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

Plan NameVALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number 001

VALLEY ISLE COMMUNITY 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).
  • 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

VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION
Employer identification number (EIN):990073408
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-07-01TREVOR N. TOKISHI2024-01-03
0012021-07-01TREVOR N. TOKISHI2023-03-23
0012020-07-01TREVOR N. TOKISHI2022-04-06
0012019-07-01TREVOR N. TOKISHI2021-04-14
0012018-07-01TREVOR N. TOKISHI2020-04-03
0012017-07-01TREVOR N. TOKISHI2019-04-15
0012016-07-01TREVOR N. TOKISHI2018-01-11
0012015-07-01TREVOR N. TOKISHI2016-12-20
0012014-07-01TREVOR N. TOKISHI2016-01-22
0012013-07-01TREVOR N. TOKISHI2014-12-08
0012012-07-01TREVOR N. TOKISHI2014-01-09
0012011-07-01ALAN S. ARAI2013-03-28 ALAN S. ARAI2013-03-28
0012010-07-01ALAN ARAI2012-03-14

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

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

Measure Date Value
2023: VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2023 401k membership
Market value of plan assets2023-06-302,311,139
Acturial value of plan assets2023-06-302,311,139
Funding target for retired participants and beneficiaries receiving payment2023-06-30798,855
Number of terminated vested participants2023-06-305
Fundng target for terminated vested participants2023-06-30287,285
Active participant vested funding target2023-06-30838,089
Number of active participants2023-06-3011
Total funding liabilities for active participants2023-06-30838,089
Total participant count2023-06-3018
Total funding target for all participants2023-06-301,924,229
Balance at beginning of prior year after applicable adjustments2023-06-30273
Prefunding balance at beginning of prior year after applicable adjustments2023-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2023-06-300
Prefunding balanced used to offset prior years funding requirement2023-06-300
Amount remaining of carryover balance2023-06-30273
Amount remaining of prefunding balance2023-06-300
Present value of excess contributions2023-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-06-300
Reductions in caryover balances due to elections or deemed elections2023-06-300
Reductions in prefunding balances due to elections or deemed elections2023-06-300
Balance of carryovers at beginning of current year2023-06-30230
Balance of prefunding at beginning of current year2023-06-300
Total employer contributions2023-06-30400,000
Total employee contributions2023-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2023-06-300
Contributions made to avoid restrictions adjusted to valuation date2023-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-06-30389,667
Unpaid minimum required contributions for all prior years2023-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-06-300
Remaining amount of unpaid minimum required contributions2023-06-300
Minimum required contributions for current year target normal cost2023-06-300
Net shortfall amortization installment of oustanding balance2023-06-300
Waiver amortization installment2023-06-300
Total funding amount beforereflecting carryover/prefunding balances2023-06-300
Carryover balance elected to use to offset funding requirement2023-06-300
Prefunding balance elected to use to offset funding requirement2023-06-300
Additional cash requirement2023-06-300
Contributions allocatedtoward minimum required contributions for current year2023-06-30389,667
Unpaid minimum required contributions for current year2023-06-300
Unpaid minimum required contributions for all years2023-06-300
2022: VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-06-302,799,026
Acturial value of plan assets2022-06-302,799,026
Funding target for retired participants and beneficiaries receiving payment2022-06-30814,351
Number of terminated vested participants2022-06-305
Fundng target for terminated vested participants2022-06-30265,089
Active participant vested funding target2022-06-30754,731
Number of active participants2022-06-3011
Total funding liabilities for active participants2022-06-30754,731
Total participant count2022-06-3018
Total funding target for all participants2022-06-301,834,171
Balance at beginning of prior year after applicable adjustments2022-06-30256
Prefunding balance at beginning of prior year after applicable adjustments2022-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-06-300
Prefunding balanced used to offset prior years funding requirement2022-06-300
Amount remaining of carryover balance2022-06-30256
Amount remaining of prefunding balance2022-06-300
Present value of excess contributions2022-06-30931,739
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-06-30980,189
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-06-300
Reductions in caryover balances due to elections or deemed elections2022-06-300
Reductions in prefunding balances due to elections or deemed elections2022-06-300
Balance of carryovers at beginning of current year2022-06-30273
Balance of prefunding at beginning of current year2022-06-300
Total employer contributions2022-06-300
Total employee contributions2022-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-06-300
Contributions made to avoid restrictions adjusted to valuation date2022-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-06-300
Unpaid minimum required contributions for all prior years2022-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-06-300
Remaining amount of unpaid minimum required contributions2022-06-300
Minimum required contributions for current year target normal cost2022-06-300
Net shortfall amortization installment of oustanding balance2022-06-300
Waiver amortization installment2022-06-300
Total funding amount beforereflecting carryover/prefunding balances2022-06-300
Carryover balance elected to use to offset funding requirement2022-06-300
Prefunding balance elected to use to offset funding requirement2022-06-300
Additional cash requirement2022-06-300
Contributions allocatedtoward minimum required contributions for current year2022-06-300
Unpaid minimum required contributions for current year2022-06-300
Unpaid minimum required contributions for all years2022-06-300
2021: VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-06-301,788,076
Acturial value of plan assets2021-06-301,788,076
Funding target for retired participants and beneficiaries receiving payment2021-06-30855,647
Number of terminated vested participants2021-06-305
Fundng target for terminated vested participants2021-06-3094,656
Active participant vested funding target2021-06-30918,287
Number of active participants2021-06-3012
Total funding liabilities for active participants2021-06-30920,575
Total participant count2021-06-3019
Total funding target for all participants2021-06-301,870,878
Balance at beginning of prior year after applicable adjustments2021-06-30250
Prefunding balance at beginning of prior year after applicable adjustments2021-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-06-300
Prefunding balanced used to offset prior years funding requirement2021-06-300
Amount remaining of carryover balance2021-06-30250
Amount remaining of prefunding balance2021-06-300
Present value of excess contributions2021-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-06-300
Reductions in caryover balances due to elections or deemed elections2021-06-300
Reductions in prefunding balances due to elections or deemed elections2021-06-300
Balance of carryovers at beginning of current year2021-06-30256
Balance of prefunding at beginning of current year2021-06-300
Total employer contributions2021-06-301,000,000
Total employee contributions2021-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-06-300
Contributions made to avoid restrictions adjusted to valuation date2021-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-06-30946,092
Unpaid minimum required contributions for all prior years2021-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-06-300
Remaining amount of unpaid minimum required contributions2021-06-300
Minimum required contributions for current year target normal cost2021-06-30900
Net shortfall amortization installment of oustanding balance2021-06-3083,058
Waiver amortization installment2021-06-300
Total funding amount beforereflecting carryover/prefunding balances2021-06-3014,353
Carryover balance elected to use to offset funding requirement2021-06-300
Prefunding balance elected to use to offset funding requirement2021-06-300
Additional cash requirement2021-06-3014,353
Contributions allocatedtoward minimum required contributions for current year2021-06-30946,092
Unpaid minimum required contributions for current year2021-06-300
Unpaid minimum required contributions for all years2021-06-300
2020: VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-06-301,822,973
Acturial value of plan assets2020-06-301,822,973
Funding target for retired participants and beneficiaries receiving payment2020-06-30868,592
Number of terminated vested participants2020-06-308
Fundng target for terminated vested participants2020-06-3075,567
Active participant vested funding target2020-06-30837,756
Number of active participants2020-06-3012
Total funding liabilities for active participants2020-06-30843,461
Total participant count2020-06-3021
Total funding target for all participants2020-06-301,787,620
Balance at beginning of prior year after applicable adjustments2020-06-30245
Prefunding balance at beginning of prior year after applicable adjustments2020-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-06-300
Prefunding balanced used to offset prior years funding requirement2020-06-300
Amount remaining of carryover balance2020-06-30245
Amount remaining of prefunding balance2020-06-300
Present value of excess contributions2020-06-30168,075
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-06-30177,386
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-06-300
Reductions in caryover balances due to elections or deemed elections2020-06-300
Reductions in prefunding balances due to elections or deemed elections2020-06-300
Balance of carryovers at beginning of current year2020-06-30250
Balance of prefunding at beginning of current year2020-06-300
Total employer contributions2020-06-300
Total employee contributions2020-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-06-300
Contributions made to avoid restrictions adjusted to valuation date2020-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-06-300
Unpaid minimum required contributions for all prior years2020-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-06-300
Remaining amount of unpaid minimum required contributions2020-06-300
Minimum required contributions for current year target normal cost2020-06-300
Net shortfall amortization installment of oustanding balance2020-06-300
Waiver amortization installment2020-06-300
Total funding amount beforereflecting carryover/prefunding balances2020-06-300
Carryover balance elected to use to offset funding requirement2020-06-300
Prefunding balance elected to use to offset funding requirement2020-06-300
Additional cash requirement2020-06-300
Contributions allocatedtoward minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for current year2020-06-300
Unpaid minimum required contributions for all years2020-06-300
2019: VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-06-301,685,544
Acturial value of plan assets2019-06-301,685,544
Funding target for retired participants and beneficiaries receiving payment2019-06-30853,501
Number of terminated vested participants2019-06-308
Fundng target for terminated vested participants2019-06-3068,189
Active participant vested funding target2019-06-30760,597
Number of active participants2019-06-3012
Total funding liabilities for active participants2019-06-30768,798
Total participant count2019-06-3021
Total funding target for all participants2019-06-301,690,488
Balance at beginning of prior year after applicable adjustments2019-06-30239
Prefunding balance at beginning of prior year after applicable adjustments2019-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-06-300
Prefunding balanced used to offset prior years funding requirement2019-06-300
Amount remaining of carryover balance2019-06-30239
Amount remaining of prefunding balance2019-06-300
Present value of excess contributions2019-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-06-300
Reductions in caryover balances due to elections or deemed elections2019-06-300
Reductions in prefunding balances due to elections or deemed elections2019-06-300
Balance of carryovers at beginning of current year2019-06-30245
Balance of prefunding at beginning of current year2019-06-300
Total employer contributions2019-06-30180,000
Total employee contributions2019-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-06-300
Contributions made to avoid restrictions adjusted to valuation date2019-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-06-30168,922
Unpaid minimum required contributions for all prior years2019-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-06-300
Remaining amount of unpaid minimum required contributions2019-06-300
Minimum required contributions for current year target normal cost2019-06-300
Net shortfall amortization installment of oustanding balance2019-06-305,189
Waiver amortization installment2019-06-300
Total funding amount beforereflecting carryover/prefunding balances2019-06-30847
Carryover balance elected to use to offset funding requirement2019-06-300
Prefunding balance elected to use to offset funding requirement2019-06-300
Additional cash requirement2019-06-30847
Contributions allocatedtoward minimum required contributions for current year2019-06-30168,922
Unpaid minimum required contributions for current year2019-06-300
Unpaid minimum required contributions for all years2019-06-300
2018: VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-06-302,065,881
Acturial value of plan assets2018-06-302,065,881
Funding target for retired participants and beneficiaries receiving payment2018-06-30858,979
Number of terminated vested participants2018-06-308
Fundng target for terminated vested participants2018-06-30374,375
Active participant vested funding target2018-06-30691,719
Number of active participants2018-06-3014
Total funding liabilities for active participants2018-06-30705,751
Total participant count2018-06-3023
Total funding target for all participants2018-06-301,939,105
Balance at beginning of prior year after applicable adjustments2018-06-30233
Prefunding balance at beginning of prior year after applicable adjustments2018-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2018-06-300
Prefunding balanced used to offset prior years funding requirement2018-06-300
Amount remaining of carryover balance2018-06-30233
Amount remaining of prefunding balance2018-06-300
Present value of excess contributions2018-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-06-300
Reductions in caryover balances due to elections or deemed elections2018-06-300
Reductions in prefunding balances due to elections or deemed elections2018-06-300
Balance of carryovers at beginning of current year2018-06-30239
Balance of prefunding at beginning of current year2018-06-300
Total employer contributions2018-06-300
Total employee contributions2018-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-06-300
Contributions made to avoid restrictions adjusted to valuation date2018-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-06-300
Unpaid minimum required contributions for all prior years2018-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-06-300
Remaining amount of unpaid minimum required contributions2018-06-300
Minimum required contributions for current year target normal cost2018-06-300
Net shortfall amortization installment of oustanding balance2018-06-300
Waiver amortization installment2018-06-300
Total funding amount beforereflecting carryover/prefunding balances2018-06-300
Carryover balance elected to use to offset funding requirement2018-06-300
Prefunding balance elected to use to offset funding requirement2018-06-300
Additional cash requirement2018-06-300
Contributions allocatedtoward minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for current year2018-06-300
Unpaid minimum required contributions for all years2018-06-300
2017: VALLEY ISLE COMMUNITY FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-06-302,091,453
Acturial value of plan assets2017-06-302,091,453
Funding target for retired participants and beneficiaries receiving payment2017-06-30863,226
Number of terminated vested participants2017-06-304
Fundng target for terminated vested participants2017-06-306,074
Active participant vested funding target2017-06-30838,246
Number of active participants2017-06-3017
Total funding liabilities for active participants2017-06-30899,767
Total participant count2017-06-3022
Total funding target for all participants2017-06-301,769,067
Balance at beginning of prior year after applicable adjustments2017-06-30230
Prefunding balance at beginning of prior year after applicable adjustments2017-06-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-06-300
Prefunding balanced used to offset prior years funding requirement2017-06-300
Amount remaining of carryover balance2017-06-30230
Amount remaining of prefunding balance2017-06-300
Present value of excess contributions2017-06-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-06-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-06-300
Reductions in caryover balances due to elections or deemed elections2017-06-300
Reductions in prefunding balances due to elections or deemed elections2017-06-300
Balance of carryovers at beginning of current year2017-06-30233
Balance of prefunding at beginning of current year2017-06-300
Total employer contributions2017-06-300
Total employee contributions2017-06-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-06-300
Contributions made to avoid restrictions adjusted to valuation date2017-06-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-06-300
Unpaid minimum required contributions for all prior years2017-06-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-06-300
Remaining amount of unpaid minimum required contributions2017-06-300
Minimum required contributions for current year target normal cost2017-06-300
Net shortfall amortization installment of oustanding balance2017-06-300
Waiver amortization installment2017-06-300
Waived amount of outstanding balance2017-06-300
Total funding amount beforereflecting carryover/prefunding balances2017-06-300
Carryover balance elected to use to offset funding requirement2017-06-300
Prefunding balance elected to use to offset funding requirement2017-06-300
Additional cash requirement2017-06-300
Contributions allocatedtoward minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for current year2017-06-300
Unpaid minimum required contributions for all years2017-06-300

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