401k Plan data: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN plan

FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 401k Plan overview

Plan Name	FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN
Plan identification number	001

FIRST WESTERN BANK & TRUST 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).
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

FIRST WESTERN BANK & TRUST has sponsored the creation of one or more 401k plans.

Company Name: FIRST WESTERN BANK & TRUST

Employer identification number (EIN): 450279825

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 BRENDA FOSTER 2022-11-07
001 2021-01-01 BRENDA FOSTER 2022-04-18
001 2020-01-01 BRENDA FOSTER 2021-07-27 BRENDA FOSTER 2021-07-27
001 2020-01-01 BRENDA FOSTER 2021-07-27 BRENDA FOSTER 2021-07-27
001 2019-01-01 BRENDA FOSTER 2020-07-27 BRENDA FOSTER 2020-07-27
001 2018-01-01 BRENDA FOSTER 2019-07-21 BRENDA FOSTER 2019-07-21
001 2017-01-01 BRENDA FOSTER 2018-04-28 BRENDA FOSTER 2018-04-28
001 2016-01-01 BRENDA FOSTER 2017-07-25 BRENDA FOSTER 2017-07-25
001 2015-01-01 BRENDA FOSTER 2016-04-10 BRENDA FOSTER 2016-04-10
001 2014-01-01 BRENDA FOSTER 2015-07-24 BRENDA FOSTER 2015-07-24
001 2013-01-01 BRENDA FOSTER 2014-06-30 BRENDA FOSTER 2014-06-30
001 2012-01-01 BRENDA FOSTER 2013-05-06 BRENDA FOSTER 2013-05-06
001 2011-01-01 RICHARD ANDERSON 2012-06-04 RICHARD ANDERSON 2012-06-04
001 2010-01-01 RICHARD ANDERSON 2011-05-16 RICHARD ANDERSON 2011-05-16

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	BRENDA FOSTER	2022-11-07
001	2021-01-01	BRENDA FOSTER	2022-04-18
001	2020-01-01	BRENDA FOSTER	2021-07-27	BRENDA FOSTER	2021-07-27
001	2020-01-01	BRENDA FOSTER	2021-07-27	BRENDA FOSTER	2021-07-27
001	2019-01-01	BRENDA FOSTER	2020-07-27	BRENDA FOSTER	2020-07-27
001	2018-01-01	BRENDA FOSTER	2019-07-21	BRENDA FOSTER	2019-07-21
001	2017-01-01	BRENDA FOSTER	2018-04-28	BRENDA FOSTER	2018-04-28
001	2016-01-01	BRENDA FOSTER	2017-07-25	BRENDA FOSTER	2017-07-25
001	2015-01-01	BRENDA FOSTER	2016-04-10	BRENDA FOSTER	2016-04-10
001	2014-01-01	BRENDA FOSTER	2015-07-24	BRENDA FOSTER	2015-07-24
001	2013-01-01	BRENDA FOSTER	2014-06-30	BRENDA FOSTER	2014-06-30
001	2012-01-01	BRENDA FOSTER	2013-05-06	BRENDA FOSTER	2013-05-06
001	2011-01-01	RICHARD ANDERSON	2012-06-04	RICHARD ANDERSON	2012-06-04
001	2010-01-01	RICHARD ANDERSON	2011-05-16	RICHARD ANDERSON	2011-05-16

Plan Statistics for FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN

401k plan membership statisitcs for FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN

Measure Date Value
2022: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2022 401k membership
Market value of plan assets 2022-10-03 12,683,556
Acturial value of plan assets 2022-10-03 12,683,556
Funding target for retired participants and beneficiaries receiving payment 2022-10-03 149,560
Number of terminated vested participants 2022-10-03 15
Fundng target for terminated vested participants 2022-10-03 774,531
Active participant vested funding target 2022-10-03 7,887,414
Number of active participants 2022-10-03 83
Total funding liabilities for active participants 2022-10-03 7,887,414
Total participant count 2022-10-03 100
Total funding target for all participants 2022-10-03 8,811,505
Balance at beginning of prior year after applicable adjustments 2022-10-03 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-10-03 1,028,868
Amount remaining of carryover balance 2022-10-03 0
Amount remaining of prefunding balance 2022-10-03 1,028,868
Present value of excess contributions 2022-10-03 1,247,290
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-10-03 1,310,902
Reductions in caryover balances due to elections or deemed elections 2022-10-03 0
Reductions in prefunding balances due to elections or deemed elections 2022-10-03 0
Balance of carryovers at beginning of current year 2022-10-03 0
Balance of prefunding at beginning of current year 2022-10-03 1,190,297
Total employer contributions 2022-10-03 2,266,756
Total employee contributions 2022-10-03 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-10-03 0
Contributions made to avoid restrictions adjusted to valuation date 2022-10-03 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-10-03 2,200,016
Unpaid minimum required contributions for all prior years 2022-10-03 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-10-03 0
Remaining amount of unpaid minimum required contributions 2022-10-03 0
Minimum required contributions for current year target normal cost 2022-10-03 57,094
Net shortfall amortization installment of oustanding balance 2022-10-03 0
Waiver amortization installment 2022-10-03 0
Total funding amount beforereflecting carryover/prefunding balances 2022-10-03 0
Additional cash requirement 2022-10-03 0
Contributions allocatedtoward minimum required contributions for current year 2022-10-03 2,200,016
Unpaid minimum required contributions for current year 2022-10-03 0
Unpaid minimum required contributions for all years 2022-10-03 0
2021: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 11,966,090
Acturial value of plan assets 2021-12-31 11,966,090
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 164,467
Number of terminated vested participants 2021-12-31 8
Fundng target for terminated vested participants 2021-12-31 472,746
Active participant vested funding target 2021-12-31 9,181,257
Number of active participants 2021-12-31 96
Total funding liabilities for active participants 2021-12-31 9,285,506
Total participant count 2021-12-31 106
Total funding target for all participants 2021-12-31 9,922,719
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 967,345
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 967,345
Present value of excess contributions 2021-12-31 1,095,666
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 1,156,475
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 1,028,868
Total employer contributions 2021-12-31 1,280,500
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 1,247,290
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 773,820
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 1,247,290
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 10,945,493
Acturial value of plan assets 2020-12-31 10,945,493
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 171,773
Number of terminated vested participants 2020-12-31 9
Fundng target for terminated vested participants 2020-12-31 432,804
Active participant vested funding target 2020-12-31 8,179,239
Number of active participants 2020-12-31 104
Total funding liabilities for active participants 2020-12-31 8,287,691
Total participant count 2020-12-31 115
Total funding target for all participants 2020-12-31 8,892,268
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 831,267
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 831,267
Present value of excess contributions 2020-12-31 568,704
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 601,063
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 967,345
Total employer contributions 2020-12-31 1,128,000
Total employee contributions 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 1,095,666
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 449,249
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 1,095,666
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 9,902,016
Acturial value of plan assets 2019-12-31 9,902,016
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 179,773
Number of terminated vested participants 2019-12-31 8
Fundng target for terminated vested participants 2019-12-31 1,197,818
Active participant vested funding target 2019-12-31 7,607,410
Number of active participants 2019-12-31 108
Total funding liabilities for active participants 2019-12-31 7,693,158
Total participant count 2019-12-31 118
Total funding target for all participants 2019-12-31 9,070,749
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 2,565,845
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 2,565,845
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 1,446,947
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 831,267
Total employer contributions 2019-12-31 1,080,000
Total employee contributions 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 1,048,078
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 479,374
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 479,374
Additional cash requirement 2019-12-31 479,374
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 1,048,078
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 12,603,764
Acturial value of plan assets 2018-12-31 12,603,764
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 189,398
Number of terminated vested participants 2018-12-31 4
Fundng target for terminated vested participants 2018-12-31 152,148
Active participant vested funding target 2018-12-31 8,526,115
Number of active participants 2018-12-31 107
Total funding liabilities for active participants 2018-12-31 8,586,129
Total participant count 2018-12-31 113
Total funding target for all participants 2018-12-31 8,927,675
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 2,230,588
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 2,230,588
Present value of excess contributions 2018-12-31 1,086,323
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 1,151,394
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 2,565,845
Total employer contributions 2018-12-31 0
Total employee contributions 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 841,593
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Additional cash requirement 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 10,146,633
Acturial value of plan assets 2017-12-31 10,146,633
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 187,554
Number of terminated vested participants 2017-12-31 7
Fundng target for terminated vested participants 2017-12-31 976,933
Active participant vested funding target 2017-12-31 6,714,082
Number of active participants 2017-12-31 88
Total funding liabilities for active participants 2017-12-31 6,750,788
Total participant count 2017-12-31 97
Total funding target for all participants 2017-12-31 7,915,275
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 3,011,355
Prefunding balanced used to offset prior years funding requirement 2017-12-31 731,057
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 2,280,298
Present value of excess contributions 2017-12-31 1,014,635
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 1,026,613
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 2,230,588
Total employer contributions 2017-12-31 2,000,000
Total employee contributions 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 1,918,212
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 832,659
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 831,889
Additional cash requirement 2017-12-31 831,889
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 1,918,212
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 10,346,587
Acturial value of plan assets 2016-12-31 10,346,587
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 193,921
Number of terminated vested participants 2016-12-31 6
Fundng target for terminated vested participants 2016-12-31 352,900
Active participant vested funding target 2016-12-31 6,711,912
Number of active participants 2016-12-31 88
Total funding liabilities for active participants 2016-12-31 6,733,199
Total participant count 2016-12-31 96
Total funding target for all participants 2016-12-31 7,280,020
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 3,847,122
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 3,847,122
Present value of excess contributions 2016-12-31 950,000
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 1,008,235
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 735,742
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 3,011,355
Total employer contributions 2016-12-31 1,050,000
Total employee contributions 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 1,014,635
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 660,517
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 605,305
Prefunding balance elected to use to offset funding requirement 2016-12-31 731,057
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 1,014,635
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2022 401k membership
Market value of plan assets	2022-10-03	12,683,556
Acturial value of plan assets	2022-10-03	12,683,556
Funding target for retired participants and beneficiaries receiving payment	2022-10-03	149,560
Number of terminated vested participants	2022-10-03	15
Fundng target for terminated vested participants	2022-10-03	774,531
Active participant vested funding target	2022-10-03	7,887,414
Number of active participants	2022-10-03	83
Total funding liabilities for active participants	2022-10-03	7,887,414
Total participant count	2022-10-03	100
Total funding target for all participants	2022-10-03	8,811,505
Balance at beginning of prior year after applicable adjustments	2022-10-03	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-10-03	1,028,868
Amount remaining of carryover balance	2022-10-03	0
Amount remaining of prefunding balance	2022-10-03	1,028,868
Present value of excess contributions	2022-10-03	1,247,290
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-10-03	1,310,902
Reductions in caryover balances due to elections or deemed elections	2022-10-03	0
Reductions in prefunding balances due to elections or deemed elections	2022-10-03	0
Balance of carryovers at beginning of current year	2022-10-03	0
Balance of prefunding at beginning of current year	2022-10-03	1,190,297
Total employer contributions	2022-10-03	2,266,756
Total employee contributions	2022-10-03	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-10-03	0
Contributions made to avoid restrictions adjusted to valuation date	2022-10-03	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-10-03	2,200,016
Unpaid minimum required contributions for all prior years	2022-10-03	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-10-03	0
Remaining amount of unpaid minimum required contributions	2022-10-03	0
Minimum required contributions for current year target normal cost	2022-10-03	57,094
Net shortfall amortization installment of oustanding balance	2022-10-03	0
Waiver amortization installment	2022-10-03	0
Total funding amount beforereflecting carryover/prefunding balances	2022-10-03	0
Additional cash requirement	2022-10-03	0
Contributions allocatedtoward minimum required contributions for current year	2022-10-03	2,200,016
Unpaid minimum required contributions for current year	2022-10-03	0
Unpaid minimum required contributions for all years	2022-10-03	0
2021: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	11,966,090
Acturial value of plan assets	2021-12-31	11,966,090
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	164,467
Number of terminated vested participants	2021-12-31	8
Fundng target for terminated vested participants	2021-12-31	472,746
Active participant vested funding target	2021-12-31	9,181,257
Number of active participants	2021-12-31	96
Total funding liabilities for active participants	2021-12-31	9,285,506
Total participant count	2021-12-31	106
Total funding target for all participants	2021-12-31	9,922,719
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	967,345
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	967,345
Present value of excess contributions	2021-12-31	1,095,666
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	1,156,475
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	1,028,868
Total employer contributions	2021-12-31	1,280,500
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	1,247,290
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	773,820
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	1,247,290
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	10,945,493
Acturial value of plan assets	2020-12-31	10,945,493
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	171,773
Number of terminated vested participants	2020-12-31	9
Fundng target for terminated vested participants	2020-12-31	432,804
Active participant vested funding target	2020-12-31	8,179,239
Number of active participants	2020-12-31	104
Total funding liabilities for active participants	2020-12-31	8,287,691
Total participant count	2020-12-31	115
Total funding target for all participants	2020-12-31	8,892,268
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	831,267
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	831,267
Present value of excess contributions	2020-12-31	568,704
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	601,063
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	967,345
Total employer contributions	2020-12-31	1,128,000
Total employee contributions	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	1,095,666
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	449,249
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	1,095,666
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	9,902,016
Acturial value of plan assets	2019-12-31	9,902,016
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	179,773
Number of terminated vested participants	2019-12-31	8
Fundng target for terminated vested participants	2019-12-31	1,197,818
Active participant vested funding target	2019-12-31	7,607,410
Number of active participants	2019-12-31	108
Total funding liabilities for active participants	2019-12-31	7,693,158
Total participant count	2019-12-31	118
Total funding target for all participants	2019-12-31	9,070,749
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	2,565,845
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	2,565,845
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	1,446,947
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	831,267
Total employer contributions	2019-12-31	1,080,000
Total employee contributions	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	1,048,078
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	479,374
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	479,374
Additional cash requirement	2019-12-31	479,374
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	1,048,078
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	12,603,764
Acturial value of plan assets	2018-12-31	12,603,764
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	189,398
Number of terminated vested participants	2018-12-31	4
Fundng target for terminated vested participants	2018-12-31	152,148
Active participant vested funding target	2018-12-31	8,526,115
Number of active participants	2018-12-31	107
Total funding liabilities for active participants	2018-12-31	8,586,129
Total participant count	2018-12-31	113
Total funding target for all participants	2018-12-31	8,927,675
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	2,230,588
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	2,230,588
Present value of excess contributions	2018-12-31	1,086,323
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	1,151,394
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	2,565,845
Total employer contributions	2018-12-31	0
Total employee contributions	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	841,593
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Additional cash requirement	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	10,146,633
Acturial value of plan assets	2017-12-31	10,146,633
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	187,554
Number of terminated vested participants	2017-12-31	7
Fundng target for terminated vested participants	2017-12-31	976,933
Active participant vested funding target	2017-12-31	6,714,082
Number of active participants	2017-12-31	88
Total funding liabilities for active participants	2017-12-31	6,750,788
Total participant count	2017-12-31	97
Total funding target for all participants	2017-12-31	7,915,275
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	3,011,355
Prefunding balanced used to offset prior years funding requirement	2017-12-31	731,057
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	2,280,298
Present value of excess contributions	2017-12-31	1,014,635
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	1,026,613
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	2,230,588
Total employer contributions	2017-12-31	2,000,000
Total employee contributions	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	1,918,212
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	832,659
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	831,889
Additional cash requirement	2017-12-31	831,889
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	1,918,212
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: FIRST WESTERN BANK & TRUST EMPLOYEES PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	10,346,587
Acturial value of plan assets	2016-12-31	10,346,587
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	193,921
Number of terminated vested participants	2016-12-31	6
Fundng target for terminated vested participants	2016-12-31	352,900
Active participant vested funding target	2016-12-31	6,711,912
Number of active participants	2016-12-31	88
Total funding liabilities for active participants	2016-12-31	6,733,199
Total participant count	2016-12-31	96
Total funding target for all participants	2016-12-31	7,280,020
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	3,847,122
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	3,847,122
Present value of excess contributions	2016-12-31	950,000
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	1,008,235
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	735,742
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	3,011,355
Total employer contributions	2016-12-31	1,050,000
Total employee contributions	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	1,014,635
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	660,517
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	605,305
Prefunding balance elected to use to offset funding requirement	2016-12-31	731,057
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	1,014,635
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	FIRST WESTERN BANK & TRUST
Employer identification number (EIN):	450279825
NAIC Classification:	522110
NAIC Description:	Commercial Banking