401k Plan data: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK plan

RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 401k Plan overview

Plan Name	RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK
Plan identification number	001

RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 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).
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

KARNES COUNTY NATIONAL BANK has sponsored the creation of one or more 401k plans.

Company Name: KARNES COUNTY NATIONAL BANK

Employer identification number (EIN): 740720605

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01 HUGH B RUCKMAN III 2022-03-02 HUGH B RUCKMAN III 2022-03-02
001 2020-01-01 H. B. RUCKMAN III 2021-06-08 H. B. RUCKMAN III 2021-06-08
001 2019-01-01 H. B. RUCKMAN, III 2020-09-29 H. B. RUCKMAN, III 2020-09-29
001 2018-11-01 H. B. RUCKMAN III 2019-05-03 H. B. RUCKMAN III 2019-05-03
001 2017-11-01 H. B. RUCKMAN III 2019-05-03 H. B. RUCKMAN III 2019-05-03
001 2016-11-01 H B RUCKMAN III 2018-03-08 H B RUCKMAN III 2018-03-08
001 2015-11-01 H.B. RUCKMAN III 2017-08-04
001 2015-11-01 H.B. RUCKMAN III 2016-12-27
001 2014-11-01 H.B. RUCKMAN III 2016-02-09
001 2013-11-01 H.B. RUCKMAN III 2015-07-27
001 2012-11-01 H.B. RUCKMAN III 2014-02-11
001 2011-11-01 H.B. RUCKMAN III 2013-10-01
001 2010-11-01 H.B. RUCKMAN III 2012-05-24

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2022-01-01
001	2021-01-01	HUGH B RUCKMAN III	2022-03-02	HUGH B RUCKMAN III	2022-03-02
001	2020-01-01	H. B. RUCKMAN III	2021-06-08	H. B. RUCKMAN III	2021-06-08
001	2019-01-01	H. B. RUCKMAN, III	2020-09-29	H. B. RUCKMAN, III	2020-09-29
001	2018-11-01	H. B. RUCKMAN III	2019-05-03	H. B. RUCKMAN III	2019-05-03
001	2017-11-01	H. B. RUCKMAN III	2019-05-03	H. B. RUCKMAN III	2019-05-03
001	2016-11-01	H B RUCKMAN III	2018-03-08	H B RUCKMAN III	2018-03-08
001	2015-11-01	H.B. RUCKMAN III	2017-08-04
001	2015-11-01	H.B. RUCKMAN III	2016-12-27
001	2014-11-01	H.B. RUCKMAN III	2016-02-09
001	2013-11-01	H.B. RUCKMAN III	2015-07-27
001	2012-11-01	H.B. RUCKMAN III	2014-02-11
001	2011-11-01	H.B. RUCKMAN III	2013-10-01
001	2010-11-01	H.B. RUCKMAN III	2012-05-24

Plan Statistics for RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK

401k plan membership statisitcs for RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK

Measure Date Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2022 401k membership
Market value of plan assets 2022-12-31 4,048,160
Acturial value of plan assets 2022-12-31 4,048,160
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 1,216,474
Number of terminated vested participants 2022-12-31 12
Fundng target for terminated vested participants 2022-12-31 610,442
Active participant vested funding target 2022-12-31 1,739,940
Number of active participants 2022-12-31 33
Total funding liabilities for active participants 2022-12-31 1,859,689
Total participant count 2022-12-31 49
Total funding target for all participants 2022-12-31 3,686,605
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 342,002
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 361,394
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 650,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 634,787
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 296,992
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 634,787
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2021 401k membership
Market value of plan assets 2021-12-31 3,959,857
Acturial value of plan assets 2021-12-31 3,959,857
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 439,357
Number of terminated vested participants 2021-12-31 12
Fundng target for terminated vested participants 2021-12-31 562,097
Active participant vested funding target 2021-12-31 2,103,886
Number of active participants 2021-12-31 33
Total funding liabilities for active participants 2021-12-31 2,257,710
Total participant count 2021-12-31 48
Total funding target for all participants 2021-12-31 3,259,164
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 525,215
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 555,677
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 350,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 342,002
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 281,068
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 342,002
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2020 401k membership
Market value of plan assets 2020-12-31 3,707,901
Acturial value of plan assets 2020-12-31 3,707,901
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 465,014
Number of terminated vested participants 2020-12-31 9
Fundng target for terminated vested participants 2020-12-31 378,720
Active participant vested funding target 2020-12-31 2,303,084
Number of active participants 2020-12-31 32
Total funding liabilities for active participants 2020-12-31 2,418,878
Total participant count 2020-12-31 44
Total funding target for all participants 2020-12-31 3,262,612
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 740,162
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 781,611
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 536,000
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 525,805
Liquidity shortfalls end of Q1 2020-12-31 0
Liquidity shortfalls end of Q2 2020-12-31 0
Liquidity shortfalls end of Q3 2020-12-31 0
Liquidity shortfalls end of Q4 2020-12-31 0
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 326,957
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 525,805
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2019 401k membership
Market value of plan assets 2019-12-31 2,600,802
Acturial value of plan assets 2019-12-31 2,600,802
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 510,113
Number of terminated vested participants 2019-12-31 9
Fundng target for terminated vested participants 2019-12-31 214,669
Active participant vested funding target 2019-12-31 2,397,482
Number of active participants 2019-12-31 31
Total funding liabilities for active participants 2019-12-31 2,467,143
Total participant count 2019-12-31 43
Total funding target for all participants 2019-12-31 3,191,925
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 1,155,000
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 1,128,469
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 252,081
Net shortfall amortization installment of oustanding balance 2019-12-31 591,123
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 388,307
Additional cash requirement 2019-12-31 388,307
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 1,128,469
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2018 401k membership
Market value of plan assets 2018-12-31 2,495,432
Acturial value of plan assets 2018-12-31 2,495,432
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 509,072
Number of terminated vested participants 2018-12-31 9
Fundng target for terminated vested participants 2018-12-31 186,459
Active participant vested funding target 2018-12-31 2,282,220
Number of active participants 2018-12-31 27
Total funding liabilities for active participants 2018-12-31 2,298,936
Total participant count 2018-12-31 39
Total funding target for all participants 2018-12-31 2,994,467
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 2,725
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 2,887
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 183,065
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 180,942
Liquidity shortfalls end of Q1 2018-12-31 0
Liquidity shortfalls end of Q2 2018-12-31 0
Liquidity shortfalls end of Q3 2018-12-31 0
Liquidity shortfalls end of Q4 2018-12-31 0
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 0
Net shortfall amortization installment of oustanding balance 2018-12-31 499,035
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 16,903
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 16,903
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 180,942
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
Market value of plan assets 2018-10-31 2,642,834
Acturial value of plan assets 2018-10-31 2,642,834
Funding target for retired participants and beneficiaries receiving payment 2018-10-31 498,804
Number of terminated vested participants 2018-10-31 9
Fundng target for terminated vested participants 2018-10-31 300,216
Active participant vested funding target 2018-10-31 1,920,178
Number of active participants 2018-10-31 25
Total funding liabilities for active participants 2018-10-31 1,953,081
Total participant count 2018-10-31 37
Total funding target for all participants 2018-10-31 2,752,101
Balance at beginning of prior year after applicable adjustments 2018-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-10-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-10-31 0
Prefunding balanced used to offset prior years funding requirement 2018-10-31 0
Amount remaining of carryover balance 2018-10-31 0
Amount remaining of prefunding balance 2018-10-31 0
Present value of excess contributions 2018-10-31 270,720
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-10-31 287,396
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-10-31 0
Reductions in caryover balances due to elections or deemed elections 2018-10-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-10-31 0
Balance of carryovers at beginning of current year 2018-10-31 0
Balance of prefunding at beginning of current year 2018-10-31 0
Total employer contributions 2018-10-31 204,993
Total employee contributions 2018-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-10-31 195,689
Liquidity shortfalls end of Q1 2018-10-31 0
Liquidity shortfalls end of Q2 2018-10-31 0
Liquidity shortfalls end of Q3 2018-10-31 0
Liquidity shortfalls end of Q4 2018-10-31 0
Unpaid minimum required contributions for all prior years 2018-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-10-31 0
Remaining amount of unpaid minimum required contributions 2018-10-31 0
Minimum required contributions for current year target normal cost 2018-10-31 160,274
Net shortfall amortization installment of oustanding balance 2018-10-31 109,267
Waiver amortization installment 2018-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-10-31 192,964
Carryover balance elected to use to offset funding requirement 2018-10-31 0
Prefunding balance elected to use to offset funding requirement 2018-10-31 0
Additional cash requirement 2018-10-31 192,964
Contributions allocatedtoward minimum required contributions for current year 2018-10-31 195,689
Unpaid minimum required contributions for current year 2018-10-31 0
Unpaid minimum required contributions for all years 2018-10-31 0
2017: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2017 401k membership
Market value of plan assets 2017-10-31 2,051,559
Acturial value of plan assets 2017-10-31 2,051,559
Funding target for retired participants and beneficiaries receiving payment 2017-10-31 305,147
Number of terminated vested participants 2017-10-31 9
Fundng target for terminated vested participants 2017-10-31 312,249
Active participant vested funding target 2017-10-31 1,784,534
Number of active participants 2017-10-31 29
Total funding liabilities for active participants 2017-10-31 1,810,044
Total participant count 2017-10-31 40
Total funding target for all participants 2017-10-31 2,427,440
Balance at beginning of prior year after applicable adjustments 2017-10-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-10-31 72,144
Carryover balanced portion elected for use to offset prior years funding requirement 2017-10-31 0
Prefunding balanced used to offset prior years funding requirement 2017-10-31 72,144
Amount remaining of carryover balance 2017-10-31 0
Amount remaining of prefunding balance 2017-10-31 0
Present value of excess contributions 2017-10-31 756,159
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-10-31 801,208
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-10-31 0
Reductions in caryover balances due to elections or deemed elections 2017-10-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-10-31 0
Balance of carryovers at beginning of current year 2017-10-31 0
Balance of prefunding at beginning of current year 2017-10-31 0
Total employer contributions 2017-10-31 579,099
Total employee contributions 2017-10-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-10-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-10-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-10-31 549,774
Unpaid minimum required contributions for all prior years 2017-10-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-10-31 0
Remaining amount of unpaid minimum required contributions 2017-10-31 0
Minimum required contributions for current year target normal cost 2017-10-31 202,283
Net shortfall amortization installment of oustanding balance 2017-10-31 375,881
Waiver amortization installment 2017-10-31 0
Waived amount of outstanding balance 2017-10-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-10-31 283,405
Additional cash requirement 2017-10-31 283,405
Contributions allocatedtoward minimum required contributions for current year 2017-10-31 549,774
Unpaid minimum required contributions for current year 2017-10-31 0
Unpaid minimum required contributions for all years 2017-10-31 0

Measure	Date	Value
2022: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2022 401k membership
Market value of plan assets	2022-12-31	4,048,160
Acturial value of plan assets	2022-12-31	4,048,160
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	1,216,474
Number of terminated vested participants	2022-12-31	12
Fundng target for terminated vested participants	2022-12-31	610,442
Active participant vested funding target	2022-12-31	1,739,940
Number of active participants	2022-12-31	33
Total funding liabilities for active participants	2022-12-31	1,859,689
Total participant count	2022-12-31	49
Total funding target for all participants	2022-12-31	3,686,605
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	342,002
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	361,394
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	650,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	634,787
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	296,992
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	634,787
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2021 401k membership
Market value of plan assets	2021-12-31	3,959,857
Acturial value of plan assets	2021-12-31	3,959,857
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	439,357
Number of terminated vested participants	2021-12-31	12
Fundng target for terminated vested participants	2021-12-31	562,097
Active participant vested funding target	2021-12-31	2,103,886
Number of active participants	2021-12-31	33
Total funding liabilities for active participants	2021-12-31	2,257,710
Total participant count	2021-12-31	48
Total funding target for all participants	2021-12-31	3,259,164
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	525,215
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	555,677
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	350,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	342,002
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	281,068
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	342,002
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2020 401k membership
Market value of plan assets	2020-12-31	3,707,901
Acturial value of plan assets	2020-12-31	3,707,901
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	465,014
Number of terminated vested participants	2020-12-31	9
Fundng target for terminated vested participants	2020-12-31	378,720
Active participant vested funding target	2020-12-31	2,303,084
Number of active participants	2020-12-31	32
Total funding liabilities for active participants	2020-12-31	2,418,878
Total participant count	2020-12-31	44
Total funding target for all participants	2020-12-31	3,262,612
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	740,162
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	781,611
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	536,000
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	525,805
Liquidity shortfalls end of Q1	2020-12-31	0
Liquidity shortfalls end of Q2	2020-12-31	0
Liquidity shortfalls end of Q3	2020-12-31	0
Liquidity shortfalls end of Q4	2020-12-31	0
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	326,957
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	525,805
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2019 401k membership
Market value of plan assets	2019-12-31	2,600,802
Acturial value of plan assets	2019-12-31	2,600,802
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	510,113
Number of terminated vested participants	2019-12-31	9
Fundng target for terminated vested participants	2019-12-31	214,669
Active participant vested funding target	2019-12-31	2,397,482
Number of active participants	2019-12-31	31
Total funding liabilities for active participants	2019-12-31	2,467,143
Total participant count	2019-12-31	43
Total funding target for all participants	2019-12-31	3,191,925
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	1,155,000
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	1,128,469
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	252,081
Net shortfall amortization installment of oustanding balance	2019-12-31	591,123
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	388,307
Additional cash requirement	2019-12-31	388,307
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	1,128,469
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2018 401k membership
Market value of plan assets	2018-12-31	2,495,432
Acturial value of plan assets	2018-12-31	2,495,432
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	509,072
Number of terminated vested participants	2018-12-31	9
Fundng target for terminated vested participants	2018-12-31	186,459
Active participant vested funding target	2018-12-31	2,282,220
Number of active participants	2018-12-31	27
Total funding liabilities for active participants	2018-12-31	2,298,936
Total participant count	2018-12-31	39
Total funding target for all participants	2018-12-31	2,994,467
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	2,725
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	2,887
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	183,065
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	180,942
Liquidity shortfalls end of Q1	2018-12-31	0
Liquidity shortfalls end of Q2	2018-12-31	0
Liquidity shortfalls end of Q3	2018-12-31	0
Liquidity shortfalls end of Q4	2018-12-31	0
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	0
Net shortfall amortization installment of oustanding balance	2018-12-31	499,035
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	16,903
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	16,903
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	180,942
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
Market value of plan assets	2018-10-31	2,642,834
Acturial value of plan assets	2018-10-31	2,642,834
Funding target for retired participants and beneficiaries receiving payment	2018-10-31	498,804
Number of terminated vested participants	2018-10-31	9
Fundng target for terminated vested participants	2018-10-31	300,216
Active participant vested funding target	2018-10-31	1,920,178
Number of active participants	2018-10-31	25
Total funding liabilities for active participants	2018-10-31	1,953,081
Total participant count	2018-10-31	37
Total funding target for all participants	2018-10-31	2,752,101
Balance at beginning of prior year after applicable adjustments	2018-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-10-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-10-31	0
Prefunding balanced used to offset prior years funding requirement	2018-10-31	0
Amount remaining of carryover balance	2018-10-31	0
Amount remaining of prefunding balance	2018-10-31	0
Present value of excess contributions	2018-10-31	270,720
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-10-31	287,396
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-10-31	0
Reductions in caryover balances due to elections or deemed elections	2018-10-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-10-31	0
Balance of carryovers at beginning of current year	2018-10-31	0
Balance of prefunding at beginning of current year	2018-10-31	0
Total employer contributions	2018-10-31	204,993
Total employee contributions	2018-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-10-31	195,689
Liquidity shortfalls end of Q1	2018-10-31	0
Liquidity shortfalls end of Q2	2018-10-31	0
Liquidity shortfalls end of Q3	2018-10-31	0
Liquidity shortfalls end of Q4	2018-10-31	0
Unpaid minimum required contributions for all prior years	2018-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-10-31	0
Remaining amount of unpaid minimum required contributions	2018-10-31	0
Minimum required contributions for current year target normal cost	2018-10-31	160,274
Net shortfall amortization installment of oustanding balance	2018-10-31	109,267
Waiver amortization installment	2018-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-10-31	192,964
Carryover balance elected to use to offset funding requirement	2018-10-31	0
Prefunding balance elected to use to offset funding requirement	2018-10-31	0
Additional cash requirement	2018-10-31	192,964
Contributions allocatedtoward minimum required contributions for current year	2018-10-31	195,689
Unpaid minimum required contributions for current year	2018-10-31	0
Unpaid minimum required contributions for all years	2018-10-31	0
2017: RETIREMENT PLAN FOR EMPLOYEES OF KARNES COUNTY NATIONAL BANK 2017 401k membership
Market value of plan assets	2017-10-31	2,051,559
Acturial value of plan assets	2017-10-31	2,051,559
Funding target for retired participants and beneficiaries receiving payment	2017-10-31	305,147
Number of terminated vested participants	2017-10-31	9
Fundng target for terminated vested participants	2017-10-31	312,249
Active participant vested funding target	2017-10-31	1,784,534
Number of active participants	2017-10-31	29
Total funding liabilities for active participants	2017-10-31	1,810,044
Total participant count	2017-10-31	40
Total funding target for all participants	2017-10-31	2,427,440
Balance at beginning of prior year after applicable adjustments	2017-10-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-10-31	72,144
Carryover balanced portion elected for use to offset prior years funding requirement	2017-10-31	0
Prefunding balanced used to offset prior years funding requirement	2017-10-31	72,144
Amount remaining of carryover balance	2017-10-31	0
Amount remaining of prefunding balance	2017-10-31	0
Present value of excess contributions	2017-10-31	756,159
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-10-31	801,208
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-10-31	0
Reductions in caryover balances due to elections or deemed elections	2017-10-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-10-31	0
Balance of carryovers at beginning of current year	2017-10-31	0
Balance of prefunding at beginning of current year	2017-10-31	0
Total employer contributions	2017-10-31	579,099
Total employee contributions	2017-10-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-10-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-10-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-10-31	549,774
Unpaid minimum required contributions for all prior years	2017-10-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-10-31	0
Remaining amount of unpaid minimum required contributions	2017-10-31	0
Minimum required contributions for current year target normal cost	2017-10-31	202,283
Net shortfall amortization installment of oustanding balance	2017-10-31	375,881
Waiver amortization installment	2017-10-31	0
Waived amount of outstanding balance	2017-10-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-10-31	283,405
Additional cash requirement	2017-10-31	283,405
Contributions allocatedtoward minimum required contributions for current year	2017-10-31	549,774
Unpaid minimum required contributions for current year	2017-10-31	0
Unpaid minimum required contributions for all years	2017-10-31	0

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Company Name:	KARNES COUNTY NATIONAL BANK
Employer identification number (EIN):	740720605
NAIC Classification:	522110
NAIC Description:	Commercial Banking