401k Plan data: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN plan

HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 401k Plan overview

Plan Name	HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN
Plan identification number	001

HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

HAMPTON ROADS EDUCATORS' CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: HAMPTON ROADS EDUCATORS' CREDIT UNION

Employer identification number (EIN): 540623257

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 KAREN F ORIE 2023-05-10
001 2021-01-01 KAREN F ORIE 2022-09-22
001 2020-01-01 KAREN F ORIE 2021-10-04
001 2019-01-01 KAREN F ORIE 2020-07-29
001 2018-01-01 KAREN F ORIE 2019-10-14
001 2017-01-01 KAREN F ORIE 2018-08-10
001 2016-01-01 KAREN F ORIE 2017-10-11
001 2015-01-01 KAREN F ORIE 2016-10-11
001 2014-01-01 KAREN F ORIE 2015-08-26
001 2013-01-01 KAREN F ORIE 2014-05-22
001 2012-01-01 KAREN F ORIE 2013-08-13
001 2011-01-01 KAREN F. ORIE 2012-07-31
001 2010-01-01 KAREN ORIE 2011-08-04

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	KAREN F ORIE	2023-05-10
001	2021-01-01	KAREN F ORIE	2022-09-22
001	2020-01-01	KAREN F ORIE	2021-10-04
001	2019-01-01	KAREN F ORIE	2020-07-29
001	2018-01-01	KAREN F ORIE	2019-10-14
001	2017-01-01	KAREN F ORIE	2018-08-10
001	2016-01-01	KAREN F ORIE	2017-10-11
001	2015-01-01	KAREN F ORIE	2016-10-11
001	2014-01-01	KAREN F ORIE	2015-08-26
001	2013-01-01	KAREN F ORIE	2014-05-22
001	2012-01-01	KAREN F ORIE	2013-08-13
001	2011-01-01	KAREN F. ORIE	2012-07-31
001	2010-01-01	KAREN ORIE	2011-08-04

Plan Statistics for HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN

401k plan membership statisitcs for HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN

Measure Date Value
2022: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 5,851,472
Acturial value of plan assets 2022-12-31 5,851,472
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 935,089
Number of terminated vested participants 2022-12-31 3
Fundng target for terminated vested participants 2022-12-31 22,409
Active participant vested funding target 2022-12-31 1,064,773
Number of active participants 2022-12-31 13
Total funding liabilities for active participants 2022-12-31 1,173,561
Total participant count 2022-12-31 23
Total funding target for all participants 2022-12-31 2,131,059
Balance at beginning of prior year after applicable adjustments 2022-12-31 781,052
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 2022-12-31 781,052
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 2022-12-31 869,701
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 0
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 157,858
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 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 5,328,818
Acturial value of plan assets 2021-12-31 5,328,818
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 750,496
Number of terminated vested participants 2021-12-31 3
Fundng target for terminated vested participants 2021-12-31 23,647
Active participant vested funding target 2021-12-31 1,213,666
Number of active participants 2021-12-31 13
Total funding liabilities for active participants 2021-12-31 1,293,916
Total participant count 2021-12-31 22
Total funding target for all participants 2021-12-31 2,068,059
Balance at beginning of prior year after applicable adjustments 2021-12-31 684,113
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 2021-12-31 684,113
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
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 2021-12-31 781,052
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 2021-12-31 175,336
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 4,767,918
Acturial value of plan assets 2020-12-31 4,767,918
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 750,292
Number of terminated vested participants 2020-12-31 3
Fundng target for terminated vested participants 2020-12-31 19,777
Active participant vested funding target 2020-12-31 951,187
Number of active participants 2020-12-31 12
Total funding liabilities for active participants 2020-12-31 1,000,304
Total participant count 2020-12-31 21
Total funding target for all participants 2020-12-31 1,770,373
Balance at beginning of prior year after applicable adjustments 2020-12-31 570,665
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 2020-12-31 570,665
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 2020-12-31 684,113
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 2020-12-31 161,463
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 0
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 4,074,183
Acturial value of plan assets 2019-12-31 4,074,183
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 765,840
Number of terminated vested participants 2019-12-31 3
Fundng target for terminated vested participants 2019-12-31 17,811
Active participant vested funding target 2019-12-31 784,125
Number of active participants 2019-12-31 12
Total funding liabilities for active participants 2019-12-31 806,614
Total participant count 2019-12-31 21
Total funding target for all participants 2019-12-31 1,590,265
Balance at beginning of prior year after applicable adjustments 2019-12-31 603,495
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 2019-12-31 603,495
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 2019-12-31 570,665
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 2019-12-31 144,654
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 0
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 4,414,680
Acturial value of plan assets 2018-12-31 4,414,680
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 608,753
Number of terminated vested participants 2018-12-31 3
Fundng target for terminated vested participants 2018-12-31 146,616
Active participant vested funding target 2018-12-31 629,849
Number of active participants 2018-12-31 11
Total funding liabilities for active participants 2018-12-31 630,936
Total participant count 2018-12-31 19
Total funding target for all participants 2018-12-31 1,386,305
Balance at beginning of prior year after applicable adjustments 2018-12-31 524,277
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 2018-12-31 524,277
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 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 0
Balance of carryovers at beginning of current year 2018-12-31 603,495
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 68,598
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: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 3,919,963
Acturial value of plan assets 2017-12-31 3,919,963
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 542,306
Number of terminated vested participants 2017-12-31 2
Fundng target for terminated vested participants 2017-12-31 12,348
Active participant vested funding target 2017-12-31 686,951
Number of active participants 2017-12-31 12
Total funding liabilities for active participants 2017-12-31 688,123
Total participant count 2017-12-31 18
Total funding target for all participants 2017-12-31 1,242,777
Balance at beginning of prior year after applicable adjustments 2017-12-31 486,523
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 2017-12-31 486,523
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
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 2017-12-31 524,277
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 59,211
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: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 3,721,083
Acturial value of plan assets 2016-12-31 3,721,083
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 550,878
Number of terminated vested participants 2016-12-31 2
Fundng target for terminated vested participants 2016-12-31 11,002
Active participant vested funding target 2016-12-31 578,340
Number of active participants 2016-12-31 13
Total funding liabilities for active participants 2016-12-31 595,308
Total participant count 2016-12-31 19
Total funding target for all participants 2016-12-31 1,157,188
Balance at beginning of prior year after applicable adjustments 2016-12-31 506,584
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
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 0
Amount remaining of carryover balance 2016-12-31 506,584
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 941,461
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 1,001,526
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 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 2016-12-31 486,523
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 0
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 0
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 45,398
Net shortfall amortization installment of oustanding balance 2016-12-31 0
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 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 0
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: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	5,851,472
Acturial value of plan assets	2022-12-31	5,851,472
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	935,089
Number of terminated vested participants	2022-12-31	3
Fundng target for terminated vested participants	2022-12-31	22,409
Active participant vested funding target	2022-12-31	1,064,773
Number of active participants	2022-12-31	13
Total funding liabilities for active participants	2022-12-31	1,173,561
Total participant count	2022-12-31	23
Total funding target for all participants	2022-12-31	2,131,059
Balance at beginning of prior year after applicable adjustments	2022-12-31	781,052
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	781,052
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	869,701
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	0
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	157,858
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	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	5,328,818
Acturial value of plan assets	2021-12-31	5,328,818
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	750,496
Number of terminated vested participants	2021-12-31	3
Fundng target for terminated vested participants	2021-12-31	23,647
Active participant vested funding target	2021-12-31	1,213,666
Number of active participants	2021-12-31	13
Total funding liabilities for active participants	2021-12-31	1,293,916
Total participant count	2021-12-31	22
Total funding target for all participants	2021-12-31	2,068,059
Balance at beginning of prior year after applicable adjustments	2021-12-31	684,113
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	684,113
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
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	781,052
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	175,336
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	4,767,918
Acturial value of plan assets	2020-12-31	4,767,918
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	750,292
Number of terminated vested participants	2020-12-31	3
Fundng target for terminated vested participants	2020-12-31	19,777
Active participant vested funding target	2020-12-31	951,187
Number of active participants	2020-12-31	12
Total funding liabilities for active participants	2020-12-31	1,000,304
Total participant count	2020-12-31	21
Total funding target for all participants	2020-12-31	1,770,373
Balance at beginning of prior year after applicable adjustments	2020-12-31	570,665
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	570,665
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	684,113
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	161,463
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	0
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	4,074,183
Acturial value of plan assets	2019-12-31	4,074,183
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	765,840
Number of terminated vested participants	2019-12-31	3
Fundng target for terminated vested participants	2019-12-31	17,811
Active participant vested funding target	2019-12-31	784,125
Number of active participants	2019-12-31	12
Total funding liabilities for active participants	2019-12-31	806,614
Total participant count	2019-12-31	21
Total funding target for all participants	2019-12-31	1,590,265
Balance at beginning of prior year after applicable adjustments	2019-12-31	603,495
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	603,495
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	570,665
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	144,654
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	0
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	4,414,680
Acturial value of plan assets	2018-12-31	4,414,680
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	608,753
Number of terminated vested participants	2018-12-31	3
Fundng target for terminated vested participants	2018-12-31	146,616
Active participant vested funding target	2018-12-31	629,849
Number of active participants	2018-12-31	11
Total funding liabilities for active participants	2018-12-31	630,936
Total participant count	2018-12-31	19
Total funding target for all participants	2018-12-31	1,386,305
Balance at beginning of prior year after applicable adjustments	2018-12-31	524,277
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	524,277
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 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	0
Balance of carryovers at beginning of current year	2018-12-31	603,495
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	68,598
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: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	3,919,963
Acturial value of plan assets	2017-12-31	3,919,963
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	542,306
Number of terminated vested participants	2017-12-31	2
Fundng target for terminated vested participants	2017-12-31	12,348
Active participant vested funding target	2017-12-31	686,951
Number of active participants	2017-12-31	12
Total funding liabilities for active participants	2017-12-31	688,123
Total participant count	2017-12-31	18
Total funding target for all participants	2017-12-31	1,242,777
Balance at beginning of prior year after applicable adjustments	2017-12-31	486,523
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	486,523
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
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	524,277
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	59,211
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: HAMPTON ROADS EDUCATORS' CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	3,721,083
Acturial value of plan assets	2016-12-31	3,721,083
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	550,878
Number of terminated vested participants	2016-12-31	2
Fundng target for terminated vested participants	2016-12-31	11,002
Active participant vested funding target	2016-12-31	578,340
Number of active participants	2016-12-31	13
Total funding liabilities for active participants	2016-12-31	595,308
Total participant count	2016-12-31	19
Total funding target for all participants	2016-12-31	1,157,188
Balance at beginning of prior year after applicable adjustments	2016-12-31	506,584
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
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	0
Amount remaining of carryover balance	2016-12-31	506,584
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	941,461
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	1,001,526
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	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	486,523
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	0
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	0
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	45,398
Net shortfall amortization installment of oustanding balance	2016-12-31	0
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	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	0
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:	HAMPTON ROADS EDUCATORS' CREDIT UNION
Employer identification number (EIN):	540623257
NAIC Classification:	522130
NAIC Description:	Credit Unions