WILMINGTON SAVINGS FUND SOCIETY, FSB has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan BENEFICIAL BANK CONSOLIDATED PENSION PLAN
Measure | Date | Value |
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2022: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 108,252,464 |
Acturial value of plan assets | 2022-12-31 | 108,252,464 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 40,244,324 |
Number of terminated vested participants | 2022-12-31 | 494 |
Fundng target for terminated vested participants | 2022-12-31 | 25,612,618 |
Active participant vested funding target | 2022-12-31 | 6,650,773 |
Number of active participants | 2022-12-31 | 96 |
Total funding liabilities for active participants | 2022-12-31 | 6,654,091 |
Total participant count | 2022-12-31 | 867 |
Total funding target for all participants | 2022-12-31 | 72,511,033 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 31,215,930 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 31,215,930 |
Present value of excess contributions | 2022-12-31 | 9,711 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 10,254 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 31,974,477 |
Total employer contributions | 2022-12-31 | 0 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 600,000 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 867 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 89 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 262 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 468 |
Total of all active and inactive participants | 2022-01-01 | 819 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 34 |
Total participants | 2022-01-01 | 853 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 110,348,843 |
Acturial value of plan assets | 2021-12-31 | 110,348,843 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 39,103,070 |
Number of terminated vested participants | 2021-12-31 | 497 |
Fundng target for terminated vested participants | 2021-12-31 | 25,365,294 |
Active participant vested funding target | 2021-12-31 | 6,836,982 |
Number of active participants | 2021-12-31 | 104 |
Total funding liabilities for active participants | 2021-12-31 | 6,842,206 |
Total participant count | 2021-12-31 | 867 |
Total funding target for all participants | 2021-12-31 | 71,310,570 |
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 | 28,249,627 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 1,436,425 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 26,813,202 |
Present value of excess contributions | 2021-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
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 | 31,215,930 |
Total employer contributions | 2021-12-31 | 0 |
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 | 0 |
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 | 600,000 |
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 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 867 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 96 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 254 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 489 |
Total of all active and inactive participants | 2021-01-01 | 839 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 28 |
Total participants | 2021-01-01 | 867 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
2020: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 99,605,191 |
Acturial value of plan assets | 2020-12-31 | 99,605,191 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 36,565,420 |
Number of terminated vested participants | 2020-12-31 | 516 |
Fundng target for terminated vested participants | 2020-12-31 | 27,722,254 |
Active participant vested funding target | 2020-12-31 | 9,343,930 |
Number of active participants | 2020-12-31 | 117 |
Total funding liabilities for active participants | 2020-12-31 | 9,348,687 |
Total participant count | 2020-12-31 | 884 |
Total funding target for all participants | 2020-12-31 | 73,636,361 |
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 | 26,146,953 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 2,479,370 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 23,667,583 |
Present value of excess contributions | 2020-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 28,249,627 |
Total employer contributions | 2020-12-31 | 0 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 0 |
Liquidity shortfalls end of Q1 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2020-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2020-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 600,000 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 2,280,797 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 1,436,425 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 1,436,425 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 884 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 104 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 240 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 493 |
Total of all active and inactive participants | 2020-01-01 | 837 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 30 |
Total participants | 2020-01-01 | 867 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
2019: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2019 401k membership |
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Market value of plan assets | 2019-12-31 | 88,269,592 |
Acturial value of plan assets | 2019-12-31 | 88,269,592 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 35,523,802 |
Number of terminated vested participants | 2019-12-31 | 481 |
Fundng target for terminated vested participants | 2019-12-31 | 23,054,740 |
Active participant vested funding target | 2019-12-31 | 13,705,714 |
Number of active participants | 2019-12-31 | 175 |
Total funding liabilities for active participants | 2019-12-31 | 13,720,033 |
Total participant count | 2019-12-31 | 893 |
Total funding target for all participants | 2019-12-31 | 72,298,575 |
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 | 28,790,806 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 1,007,411 |
Amount remaining of carryover balance | 2019-12-31 | 0 |
Amount remaining of prefunding balance | 2019-12-31 | 27,783,395 |
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 caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 0 |
Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
Balance of prefunding at beginning of current year | 2019-12-31 | 26,146,953 |
Total employer contributions | 2019-12-31 | 0 |
Total employee contributions | 2019-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 0 |
Liquidity shortfalls end of Q1 | 2019-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2019-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2019-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2019-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-12-31 | 600,000 |
Net shortfall amortization installment of oustanding balance | 2019-12-31 | 10,175,936 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 2,479,370 |
Prefunding balance elected to use to offset funding requirement | 2019-12-31 | 2,479,370 |
Additional cash requirement | 2019-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
Total participants, beginning-of-year | 2019-01-01 | 892 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 117 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 223 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 513 |
Total of all active and inactive participants | 2019-01-01 | 853 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 31 |
Total participants | 2019-01-01 | 884 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
Measure | Date | Value |
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2022 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2022 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2022-12-31 | $-5,072,347 |
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $-5,072,347 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $117,352 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $142,843 |
Total income from all sources (including contributions) | 2022-12-31 | $-22,877,512 |
Total loss/gain on sale of assets | 2022-12-31 | $-599,122 |
Total of all expenses incurred | 2022-12-31 | $6,063,138 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $5,510,279 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $0 |
Value of total assets at end of year | 2022-12-31 | $79,286,569 |
Value of total assets at beginning of year | 2022-12-31 | $108,252,710 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $552,859 |
Total interest from all sources | 2022-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $2,497,536 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $2,497,536 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $10,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-12-31 | $161,659 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-12-31 | $168,526 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-12-31 | $117,352 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-12-31 | $142,843 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-28,940,650 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $79,169,217 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $108,109,867 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Investment advisory and management fees | 2022-12-31 | $424,299 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $61,743,456 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $95,806,793 |
Value of interest in pooled separate accounts at end of year | 2022-12-31 | $122,519 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $742,937 |
Asset value of US Government securities at end of year | 2022-12-31 | $17,258,935 |
Asset value of US Government securities at beginning of year | 2022-12-31 | $11,523,954 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-19,635,420 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-68,159 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Employer contributions (assets) at end of year | 2022-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $10,500 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $5,510,279 |
Contract administrator fees | 2022-12-31 | $128,560 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Aggregate proceeds on sale of assets | 2022-12-31 | $23,011,904 |
Aggregate carrying amount (costs) on sale of assets | 2022-12-31 | $23,611,026 |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | BOWMAN & COMPANY LLP |
Accountancy firm EIN | 2022-12-31 | 210658561 |
2021 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2021 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2021-12-31 | $518,820 |
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $518,820 |
Total transfer of assets to this plan | 2021-12-31 | $753,437 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $142,843 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $140,952 |
Total income from all sources (including contributions) | 2021-12-31 | $2,622,762 |
Total loss/gain on sale of assets | 2021-12-31 | $-761,586 |
Total of all expenses incurred | 2021-12-31 | $5,474,223 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $4,832,510 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $0 |
Value of total assets at end of year | 2021-12-31 | $108,252,710 |
Value of total assets at beginning of year | 2021-12-31 | $110,348,843 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $641,713 |
Total interest from all sources | 2021-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $2,636,332 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $2,636,332 |
Administrative expenses professional fees incurred | 2021-12-31 | $0 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $168,526 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $173,908 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-12-31 | $142,843 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-12-31 | $140,952 |
Administrative expenses (other) incurred | 2021-12-31 | $74,562 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $-2,851,461 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $108,109,867 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $110,207,891 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Investment advisory and management fees | 2021-12-31 | $453,151 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $95,806,793 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $100,830,356 |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $742,937 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $0 |
Asset value of US Government securities at end of year | 2021-12-31 | $11,523,954 |
Asset value of US Government securities at beginning of year | 2021-12-31 | $9,344,579 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $229,196 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Employer contributions (assets) at end of year | 2021-12-31 | $10,500 |
Employer contributions (assets) at beginning of year | 2021-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $4,832,510 |
Contract administrator fees | 2021-12-31 | $114,000 |
Did the plan have assets held for investment | 2021-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Aggregate proceeds on sale of assets | 2021-12-31 | $10,026,781 |
Aggregate carrying amount (costs) on sale of assets | 2021-12-31 | $10,788,367 |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | BOWMAN & COMPANY LLP |
Accountancy firm EIN | 2021-12-31 | 210658561 |
2020 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2020 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2020-12-31 | $-458,808 |
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $-458,808 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $140,952 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $145,594 |
Total income from all sources (including contributions) | 2020-12-31 | $15,929,165 |
Total loss/gain on sale of assets | 2020-12-31 | $2,950,935 |
Total of all expenses incurred | 2020-12-31 | $5,180,871 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $4,637,876 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $0 |
Value of total assets at end of year | 2020-12-31 | $110,348,843 |
Value of total assets at beginning of year | 2020-12-31 | $99,605,191 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $542,995 |
Total interest from all sources | 2020-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $2,563,877 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $2,563,877 |
Administrative expenses professional fees incurred | 2020-12-31 | $0 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $173,908 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $167,845 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-12-31 | $140,952 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-12-31 | $145,594 |
Administrative expenses (other) incurred | 2020-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $10,748,294 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $110,207,891 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $99,459,597 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Investment advisory and management fees | 2020-12-31 | $439,430 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $100,830,356 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $84,271,182 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-12-31 | $0 |
Asset value of US Government securities at end of year | 2020-12-31 | $9,344,579 |
Asset value of US Government securities at beginning of year | 2020-12-31 | $15,166,164 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $10,873,161 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $4,637,876 |
Contract administrator fees | 2020-12-31 | $103,565 |
Did the plan have assets held for investment | 2020-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Aggregate proceeds on sale of assets | 2020-12-31 | $19,403,725 |
Aggregate carrying amount (costs) on sale of assets | 2020-12-31 | $16,452,790 |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
Accountancy firm name | 2020-12-31 | BOWMAN & COMPANY LLP |
Accountancy firm EIN | 2020-12-31 | 210658561 |
2019 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2019 401k financial data |
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Unrealized appreciation/depreciation of other (non real estate) assets | 2019-12-31 | $1,937,083 |
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $1,937,083 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $145,594 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $136,777 |
Expenses. Interest paid | 2019-12-31 | $0 |
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102 | 2019-12-31 | $0 |
Total income from all sources (including contributions) | 2019-12-31 | $16,578,784 |
Total loss/gain on sale of assets | 2019-12-31 | $41,375 |
Total of all expenses incurred | 2019-12-31 | $5,252,002 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $4,646,895 |
Expenses. Certain deemed distributions of participant loans | 2019-12-31 | $0 |
Value of total corrective distributions | 2019-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $0 |
Value of total assets at end of year | 2019-12-31 | $99,605,191 |
Value of total assets at beginning of year | 2019-12-31 | $88,269,592 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $605,107 |
Total income from rents | 2019-12-31 | $0 |
Total interest from all sources | 2019-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $2,619,573 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $2,619,573 |
Administrative expenses professional fees incurred | 2019-12-31 | $11,759 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-12-31 | $167,845 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-12-31 | $176,526 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $145,594 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-12-31 | $136,777 |
Other income not declared elsewhere | 2019-12-31 | $0 |
Administrative expenses (other) incurred | 2019-12-31 | $71,440 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $11,326,782 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $99,459,597 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $88,132,815 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $407,908 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $84,271,182 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $75,810,831 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $0 |
Asset value of US Government securities at end of year | 2019-12-31 | $15,166,164 |
Asset value of US Government securities at beginning of year | 2019-12-31 | $12,282,235 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $11,980,753 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $0 |
Net investment gain or loss from common/collective trusts | 2019-12-31 | $0 |
Net gain/loss from 103.12 investment entities | 2019-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $4,646,895 |
Contract administrator fees | 2019-12-31 | $114,000 |
Did the plan have assets held for investment | 2019-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Aggregate proceeds on sale of assets | 2019-12-31 | $18,106,490 |
Aggregate carrying amount (costs) on sale of assets | 2019-12-31 | $18,065,115 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Unqualified |
Accountancy firm name | 2019-12-31 | BOWMAN & COMPANY LLP |
Accountancy firm EIN | 2019-12-31 | 210658561 |