401k Plan data: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST plan

FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 401k Plan overview

Plan Name	FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST
Plan identification number	001

FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 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).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
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

FIRST & PEOPLES BANK OF RUSSELL KENTUCKY has sponsored the creation of one or more 401k plans.

Company Name: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY

Employer identification number (EIN): 610192790

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-06-01 ROBERT SORRELL 2023-12-19
001 2022-01-01 ROBERT SORRELL 2023-03-21
001 2021-06-01 ROBERT SORRELL 2022-12-28
001 2020-06-01 ROBERT SORRELL 2022-02-25
001 2019-06-01 ROBERT SORRELL 2020-12-23
001 2018-06-01 ROBERT SORRELL 2019-12-18
001 2017-06-01 ROBERT SORRELL 2018-12-17
001 2016-06-01 ROBERT SORRELL 2017-11-21
001 2015-06-01 ROBERT SORRELL 2016-07-29
001 2014-06-01 ROBERT SORRELL 2015-11-25
001 2013-06-01 ROBERT SORRELL 2014-12-17
001 2012-06-01 ROBERT SORRELL 2013-11-22
001 2011-06-01 ROBERT SORRELL 2012-11-23
001 2010-06-01 ROBERT SORRELL 2011-11-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-06-01	ROBERT SORRELL	2023-12-19
001	2022-01-01	ROBERT SORRELL	2023-03-21
001	2021-06-01	ROBERT SORRELL	2022-12-28
001	2020-06-01	ROBERT SORRELL	2022-02-25
001	2019-06-01	ROBERT SORRELL	2020-12-23
001	2018-06-01	ROBERT SORRELL	2019-12-18
001	2017-06-01	ROBERT SORRELL	2018-12-17
001	2016-06-01	ROBERT SORRELL	2017-11-21
001	2015-06-01	ROBERT SORRELL	2016-07-29
001	2014-06-01	ROBERT SORRELL	2015-11-25
001	2013-06-01	ROBERT SORRELL	2014-12-17
001	2012-06-01	ROBERT SORRELL	2013-11-22
001	2011-06-01	ROBERT SORRELL	2012-11-23
001	2010-06-01	ROBERT SORRELL	2011-11-01

Plan Statistics for FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST

401k plan membership statisitcs for FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST

Measure Date Value
2023: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2023 401k membership
Market value of plan assets 2023-05-31 9,624,033
Acturial value of plan assets 2023-05-31 9,624,033
Funding target for retired participants and beneficiaries receiving payment 2023-05-31 2,434,147
Number of terminated vested participants 2023-05-31 2
Fundng target for terminated vested participants 2023-05-31 5,737
Active participant vested funding target 2023-05-31 4,421,232
Number of active participants 2023-05-31 45
Total funding liabilities for active participants 2023-05-31 4,429,200
Total participant count 2023-05-31 61
Total funding target for all participants 2023-05-31 6,869,084
Balance at beginning of prior year after applicable adjustments 2023-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2023-05-31 2,927,355
Amount remaining of carryover balance 2023-05-31 0
Amount remaining of prefunding balance 2023-05-31 2,927,355
Present value of excess contributions 2023-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-05-31 0
Reductions in caryover balances due to elections or deemed elections 2023-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2023-05-31 139,106
Balance of carryovers at beginning of current year 2023-05-31 0
Balance of prefunding at beginning of current year 2023-05-31 2,623,439
Total employer contributions 2023-05-31 0
Total employee contributions 2023-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2023-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2023-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-05-31 0
Unpaid minimum required contributions for all prior years 2023-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-05-31 0
Remaining amount of unpaid minimum required contributions 2023-05-31 0
Minimum required contributions for current year target normal cost 2023-05-31 131,510
Net shortfall amortization installment of oustanding balance 2023-05-31 0
Waiver amortization installment 2023-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2023-05-31 0
Additional cash requirement 2023-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2023-05-31 0
Unpaid minimum required contributions for current year 2023-05-31 0
Unpaid minimum required contributions for all years 2023-05-31 0
2022: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2022 401k membership
Market value of plan assets 2022-05-31 11,669,513
Acturial value of plan assets 2022-05-31 11,669,513
Funding target for retired participants and beneficiaries receiving payment 2022-05-31 2,630,181
Number of terminated vested participants 2022-05-31 2
Fundng target for terminated vested participants 2022-05-31 5,991
Active participant vested funding target 2022-05-31 5,259,133
Number of active participants 2022-05-31 51
Total funding liabilities for active participants 2022-05-31 5,263,362
Total participant count 2022-05-31 66
Total funding target for all participants 2022-05-31 7,899,534
Balance at beginning of prior year after applicable adjustments 2022-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-05-31 2,591,231
Carryover balanced portion elected for use to offset prior years funding requirement 2022-05-31 0
Prefunding balanced used to offset prior years funding requirement 2022-05-31 196,275
Amount remaining of carryover balance 2022-05-31 0
Amount remaining of prefunding balance 2022-05-31 2,394,956
Present value of excess contributions 2022-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-05-31 0
Reductions in caryover balances due to elections or deemed elections 2022-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-05-31 0
Balance of carryovers at beginning of current year 2022-05-31 0
Balance of prefunding at beginning of current year 2022-05-31 2,927,355
Total employer contributions 2022-05-31 0
Total employee contributions 2022-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-05-31 0
Unpaid minimum required contributions for all prior years 2022-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-05-31 0
Remaining amount of unpaid minimum required contributions 2022-05-31 0
Minimum required contributions for current year target normal cost 2022-05-31 177,055
Net shortfall amortization installment of oustanding balance 2022-05-31 0
Waiver amortization installment 2022-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-05-31 0
Additional cash requirement 2022-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-05-31 0
Unpaid minimum required contributions for current year 2022-05-31 0
Unpaid minimum required contributions for all years 2022-05-31 0
2021: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2021 401k membership
Market value of plan assets 2021-05-31 9,930,282
Acturial value of plan assets 2021-05-31 9,930,282
Funding target for retired participants and beneficiaries receiving payment 2021-05-31 2,654,287
Number of terminated vested participants 2021-05-31 2
Fundng target for terminated vested participants 2021-05-31 5,075
Active participant vested funding target 2021-05-31 4,720,564
Number of active participants 2021-05-31 56
Total funding liabilities for active participants 2021-05-31 4,724,218
Total participant count 2021-05-31 71
Total funding target for all participants 2021-05-31 7,383,580
Balance at beginning of prior year after applicable adjustments 2021-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-05-31 2,431,939
Carryover balanced portion elected for use to offset prior years funding requirement 2021-05-31 0
Prefunding balanced used to offset prior years funding requirement 2021-05-31 0
Amount remaining of carryover balance 2021-05-31 0
Amount remaining of prefunding balance 2021-05-31 2,431,939
Present value of excess contributions 2021-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-05-31 0
Reductions in caryover balances due to elections or deemed elections 2021-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-05-31 0
Balance of carryovers at beginning of current year 2021-05-31 0
Balance of prefunding at beginning of current year 2021-05-31 2,591,231
Total employer contributions 2021-05-31 0
Total employee contributions 2021-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-05-31 0
Unpaid minimum required contributions for all prior years 2021-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-05-31 0
Remaining amount of unpaid minimum required contributions 2021-05-31 0
Minimum required contributions for current year target normal cost 2021-05-31 189,063
Net shortfall amortization installment of oustanding balance 2021-05-31 0
Waiver amortization installment 2021-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-05-31 0
Additional cash requirement 2021-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-05-31 0
Unpaid minimum required contributions for current year 2021-05-31 0
Unpaid minimum required contributions for all years 2021-05-31 0
2020: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2020 401k membership
Market value of plan assets 2020-05-31 9,802,034
Acturial value of plan assets 2020-05-31 9,802,034
Funding target for retired participants and beneficiaries receiving payment 2020-05-31 2,720,831
Number of terminated vested participants 2020-05-31 2
Fundng target for terminated vested participants 2020-05-31 5,132
Active participant vested funding target 2020-05-31 4,435,124
Number of active participants 2020-05-31 55
Total funding liabilities for active participants 2020-05-31 4,446,541
Total participant count 2020-05-31 68
Total funding target for all participants 2020-05-31 7,172,504
Balance at beginning of prior year after applicable adjustments 2020-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-05-31 3,009,290
Carryover balanced portion elected for use to offset prior years funding requirement 2020-05-31 0
Prefunding balanced used to offset prior years funding requirement 2020-05-31 0
Amount remaining of carryover balance 2020-05-31 0
Amount remaining of prefunding balance 2020-05-31 3,009,290
Present value of excess contributions 2020-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-05-31 0
Reductions in caryover balances due to elections or deemed elections 2020-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-05-31 642,352
Balance of carryovers at beginning of current year 2020-05-31 0
Balance of prefunding at beginning of current year 2020-05-31 2,431,939
Total employer contributions 2020-05-31 0
Total employee contributions 2020-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-05-31 0
Unpaid minimum required contributions for all prior years 2020-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-05-31 0
Remaining amount of unpaid minimum required contributions 2020-05-31 0
Minimum required contributions for current year target normal cost 2020-05-31 197,591
Net shortfall amortization installment of oustanding balance 2020-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-05-31 0
Carryover balance elected to use to offset funding requirement 2020-05-31 0
Prefunding balance elected to use to offset funding requirement 2020-05-31 0
Additional cash requirement 2020-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-05-31 0
Unpaid minimum required contributions for current year 2020-05-31 0
Unpaid minimum required contributions for all years 2020-05-31 0
2019: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2019 401k membership
Market value of plan assets 2019-05-31 10,350,147
Acturial value of plan assets 2019-05-31 10,350,147
Funding target for retired participants and beneficiaries receiving payment 2019-05-31 2,609,958
Number of terminated vested participants 2019-05-31 4
Fundng target for terminated vested participants 2019-05-31 73,144
Active participant vested funding target 2019-05-31 4,379,614
Number of active participants 2019-05-31 60
Total funding liabilities for active participants 2019-05-31 4,390,182
Total participant count 2019-05-31 74
Total funding target for all participants 2019-05-31 7,073,284
Balance at beginning of prior year after applicable adjustments 2019-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-05-31 2,813,735
Carryover balanced portion elected for use to offset prior years funding requirement 2019-05-31 0
Prefunding balanced used to offset prior years funding requirement 2019-05-31 0
Amount remaining of carryover balance 2019-05-31 0
Amount remaining of prefunding balance 2019-05-31 2,813,735
Present value of excess contributions 2019-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-05-31 0
Reductions in caryover balances due to elections or deemed elections 2019-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-05-31 0
Balance of carryovers at beginning of current year 2019-05-31 0
Balance of prefunding at beginning of current year 2019-05-31 3,009,290
Total employer contributions 2019-05-31 0
Total employee contributions 2019-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-05-31 0
Unpaid minimum required contributions for all prior years 2019-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-05-31 0
Remaining amount of unpaid minimum required contributions 2019-05-31 0
Minimum required contributions for current year target normal cost 2019-05-31 194,050
Net shortfall amortization installment of oustanding balance 2019-05-31 0
Waiver amortization installment 2019-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-05-31 0
Additional cash requirement 2019-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-05-31 0
Unpaid minimum required contributions for current year 2019-05-31 0
Unpaid minimum required contributions for all years 2019-05-31 0
2018: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2018 401k membership
Market value of plan assets 2018-05-31 9,925,062
Acturial value of plan assets 2018-05-31 9,925,062
Funding target for retired participants and beneficiaries receiving payment 2018-05-31 2,649,139
Number of terminated vested participants 2018-05-31 3
Fundng target for terminated vested participants 2018-05-31 19,079
Active participant vested funding target 2018-05-31 3,916,165
Number of active participants 2018-05-31 64
Total funding liabilities for active participants 2018-05-31 3,926,252
Total participant count 2018-05-31 77
Total funding target for all participants 2018-05-31 6,594,470
Balance at beginning of prior year after applicable adjustments 2018-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-05-31 2,583,067
Amount remaining of carryover balance 2018-05-31 0
Amount remaining of prefunding balance 2018-05-31 2,583,067
Present value of excess contributions 2018-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-05-31 0
Reductions in caryover balances due to elections or deemed elections 2018-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-05-31 0
Balance of carryovers at beginning of current year 2018-05-31 0
Balance of prefunding at beginning of current year 2018-05-31 2,813,735
Total employer contributions 2018-05-31 0
Total employee contributions 2018-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-05-31 0
Unpaid minimum required contributions for all prior years 2018-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-05-31 0
Remaining amount of unpaid minimum required contributions 2018-05-31 0
Minimum required contributions for current year target normal cost 2018-05-31 154,266
Net shortfall amortization installment of oustanding balance 2018-05-31 0
Waiver amortization installment 2018-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-05-31 0
Carryover balance elected to use to offset funding requirement 2018-05-31 0
Prefunding balance elected to use to offset funding requirement 2018-05-31 0
Additional cash requirement 2018-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-05-31 0
Unpaid minimum required contributions for current year 2018-05-31 0
Unpaid minimum required contributions for all years 2018-05-31 0
2017: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2017 401k membership
Market value of plan assets 2017-05-31 9,363,191
Acturial value of plan assets 2017-05-31 9,363,191
Funding target for retired participants and beneficiaries receiving payment 2017-05-31 2,785,997
Number of terminated vested participants 2017-05-31 3
Fundng target for terminated vested participants 2017-05-31 45,370
Active participant vested funding target 2017-05-31 3,469,750
Number of active participants 2017-05-31 64
Total funding liabilities for active participants 2017-05-31 3,484,365
Total participant count 2017-05-31 78
Total funding target for all participants 2017-05-31 6,315,732
Balance at beginning of prior year after applicable adjustments 2017-05-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-05-31 2,592,920
Carryover balanced portion elected for use to offset prior years funding requirement 2017-05-31 0
Prefunding balanced used to offset prior years funding requirement 2017-05-31 0
Amount remaining of carryover balance 2017-05-31 0
Amount remaining of prefunding balance 2017-05-31 2,592,920
Present value of excess contributions 2017-05-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-05-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-05-31 0
Reductions in caryover balances due to elections or deemed elections 2017-05-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-05-31 0
Balance of carryovers at beginning of current year 2017-05-31 0
Balance of prefunding at beginning of current year 2017-05-31 2,583,067
Total employer contributions 2017-05-31 0
Total employee contributions 2017-05-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-05-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-05-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-05-31 0
Unpaid minimum required contributions for all prior years 2017-05-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-05-31 0
Remaining amount of unpaid minimum required contributions 2017-05-31 0
Minimum required contributions for current year target normal cost 2017-05-31 137,024
Net shortfall amortization installment of oustanding balance 2017-05-31 0
Waiver amortization installment 2017-05-31 0
Waived amount of outstanding balance 2017-05-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-05-31 0
Carryover balance elected to use to offset funding requirement 2017-05-31 0
Prefunding balance elected to use to offset funding requirement 2017-05-31 0
Additional cash requirement 2017-05-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-05-31 0
Unpaid minimum required contributions for current year 2017-05-31 0
Unpaid minimum required contributions for all years 2017-05-31 0

Measure	Date	Value
2023: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2023 401k membership
Market value of plan assets	2023-05-31	9,624,033
Acturial value of plan assets	2023-05-31	9,624,033
Funding target for retired participants and beneficiaries receiving payment	2023-05-31	2,434,147
Number of terminated vested participants	2023-05-31	2
Fundng target for terminated vested participants	2023-05-31	5,737
Active participant vested funding target	2023-05-31	4,421,232
Number of active participants	2023-05-31	45
Total funding liabilities for active participants	2023-05-31	4,429,200
Total participant count	2023-05-31	61
Total funding target for all participants	2023-05-31	6,869,084
Balance at beginning of prior year after applicable adjustments	2023-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2023-05-31	2,927,355
Amount remaining of carryover balance	2023-05-31	0
Amount remaining of prefunding balance	2023-05-31	2,927,355
Present value of excess contributions	2023-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-05-31	0
Reductions in caryover balances due to elections or deemed elections	2023-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2023-05-31	139,106
Balance of carryovers at beginning of current year	2023-05-31	0
Balance of prefunding at beginning of current year	2023-05-31	2,623,439
Total employer contributions	2023-05-31	0
Total employee contributions	2023-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2023-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2023-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-05-31	0
Unpaid minimum required contributions for all prior years	2023-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-05-31	0
Remaining amount of unpaid minimum required contributions	2023-05-31	0
Minimum required contributions for current year target normal cost	2023-05-31	131,510
Net shortfall amortization installment of oustanding balance	2023-05-31	0
Waiver amortization installment	2023-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2023-05-31	0
Additional cash requirement	2023-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2023-05-31	0
Unpaid minimum required contributions for current year	2023-05-31	0
Unpaid minimum required contributions for all years	2023-05-31	0
2022: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2022 401k membership
Market value of plan assets	2022-05-31	11,669,513
Acturial value of plan assets	2022-05-31	11,669,513
Funding target for retired participants and beneficiaries receiving payment	2022-05-31	2,630,181
Number of terminated vested participants	2022-05-31	2
Fundng target for terminated vested participants	2022-05-31	5,991
Active participant vested funding target	2022-05-31	5,259,133
Number of active participants	2022-05-31	51
Total funding liabilities for active participants	2022-05-31	5,263,362
Total participant count	2022-05-31	66
Total funding target for all participants	2022-05-31	7,899,534
Balance at beginning of prior year after applicable adjustments	2022-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-05-31	2,591,231
Carryover balanced portion elected for use to offset prior years funding requirement	2022-05-31	0
Prefunding balanced used to offset prior years funding requirement	2022-05-31	196,275
Amount remaining of carryover balance	2022-05-31	0
Amount remaining of prefunding balance	2022-05-31	2,394,956
Present value of excess contributions	2022-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-05-31	0
Reductions in caryover balances due to elections or deemed elections	2022-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-05-31	0
Balance of carryovers at beginning of current year	2022-05-31	0
Balance of prefunding at beginning of current year	2022-05-31	2,927,355
Total employer contributions	2022-05-31	0
Total employee contributions	2022-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-05-31	0
Unpaid minimum required contributions for all prior years	2022-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-05-31	0
Remaining amount of unpaid minimum required contributions	2022-05-31	0
Minimum required contributions for current year target normal cost	2022-05-31	177,055
Net shortfall amortization installment of oustanding balance	2022-05-31	0
Waiver amortization installment	2022-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-05-31	0
Additional cash requirement	2022-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-05-31	0
Unpaid minimum required contributions for current year	2022-05-31	0
Unpaid minimum required contributions for all years	2022-05-31	0
2021: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2021 401k membership
Market value of plan assets	2021-05-31	9,930,282
Acturial value of plan assets	2021-05-31	9,930,282
Funding target for retired participants and beneficiaries receiving payment	2021-05-31	2,654,287
Number of terminated vested participants	2021-05-31	2
Fundng target for terminated vested participants	2021-05-31	5,075
Active participant vested funding target	2021-05-31	4,720,564
Number of active participants	2021-05-31	56
Total funding liabilities for active participants	2021-05-31	4,724,218
Total participant count	2021-05-31	71
Total funding target for all participants	2021-05-31	7,383,580
Balance at beginning of prior year after applicable adjustments	2021-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-05-31	2,431,939
Carryover balanced portion elected for use to offset prior years funding requirement	2021-05-31	0
Prefunding balanced used to offset prior years funding requirement	2021-05-31	0
Amount remaining of carryover balance	2021-05-31	0
Amount remaining of prefunding balance	2021-05-31	2,431,939
Present value of excess contributions	2021-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-05-31	0
Reductions in caryover balances due to elections or deemed elections	2021-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-05-31	0
Balance of carryovers at beginning of current year	2021-05-31	0
Balance of prefunding at beginning of current year	2021-05-31	2,591,231
Total employer contributions	2021-05-31	0
Total employee contributions	2021-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-05-31	0
Unpaid minimum required contributions for all prior years	2021-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-05-31	0
Remaining amount of unpaid minimum required contributions	2021-05-31	0
Minimum required contributions for current year target normal cost	2021-05-31	189,063
Net shortfall amortization installment of oustanding balance	2021-05-31	0
Waiver amortization installment	2021-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-05-31	0
Additional cash requirement	2021-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-05-31	0
Unpaid minimum required contributions for current year	2021-05-31	0
Unpaid minimum required contributions for all years	2021-05-31	0
2020: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2020 401k membership
Market value of plan assets	2020-05-31	9,802,034
Acturial value of plan assets	2020-05-31	9,802,034
Funding target for retired participants and beneficiaries receiving payment	2020-05-31	2,720,831
Number of terminated vested participants	2020-05-31	2
Fundng target for terminated vested participants	2020-05-31	5,132
Active participant vested funding target	2020-05-31	4,435,124
Number of active participants	2020-05-31	55
Total funding liabilities for active participants	2020-05-31	4,446,541
Total participant count	2020-05-31	68
Total funding target for all participants	2020-05-31	7,172,504
Balance at beginning of prior year after applicable adjustments	2020-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-05-31	3,009,290
Carryover balanced portion elected for use to offset prior years funding requirement	2020-05-31	0
Prefunding balanced used to offset prior years funding requirement	2020-05-31	0
Amount remaining of carryover balance	2020-05-31	0
Amount remaining of prefunding balance	2020-05-31	3,009,290
Present value of excess contributions	2020-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-05-31	0
Reductions in caryover balances due to elections or deemed elections	2020-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-05-31	642,352
Balance of carryovers at beginning of current year	2020-05-31	0
Balance of prefunding at beginning of current year	2020-05-31	2,431,939
Total employer contributions	2020-05-31	0
Total employee contributions	2020-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-05-31	0
Unpaid minimum required contributions for all prior years	2020-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-05-31	0
Remaining amount of unpaid minimum required contributions	2020-05-31	0
Minimum required contributions for current year target normal cost	2020-05-31	197,591
Net shortfall amortization installment of oustanding balance	2020-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-05-31	0
Carryover balance elected to use to offset funding requirement	2020-05-31	0
Prefunding balance elected to use to offset funding requirement	2020-05-31	0
Additional cash requirement	2020-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-05-31	0
Unpaid minimum required contributions for current year	2020-05-31	0
Unpaid minimum required contributions for all years	2020-05-31	0
2019: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2019 401k membership
Market value of plan assets	2019-05-31	10,350,147
Acturial value of plan assets	2019-05-31	10,350,147
Funding target for retired participants and beneficiaries receiving payment	2019-05-31	2,609,958
Number of terminated vested participants	2019-05-31	4
Fundng target for terminated vested participants	2019-05-31	73,144
Active participant vested funding target	2019-05-31	4,379,614
Number of active participants	2019-05-31	60
Total funding liabilities for active participants	2019-05-31	4,390,182
Total participant count	2019-05-31	74
Total funding target for all participants	2019-05-31	7,073,284
Balance at beginning of prior year after applicable adjustments	2019-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-05-31	2,813,735
Carryover balanced portion elected for use to offset prior years funding requirement	2019-05-31	0
Prefunding balanced used to offset prior years funding requirement	2019-05-31	0
Amount remaining of carryover balance	2019-05-31	0
Amount remaining of prefunding balance	2019-05-31	2,813,735
Present value of excess contributions	2019-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-05-31	0
Reductions in caryover balances due to elections or deemed elections	2019-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-05-31	0
Balance of carryovers at beginning of current year	2019-05-31	0
Balance of prefunding at beginning of current year	2019-05-31	3,009,290
Total employer contributions	2019-05-31	0
Total employee contributions	2019-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-05-31	0
Unpaid minimum required contributions for all prior years	2019-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-05-31	0
Remaining amount of unpaid minimum required contributions	2019-05-31	0
Minimum required contributions for current year target normal cost	2019-05-31	194,050
Net shortfall amortization installment of oustanding balance	2019-05-31	0
Waiver amortization installment	2019-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-05-31	0
Additional cash requirement	2019-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-05-31	0
Unpaid minimum required contributions for current year	2019-05-31	0
Unpaid minimum required contributions for all years	2019-05-31	0
2018: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2018 401k membership
Market value of plan assets	2018-05-31	9,925,062
Acturial value of plan assets	2018-05-31	9,925,062
Funding target for retired participants and beneficiaries receiving payment	2018-05-31	2,649,139
Number of terminated vested participants	2018-05-31	3
Fundng target for terminated vested participants	2018-05-31	19,079
Active participant vested funding target	2018-05-31	3,916,165
Number of active participants	2018-05-31	64
Total funding liabilities for active participants	2018-05-31	3,926,252
Total participant count	2018-05-31	77
Total funding target for all participants	2018-05-31	6,594,470
Balance at beginning of prior year after applicable adjustments	2018-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-05-31	2,583,067
Amount remaining of carryover balance	2018-05-31	0
Amount remaining of prefunding balance	2018-05-31	2,583,067
Present value of excess contributions	2018-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-05-31	0
Reductions in caryover balances due to elections or deemed elections	2018-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-05-31	0
Balance of carryovers at beginning of current year	2018-05-31	0
Balance of prefunding at beginning of current year	2018-05-31	2,813,735
Total employer contributions	2018-05-31	0
Total employee contributions	2018-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-05-31	0
Unpaid minimum required contributions for all prior years	2018-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-05-31	0
Remaining amount of unpaid minimum required contributions	2018-05-31	0
Minimum required contributions for current year target normal cost	2018-05-31	154,266
Net shortfall amortization installment of oustanding balance	2018-05-31	0
Waiver amortization installment	2018-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-05-31	0
Carryover balance elected to use to offset funding requirement	2018-05-31	0
Prefunding balance elected to use to offset funding requirement	2018-05-31	0
Additional cash requirement	2018-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-05-31	0
Unpaid minimum required contributions for current year	2018-05-31	0
Unpaid minimum required contributions for all years	2018-05-31	0
2017: FIRST & PEOPLES BANK OF RUSSELL KENTUCKY PENSION TRUST 2017 401k membership
Market value of plan assets	2017-05-31	9,363,191
Acturial value of plan assets	2017-05-31	9,363,191
Funding target for retired participants and beneficiaries receiving payment	2017-05-31	2,785,997
Number of terminated vested participants	2017-05-31	3
Fundng target for terminated vested participants	2017-05-31	45,370
Active participant vested funding target	2017-05-31	3,469,750
Number of active participants	2017-05-31	64
Total funding liabilities for active participants	2017-05-31	3,484,365
Total participant count	2017-05-31	78
Total funding target for all participants	2017-05-31	6,315,732
Balance at beginning of prior year after applicable adjustments	2017-05-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-05-31	2,592,920
Carryover balanced portion elected for use to offset prior years funding requirement	2017-05-31	0
Prefunding balanced used to offset prior years funding requirement	2017-05-31	0
Amount remaining of carryover balance	2017-05-31	0
Amount remaining of prefunding balance	2017-05-31	2,592,920
Present value of excess contributions	2017-05-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-05-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-05-31	0
Reductions in caryover balances due to elections or deemed elections	2017-05-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-05-31	0
Balance of carryovers at beginning of current year	2017-05-31	0
Balance of prefunding at beginning of current year	2017-05-31	2,583,067
Total employer contributions	2017-05-31	0
Total employee contributions	2017-05-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-05-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-05-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-05-31	0
Unpaid minimum required contributions for all prior years	2017-05-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-05-31	0
Remaining amount of unpaid minimum required contributions	2017-05-31	0
Minimum required contributions for current year target normal cost	2017-05-31	137,024
Net shortfall amortization installment of oustanding balance	2017-05-31	0
Waiver amortization installment	2017-05-31	0
Waived amount of outstanding balance	2017-05-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-05-31	0
Carryover balance elected to use to offset funding requirement	2017-05-31	0
Prefunding balance elected to use to offset funding requirement	2017-05-31	0
Additional cash requirement	2017-05-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-05-31	0
Unpaid minimum required contributions for current year	2017-05-31	0
Unpaid minimum required contributions for all years	2017-05-31	0

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Company Name:	FIRST & PEOPLES BANK OF RUSSELL KENTUCKY
Employer identification number (EIN):	610192790
NAIC Classification:	522110
NAIC Description:	Commercial Banking