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BANK OF JAMESTOWN PENSION PLAN 401k Plan overview

Plan NameBANK OF JAMESTOWN PENSION PLAN
Plan identification number 001

BANK OF JAMESTOWN 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

BANK OF JAMESTOWN (JAMESTOWN BANCORP, INC.) has sponsored the creation of one or more 401k plans.

Company Name:BANK OF JAMESTOWN (JAMESTOWN BANCORP, INC.)
Employer identification number (EIN):610237110
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF JAMESTOWN PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01JANET CLARK2019-01-07
0012018-01-01JANET CLARK2019-01-02
0012017-01-01JANET CLARK2018-10-11
0012016-01-01JANET CLARK2017-06-14
0012015-01-01JANET CLARK2016-07-20
0012014-01-01JANET CLARK2015-07-10
0012013-01-01JANET CLARK2014-07-11
0012012-01-01JANET CLARK2013-07-29
0012011-01-01JANET CLARK2012-07-06 JANET K CLARK2012-07-06
0012010-01-01JANET CLARK2011-07-25

Plan Statistics for BANK OF JAMESTOWN PENSION PLAN

401k plan membership statisitcs for BANK OF JAMESTOWN PENSION PLAN

Measure Date Value
2017: BANK OF JAMESTOWN PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-312,469,484
Acturial value of plan assets2017-12-312,469,484
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-31551
Active participant vested funding target2017-12-311,688,659
Number of active participants2017-12-3126
Total funding liabilities for active participants2017-12-311,688,659
Total participant count2017-12-3127
Total funding target for all participants2017-12-311,689,210
Balance at beginning of prior year after applicable adjustments2017-12-31171,943
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31462,399
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-31171,943
Amount remaining of prefunding balance2017-12-31462,399
Present value of excess contributions2017-12-31124,551
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31132,223
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 year2017-12-31186,438
Balance of prefunding at beginning of current year2017-12-31501,379
Total employer contributions2017-12-3166,000
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 date2017-12-3165,227
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 cost2017-12-31109,210
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3116,753
Additional cash requirement2017-12-3116,753
Contributions allocatedtoward minimum required contributions for current year2017-12-3165,227
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: BANK OF JAMESTOWN PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,474,607
Acturial value of plan assets2016-12-312,474,607
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-31119
Active participant vested funding target2016-12-311,706,159
Number of active participants2016-12-3128
Total funding liabilities for active participants2016-12-311,706,159
Total participant count2016-12-3129
Total funding target for all participants2016-12-311,706,278
Balance at beginning of prior year after applicable adjustments2016-12-31172,357
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31462,410
Amount remaining of carryover balance2016-12-31172,357
Amount remaining of prefunding balance2016-12-31462,410
Present value of excess contributions2016-12-31134,636
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31143,199
Balance of carryovers at beginning of current year2016-12-31171,943
Balance of prefunding at beginning of current year2016-12-31461,300
Total employer contributions2016-12-31128,290
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 date2016-12-31124,551
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 cost2016-12-31109,839
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31124,551
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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