AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT 401k Plan overview

AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT Benefits

401k Sponsoring company profile

Company Name:	OWINGSVILLE BANKING COMPANY
Employer identification number (EIN):	610300420
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-10-15	THOMAS N. RICHARDS	2023-06-19
001	2020-10-15	THOMAS N. RICHARDS	2022-05-17
001	2019-10-15	THOMAS N. RICHARDS	2021-05-05
001	2018-10-15	THOMAS N. RICHARDS	2019-12-19
001	2017-10-15	THOMAS N. RICHARDS	2019-05-21
001	2016-10-15	THOMAS N. RICHARDS	2018-02-23
001	2015-10-15	THOMAS N. RICHARDS	2017-05-25
001	2014-10-15	THOMAS N. RICHARDS	2016-05-24
001	2013-10-15	MICHAEL Q. SHIELDS	2015-05-18
001	2012-10-15	MICHAEL Q. SHIELDS	2014-05-21
001	2011-10-15	MICHAEL Q. SHIELDS	2013-05-13
001	2010-10-15	MICHAEL Q. SHIELDS	2012-05-25

Plan Statistics for AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT

Measure	Date	Value
2022: AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT 2022 401k membership
Market value of plan assets	2022-10-14	7,163,552
Acturial value of plan assets	2022-10-14	6,630,451
Funding target for retired participants and beneficiaries receiving payment	2022-10-14	3,296,131
Number of terminated vested participants	2022-10-14	5
Fundng target for terminated vested participants	2022-10-14	50,097
Active participant vested funding target	2022-10-14	1,794,861
Number of active participants	2022-10-14	21
Total funding liabilities for active participants	2022-10-14	1,800,486
Total participant count	2022-10-14	40
Total funding target for all participants	2022-10-14	5,146,714
Balance at beginning of prior year after applicable adjustments	2022-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-10-14	716,000
Carryover balanced portion elected for use to offset prior years funding requirement	2022-10-14	0
Prefunding balanced used to offset prior years funding requirement	2022-10-14	0
Amount remaining of carryover balance	2022-10-14	0
Amount remaining of prefunding balance	2022-10-14	716,000
Present value of excess contributions	2022-10-14	240,459
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-10-14	253,300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-10-14	0
Reductions in caryover balances due to elections or deemed elections	2022-10-14	0
Reductions in prefunding balances due to elections or deemed elections	2022-10-14	0
Balance of carryovers at beginning of current year	2022-10-14	0
Balance of prefunding at beginning of current year	2022-10-14	842,804
Total employer contributions	2022-10-14	450,000
Total employee contributions	2022-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2022-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-10-14	436,640
Unpaid minimum required contributions for all prior years	2022-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-10-14	0
Remaining amount of unpaid minimum required contributions	2022-10-14	0
Minimum required contributions for current year target normal cost	2022-10-14	100,447
Net shortfall amortization installment of oustanding balance	2022-10-14	0
Waiver amortization installment	2022-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2022-10-14	0
Additional cash requirement	2022-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2022-10-14	436,640
Unpaid minimum required contributions for current year	2022-10-14	0
Unpaid minimum required contributions for all years	2022-10-14	0
2021: AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT 2021 401k membership
Market value of plan assets	2021-10-14	6,135,507
Acturial value of plan assets	2021-10-14	5,970,738
Funding target for retired participants and beneficiaries receiving payment	2021-10-14	3,384,188
Number of terminated vested participants	2021-10-14	5
Fundng target for terminated vested participants	2021-10-14	48,259
Active participant vested funding target	2021-10-14	1,697,073
Number of active participants	2021-10-14	22
Total funding liabilities for active participants	2021-10-14	1,709,896
Total participant count	2021-10-14	40
Total funding target for all participants	2021-10-14	5,142,343
Balance at beginning of prior year after applicable adjustments	2021-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-10-14	665,000
Carryover balanced portion elected for use to offset prior years funding requirement	2021-10-14	0
Prefunding balanced used to offset prior years funding requirement	2021-10-14	0
Amount remaining of carryover balance	2021-10-14	0
Amount remaining of prefunding balance	2021-10-14	665,000
Present value of excess contributions	2021-10-14	244,450
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-10-14	257,846
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-10-14	0
Reductions in caryover balances due to elections or deemed elections	2021-10-14	0
Reductions in prefunding balances due to elections or deemed elections	2021-10-14	5,791
Balance of carryovers at beginning of current year	2021-10-14	0
Balance of prefunding at beginning of current year	2021-10-14	716,000
Total employer contributions	2021-10-14	250,000
Total employee contributions	2021-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2021-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-10-14	240,459
Unpaid minimum required contributions for all prior years	2021-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-10-14	0
Remaining amount of unpaid minimum required contributions	2021-10-14	0
Minimum required contributions for current year target normal cost	2021-10-14	112,142
Net shortfall amortization installment of oustanding balance	2021-10-14	0
Waiver amortization installment	2021-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2021-10-14	0
Carryover balance elected to use to offset funding requirement	2021-10-14	0
Prefunding balance elected to use to offset funding requirement	2021-10-14	0
Additional cash requirement	2021-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2021-10-14	240,459
Unpaid minimum required contributions for current year	2021-10-14	0
Unpaid minimum required contributions for all years	2021-10-14	0
2020: AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT 2020 401k membership
Market value of plan assets	2020-10-14	5,816,022
Acturial value of plan assets	2020-10-14	5,800,530
Funding target for retired participants and beneficiaries receiving payment	2020-10-14	3,324,843
Number of terminated vested participants	2020-10-14	8
Fundng target for terminated vested participants	2020-10-14	237,380
Active participant vested funding target	2020-10-14	1,453,579
Number of active participants	2020-10-14	21
Total funding liabilities for active participants	2020-10-14	1,465,585
Total participant count	2020-10-14	40
Total funding target for all participants	2020-10-14	5,027,808
Balance at beginning of prior year after applicable adjustments	2020-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-10-14	713,000
Carryover balanced portion elected for use to offset prior years funding requirement	2020-10-14	0
Prefunding balanced used to offset prior years funding requirement	2020-10-14	0
Amount remaining of carryover balance	2020-10-14	0
Amount remaining of prefunding balance	2020-10-14	713,000
Present value of excess contributions	2020-10-14	236,919
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-10-14	250,186
Reductions in caryover balances due to elections or deemed elections	2020-10-14	0
Reductions in prefunding balances due to elections or deemed elections	2020-10-14	106,894
Balance of carryovers at beginning of current year	2020-10-14	0
Balance of prefunding at beginning of current year	2020-10-14	665,000
Total employer contributions	2020-10-14	250,000
Total employee contributions	2020-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2020-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-10-14	244,450
Unpaid minimum required contributions for all prior years	2020-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-10-14	0
Remaining amount of unpaid minimum required contributions	2020-10-14	0
Minimum required contributions for current year target normal cost	2020-10-14	105,130
Net shortfall amortization installment of oustanding balance	2020-10-14	0
Waiver amortization installment	2020-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2020-10-14	0
Carryover balance elected to use to offset funding requirement	2020-10-14	0
Prefunding balance elected to use to offset funding requirement	2020-10-14	0
Additional cash requirement	2020-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2020-10-14	244,450
Unpaid minimum required contributions for current year	2020-10-14	0
Unpaid minimum required contributions for all years	2020-10-14	0
2019: AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT 2019 401k membership
Market value of plan assets	2019-10-14	5,640,236
Acturial value of plan assets	2019-10-14	5,704,710
Funding target for retired participants and beneficiaries receiving payment	2019-10-14	3,065,726
Number of terminated vested participants	2019-10-14	8
Fundng target for terminated vested participants	2019-10-14	211,110
Active participant vested funding target	2019-10-14	1,614,783
Number of active participants	2019-10-14	21
Total funding liabilities for active participants	2019-10-14	1,621,927
Total participant count	2019-10-14	38
Total funding target for all participants	2019-10-14	4,898,763
Balance at beginning of prior year after applicable adjustments	2019-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-10-14	715,000
Carryover balanced portion elected for use to offset prior years funding requirement	2019-10-14	0
Prefunding balanced used to offset prior years funding requirement	2019-10-14	0
Amount remaining of carryover balance	2019-10-14	0
Amount remaining of prefunding balance	2019-10-14	715,000
Present value of excess contributions	2019-10-14	233,583
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-10-14	247,154
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-10-14	0
Reductions in caryover balances due to elections or deemed elections	2019-10-14	0
Reductions in prefunding balances due to elections or deemed elections	2019-10-14	12,225
Balance of carryovers at beginning of current year	2019-10-14	0
Balance of prefunding at beginning of current year	2019-10-14	713,000
Total employer contributions	2019-10-14	250,000
Total employee contributions	2019-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2019-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-10-14	236,919
Unpaid minimum required contributions for all prior years	2019-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-10-14	0
Remaining amount of unpaid minimum required contributions	2019-10-14	0
Minimum required contributions for current year target normal cost	2019-10-14	91,691
Net shortfall amortization installment of oustanding balance	2019-10-14	0
Waiver amortization installment	2019-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2019-10-14	0
Carryover balance elected to use to offset funding requirement	2019-10-14	0
Prefunding balance elected to use to offset funding requirement	2019-10-14	0
Additional cash requirement	2019-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2019-10-14	236,919
Unpaid minimum required contributions for current year	2019-10-14	0
Unpaid minimum required contributions for all years	2019-10-14	0
2018: AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT 2018 401k membership
Market value of plan assets	2018-10-14	5,608,554
Acturial value of plan assets	2018-10-14	5,442,373
Funding target for retired participants and beneficiaries receiving payment	2018-10-14	3,075,760
Number of terminated vested participants	2018-10-14	7
Fundng target for terminated vested participants	2018-10-14	211,317
Active participant vested funding target	2018-10-14	1,363,427
Number of active participants	2018-10-14	21
Total funding liabilities for active participants	2018-10-14	1,364,718
Total participant count	2018-10-14	36
Total funding target for all participants	2018-10-14	4,651,795
Balance at beginning of prior year after applicable adjustments	2018-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-10-14	665,001
Carryover balanced portion elected for use to offset prior years funding requirement	2018-10-14	0
Prefunding balanced used to offset prior years funding requirement	2018-10-14	0
Amount remaining of carryover balance	2018-10-14	0
Amount remaining of prefunding balance	2018-10-14	665,001
Present value of excess contributions	2018-10-14	233,185
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-10-14	247,083
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-10-14	0
Reductions in caryover balances due to elections or deemed elections	2018-10-14	0
Reductions in prefunding balances due to elections or deemed elections	2018-10-14	27,141
Balance of carryovers at beginning of current year	2018-10-14	0
Balance of prefunding at beginning of current year	2018-10-14	715,000
Total employer contributions	2018-10-14	250,000
Total employee contributions	2018-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2018-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-10-14	233,583
Unpaid minimum required contributions for all prior years	2018-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-10-14	0
Remaining amount of unpaid minimum required contributions	2018-10-14	0
Minimum required contributions for current year target normal cost	2018-10-14	70,609
Net shortfall amortization installment of oustanding balance	2018-10-14	0
Waiver amortization installment	2018-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2018-10-14	0
Carryover balance elected to use to offset funding requirement	2018-10-14	0
Prefunding balance elected to use to offset funding requirement	2018-10-14	0
Additional cash requirement	2018-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2018-10-14	233,583
Unpaid minimum required contributions for current year	2018-10-14	0
Unpaid minimum required contributions for all years	2018-10-14	0
2017: AMENDED AND RESTATED OWINGSVILLE BANKING COMPANY PENSION PLAN AND TRUST AGREEMENT 2017 401k membership
Market value of plan assets	2017-10-14	5,342,142
Acturial value of plan assets	2017-10-14	5,421,463
Funding target for retired participants and beneficiaries receiving payment	2017-10-14	3,057,244
Number of terminated vested participants	2017-10-14	10
Fundng target for terminated vested participants	2017-10-14	196,208
Active participant vested funding target	2017-10-14	1,365,259
Number of active participants	2017-10-14	25
Total funding liabilities for active participants	2017-10-14	1,410,386
Total participant count	2017-10-14	41
Total funding target for all participants	2017-10-14	4,663,838
Balance at beginning of prior year after applicable adjustments	2017-10-14	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-10-14	695,078
Carryover balanced portion elected for use to offset prior years funding requirement	2017-10-14	0
Prefunding balanced used to offset prior years funding requirement	2017-10-14	0
Amount remaining of carryover balance	2017-10-14	0
Amount remaining of prefunding balance	2017-10-14	695,078
Present value of excess contributions	2017-10-14	232,574
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-10-14	246,947
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-10-14	0
Reductions in caryover balances due to elections or deemed elections	2017-10-14	0
Reductions in prefunding balances due to elections or deemed elections	2017-10-14	63,093
Balance of carryovers at beginning of current year	2017-10-14	0
Balance of prefunding at beginning of current year	2017-10-14	665,001
Total employer contributions	2017-10-14	250,000
Total employee contributions	2017-10-14	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-10-14	0
Contributions made to avoid restrictions adjusted to valuation date	2017-10-14	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-10-14	233,185
Unpaid minimum required contributions for all prior years	2017-10-14	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-10-14	0
Remaining amount of unpaid minimum required contributions	2017-10-14	0
Minimum required contributions for current year target normal cost	2017-10-14	89,367
Net shortfall amortization installment of oustanding balance	2017-10-14	0
Waiver amortization installment	2017-10-14	0
Total funding amount beforereflecting carryover/prefunding balances	2017-10-14	0
Carryover balance elected to use to offset funding requirement	2017-10-14	0
Prefunding balance elected to use to offset funding requirement	2017-10-14	0
Additional cash requirement	2017-10-14	0
Contributions allocatedtoward minimum required contributions for current year	2017-10-14	233,185
Unpaid minimum required contributions for current year	2017-10-14	0
Unpaid minimum required contributions for all years	2017-10-14	0

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