining of prefunding balance2020-12-311,880,597
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-313,803,953
Balance of prefunding at beginning of current year2020-12-312,221,361
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-31267,985
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31267,985
Carryover balance elected to use to offset funding requirement2020-12-31267,985
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 2019 401k membership
Market value of plan assets2019-12-3121,855,166
Acturial value of plan assets2019-12-3121,855,166
Funding target for retired participants and beneficiaries receiving payment2019-12-318,984,615
Number of terminated vested participants2019-12-3117
Fundng target for terminated vested participants2019-12-311,411,067
Active participant vested funding target2019-12-318,012,475
Number of active participants2019-12-3123
Total funding liabilities for active participants2019-12-318,012,475
Total participant count2019-12-3183
Total funding target for all participants2019-12-3118,408,157
Balance at beginning of prior year after applicable adjustments2019-12-313,652,422
Prefunding balance at beginning of prior year after applicable adjustments2019-12-311,942,364
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 balance2019-12-313,652,422
Amount remaining of prefunding balance2019-12-311,942,364
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Balance of carryovers at beginning of current year2019-12-313,536,275
Balance of prefunding at beginning of current year2019-12-311,880,597
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-31315,861
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31315,861
Carryover balance elected to use to offset funding requirement2019-12-31315,861
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 2018 401k membership
Market value of plan assets2018-12-3123,382,886
Acturial value of plan assets2018-12-3123,382,886
Funding target for retired participants and beneficiaries receiving payment2018-12-318,022,781
Number of terminated vested participants2018-12-3117
Fundng target for terminated vested participants2018-12-311,295,287
Active participant vested funding target2018-12-318,138,555
Number of active participants2018-12-3125
Total funding liabilities for active participants2018-12-318,138,555
Total participant count2018-12-3184
Total funding target for all participants2018-12-3117,456,623
Balance at beginning of prior year after applicable adjustments2018-12-313,154,078
Prefunding balance at beginning of prior year after applicable adjustments2018-12-311,677,344
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 balance2018-12-313,154,078
Amount remaining of prefunding balance2018-12-311,677,344
Present value of excess contributions2018-12-31208,224
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31220,593
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 year2018-12-313,652,422
Balance of prefunding at beginning of current year2018-12-311,942,364
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31317,181
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 year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 2017 401k membership
Market value of plan assets2017-12-3120,704,616
Acturial value of plan assets2017-12-3120,704,616
Funding target for retired participants and beneficiaries receiving payment2017-12-316,696,463
Number of terminated vested participants2017-12-3118
Fundng target for terminated vested participants2017-12-311,161,130
Active participant vested funding target2017-12-317,683,924
Number of active participants2017-12-3143
Total funding liabilities for active participants2017-12-317,683,924
Total participant count2017-12-3186
Total funding target for all participants2017-12-3115,541,517
Balance at beginning of prior year after applicable adjustments2017-12-313,582,617
Prefunding balance at beginning of prior year after applicable adjustments2017-12-311,399,439
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 balance2017-12-313,582,617
Amount remaining of prefunding balance2017-12-311,399,439
Present value of excess contributions2017-12-31170,046
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31180,504
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31180,504
Reductions in caryover balances due to elections or deemed elections2017-12-31677,889
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-313,154,078
Balance of prefunding at beginning of current year2017-12-311,677,344
Total employer contributions2017-12-31210,932
Total employee contributions2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31208,224
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 cost2017-12-31331,677
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 year2017-12-31208,224
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: RETIREMENT PLAN FOR EMPLOYEES OF FIRST DISTRICT ASSOCIATION 2016 401k membership
Market value of plan assets2016-12-3119,551,335
Acturial value of plan assets2016-12-3119,551,335
Funding target for retired participants and beneficiaries receiving payment2016-12-317,292,188
Number of terminated vested participants2016-12-3119
Fundng target for terminated vested participants2016-12-311,086,966
Active participant vested funding target2016-12-316,779,297
Number of active participants2016-12-3126
Total funding liabilities for active participants2016-12-316,779,297
Total participant count2016-12-3187
Total funding target for all participants2016-12-3115,158,451
Balance at beginning of prior year after applicable adjustments2016-12-313,603,155
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31925,887
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 balance2016-12-313,603,155
Amount remaining of prefunding balance2016-12-31925,887
Present value of excess contributions2016-12-31450,324
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31478,830
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31478,830
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 year2016-12-313,582,617
Balance of prefunding at beginning of current year2016-12-311,399,439
Total employer contributions2016-12-31517,415
Total employee contributions2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31501,481
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 cost2016-12-31331,435
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31331,435
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31331,435
Contributions allocatedtoward minimum required contributions for current year2016-12-31501,481
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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