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THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN
Plan identification number 001

THE FIRST NATIONAL BANK OF FLOYDADA 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

THE FIRST NATIONAL BANK OF FLOYDADA has sponsored the creation of one or more 401k plans.

Company Name:THE FIRST NATIONAL BANK OF FLOYDADA
Employer identification number (EIN):750273308
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01AMANDA HINSLEY2023-10-03
0012021-01-01AMANDA HINSLEY2022-09-28
0012020-01-01AMANDA HINSLEY2022-04-22
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01LAURIEN SALESBERRY2013-07-03
0012011-01-01LAURIEN SALESBERRY2012-06-06
0012010-01-01AMANDA HINSLEY2011-07-27 AMANDA HINSLEY2011-07-27

Plan Statistics for THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN

401k plan membership statisitcs for THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN

Measure Date Value
2022: THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,075,916
Acturial value of plan assets2022-12-312,075,916
Funding target for retired participants and beneficiaries receiving payment2022-12-31204,450
Number of terminated vested participants2022-12-314
Fundng target for terminated vested participants2022-12-3146,142
Active participant vested funding target2022-12-311,475,001
Number of active participants2022-12-3112
Total funding liabilities for active participants2022-12-311,475,226
Total participant count2022-12-3120
Total funding target for all participants2022-12-311,725,818
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Present value of excess contributions2022-12-3167,681
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3171,478
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 year2022-12-310
Total employer contributions2022-12-3163,573
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 date2022-12-3160,741
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 cost2022-12-3129,131
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 year2022-12-3160,741
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-311,883,233
Acturial value of plan assets2021-12-311,883,233
Funding target for retired participants and beneficiaries receiving payment2021-12-31210,006
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3121,240
Active participant vested funding target2021-12-311,348,737
Number of active participants2021-12-3112
Total funding liabilities for active participants2021-12-311,349,773
Total participant count2021-12-3119
Total funding target for all participants2021-12-311,581,019
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
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 balance2021-12-310
Present value of excess contributions2021-12-3160,189
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3163,650
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 year2021-12-310
Total employer contributions2021-12-3170,000
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 date2021-12-3167,681
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 cost2021-12-3127,739
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 year2021-12-3167,681
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,740,609
Acturial value of plan assets2020-12-311,740,609
Funding target for retired participants and beneficiaries receiving payment2020-12-31216,025
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-3118,587
Active participant vested funding target2020-12-311,216,758
Number of active participants2020-12-3113
Total funding liabilities for active participants2020-12-311,219,241
Total participant count2020-12-3119
Total funding target for all participants2020-12-311,453,853
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
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 balance2020-12-310
Present value of excess contributions2020-12-3177,407
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3181,726
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 year2020-12-310
Total employer contributions2020-12-3161,926
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 date2020-12-3160,189
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 cost2020-12-3124,927
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3160,189
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,460,824
Acturial value of plan assets2019-12-311,460,824
Funding target for retired participants and beneficiaries receiving payment2019-12-31187,592
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-3118,285
Active participant vested funding target2019-12-311,122,341
Number of active participants2019-12-3112
Total funding liabilities for active participants2019-12-311,124,610
Total participant count2019-12-3117
Total funding target for all participants2019-12-311,330,487
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
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 balance2019-12-310
Present value of excess contributions2019-12-3177,319
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3181,780
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 year2019-12-310
Total employer contributions2019-12-3180,000
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 date2019-12-3177,407
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 cost2019-12-31115,021
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-3177,407
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,465,782
Acturial value of plan assets2018-12-311,465,782
Funding target for retired participants and beneficiaries receiving payment2018-12-31193,206
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-3116,989
Active participant vested funding target2018-12-31997,904
Number of active participants2018-12-319
Total funding liabilities for active participants2018-12-31997,904
Total participant count2018-12-3115
Total funding target for all participants2018-12-311,208,099
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
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 balance2018-12-310
Present value of excess contributions2018-12-3177,231
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3181,826
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 year2018-12-310
Total employer contributions2018-12-3180,000
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 date2018-12-3177,319
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 cost2018-12-31102,164
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-3177,319
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,247,878
Acturial value of plan assets2017-12-311,247,878
Funding target for retired participants and beneficiaries receiving payment2017-12-31132,809
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-3113,901
Active participant vested funding target2017-12-31896,558
Number of active participants2017-12-3111
Total funding liabilities for active participants2017-12-31896,558
Total participant count2017-12-3115
Total funding target for all participants2017-12-311,043,268
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
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 balance2017-12-310
Present value of excess contributions2017-12-31124,285
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31131,916
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-3180,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3177,231
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 cost2017-12-3190,290
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-3177,231
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE FIRST NATIONAL BANK OF FLOYDADA PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,059,276
Acturial value of plan assets2016-12-311,059,276
Funding target for retired participants and beneficiaries receiving payment2016-12-31135,515
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-3112,251
Active participant vested funding target2016-12-31809,834
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-31810,246
Total participant count2016-12-3116
Total funding target for all participants2016-12-31958,012
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
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 balance2016-12-310
Present value of excess contributions2016-12-3177,053
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3181,923
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
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 year2016-12-310
Total employer contributions2016-12-31130,000
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 date2016-12-31124,285
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 cost2016-12-3128,239
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31124,285
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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