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MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 401k Plan overview

Plan NameMOUNTAIN VALLEY BANK, N.A. PENSION PLAN
Plan identification number 001

MOUNTAIN VALLEY BANK, N.A. PENSION PLAN Benefits

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

MOUNTAIN VALLEY BANK, N.A. has sponsored the creation of one or more 401k plans.

Company Name:MOUNTAIN VALLEY BANK, N.A.
Employer identification number (EIN):550250267
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MOUNTAIN VALLEY BANK, N.A. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01DOUGLAS K. WEESE2023-02-17
0012021-01-01RICHARD HARVEY2022-06-23
0012020-01-01RICHARD HARVEY2021-03-11
0012018-01-01RICHARD HARVEY2019-03-21
0012017-01-01RICHARD HARVEY2018-07-30
0012016-01-01RICHARD HARVEY2017-02-09
0012015-01-01RICHARD HARVEY2016-03-30
0012014-01-01RICHARD HARVEY2015-05-07
0012013-01-01RICHARD HARVEY2014-02-24
0012012-01-01RICHARD HARVEY2013-04-19
0012011-01-01RICHARD HARVEY2012-02-24
0012010-01-01RICHARD HARVEY2011-01-27

Plan Statistics for MOUNTAIN VALLEY BANK, N.A. PENSION PLAN

401k plan membership statisitcs for MOUNTAIN VALLEY BANK, N.A. PENSION PLAN

Measure Date Value
2022: MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-313,904,871
Acturial value of plan assets2022-12-313,904,871
Funding target for retired participants and beneficiaries receiving payment2022-12-31670,512
Number of terminated vested participants2022-12-315
Fundng target for terminated vested participants2022-12-31177,348
Active participant vested funding target2022-12-311,732,279
Number of active participants2022-12-3137
Total funding liabilities for active participants2022-12-311,740,728
Total participant count2022-12-3151
Total funding target for all participants2022-12-312,588,588
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31482,405
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31482,405
Present value of excess contributions2022-12-31349,809
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31367,404
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31529,005
Total employer contributions2022-12-31300,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31299,866
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31141,138
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31299,866
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-314,451,693
Acturial value of plan assets2021-12-314,451,693
Funding target for retired participants and beneficiaries receiving payment2021-12-31724,296
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-31178,956
Active participant vested funding target2021-12-312,548,723
Number of active participants2021-12-3137
Total funding liabilities for active participants2021-12-312,553,222
Total participant count2021-12-3152
Total funding target for all participants2021-12-313,456,474
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31455,400
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31455,400
Present value of excess contributions2021-12-31299,646
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31315,977
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31482,405
Total employer contributions2021-12-31350,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31349,809
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31150,073
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31349,809
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-314,147,802
Acturial value of plan assets2020-12-314,147,802
Funding target for retired participants and beneficiaries receiving payment2020-12-31755,075
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-31259,326
Active participant vested funding target2020-12-312,094,494
Number of active participants2020-12-3137
Total funding liabilities for active participants2020-12-312,098,565
Total participant count2020-12-3153
Total funding target for all participants2020-12-313,112,966
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31400,000
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31400,000
Present value of excess contributions2020-12-31313,201
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31330,803
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31455,400
Total employer contributions2020-12-31300,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31299,646
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31193,590
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31299,646
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,424,289
Acturial value of plan assets2019-12-313,424,289
Funding target for retired participants and beneficiaries receiving payment2019-12-31769,502
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-31103,628
Active participant vested funding target2019-12-311,899,171
Number of active participants2019-12-3137
Total funding liabilities for active participants2019-12-311,901,856
Total participant count2019-12-3151
Total funding target for all participants2019-12-312,774,986
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31665,671
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31665,671
Present value of excess contributions2019-12-31213,193
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31225,558
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31251,426
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31400,000
Total employer contributions2019-12-31320,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31313,201
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31183,800
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31313,201
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-313,723,312
Acturial value of plan assets2018-12-313,723,312
Funding target for retired participants and beneficiaries receiving payment2018-12-31753,105
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-3195,151
Active participant vested funding target2018-12-311,897,799
Number of active participants2018-12-3138
Total funding liabilities for active participants2018-12-311,900,888
Total participant count2018-12-3151
Total funding target for all participants2018-12-312,749,144
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31594,615
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31594,615
Present value of excess contributions2018-12-31212,763
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31225,529
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31665,671
Total employer contributions2018-12-31220,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31213,193
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31173,727
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31213,193
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-313,265,360
Acturial value of plan assets2017-12-313,265,360
Funding target for retired participants and beneficiaries receiving payment2017-12-31736,647
Number of terminated vested participants2017-12-313
Fundng target for terminated vested participants2017-12-3183,887
Active participant vested funding target2017-12-311,572,135
Number of active participants2017-12-3136
Total funding liabilities for active participants2017-12-311,578,822
Total participant count2017-12-3149
Total funding target for all participants2017-12-312,399,356
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31555,455
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31555,455
Present value of excess contributions2017-12-31349,429
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31371,094
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31594,615
Total employer contributions2017-12-31220,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31212,763
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31152,999
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31212,763
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: MOUNTAIN VALLEY BANK, N.A. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,920,772
Acturial value of plan assets2016-12-312,920,772
Funding target for retired participants and beneficiaries receiving payment2016-12-31340,374
Number of terminated vested participants2016-12-314
Fundng target for terminated vested participants2016-12-31234,179
Active participant vested funding target2016-12-311,694,190
Number of active participants2016-12-3140
Total funding liabilities for active participants2016-12-311,694,919
Total participant count2016-12-3152
Total funding target for all participants2016-12-312,269,472
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31555,288
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31555,288
Present value of excess contributions2016-12-31193,144
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31205,486
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31555,455
Total employer contributions2016-12-31420,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31402,479
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31148,895
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3153,050
Additional cash requirement2016-12-3153,050
Contributions allocatedtoward minimum required contributions for current year2016-12-31402,479
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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