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PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NamePARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number 001

PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 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).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

PARADISE VALLEY FCU has sponsored the creation of one or more 401k plans.

Company Name:PARADISE VALLEY FCU
Employer identification number (EIN):951993583
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01ELOISITA NASH2020-07-26
0012018-01-01ELOISITA NASH2019-09-06
0012017-01-01GERALD SCHAFFNER2018-06-25
0012016-07-01GERALD SCHAFFNER2017-09-14
0012015-07-01GERALD SCHAFFNER2017-01-22
0012014-07-01JOHN PRESSLER2016-01-26
0012013-07-01JOHN PRESSLER2015-01-15
0012012-07-01JOHN PRESSLER2014-03-17
0012011-07-01JOHN PRESSLER2013-04-11
0012010-07-01JOHN G PRESSLER2012-03-29

Plan Statistics for PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2019: PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-10-31371,283
Acturial value of plan assets2019-10-31371,283
Funding target for retired participants and beneficiaries receiving payment2019-10-310
Number of terminated vested participants2019-10-310
Fundng target for terminated vested participants2019-10-310
Active participant vested funding target2019-10-31321,369
Number of active participants2019-10-314
Total funding liabilities for active participants2019-10-31321,369
Total participant count2019-10-314
Total funding target for all participants2019-10-31321,369
Balance at beginning of prior year after applicable adjustments2019-10-317,298
Prefunding balance at beginning of prior year after applicable adjustments2019-10-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-10-310
Prefunding balanced used to offset prior years funding requirement2019-10-310
Amount remaining of carryover balance2019-10-317,298
Amount remaining of prefunding balance2019-10-310
Present value of excess contributions2019-10-3140,566
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-10-3142,850
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-10-310
Reductions in caryover balances due to elections or deemed elections2019-10-310
Reductions in prefunding balances due to elections or deemed elections2019-10-310
Balance of carryovers at beginning of current year2019-10-317,404
Balance of prefunding at beginning of current year2019-10-310
Total employer contributions2019-10-3117,547
Total employee contributions2019-10-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-10-310
Contributions made to avoid restrictions adjusted to valuation date2019-10-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-10-3116,983
Unpaid minimum required contributions for all prior years2019-10-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-10-310
Remaining amount of unpaid minimum required contributions2019-10-310
Minimum required contributions for current year target normal cost2019-10-310
Net shortfall amortization installment of oustanding balance2019-10-310
Waiver amortization installment2019-10-310
Total funding amount beforereflecting carryover/prefunding balances2019-10-310
Carryover balance elected to use to offset funding requirement2019-10-310
Prefunding balance elected to use to offset funding requirement2019-10-310
Additional cash requirement2019-10-310
Contributions allocatedtoward minimum required contributions for current year2019-10-3116,983
Unpaid minimum required contributions for current year2019-10-310
Unpaid minimum required contributions for all years2019-10-310
2018: PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-31325,528
Acturial value of plan assets2018-12-31325,528
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31295,264
Number of active participants2018-12-315
Total funding liabilities for active participants2018-12-31295,264
Total participant count2018-12-315
Total funding target for all participants2018-12-31295,264
Balance at beginning of prior year after applicable adjustments2018-12-317,206
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 balance2018-12-317,206
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31212,996
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31224,860
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 year2018-12-317,298
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3141,934
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 date2018-12-3140,566
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 cost2018-12-310
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 year2018-12-3140,566
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-311,878,220
Acturial value of plan assets2017-12-311,878,220
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-311,125,159
Active participant vested funding target2017-12-31799,225
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-31800,595
Total participant count2017-12-318
Total funding target for all participants2017-12-311,925,754
Balance at beginning of prior year after applicable adjustments2017-12-317,161
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 balance2017-12-317,161
Amount remaining of prefunding balance2017-12-310
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 elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-317,206
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31231,432
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 date2017-12-31221,985
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 cost2017-12-310
Net shortfall amortization installment of oustanding balance2017-12-3154,740
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-318,989
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-318,989
Contributions allocatedtoward minimum required contributions for current year2017-12-31221,985
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: PARADISE VALLEY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-311,866,486
Acturial value of plan assets2016-12-311,866,486
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-311,762,797
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-311,767,699
Total participant count2016-12-318
Total funding target for all participants2016-12-311,767,699
Balance at beginning of prior year after applicable adjustments2016-12-317,058
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 balance2016-12-317,058
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31241,638
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31255,629
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 year2016-12-317,161
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-310
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 date2016-12-310
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 cost2016-12-310
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 year2016-12-310
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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