401k Plan data: CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN plan

CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN
Plan identification number	001

CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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

CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON has sponsored the creation of one or more 401k plans.

Company Name: CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON

Employer identification number (EIN): 610156535

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-07-01 DAVID SCHROEDER 2018-09-05
001 2017-07-01 DAVID SCHROEDER 2018-09-05
001 2016-07-01 DAVID SCHROEDER 2018-04-16
001 2016-04-01 DAVID SCHROEDER

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2017-07-01	DAVID SCHROEDER	2018-09-05
001	2017-07-01	DAVID SCHROEDER	2018-09-05
001	2016-07-01	DAVID SCHROEDER	2018-04-16
001	2016-04-01	DAVID SCHROEDER

Plan Statistics for CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN

401k plan membership statisitcs for CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN

Measure Date Value
2017: CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets 2017-06-30 824,791
Acturial value of plan assets 2017-06-30 824,791
Funding target for retired participants and beneficiaries receiving payment 2017-06-30 0
Number of terminated vested participants 2017-06-30 1
Fundng target for terminated vested participants 2017-06-30 66,202
Active participant vested funding target 2017-06-30 428,584
Number of active participants 2017-06-30 2
Total funding liabilities for active participants 2017-06-30 428,584
Total participant count 2017-06-30 3
Total funding target for all participants 2017-06-30 494,786
Balance at beginning of prior year after applicable adjustments 2017-06-30 587,224
Prefunding balance at beginning of prior year after applicable adjustments 2017-06-30 129,249
Amount remaining of carryover balance 2017-06-30 587,224
Amount remaining of prefunding balance 2017-06-30 129,249
Present value of excess contributions 2017-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-06-30 0
Reductions in caryover balances due to elections or deemed elections 2017-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2017-06-30 0
Balance of carryovers at beginning of current year 2017-06-30 588,222
Balance of prefunding at beginning of current year 2017-06-30 129,469
Total employer contributions 2017-06-30 0
Total employee contributions 2017-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2017-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-06-30 0
Unpaid minimum required contributions for all prior years 2017-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 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 0
Net shortfall amortization installment of oustanding balance 2017-06-30 0
Waiver amortization installment 2017-06-30 0
Waived amount of outstanding balance 2017-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2017-06-30 0
Additional cash requirement 2017-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2017-06-30 0
Unpaid minimum required contributions for current year 2017-06-30 0
Unpaid minimum required contributions for all years 2017-06-30 0
2016: CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets 2016-06-30 823,352
Acturial value of plan assets 2016-06-30 823,352
Funding target for retired participants and beneficiaries receiving payment 2016-06-30 0
Number of terminated vested participants 2016-06-30 1
Fundng target for terminated vested participants 2016-06-30 66,364
Active participant vested funding target 2016-06-30 427,622
Number of active participants 2016-06-30 2
Total funding liabilities for active participants 2016-06-30 427,622
Total participant count 2016-06-30 3
Total funding target for all participants 2016-06-30 493,986
Balance at beginning of prior year after applicable adjustments 2016-06-30 588,873
Prefunding balance at beginning of prior year after applicable adjustments 2016-06-30 129,612
Carryover balanced portion elected for use to offset prior years funding requirement 2016-06-30 0
Prefunding balanced used to offset prior years funding requirement 2016-06-30 0
Amount remaining of carryover balance 2016-06-30 588,873
Amount remaining of prefunding balance 2016-06-30 129,612
Present value of excess contributions 2016-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-06-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-06-30 0
Reductions in caryover balances due to elections or deemed elections 2016-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2016-06-30 0
Balance of carryovers at beginning of current year 2016-06-30 587,224
Balance of prefunding at beginning of current year 2016-06-30 129,249
Total employer contributions 2016-06-30 0
Total employee contributions 2016-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2016-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-06-30 0
Unpaid minimum required contributions for all prior years 2016-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-06-30 0
Remaining amount of unpaid minimum required contributions 2016-06-30 0
Minimum required contributions for current year target normal cost 2016-06-30 0
Net shortfall amortization installment of oustanding balance 2016-06-30 0
Waiver amortization installment 2016-06-30 0
Waived amount of outstanding balance 2016-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2016-06-30 0
Additional cash requirement 2016-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2016-06-30 0
Unpaid minimum required contributions for current year 2016-06-30 0
Unpaid minimum required contributions for all years 2016-06-30 0
Total participants, beginning-of-year 2016-04-01 3
Total number of active participants reported on line 7a of the Form 5500 2016-04-01 2
Number of retired or separated participants receiving benefits 2016-04-01 0
Number of other retired or separated participants entitled to future benefits 2016-04-01 1
Total of all active and inactive participants 2016-04-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-04-01 0
Total participants 2016-04-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-04-01 0

Measure	Date	Value
2017: CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-06-30	824,791
Acturial value of plan assets	2017-06-30	824,791
Funding target for retired participants and beneficiaries receiving payment	2017-06-30	0
Number of terminated vested participants	2017-06-30	1
Fundng target for terminated vested participants	2017-06-30	66,202
Active participant vested funding target	2017-06-30	428,584
Number of active participants	2017-06-30	2
Total funding liabilities for active participants	2017-06-30	428,584
Total participant count	2017-06-30	3
Total funding target for all participants	2017-06-30	494,786
Balance at beginning of prior year after applicable adjustments	2017-06-30	587,224
Prefunding balance at beginning of prior year after applicable adjustments	2017-06-30	129,249
Amount remaining of carryover balance	2017-06-30	587,224
Amount remaining of prefunding balance	2017-06-30	129,249
Present value of excess contributions	2017-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-06-30	0
Reductions in caryover balances due to elections or deemed elections	2017-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2017-06-30	0
Balance of carryovers at beginning of current year	2017-06-30	588,222
Balance of prefunding at beginning of current year	2017-06-30	129,469
Total employer contributions	2017-06-30	0
Total employee contributions	2017-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2017-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-06-30	0
Unpaid minimum required contributions for all prior years	2017-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	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	0
Net shortfall amortization installment of oustanding balance	2017-06-30	0
Waiver amortization installment	2017-06-30	0
Waived amount of outstanding balance	2017-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2017-06-30	0
Additional cash requirement	2017-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2017-06-30	0
Unpaid minimum required contributions for current year	2017-06-30	0
Unpaid minimum required contributions for all years	2017-06-30	0
2016: CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets	2016-06-30	823,352
Acturial value of plan assets	2016-06-30	823,352
Funding target for retired participants and beneficiaries receiving payment	2016-06-30	0
Number of terminated vested participants	2016-06-30	1
Fundng target for terminated vested participants	2016-06-30	66,364
Active participant vested funding target	2016-06-30	427,622
Number of active participants	2016-06-30	2
Total funding liabilities for active participants	2016-06-30	427,622
Total participant count	2016-06-30	3
Total funding target for all participants	2016-06-30	493,986
Balance at beginning of prior year after applicable adjustments	2016-06-30	588,873
Prefunding balance at beginning of prior year after applicable adjustments	2016-06-30	129,612
Carryover balanced portion elected for use to offset prior years funding requirement	2016-06-30	0
Prefunding balanced used to offset prior years funding requirement	2016-06-30	0
Amount remaining of carryover balance	2016-06-30	588,873
Amount remaining of prefunding balance	2016-06-30	129,612
Present value of excess contributions	2016-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-06-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-06-30	0
Reductions in caryover balances due to elections or deemed elections	2016-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2016-06-30	0
Balance of carryovers at beginning of current year	2016-06-30	587,224
Balance of prefunding at beginning of current year	2016-06-30	129,249
Total employer contributions	2016-06-30	0
Total employee contributions	2016-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2016-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-06-30	0
Unpaid minimum required contributions for all prior years	2016-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-06-30	0
Remaining amount of unpaid minimum required contributions	2016-06-30	0
Minimum required contributions for current year target normal cost	2016-06-30	0
Net shortfall amortization installment of oustanding balance	2016-06-30	0
Waiver amortization installment	2016-06-30	0
Waived amount of outstanding balance	2016-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2016-06-30	0
Additional cash requirement	2016-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2016-06-30	0
Unpaid minimum required contributions for current year	2016-06-30	0
Unpaid minimum required contributions for all years	2016-06-30	0
Total participants, beginning-of-year	2016-04-01	3
Total number of active participants reported on line 7a of the Form 5500	2016-04-01	2
Number of retired or separated participants receiving benefits	2016-04-01	0
Number of other retired or separated participants entitled to future benefits	2016-04-01	1
Total of all active and inactive participants	2016-04-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-04-01	0
Total participants	2016-04-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-04-01	0

Financial Data on CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN

Measure	Date	Value
2016 : CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN 2016 401k financial data
Total income from all sources	2016-06-30	$1,439
Expenses. Total of all expenses incurred	2016-06-30	$0
Total plan assets at end of year	2016-06-30	$824,791
Total plan assets at beginning of year	2016-06-30	$823,352
Value of fidelity bond covering the plan	2016-06-30	$500,000
Other income received	2016-06-30	$1,439
Net income (gross income less expenses)	2016-06-30	$1,439
Net plan assets at end of year (total assets less liabilities)	2016-06-30	$824,791
Net plan assets at beginning of year (total assets less liabilities)	2016-06-30	$823,352
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-06-30	$0

Form 5500 Responses for CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN

2016: CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON DEFINED BENEFIT PLAN 2016 form 5500 responses
2016-04-01	Type of plan entity	Single employer plan
2016-04-01	First time form 5500 has been submitted	Yes
2016-04-01	Submission has been amended	No
2016-04-01	This submission is the final filing	No
2016-04-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2016-04-01	Plan is a collectively bargained plan	No
2016-04-01	Plan funding arrangement – Trust	Yes
2016-04-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF COVINGTON
Employer identification number (EIN):	610156535
NAIC Classification:	522110
NAIC Description:	Commercial Banking