401k Plan data: SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN plan

SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 401k Plan overview

Plan Name	SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN
Plan identification number	022

SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 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).
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).

401k Sponsoring company profile

SCIENT FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: SCIENT FEDERAL CREDIT UNION

Employer identification number (EIN): 060844560

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
022 2019-01-01 CHRIS MAYNARD 2020-04-07 CHRIS MAYNARD 2020-04-07
022 2018-01-01 DAVID PURCELL 2019-07-05 DAVID PURCELL 2019-07-05
022 2017-01-01 DAVID PURCELL 2018-07-26 DAVID PURCELL 2018-07-26
022 2016-01-01 ROBERT NEALON 2017-10-12 ROBERT NEALON 2017-10-12
022 2015-01-01 ROBERT NEALON 2016-10-07 ROBERT NEALON 2016-10-07
022 2014-01-01 ROBERT NEALON 2015-07-27 ROBERT NEALON 2015-07-27
022 2013-01-01 ASI CARMELI 2014-07-30 ASI CARMELI 2014-07-30
022 2012-01-01 ASI CARMELI 2013-07-26 ASI CARMELI 2013-07-26
022 2011-01-01 ASI CARMELI 2012-07-19 ASI CARMELI 2012-07-19
022 2010-01-01 CATHY BATES 2011-06-15 CATHY BATES 2011-06-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
022	2019-01-01	CHRIS MAYNARD	2020-04-07	CHRIS MAYNARD	2020-04-07
022	2018-01-01	DAVID PURCELL	2019-07-05	DAVID PURCELL	2019-07-05
022	2017-01-01	DAVID PURCELL	2018-07-26	DAVID PURCELL	2018-07-26
022	2016-01-01	ROBERT NEALON	2017-10-12	ROBERT NEALON	2017-10-12
022	2015-01-01	ROBERT NEALON	2016-10-07	ROBERT NEALON	2016-10-07
022	2014-01-01	ROBERT NEALON	2015-07-27	ROBERT NEALON	2015-07-27
022	2013-01-01	ASI CARMELI	2014-07-30	ASI CARMELI	2014-07-30
022	2012-01-01	ASI CARMELI	2013-07-26	ASI CARMELI	2013-07-26
022	2011-01-01	ASI CARMELI	2012-07-19	ASI CARMELI	2012-07-19
022	2010-01-01	CATHY BATES	2011-06-15	CATHY BATES	2011-06-15

Plan Statistics for SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

401k plan membership statisitcs for SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

Measure Date Value
2018: SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 2,159,426
Acturial value of plan assets 2018-12-31 2,159,426
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 20
Fundng target for terminated vested participants 2018-12-31 580,742
Active participant vested funding target 2018-12-31 1,158,393
Number of active participants 2018-12-31 48
Total funding liabilities for active participants 2018-12-31 1,211,841
Total participant count 2018-12-31 68
Total funding target for all participants 2018-12-31 1,792,583
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 770,469
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 2018-12-31 204,685
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 565,784
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
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 2018-12-31 213,595
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 366,843
Total employer contributions 2018-12-31 0
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 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 2018-12-31 290,356
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 290,356
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 290,356
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 2,371,640
Acturial value of plan assets 2017-12-31 2,371,640
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 20
Fundng target for terminated vested participants 2017-12-31 688,866
Active participant vested funding target 2017-12-31 878,198
Number of active participants 2017-12-31 44
Total funding liabilities for active participants 2017-12-31 912,305
Total participant count 2017-12-31 64
Total funding target for all participants 2017-12-31 1,601,171
Balance at beginning of prior year after applicable adjustments 2017-12-31 158,473
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 878,794
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 158,473
Prefunding balanced used to offset prior years funding requirement 2017-12-31 25,952
Amount remaining of carryover balance 2017-12-31 0
Amount remaining of prefunding balance 2017-12-31 852,842
Present value of excess contributions 2017-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 126,635
Balance of carryovers at beginning of current year 2017-12-31 0
Balance of prefunding at beginning of current year 2017-12-31 770,469
Total employer contributions 2017-12-31 0
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 0
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 204,685
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 204,685
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 204,685
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 2,429,768
Acturial value of plan assets 2016-12-31 2,429,768
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 17
Fundng target for terminated vested participants 2016-12-31 706,705
Active participant vested funding target 2016-12-31 647,504
Number of active participants 2016-12-31 46
Total funding liabilities for active participants 2016-12-31 685,796
Total participant count 2016-12-31 63
Total funding target for all participants 2016-12-31 1,392,501
Balance at beginning of prior year after applicable adjustments 2016-12-31 163,932
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 476,291
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 163,932
Amount remaining of prefunding balance 2016-12-31 476,291
Present value of excess contributions 2016-12-31 1,006,669
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 1,070,592
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 418,363
Reductions in caryover balances due to elections or deemed elections 2016-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 158,473
Balance of prefunding at beginning of current year 2016-12-31 878,794
Total employer contributions 2016-12-31 0
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 184,425
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 184,425
Carryover balance elected to use to offset funding requirement 2016-12-31 158,473
Prefunding balance elected to use to offset funding requirement 2016-12-31 25,952
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2018: SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	2,159,426
Acturial value of plan assets	2018-12-31	2,159,426
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	20
Fundng target for terminated vested participants	2018-12-31	580,742
Active participant vested funding target	2018-12-31	1,158,393
Number of active participants	2018-12-31	48
Total funding liabilities for active participants	2018-12-31	1,211,841
Total participant count	2018-12-31	68
Total funding target for all participants	2018-12-31	1,792,583
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	770,469
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	204,685
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	565,784
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
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	213,595
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	366,843
Total employer contributions	2018-12-31	0
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	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	290,356
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	290,356
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	290,356
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	2,371,640
Acturial value of plan assets	2017-12-31	2,371,640
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	20
Fundng target for terminated vested participants	2017-12-31	688,866
Active participant vested funding target	2017-12-31	878,198
Number of active participants	2017-12-31	44
Total funding liabilities for active participants	2017-12-31	912,305
Total participant count	2017-12-31	64
Total funding target for all participants	2017-12-31	1,601,171
Balance at beginning of prior year after applicable adjustments	2017-12-31	158,473
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	878,794
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	158,473
Prefunding balanced used to offset prior years funding requirement	2017-12-31	25,952
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	852,842
Present value of excess contributions	2017-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	126,635
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	770,469
Total employer contributions	2017-12-31	0
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	0
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	204,685
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	204,685
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	204,685
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SCIENT FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	2,429,768
Acturial value of plan assets	2016-12-31	2,429,768
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	17
Fundng target for terminated vested participants	2016-12-31	706,705
Active participant vested funding target	2016-12-31	647,504
Number of active participants	2016-12-31	46
Total funding liabilities for active participants	2016-12-31	685,796
Total participant count	2016-12-31	63
Total funding target for all participants	2016-12-31	1,392,501
Balance at beginning of prior year after applicable adjustments	2016-12-31	163,932
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	476,291
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	163,932
Amount remaining of prefunding balance	2016-12-31	476,291
Present value of excess contributions	2016-12-31	1,006,669
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	1,070,592
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	418,363
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	158,473
Balance of prefunding at beginning of current year	2016-12-31	878,794
Total employer contributions	2016-12-31	0
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	184,425
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	184,425
Carryover balance elected to use to offset funding requirement	2016-12-31	158,473
Prefunding balance elected to use to offset funding requirement	2016-12-31	25,952
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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Company Name:	SCIENT FEDERAL CREDIT UNION
Employer identification number (EIN):	060844560
NAIC Classification:	522130
NAIC Description:	Credit Unions