FIRST FEDERAL BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan FIRST FEDERAL BANK EMPLOYEES' PENSION PLAN
Measure | Date | Value |
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2022: FIRST FEDERAL BANK EMPLOYEES' PENSION PLAN 2022 401k membership |
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Market value of plan assets | 2022-06-30 | 7,917,259 |
Acturial value of plan assets | 2022-06-30 | 7,917,259 |
Funding target for retired participants and beneficiaries receiving payment | 2022-06-30 | 3,806,132 |
Number of terminated vested participants | 2022-06-30 | 28 |
Fundng target for terminated vested participants | 2022-06-30 | 704,204 |
Active participant vested funding target | 2022-06-30 | 1,760,386 |
Number of active participants | 2022-06-30 | 34 |
Total funding liabilities for active participants | 2022-06-30 | 1,771,628 |
Total participant count | 2022-06-30 | 103 |
Total funding target for all participants | 2022-06-30 | 6,281,964 |
Balance at beginning of prior year after applicable adjustments | 2022-06-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-06-30 | 60,106 |
Amount remaining of carryover balance | 2022-06-30 | 0 |
Amount remaining of prefunding balance | 2022-06-30 | 60,106 |
Present value of excess contributions | 2022-06-30 | 950,398 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-06-30 | 1,001,434 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-06-30 | 1,001,434 |
Balance of carryovers at beginning of current year | 2022-06-30 | 0 |
Balance of prefunding at beginning of current year | 2022-06-30 | 1,069,510 |
Total employer contributions | 2022-06-30 | 0 |
Total employee contributions | 2022-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2022-06-30 | 4,000 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-06-30 | 0 |
Additional cash requirement | 2022-06-30 | 0 |
Unpaid minimum required contributions for current year | 2022-06-30 | 0 |
Unpaid minimum required contributions for all years | 2022-06-30 | 0 |
2021: FIRST FEDERAL BANK EMPLOYEES' PENSION PLAN 2021 401k membership |
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Market value of plan assets | 2021-06-30 | 6,472,594 |
Acturial value of plan assets | 2021-06-30 | 6,472,594 |
Funding target for retired participants and beneficiaries receiving payment | 2021-06-30 | 3,863,410 |
Number of terminated vested participants | 2021-06-30 | 28 |
Fundng target for terminated vested participants | 2021-06-30 | 707,667 |
Active participant vested funding target | 2021-06-30 | 1,799,823 |
Number of active participants | 2021-06-30 | 39 |
Total funding liabilities for active participants | 2021-06-30 | 1,841,411 |
Total participant count | 2021-06-30 | 106 |
Total funding target for all participants | 2021-06-30 | 6,412,488 |
Balance at beginning of prior year after applicable adjustments | 2021-06-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-06-30 | 132,972 |
Amount remaining of carryover balance | 2021-06-30 | 0 |
Amount remaining of prefunding balance | 2021-06-30 | 132,972 |
Present value of excess contributions | 2021-06-30 | 89,779 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-06-30 | 94,751 |
Reductions in prefunding balances due to elections or deemed elections | 2021-06-30 | 78,703 |
Balance of carryovers at beginning of current year | 2021-06-30 | 0 |
Balance of prefunding at beginning of current year | 2021-06-30 | 60,106 |
Total employer contributions | 2021-06-30 | 1,000,000 |
Total employee contributions | 2021-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-06-30 | 950,398 |
Remaining amount of unpaid minimum required contributions | 2021-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2021-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-06-30 | 0 |
Additional cash requirement | 2021-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-06-30 | 950,398 |
Unpaid minimum required contributions for current year | 2021-06-30 | 0 |
Unpaid minimum required contributions for all years | 2021-06-30 | 0 |
2020: FIRST FEDERAL BANK EMPLOYEES' PENSION PLAN 2020 401k membership |
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Market value of plan assets | 2020-06-30 | 6,429,085 |
Acturial value of plan assets | 2020-06-30 | 6,429,085 |
Funding target for retired participants and beneficiaries receiving payment | 2020-06-30 | 3,867,084 |
Number of terminated vested participants | 2020-06-30 | 29 |
Fundng target for terminated vested participants | 2020-06-30 | 729,924 |
Active participant vested funding target | 2020-06-30 | 1,657,492 |
Number of active participants | 2020-06-30 | 41 |
Total funding liabilities for active participants | 2020-06-30 | 1,699,105 |
Total participant count | 2020-06-30 | 107 |
Total funding target for all participants | 2020-06-30 | 6,296,113 |
Balance at beginning of prior year after applicable adjustments | 2020-06-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-06-30 | 126,421 |
Amount remaining of carryover balance | 2020-06-30 | 0 |
Amount remaining of prefunding balance | 2020-06-30 | 126,421 |
Present value of excess contributions | 2020-06-30 | 234,689 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-06-30 | 248,137 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-06-30 | 2,341 |
Balance of carryovers at beginning of current year | 2020-06-30 | 0 |
Balance of prefunding at beginning of current year | 2020-06-30 | 132,972 |
Total employer contributions | 2020-06-30 | 100,000 |
Total employee contributions | 2020-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-06-30 | 94,779 |
Unpaid minimum required contributions for all prior years | 2020-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2020-06-30 | 5,000 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-06-30 | 5,000 |
Additional cash requirement | 2020-06-30 | 5,000 |
Contributions allocatedtoward minimum required contributions for current year | 2020-06-30 | 94,779 |
Unpaid minimum required contributions for current year | 2020-06-30 | 0 |
Unpaid minimum required contributions for all years | 2020-06-30 | 0 |
2019: FIRST FEDERAL BANK EMPLOYEES' PENSION PLAN 2019 401k membership |
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Market value of plan assets | 2019-06-30 | 6,326,062 |
Acturial value of plan assets | 2019-06-30 | 6,326,062 |
Funding target for retired participants and beneficiaries receiving payment | 2019-06-30 | 3,886,411 |
Number of terminated vested participants | 2019-06-30 | 26 |
Fundng target for terminated vested participants | 2019-06-30 | 652,729 |
Active participant vested funding target | 2019-06-30 | 1,537,733 |
Number of active participants | 2019-06-30 | 48 |
Total funding liabilities for active participants | 2019-06-30 | 1,660,501 |
Total participant count | 2019-06-30 | 110 |
Total funding target for all participants | 2019-06-30 | 6,199,641 |
Balance at beginning of prior year after applicable adjustments | 2019-06-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-06-30 | 624,908 |
Amount remaining of carryover balance | 2019-06-30 | 0 |
Amount remaining of prefunding balance | 2019-06-30 | 624,908 |
Present value of excess contributions | 2019-06-30 | 161,253 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-06-30 | 170,767 |
Reductions in prefunding balances due to elections or deemed elections | 2019-06-30 | 503,611 |
Balance of carryovers at beginning of current year | 2019-06-30 | 0 |
Balance of prefunding at beginning of current year | 2019-06-30 | 126,421 |
Total employer contributions | 2019-06-30 | 250,000 |
Total employee contributions | 2019-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-06-30 | 234,689 |
Unpaid minimum required contributions for all prior years | 2019-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2019-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-06-30 | 0 |
Additional cash requirement | 2019-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-06-30 | 234,689 |
Unpaid minimum required contributions for current year | 2019-06-30 | 0 |
Unpaid minimum required contributions for all years | 2019-06-30 | 0 |
2018: FIRST FEDERAL BANK EMPLOYEES' PENSION PLAN 2018 401k membership |
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Market value of plan assets | 2018-06-30 | 6,333,852 |
Acturial value of plan assets | 2018-06-30 | 6,333,852 |
Funding target for retired participants and beneficiaries receiving payment | 2018-06-30 | 3,837,558 |
Number of terminated vested participants | 2018-06-30 | 23 |
Fundng target for terminated vested participants | 2018-06-30 | 488,477 |
Active participant vested funding target | 2018-06-30 | 1,277,466 |
Number of active participants | 2018-06-30 | 44 |
Total funding liabilities for active participants | 2018-06-30 | 1,380,213 |
Total participant count | 2018-06-30 | 104 |
Total funding target for all participants | 2018-06-30 | 5,706,248 |
Balance at beginning of prior year after applicable adjustments | 2018-06-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-06-30 | 794,747 |
Prefunding balanced used to offset prior years funding requirement | 2018-06-30 | 0 |
Amount remaining of carryover balance | 2018-06-30 | 0 |
Amount remaining of prefunding balance | 2018-06-30 | 794,747 |
Present value of excess contributions | 2018-06-30 | 91,952 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-06-30 | 97,543 |
Reductions in prefunding balances due to elections or deemed elections | 2018-06-30 | 192,251 |
Balance of carryovers at beginning of current year | 2018-06-30 | 0 |
Balance of prefunding at beginning of current year | 2018-06-30 | 624,908 |
Total employer contributions | 2018-06-30 | 300,000 |
Total employee contributions | 2018-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-06-30 | 280,585 |
Remaining amount of unpaid minimum required contributions | 2018-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2018-06-30 | 122,028 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-06-30 | 119,332 |
Additional cash requirement | 2018-06-30 | 119,332 |
Contributions allocatedtoward minimum required contributions for current year | 2018-06-30 | 280,585 |
Unpaid minimum required contributions for current year | 2018-06-30 | 0 |
Unpaid minimum required contributions for all years | 2018-06-30 | 0 |
2017: FIRST FEDERAL BANK EMPLOYEES' PENSION PLAN 2017 401k membership |
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Market value of plan assets | 2017-06-30 | 6,285,569 |
Acturial value of plan assets | 2017-06-30 | 6,285,569 |
Funding target for retired participants and beneficiaries receiving payment | 2017-06-30 | 3,633,616 |
Number of terminated vested participants | 2017-06-30 | 20 |
Fundng target for terminated vested participants | 2017-06-30 | 491,385 |
Active participant vested funding target | 2017-06-30 | 1,290,146 |
Number of active participants | 2017-06-30 | 52 |
Total funding liabilities for active participants | 2017-06-30 | 1,365,821 |
Total participant count | 2017-06-30 | 106 |
Total funding target for all participants | 2017-06-30 | 5,490,822 |
Balance at beginning of prior year after applicable adjustments | 2017-06-30 | 15,183 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-06-30 | 676,218 |
Amount remaining of carryover balance | 2017-06-30 | 15,183 |
Amount remaining of prefunding balance | 2017-06-30 | 676,218 |
Present value of excess contributions | 2017-06-30 | 587,455 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-06-30 | 624,288 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-06-30 | 90,872 |
Reductions in caryover balances due to elections or deemed elections | 2017-06-30 | 15,804 |
Balance of carryovers at beginning of current year | 2017-06-30 | 0 |
Balance of prefunding at beginning of current year | 2017-06-30 | 794,747 |
Total employer contributions | 2017-06-30 | 200,000 |
Total employee contributions | 2017-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-06-30 | 187,130 |
Liquidity shortfalls end of Q1 | 2017-06-30 | 0 |
Liquidity shortfalls end of Q2 | 2017-06-30 | 0 |
Liquidity shortfalls end of Q3 | 2017-06-30 | 0 |
Liquidity shortfalls end of Q4 | 2017-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2017-06-30 | 95,178 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-06-30 | 95,178 |
Additional cash requirement | 2017-06-30 | 95,178 |
Contributions allocatedtoward minimum required contributions for current year | 2017-06-30 | 187,130 |
Unpaid minimum required contributions for current year | 2017-06-30 | 0 |
Unpaid minimum required contributions for all years | 2017-06-30 | 0 |