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FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 401k Plan overview

Plan NameFIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN
Plan identification number 001

FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

THE FIRST NATIONAL BANK AND TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST NATIONAL BANK AND TRUST COMPANY
Employer identification number (EIN):730241540
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01TAMMY BRO2023-10-12
0012021-01-01TAMMY BRO2022-10-07
0012020-01-01TAMMY BRO2021-10-01
0012019-01-01TAMMY BRO2020-10-08
0012018-01-01TAMMY BRO2019-09-17
0012017-01-01TAMMY BRO2018-09-20
0012016-01-01SHERRI MCCORD2017-07-31 SHERRI MCCORD2017-07-31
0012015-01-01SHERRI MCCORD2016-07-25 SHERRI MCCORD2016-07-25
0012014-01-01SHERRI MCCORD2015-07-27 SHERRI MCCORD2015-07-27
0012013-01-01SHERRI MCCORD2014-09-25
0012012-01-01SHERRI MCCORD2013-07-25
0012011-01-01SHERRI MCCORD2012-07-26
0012010-01-01SHERRI MCCORD2011-07-21

Plan Statistics for FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN

401k plan membership statisitcs for FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN

Measure Date Value
2022: FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-317,559,773
Acturial value of plan assets2022-12-317,559,773
Funding target for retired participants and beneficiaries receiving payment2022-12-313,006,588
Number of terminated vested participants2022-12-318
Fundng target for terminated vested participants2022-12-31188,570
Active participant vested funding target2022-12-312,787,412
Number of active participants2022-12-3126
Total funding liabilities for active participants2022-12-312,810,373
Total participant count2022-12-3155
Total funding target for all participants2022-12-316,005,531
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31248,294
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31248,294
Present value of excess contributions2022-12-31474,078
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31500,295
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 year2022-12-31280,994
Total employer contributions2022-12-31500,000
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 date2022-12-31490,297
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 cost2022-12-3190,000
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31490,297
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-317,757,587
Acturial value of plan assets2021-12-317,757,587
Funding target for retired participants and beneficiaries receiving payment2021-12-313,103,026
Number of terminated vested participants2021-12-316
Fundng target for terminated vested participants2021-12-31183,198
Active participant vested funding target2021-12-313,458,440
Number of active participants2021-12-3132
Total funding liabilities for active participants2021-12-313,491,667
Total participant count2021-12-3161
Total funding target for all participants2021-12-316,777,891
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31218,819
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 balance2021-12-31218,819
Present value of excess contributions2021-12-31124,638
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31131,705
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-31248,294
Total employer contributions2021-12-31500,000
Total employee contributions2021-12-310
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 date2021-12-31474,078
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 cost2021-12-3190,000
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31474,078
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 2020 401k membership
Market value of plan assets2020-12-316,799,995
Acturial value of plan assets2020-12-316,799,995
Funding target for retired participants and beneficiaries receiving payment2020-12-313,243,614
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-31137,971
Active participant vested funding target2020-12-313,360,252
Number of active participants2020-12-3134
Total funding liabilities for active participants2020-12-313,379,134
Total participant count2020-12-3161
Total funding target for all participants2020-12-316,760,719
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31182,228
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 balance2020-12-31182,228
Present value of excess contributions2020-12-311
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-311
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
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 year2020-12-31218,819
Total employer contributions2020-12-31438,400
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 date2020-12-31425,434
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 cost2020-12-31167,602
Net shortfall amortization installment of oustanding balance2020-12-31179,541
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31300,796
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31300,796
Contributions allocatedtoward minimum required contributions for current year2020-12-31425,434
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-315,610,273
Acturial value of plan assets2019-12-315,610,273
Funding target for retired participants and beneficiaries receiving payment2019-12-313,397,382
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-31100,156
Active participant vested funding target2019-12-312,982,416
Number of active participants2019-12-3133
Total funding liabilities for active participants2019-12-312,998,522
Total participant count2019-12-3160
Total funding target for all participants2019-12-316,496,060
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31191,155
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 balance2019-12-31191,155
Present value of excess contributions2019-12-3180,056
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3184,579
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31182,228
Total employer contributions2019-12-31442,732
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 date2019-12-31436,372
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 cost2019-12-31256,697
Net shortfall amortization installment of oustanding balance2019-12-311,068,015
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31436,371
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31436,371
Contributions allocatedtoward minimum required contributions for current year2019-12-31436,372
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 2018 401k membership
Market value of plan assets2018-12-316,139,949
Acturial value of plan assets2018-12-316,139,949
Funding target for retired participants and beneficiaries receiving payment2018-12-313,251,289
Number of terminated vested participants2018-12-314
Fundng target for terminated vested participants2018-12-31432,883
Active participant vested funding target2018-12-312,765,977
Number of active participants2018-12-3135
Total funding liabilities for active participants2018-12-312,791,684
Total participant count2018-12-3164
Total funding target for all participants2018-12-316,475,856
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31171,686
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 balance2018-12-31171,686
Present value of excess contributions2018-12-31454,709
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31481,219
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
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 year2018-12-31191,155
Total employer contributions2018-12-31451,200
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 date2018-12-31442,922
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 cost2018-12-31244,171
Net shortfall amortization installment of oustanding balance2018-12-31527,062
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31362,866
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31362,866
Contributions allocatedtoward minimum required contributions for current year2018-12-31442,922
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 2017 401k membership
Market value of plan assets2017-12-314,893,648
Acturial value of plan assets2017-12-314,893,648
Funding target for retired participants and beneficiaries receiving payment2017-12-313,155,505
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-313,020
Active participant vested funding target2017-12-312,500,579
Number of active participants2017-12-3134
Total funding liabilities for active participants2017-12-312,723,045
Total participant count2017-12-3159
Total funding target for all participants2017-12-315,881,570
Balance at beginning of prior year after applicable adjustments2017-12-31126,442
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31164,766
Amount remaining of carryover balance2017-12-31126,442
Amount remaining of prefunding balance2017-12-31164,766
Present value of excess contributions2017-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-310
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 elections2017-12-31131,753
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31171,686
Total employer contributions2017-12-311,041,370
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 date2017-12-31991,065
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 cost2017-12-31267,937
Net shortfall amortization installment of oustanding balance2017-12-311,159,608
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31536,356
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31536,356
Contributions allocatedtoward minimum required contributions for current year2017-12-31991,065
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: FIRST NATIONAL BANK AND TRUST CO. OF MIAMI EMPLOYEES RETIREMENT PLAN 2016 401k membership
Market value of plan assets2016-12-314,689,845
Acturial value of plan assets2016-12-314,689,845
Funding target for retired participants and beneficiaries receiving payment2016-12-313,182,089
Number of terminated vested participants2016-12-311
Fundng target for terminated vested participants2016-12-312,667
Active participant vested funding target2016-12-312,058,609
Number of active participants2016-12-3134
Total funding liabilities for active participants2016-12-312,296,522
Total participant count2016-12-3159
Total funding target for all participants2016-12-315,481,278
Balance at beginning of prior year after applicable adjustments2016-12-31156,287
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31170,002
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 balance2016-12-31156,287
Amount remaining of prefunding balance2016-12-31170,002
Present value of excess contributions2016-12-3132
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3134
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3134
Reductions in caryover balances due to elections or deemed elections2016-12-3125,000
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-31126,442
Balance of prefunding at beginning of current year2016-12-31164,766
Total employer contributions2016-12-31366,161
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 date2016-12-31361,273
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 cost2016-12-31150,402
Net shortfall amortization installment of oustanding balance2016-12-311,082,641
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31361,273
Additional cash requirement2016-12-31361,273
Contributions allocatedtoward minimum required contributions for current year2016-12-31361,273
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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