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PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 401k Plan overview

Plan NamePENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH
Plan identification number 001

PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

ERSTE GROUP BANK AG NEW YORK BRANCH has sponsored the creation of one or more 401k plans.

Company Name:ERSTE GROUP BANK AG NEW YORK BRANCH
Employer identification number (EIN):522078193
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01SANDRA PETERSON2023-09-20 SANDRA PETERSON2023-09-20
0012021-01-01SANDRA PETERSON2022-09-29
0012020-01-01SANDRA PETERSON2021-06-23 SANDRA PETERSON2021-06-23
0012019-01-01SANDRA PETERSON2020-07-16 SANDRA PETERSON2020-07-16
0012018-01-01SANDRA PETERSON2019-08-14 SANDRA PETERSON2019-08-14
0012017-01-01SANDRA PETERSON2018-07-31 SANDRA PETERSON2018-07-31
0012016-01-01SANDRA PETERSON2017-06-22 SANDRA PETERSON2017-06-22
0012015-01-01SANDRA PETERSON2016-09-09 SANDRA PETERSON2016-09-09
0012014-01-01SANDRA PETERSON2015-08-11 SANDRA PETERSON2015-08-11
0012013-01-01SANDRA PETERSON2014-10-02 SANDRA PETERSON2014-10-02
0012012-01-01SANDRA PETERSON2013-10-04 SANDRA PETERSON2013-10-04
0012011-01-01SANDRA PETERSON2012-10-05 SANDRA PETERSON2012-10-05
0012010-01-01SANDRA PETERSON2011-10-14 SANDRA PETERSON2011-10-14

Plan Statistics for PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH

401k plan membership statisitcs for PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH

Measure Date Value
2022: PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 2022 401k membership
Market value of plan assets2022-12-3138,119,614
Acturial value of plan assets2022-12-3138,119,614
Funding target for retired participants and beneficiaries receiving payment2022-12-3114,917,300
Number of terminated vested participants2022-12-3131
Fundng target for terminated vested participants2022-12-314,079,991
Active participant vested funding target2022-12-3113,563,829
Number of active participants2022-12-3120
Total funding liabilities for active participants2022-12-3113,746,820
Total participant count2022-12-3189
Total funding target for all participants2022-12-3132,744,111
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31624,057
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31624,057
Present value of excess contributions2022-12-31494,075
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31521,793
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-31521,793
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-311,218,428
Total employer contributions2022-12-31500,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31492,666
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31701,060
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31492,666
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 2021 401k membership
Market value of plan assets2021-12-3134,655,120
Acturial value of plan assets2021-12-3134,655,120
Funding target for retired participants and beneficiaries receiving payment2021-12-3111,776,526
Number of terminated vested participants2021-12-3134
Fundng target for terminated vested participants2021-12-315,664,582
Active participant vested funding target2021-12-3112,446,441
Number of active participants2021-12-3121
Total funding liabilities for active participants2021-12-3112,568,325
Total participant count2021-12-3189
Total funding target for all participants2021-12-3130,009,433
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31795,017
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-31262,681
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31532,336
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31624,057
Total employer contributions2021-12-31500,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31494,075
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-311,121,340
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31494,075
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 2020 401k membership
Market value of plan assets2020-12-3130,233,035
Acturial value of plan assets2020-12-3130,233,035
Funding target for retired participants and beneficiaries receiving payment2020-12-3111,111,242
Number of terminated vested participants2020-12-3138
Fundng target for terminated vested participants2020-12-316,889,678
Active participant vested funding target2020-12-3111,095,179
Number of active participants2020-12-3120
Total funding liabilities for active participants2020-12-3111,372,731
Total participant count2020-12-3188
Total funding target for all participants2020-12-3129,373,651
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-311,870,129
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-311,243,737
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31626,392
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31795,017
Total employer contributions2020-12-31500,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31493,030
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31820,078
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31755,711
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-31262,681
Additional cash requirement2020-12-31493,030
Contributions allocatedtoward minimum required contributions for current year2020-12-31493,030
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 2019 401k membership
Market value of plan assets2019-12-3124,102,121
Acturial value of plan assets2019-12-3124,102,121
Funding target for retired participants and beneficiaries receiving payment2019-12-319,119,401
Number of terminated vested participants2019-12-3138
Fundng target for terminated vested participants2019-12-316,172,516
Active participant vested funding target2019-12-3111,433,409
Number of active participants2019-12-3121
Total funding liabilities for active participants2019-12-3111,614,715
Total participant count2019-12-3188
Total funding target for all participants2019-12-3126,906,632
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-312,611,663
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-31591,431
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-312,020,232
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-311,870,129
Total employer contributions2019-12-31500,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31491,211
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31846,242
Net shortfall amortization installment of oustanding balance2019-12-314,674,640
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-311,734,948
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-311,243,737
Additional cash requirement2019-12-31491,211
Contributions allocatedtoward minimum required contributions for current year2019-12-31491,211
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 2018 401k membership
Market value of plan assets2018-12-3126,561,314
Acturial value of plan assets2018-12-3126,561,314
Funding target for retired participants and beneficiaries receiving payment2018-12-319,209,656
Number of terminated vested participants2018-12-3138
Fundng target for terminated vested participants2018-12-315,724,884
Active participant vested funding target2018-12-3110,060,358
Number of active participants2018-12-3119
Total funding liabilities for active participants2018-12-3110,154,280
Total participant count2018-12-3186
Total funding target for all participants2018-12-3125,088,820
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-312,739,597
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-31522,754
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-312,216,843
Present value of excess contributions2018-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-312,611,663
Total employer contributions2018-12-31250,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31245,068
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31561,804
Net shortfall amortization installment of oustanding balance2018-12-311,139,169
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31836,499
Prefunding balance elected to use to offset funding requirement2018-12-31591,431
Additional cash requirement2018-12-31245,068
Contributions allocatedtoward minimum required contributions for current year2018-12-31245,068
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 2017 401k membership
Market value of plan assets2017-12-3122,934,218
Acturial value of plan assets2017-12-3122,934,218
Funding target for retired participants and beneficiaries receiving payment2017-12-317,850,376
Number of terminated vested participants2017-12-3140
Fundng target for terminated vested participants2017-12-315,245,753
Active participant vested funding target2017-12-319,362,330
Number of active participants2017-12-3120
Total funding liabilities for active participants2017-12-319,441,758
Total participant count2017-12-3186
Total funding target for all participants2017-12-3122,537,887
Balance at beginning of prior year after applicable adjustments2017-12-316,187
Prefunding balance at beginning of prior year after applicable adjustments2017-12-313,251,398
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-316,187
Prefunding balanced used to offset prior years funding requirement2017-12-31655,854
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-312,595,544
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-312,739,597
Total employer contributions2017-12-31252,688
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31249,144
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31350,457
Net shortfall amortization installment of oustanding balance2017-12-312,343,266
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31771,898
Prefunding balance elected to use to offset funding requirement2017-12-31522,754
Additional cash requirement2017-12-31249,144
Contributions allocatedtoward minimum required contributions for current year2017-12-31249,144
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PENSION PLAN FOR EMPLOYEES OF ERSTE GROUP BANK AG NEW YORK BRANCH 2016 401k membership
Market value of plan assets2016-12-3122,105,236
Acturial value of plan assets2016-12-3122,105,236
Funding target for retired participants and beneficiaries receiving payment2016-12-317,153,804
Number of terminated vested participants2016-12-3140
Fundng target for terminated vested participants2016-12-314,282,126
Active participant vested funding target2016-12-319,276,374
Number of active participants2016-12-3121
Total funding liabilities for active participants2016-12-319,297,685
Total participant count2016-12-3185
Total funding target for all participants2016-12-3120,733,615
Balance at beginning of prior year after applicable adjustments2016-12-3167,056
Prefunding balance at beginning of prior year after applicable adjustments2016-12-313,263,473
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-3160,846
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-316,210
Amount remaining of prefunding balance2016-12-313,263,473
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-316,187
Balance of prefunding at beginning of current year2016-12-313,251,398
Total employer contributions2016-12-31260,768
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31253,161
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31603,597
Net shortfall amortization installment of oustanding balance2016-12-311,885,964
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31915,202
Carryover balance elected to use to offset funding requirement2016-12-316,187
Prefunding balance elected to use to offset funding requirement2016-12-31655,854
Additional cash requirement2016-12-31253,161
Contributions allocatedtoward minimum required contributions for current year2016-12-31253,161
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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