401k Plan data: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION plan

SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 401k Plan overview

Plan Name	SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION
Plan identification number	001

SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VIRGINIA BANKERS ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name: VIRGINIA BANKERS ASSOCIATION

Employer identification number (EIN): 540417722

NAIC Classification: 813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations

Additional information about VIRGINIA BANKERS ASSOCIATION

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1946-06-20

Company Identification Number: 0053142

Legal Registered Office Address: 4490 COX RD

GLEN ALLEN
United States of America (USA)
23060

More information about VIRGINIA BANKERS ASSOCIATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 STACY PUCKETT 2023-07-20 STACY PUCKETT 2023-07-20
001 2021-01-01 STACY PUCKETT 2022-07-18 STACY PUCKETT 2022-07-18
001 2020-01-01 STACY PUCKETT 2021-10-07 STACY PUCKETT 2021-10-07
001 2019-01-01 STACY PUCKETT 2020-07-21 STACY PUCKETT 2020-07-21
001 2018-01-01 STACY PUCKETT 2019-07-18 STACY PUCKETT 2019-07-18
001 2017-01-01 STACY PUCKETT 2018-07-30 STACY PUCKETT 2018-07-30
001 2016-01-01 STACY PUCKETT 2017-07-20 STACY PUCKETT 2017-07-20
001 2015-01-01 STACY PUCKETT 2016-07-22 STACY PUCKETT 2016-07-22
001 2014-01-01 STACY PUCKETT 2015-07-21 STACY PUCKETT 2015-07-21
001 2013-01-01 JEFFREY BRUGH 2014-07-14 JEFFREY BRUGH 2014-07-14
001 2012-01-01 JEFFREY BRUGH 2013-07-24
001 2011-01-01 JEFFREY BRUGH 2012-07-28
001 2010-01-01 JEFFREY BRUGH 2011-08-22

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01	STACY PUCKETT	2023-07-20	STACY PUCKETT	2023-07-20
001	2021-01-01	STACY PUCKETT	2022-07-18	STACY PUCKETT	2022-07-18
001	2020-01-01	STACY PUCKETT	2021-10-07	STACY PUCKETT	2021-10-07
001	2019-01-01	STACY PUCKETT	2020-07-21	STACY PUCKETT	2020-07-21
001	2018-01-01	STACY PUCKETT	2019-07-18	STACY PUCKETT	2019-07-18
001	2017-01-01	STACY PUCKETT	2018-07-30	STACY PUCKETT	2018-07-30
001	2016-01-01	STACY PUCKETT	2017-07-20	STACY PUCKETT	2017-07-20
001	2015-01-01	STACY PUCKETT	2016-07-22	STACY PUCKETT	2016-07-22
001	2014-01-01	STACY PUCKETT	2015-07-21	STACY PUCKETT	2015-07-21
001	2013-01-01	JEFFREY BRUGH	2014-07-14	JEFFREY BRUGH	2014-07-14
001	2012-01-01	JEFFREY BRUGH	2013-07-24
001	2011-01-01	JEFFREY BRUGH	2012-07-28
001	2010-01-01	JEFFREY BRUGH	2011-08-22

Plan Statistics for SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION

401k plan membership statisitcs for SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION

Measure Date Value
2022: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2022 401k membership
Market value of plan assets 2022-12-31 4,421,439
Acturial value of plan assets 2022-12-31 4,180,595
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 1,391,370
Number of terminated vested participants 2022-12-31 7
Fundng target for terminated vested participants 2022-12-31 137,223
Active participant vested funding target 2022-12-31 1,539,687
Number of active participants 2022-12-31 26
Total funding liabilities for active participants 2022-12-31 1,543,357
Total participant count 2022-12-31 39
Total funding target for all participants 2022-12-31 3,071,950
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
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 0
Present value of excess contributions 2022-12-31 141,650
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 148,591
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 2022-12-31 150,000
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 2022-12-31 142,464
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 2022-12-31 124,205
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
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 142,464
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2021 401k membership
Market value of plan assets 2021-12-31 3,997,109
Acturial value of plan assets 2021-12-31 3,696,631
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 1,489,974
Number of terminated vested participants 2021-12-31 5
Fundng target for terminated vested participants 2021-12-31 113,660
Active participant vested funding target 2021-12-31 1,488,345
Number of active participants 2021-12-31 25
Total funding liabilities for active participants 2021-12-31 1,495,304
Total participant count 2021-12-31 36
Total funding target for all participants 2021-12-31 3,098,938
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
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 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 2021-12-31 141,014
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 148,516
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 0
Total employer contributions 2021-12-31 150,000
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 2021-12-31 141,650
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 2021-12-31 124,128
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 2021-12-31 141,650
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2020 401k membership
Market value of plan assets 2020-12-31 3,554,043
Acturial value of plan assets 2020-12-31 3,412,391
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 1,494,003
Number of terminated vested participants 2020-12-31 5
Fundng target for terminated vested participants 2020-12-31 97,048
Active participant vested funding target 2020-12-31 1,233,301
Number of active participants 2020-12-31 25
Total funding liabilities for active participants 2020-12-31 1,242,116
Total participant count 2020-12-31 36
Total funding target for all participants 2020-12-31 2,833,167
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
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 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 93,850
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 98,974
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 2020-12-31 150,000
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 2020-12-31 141,014
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 99,750
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
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 141,014
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2019 401k membership
Market value of plan assets 2019-12-31 3,173,545
Acturial value of plan assets 2019-12-31 3,301,170
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 1,515,304
Number of terminated vested participants 2019-12-31 6
Fundng target for terminated vested participants 2019-12-31 235,986
Active participant vested funding target 2019-12-31 1,055,748
Number of active participants 2019-12-31 24
Total funding liabilities for active participants 2019-12-31 1,063,859
Total participant count 2019-12-31 36
Total funding target for all participants 2019-12-31 2,815,149
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 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
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 2019-12-31 100,000
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 93,850
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 81,957
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
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 93,850
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2018 401k membership
Market value of plan assets 2018-12-31 3,516,974
Acturial value of plan assets 2018-12-31 3,282,641
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 1,191,200
Number of terminated vested participants 2018-12-31 6
Fundng target for terminated vested participants 2018-12-31 125,692
Active participant vested funding target 2018-12-31 1,380,596
Number of active participants 2018-12-31 25
Total funding liabilities for active participants 2018-12-31 1,390,755
Total participant count 2018-12-31 36
Total funding target for all participants 2018-12-31 2,707,647
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 631,496
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 91,060
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 540,436
Present value of excess contributions 2018-12-31 173,141
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 194,514
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 639,174
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 0
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 0
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 76,684
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 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2017 401k membership
Market value of plan assets 2017-12-31 2,963,437
Acturial value of plan assets 2017-12-31 2,999,129
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 819,407
Number of terminated vested participants 2017-12-31 5
Fundng target for terminated vested participants 2017-12-31 63,951
Active participant vested funding target 2017-12-31 1,578,749
Number of active participants 2017-12-31 27
Total funding liabilities for active participants 2017-12-31 1,582,661
Total participant count 2017-12-31 36
Total funding target for all participants 2017-12-31 2,466,019
Balance at beginning of prior year after applicable adjustments 2017-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 558,817
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 97,741
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 461,076
Present value of excess contributions 2017-12-31 125,048
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 134,318
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 134,318
Reductions in caryover balances due to elections or deemed elections 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 2017-12-31 631,496
Total employer contributions 2017-12-31 200,000
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 2017-12-31 187,066
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 85,432
Net shortfall amortization installment of oustanding balance 2017-12-31 98,386
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 104,985
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 91,060
Additional cash requirement 2017-12-31 13,925
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 187,066
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2016 401k membership
Market value of plan assets 2016-12-31 2,705,533
Acturial value of plan assets 2016-12-31 2,833,249
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 552,210
Number of terminated vested participants 2016-12-31 6
Fundng target for terminated vested participants 2016-12-31 67,810
Active participant vested funding target 2016-12-31 1,743,416
Number of active participants 2016-12-31 24
Total funding liabilities for active participants 2016-12-31 1,747,266
Total participant count 2016-12-31 34
Total funding target for all participants 2016-12-31 2,367,286
Balance at beginning of prior year after applicable adjustments 2016-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 483,985
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 121,458
Amount remaining of carryover balance 2016-12-31 0
Amount remaining of prefunding balance 2016-12-31 362,527
Present value of excess contributions 2016-12-31 190,743
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 195,311
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 195,311
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 2016-12-31 558,817
Total employer contributions 2016-12-31 150,000
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 2016-12-31 140,107
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 75,038
Net shortfall amortization installment of oustanding balance 2016-12-31 92,854
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 112,800
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 97,741
Additional cash requirement 2016-12-31 15,059
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 140,107
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: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2022 401k membership
Market value of plan assets	2022-12-31	4,421,439
Acturial value of plan assets	2022-12-31	4,180,595
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	1,391,370
Number of terminated vested participants	2022-12-31	7
Fundng target for terminated vested participants	2022-12-31	137,223
Active participant vested funding target	2022-12-31	1,539,687
Number of active participants	2022-12-31	26
Total funding liabilities for active participants	2022-12-31	1,543,357
Total participant count	2022-12-31	39
Total funding target for all participants	2022-12-31	3,071,950
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
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	0
Present value of excess contributions	2022-12-31	141,650
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	148,591
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	150,000
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	142,464
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	124,205
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
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	142,464
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2021 401k membership
Market value of plan assets	2021-12-31	3,997,109
Acturial value of plan assets	2021-12-31	3,696,631
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	1,489,974
Number of terminated vested participants	2021-12-31	5
Fundng target for terminated vested participants	2021-12-31	113,660
Active participant vested funding target	2021-12-31	1,488,345
Number of active participants	2021-12-31	25
Total funding liabilities for active participants	2021-12-31	1,495,304
Total participant count	2021-12-31	36
Total funding target for all participants	2021-12-31	3,098,938
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
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	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	141,014
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	148,516
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	0
Total employer contributions	2021-12-31	150,000
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	141,650
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	124,128
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	141,650
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2020 401k membership
Market value of plan assets	2020-12-31	3,554,043
Acturial value of plan assets	2020-12-31	3,412,391
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	1,494,003
Number of terminated vested participants	2020-12-31	5
Fundng target for terminated vested participants	2020-12-31	97,048
Active participant vested funding target	2020-12-31	1,233,301
Number of active participants	2020-12-31	25
Total funding liabilities for active participants	2020-12-31	1,242,116
Total participant count	2020-12-31	36
Total funding target for all participants	2020-12-31	2,833,167
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
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	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	93,850
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	98,974
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	150,000
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	141,014
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	99,750
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
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	141,014
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2019 401k membership
Market value of plan assets	2019-12-31	3,173,545
Acturial value of plan assets	2019-12-31	3,301,170
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	1,515,304
Number of terminated vested participants	2019-12-31	6
Fundng target for terminated vested participants	2019-12-31	235,986
Active participant vested funding target	2019-12-31	1,055,748
Number of active participants	2019-12-31	24
Total funding liabilities for active participants	2019-12-31	1,063,859
Total participant count	2019-12-31	36
Total funding target for all participants	2019-12-31	2,815,149
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	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
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	100,000
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	93,850
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	81,957
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
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	93,850
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2018 401k membership
Market value of plan assets	2018-12-31	3,516,974
Acturial value of plan assets	2018-12-31	3,282,641
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	1,191,200
Number of terminated vested participants	2018-12-31	6
Fundng target for terminated vested participants	2018-12-31	125,692
Active participant vested funding target	2018-12-31	1,380,596
Number of active participants	2018-12-31	25
Total funding liabilities for active participants	2018-12-31	1,390,755
Total participant count	2018-12-31	36
Total funding target for all participants	2018-12-31	2,707,647
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	631,496
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	91,060
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	540,436
Present value of excess contributions	2018-12-31	173,141
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	194,514
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	639,174
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	0
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	0
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	76,684
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	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2017 401k membership
Market value of plan assets	2017-12-31	2,963,437
Acturial value of plan assets	2017-12-31	2,999,129
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	819,407
Number of terminated vested participants	2017-12-31	5
Fundng target for terminated vested participants	2017-12-31	63,951
Active participant vested funding target	2017-12-31	1,578,749
Number of active participants	2017-12-31	27
Total funding liabilities for active participants	2017-12-31	1,582,661
Total participant count	2017-12-31	36
Total funding target for all participants	2017-12-31	2,466,019
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	558,817
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	97,741
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	461,076
Present value of excess contributions	2017-12-31	125,048
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	134,318
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	134,318
Reductions in caryover balances due to elections or deemed elections	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	631,496
Total employer contributions	2017-12-31	200,000
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	187,066
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	85,432
Net shortfall amortization installment of oustanding balance	2017-12-31	98,386
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	104,985
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	91,060
Additional cash requirement	2017-12-31	13,925
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	187,066
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SBA CASH BALANCE PENSION PLAN FOR VIRGINIA BANKERS ASSOCIATION 2016 401k membership
Market value of plan assets	2016-12-31	2,705,533
Acturial value of plan assets	2016-12-31	2,833,249
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	552,210
Number of terminated vested participants	2016-12-31	6
Fundng target for terminated vested participants	2016-12-31	67,810
Active participant vested funding target	2016-12-31	1,743,416
Number of active participants	2016-12-31	24
Total funding liabilities for active participants	2016-12-31	1,747,266
Total participant count	2016-12-31	34
Total funding target for all participants	2016-12-31	2,367,286
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	483,985
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	121,458
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	362,527
Present value of excess contributions	2016-12-31	190,743
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	195,311
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	195,311
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	558,817
Total employer contributions	2016-12-31	150,000
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	140,107
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	75,038
Net shortfall amortization installment of oustanding balance	2016-12-31	92,854
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	112,800
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	97,741
Additional cash requirement	2016-12-31	15,059
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	140,107
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:	VIRGINIA BANKERS ASSOCIATION
Employer identification number (EIN):	540417722
NAIC Classification:	813000
NAIC Description:	Religious, Grantmaking, Civic, Professional, and Similar Organizations

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1946-06-20
Company Identification Number:	0053142
Legal Registered Office Address:	4490 COX RD GLEN ALLEN United States of America (USA) 23060