401k Plan data: THE PEOPLES BANK DEFINED BENEFIT PLAN plan

THE PEOPLES BANK DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	THE PEOPLES BANK DEFINED BENEFIT PLAN
Plan identification number	001

THE PEOPLES BANK DEFINED BENEFIT PLAN Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

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

Company Name: PEOPLES BANK

Employer identification number (EIN): 520442310

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE PEOPLES BANK DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 STEPHANIE L. USILTON 2023-08-14
001 2021-01-01 STEPHANIE L. USILTON 2022-06-29
001 2020-01-01 STEPHANIE L. USILTON 2021-07-29
001 2019-01-01 STEPHANIE L. USILTON 2020-07-24
001 2018-01-01 STEPHANIE L. USILTON 2019-07-29
001 2017-01-01 STEPHANIE L. USILTON 2018-08-28
001 2016-01-01 STEPHANIE L. USILTON 2017-07-24
001 2015-01-01 STEPHANIE L. USILTON 2016-08-31
001 2014-01-01 RALPH DOWLING 2015-08-11
001 2013-01-01 RALPH DOWLING 2014-09-16
001 2012-01-01 RALPH DOWLING 2013-10-01
001 2011-01-01 STEPHANIE USILTON 2012-10-05
001 2010-01-01 THOMAS STEVENSON 2011-10-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	STEPHANIE L. USILTON	2023-08-14
001	2021-01-01	STEPHANIE L. USILTON	2022-06-29
001	2020-01-01	STEPHANIE L. USILTON	2021-07-29
001	2019-01-01	STEPHANIE L. USILTON	2020-07-24
001	2018-01-01	STEPHANIE L. USILTON	2019-07-29
001	2017-01-01	STEPHANIE L. USILTON	2018-08-28
001	2016-01-01	STEPHANIE L. USILTON	2017-07-24
001	2015-01-01	STEPHANIE L. USILTON	2016-08-31
001	2014-01-01	RALPH DOWLING	2015-08-11
001	2013-01-01	RALPH DOWLING	2014-09-16
001	2012-01-01	RALPH DOWLING	2013-10-01
001	2011-01-01	STEPHANIE USILTON	2012-10-05
001	2010-01-01	THOMAS STEVENSON	2011-10-13

Plan Statistics for THE PEOPLES BANK DEFINED BENEFIT PLAN

401k plan membership statisitcs for THE PEOPLES BANK DEFINED BENEFIT PLAN

Measure Date Value
2022: THE PEOPLES BANK DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets 2022-12-31 3,063,540
Acturial value of plan assets 2022-12-31 3,063,540
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 821,594
Number of terminated vested participants 2022-12-31 6
Fundng target for terminated vested participants 2022-12-31 104,349
Active participant vested funding target 2022-12-31 1,812,738
Number of active participants 2022-12-31 24
Total funding liabilities for active participants 2022-12-31 1,812,738
Total participant count 2022-12-31 38
Total funding target for all participants 2022-12-31 2,738,681
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 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
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 0
Total employer contributions 2022-12-31 229,000
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 2022-12-31 210,914
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 0
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 2022-12-31 210,914
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: THE PEOPLES BANK DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets 2021-12-31 4,077,099
Acturial value of plan assets 2021-12-31 4,077,099
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 822,429
Number of terminated vested participants 2021-12-31 6
Fundng target for terminated vested participants 2021-12-31 130,661
Active participant vested funding target 2021-12-31 2,453,541
Number of active participants 2021-12-31 30
Total funding liabilities for active participants 2021-12-31 2,453,541
Total participant count 2021-12-31 44
Total funding target for all participants 2021-12-31 3,406,631
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 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
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
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 0
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 0
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 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: THE PEOPLES BANK DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets 2020-12-31 3,722,626
Acturial value of plan assets 2020-12-31 3,722,626
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 839,393
Number of terminated vested participants 2020-12-31 3
Fundng target for terminated vested participants 2020-12-31 55,254
Active participant vested funding target 2020-12-31 2,328,779
Number of active participants 2020-12-31 34
Total funding liabilities for active participants 2020-12-31 2,328,779
Total participant count 2020-12-31 45
Total funding target for all participants 2020-12-31 3,223,426
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 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
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
Total available prior years excess cotributions added 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 0
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
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 0
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
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 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: THE PEOPLES BANK DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets 2019-12-31 3,879,931
Acturial value of plan assets 2019-12-31 3,879,931
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 878,525
Number of terminated vested participants 2019-12-31 4
Fundng target for terminated vested participants 2019-12-31 86,621
Active participant vested funding target 2019-12-31 2,640,978
Number of active participants 2019-12-31 35
Total funding liabilities for active participants 2019-12-31 2,640,978
Total participant count 2019-12-31 47
Total funding target for all participants 2019-12-31 3,606,124
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 0
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 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 56,248
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 59,471
Total available prior years excess cotributions added 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 0
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
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 0
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
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
2018: THE PEOPLES BANK DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets 2018-12-31 4,101,694
Acturial value of plan assets 2018-12-31 4,101,694
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 895,151
Number of terminated vested participants 2018-12-31 5
Fundng target for terminated vested participants 2018-12-31 128,065
Active participant vested funding target 2018-12-31 2,506,061
Number of active participants 2018-12-31 38
Total funding liabilities for active participants 2018-12-31 2,506,061
Total participant count 2018-12-31 52
Total funding target for all participants 2018-12-31 3,529,277
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 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 60,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 56,248
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 0
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 56,248
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: THE PEOPLES BANK DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets 2017-12-31 3,970,885
Acturial value of plan assets 2017-12-31 3,970,885
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 874,310
Number of terminated vested participants 2017-12-31 5
Fundng target for terminated vested participants 2017-12-31 81,360
Active participant vested funding target 2017-12-31 2,366,949
Number of active participants 2017-12-31 41
Total funding liabilities for active participants 2017-12-31 2,366,949
Total participant count 2017-12-31 55
Total funding target for all participants 2017-12-31 3,322,619
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 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 705,224
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 748,454
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 0
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 0
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: THE PEOPLES BANK DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets 2016-12-31 3,118,313
Acturial value of plan assets 2016-12-31 3,118,313
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 902,430
Number of terminated vested participants 2016-12-31 4
Fundng target for terminated vested participants 2016-12-31 65,682
Active participant vested funding target 2016-12-31 2,146,702
Number of active participants 2016-12-31 43
Total funding liabilities for active participants 2016-12-31 2,146,702
Total participant count 2016-12-31 57
Total funding target for all participants 2016-12-31 3,114,814
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 0
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 135,684
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 144,517
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 750,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 705,224
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 0
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 705,224
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: THE PEOPLES BANK DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets	2022-12-31	3,063,540
Acturial value of plan assets	2022-12-31	3,063,540
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	821,594
Number of terminated vested participants	2022-12-31	6
Fundng target for terminated vested participants	2022-12-31	104,349
Active participant vested funding target	2022-12-31	1,812,738
Number of active participants	2022-12-31	24
Total funding liabilities for active participants	2022-12-31	1,812,738
Total participant count	2022-12-31	38
Total funding target for all participants	2022-12-31	2,738,681
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	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
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	0
Total employer contributions	2022-12-31	229,000
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	210,914
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	0
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	210,914
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: THE PEOPLES BANK DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets	2021-12-31	4,077,099
Acturial value of plan assets	2021-12-31	4,077,099
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	822,429
Number of terminated vested participants	2021-12-31	6
Fundng target for terminated vested participants	2021-12-31	130,661
Active participant vested funding target	2021-12-31	2,453,541
Number of active participants	2021-12-31	30
Total funding liabilities for active participants	2021-12-31	2,453,541
Total participant count	2021-12-31	44
Total funding target for all participants	2021-12-31	3,406,631
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	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
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
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	0
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	0
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	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: THE PEOPLES BANK DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets	2020-12-31	3,722,626
Acturial value of plan assets	2020-12-31	3,722,626
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	839,393
Number of terminated vested participants	2020-12-31	3
Fundng target for terminated vested participants	2020-12-31	55,254
Active participant vested funding target	2020-12-31	2,328,779
Number of active participants	2020-12-31	34
Total funding liabilities for active participants	2020-12-31	2,328,779
Total participant count	2020-12-31	45
Total funding target for all participants	2020-12-31	3,223,426
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	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
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
Total available prior years excess cotributions added 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	0
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
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	0
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
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	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: THE PEOPLES BANK DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-12-31	3,879,931
Acturial value of plan assets	2019-12-31	3,879,931
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	878,525
Number of terminated vested participants	2019-12-31	4
Fundng target for terminated vested participants	2019-12-31	86,621
Active participant vested funding target	2019-12-31	2,640,978
Number of active participants	2019-12-31	35
Total funding liabilities for active participants	2019-12-31	2,640,978
Total participant count	2019-12-31	47
Total funding target for all participants	2019-12-31	3,606,124
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	0
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	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	56,248
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	59,471
Total available prior years excess cotributions added 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	0
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
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	0
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
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
2018: THE PEOPLES BANK DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets	2018-12-31	4,101,694
Acturial value of plan assets	2018-12-31	4,101,694
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	895,151
Number of terminated vested participants	2018-12-31	5
Fundng target for terminated vested participants	2018-12-31	128,065
Active participant vested funding target	2018-12-31	2,506,061
Number of active participants	2018-12-31	38
Total funding liabilities for active participants	2018-12-31	2,506,061
Total participant count	2018-12-31	52
Total funding target for all participants	2018-12-31	3,529,277
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	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	60,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	56,248
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	0
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	56,248
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: THE PEOPLES BANK DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-12-31	3,970,885
Acturial value of plan assets	2017-12-31	3,970,885
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	874,310
Number of terminated vested participants	2017-12-31	5
Fundng target for terminated vested participants	2017-12-31	81,360
Active participant vested funding target	2017-12-31	2,366,949
Number of active participants	2017-12-31	41
Total funding liabilities for active participants	2017-12-31	2,366,949
Total participant count	2017-12-31	55
Total funding target for all participants	2017-12-31	3,322,619
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	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	705,224
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	748,454
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	0
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	0
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: THE PEOPLES BANK DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets	2016-12-31	3,118,313
Acturial value of plan assets	2016-12-31	3,118,313
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	902,430
Number of terminated vested participants	2016-12-31	4
Fundng target for terminated vested participants	2016-12-31	65,682
Active participant vested funding target	2016-12-31	2,146,702
Number of active participants	2016-12-31	43
Total funding liabilities for active participants	2016-12-31	2,146,702
Total participant count	2016-12-31	57
Total funding target for all participants	2016-12-31	3,114,814
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	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	135,684
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	144,517
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	750,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	705,224
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	0
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	705,224
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:	PEOPLES BANK
Employer identification number (EIN):	520442310
NAIC Classification:	522110
NAIC Description:	Commercial Banking