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BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 401k Plan overview

Plan NameBANK OF WINNFIELD & TRUST COMPANY PENSION PLAN
Plan identification number 001

BANK OF WINNFIELD & TRUST COMPANY 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 WINNFIELD & TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name:BANK OF WINNFIELD & TRUST COMPANY
Employer identification number (EIN):720125120
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01ROBERT HEARD2023-10-06
0012021-01-01ROBERT HEARD2022-09-30
0012020-01-01ROBERT HEARD2021-12-21
0012019-01-01ROBERT HEARD2020-10-09
0012018-01-01ROBERT HEARD2019-10-07
0012017-01-01ROBERT HEARD2018-10-04
0012016-01-01ROBERT HEARD2017-10-04
0012015-01-01ROBERT HEARD2016-10-05
0012014-01-01ROBERT HEARD2015-10-13
0012013-01-01ROBERT HEARD2014-10-03 ROBERT HEARD2014-10-03
0012012-01-01ROBERT HEARD2013-10-11
0012011-01-01ROBERT HEARD2012-10-10
0012010-01-01ROBERT HEARD2011-10-07

Plan Statistics for BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN

401k plan membership statisitcs for BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN

Measure Date Value
2022: BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-314,907,696
Acturial value of plan assets2022-12-314,907,696
Funding target for retired participants and beneficiaries receiving payment2022-12-311,718,597
Number of terminated vested participants2022-12-316
Fundng target for terminated vested participants2022-12-3156,321
Active participant vested funding target2022-12-312,564,958
Number of active participants2022-12-3130
Total funding liabilities for active participants2022-12-312,577,192
Total participant count2022-12-3144
Total funding target for all participants2022-12-314,352,110
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31786,688
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-3121,180
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31765,508
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31833,485
Total employer contributions2022-12-31350,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31334,745
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31170,461
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31170,461
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-31170,461
Contributions allocatedtoward minimum required contributions for current year2022-12-31334,745
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-314,449,018
Acturial value of plan assets2021-12-314,449,018
Funding target for retired participants and beneficiaries receiving payment2021-12-311,845,899
Number of terminated vested participants2021-12-315
Fundng target for terminated vested participants2021-12-3155,559
Active participant vested funding target2021-12-312,422,633
Number of active participants2021-12-3132
Total funding liabilities for active participants2021-12-312,433,595
Total participant count2021-12-3145
Total funding target for all participants2021-12-314,335,053
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31713,734
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31713,734
Present value of excess contributions2021-12-3111,255
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3111,858
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-3111,858
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31786,688
Total employer contributions2021-12-31300,000
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31288,196
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31169,819
Net shortfall amortization installment of oustanding balance2021-12-31672,723
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31309,376
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-3121,180
Additional cash requirement2021-12-31288,196
Contributions allocatedtoward minimum required contributions for current year2021-12-31288,196
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-314,083,211
Acturial value of plan assets2020-12-314,083,211
Funding target for retired participants and beneficiaries receiving payment2020-12-311,845,503
Number of terminated vested participants2020-12-315
Fundng target for terminated vested participants2020-12-3148,528
Active participant vested funding target2020-12-312,067,785
Number of active participants2020-12-3131
Total funding liabilities for active participants2020-12-312,082,353
Total participant count2020-12-3144
Total funding target for all participants2020-12-313,976,384
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31629,327
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31629,327
Present value of excess contributions2020-12-3113
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3114
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3114
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31713,734
Total employer contributions2020-12-31300,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31283,598
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31144,659
Net shortfall amortization installment of oustanding balance2020-12-31694,172
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31272,343
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31272,343
Contributions allocatedtoward minimum required contributions for current year2020-12-31283,598
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-313,772,547
Acturial value of plan assets2019-12-313,772,547
Funding target for retired participants and beneficiaries receiving payment2019-12-311,875,300
Number of terminated vested participants2019-12-316
Fundng target for terminated vested participants2019-12-3148,326
Active participant vested funding target2019-12-311,990,135
Number of active participants2019-12-3132
Total funding liabilities for active participants2019-12-312,005,399
Total participant count2019-12-3146
Total funding target for all participants2019-12-313,929,025
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-311,119,933
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-311,119,933
Present value of excess contributions2019-12-31113,049
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31119,493
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-31119,493
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-31577,845
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31629,327
Total employer contributions2019-12-31282,633
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31268,113
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31140,416
Net shortfall amortization installment of oustanding balance2019-12-31785,805
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31268,100
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31268,100
Contributions allocatedtoward minimum required contributions for current year2019-12-31268,113
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-314,109,955
Acturial value of plan assets2018-12-314,109,955
Funding target for retired participants and beneficiaries receiving payment2018-12-311,905,305
Number of terminated vested participants2018-12-317
Fundng target for terminated vested participants2018-12-3169,773
Active participant vested funding target2018-12-311,926,327
Number of active participants2018-12-3131
Total funding liabilities for active participants2018-12-311,939,943
Total participant count2018-12-3146
Total funding target for all participants2018-12-313,915,021
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31874,694
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31874,694
Present value of excess contributions2018-12-31157,750
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31167,041
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31167,041
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-311,119,933
Total employer contributions2018-12-31250,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31238,961
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31125,912
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31125,912
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31125,912
Contributions allocatedtoward minimum required contributions for current year2018-12-31238,961
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-313,678,725
Acturial value of plan assets2017-12-313,678,725
Funding target for retired participants and beneficiaries receiving payment2017-12-311,865,330
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-3134,313
Active participant vested funding target2017-12-311,595,260
Number of active participants2017-12-3132
Total funding liabilities for active participants2017-12-311,605,395
Total participant count2017-12-3147
Total funding target for all participants2017-12-313,505,038
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31772,153
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 balance2017-12-310
Amount remaining of prefunding balance2017-12-31772,153
Present value of excess contributions2017-12-3195,599
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31101,402
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31101,402
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-3137,314
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31874,694
Total employer contributions2017-12-31284,686
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 date2017-12-31271,741
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
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 cost2017-12-31113,991
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31113,991
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31113,991
Contributions allocatedtoward minimum required contributions for current year2017-12-31271,741
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: BANK OF WINNFIELD & TRUST COMPANY PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-313,604,846
Acturial value of plan assets2016-12-313,604,846
Funding target for retired participants and beneficiaries receiving payment2016-12-311,925,254
Number of terminated vested participants2016-12-318
Fundng target for terminated vested participants2016-12-3147,239
Active participant vested funding target2016-12-311,438,153
Number of active participants2016-12-3130
Total funding liabilities for active participants2016-12-311,444,736
Total participant count2016-12-3148
Total funding target for all participants2016-12-313,417,229
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31669,937
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31669,937
Present value of excess contributions2016-12-31102,741
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31109,183
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31109,183
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31772,153
Total employer contributions2016-12-31200,000
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 date2016-12-31192,553
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
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 cost2016-12-3196,954
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3196,954
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3196,954
Contributions allocatedtoward minimum required contributions for current year2016-12-31192,553
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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