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MUFG BANK, LTD. RETIREMENT PLAN 401k Plan overview

Plan NameMUFG BANK, LTD. RETIREMENT PLAN
Plan identification number 016

MUFG BANK, LTD. RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Code section 401(h) arrangement - Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MUFG BANK, LTD has sponsored the creation of one or more 401k plans.

Company Name:MUFG BANK, LTD
Employer identification number (EIN):135611741
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MUFG BANK, LTD. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0162022-01-01

Plan Statistics for MUFG BANK, LTD. RETIREMENT PLAN

401k plan membership statisitcs for MUFG BANK, LTD. RETIREMENT PLAN

Measure Date Value
2022: MUFG BANK, LTD. RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-315,014,355,127
Acturial value of plan assets2022-12-315,014,355,127
Funding target for retired participants and beneficiaries receiving payment2022-12-311,565,861,042
Number of terminated vested participants2022-12-318,826
Fundng target for terminated vested participants2022-12-31449,694,833
Active participant vested funding target2022-12-31691,251,472
Number of active participants2022-12-3111,037
Total funding liabilities for active participants2022-12-31736,737,796
Total participant count2022-12-3128,178
Total funding target for all participants2022-12-312,752,293,671
Balance at beginning of prior year after applicable adjustments2022-12-31914,828,151
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 balance2022-12-31914,828,151
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-311,017,197,421
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
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 date2022-12-310
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 cost2022-12-3167,067,875
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-0127,981
Total number of active participants reported on line 7a of the Form 55002022-01-015,502
Number of retired or separated participants receiving benefits2022-01-017,970
Number of other retired or separated participants entitled to future benefits2022-01-019,079
Total of all active and inactive participants2022-01-0122,551
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01588
Total participants2022-01-0123,139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-01498

Financial Data on MUFG BANK, LTD. RETIREMENT PLAN

Measure Date Value
2022 : MUFG BANK, LTD. RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$-42,667,513
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-508,469,608
Total unrealized appreciation/depreciation of assets2022-12-31$-551,137,121
Total transfer of assets from this plan2022-12-31$818,085,830
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$242,687,828
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$58,622,320
Total income from all sources (including contributions)2022-12-31$-920,979,096
Total loss/gain on sale of assets2022-12-31$-65,859,480
Total of all expenses incurred2022-12-31$198,024,787
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$188,229,200
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$3,589,070,396
Value of total assets at beginning of year2022-12-31$5,342,094,601
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$9,795,587
Total interest from all sources2022-12-31$77,751,158
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$13,735,765
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$11,807,586
Administrative expenses professional fees incurred2022-12-31$1,831,770
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$100,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Assets. Other investments not covered elsewhere at end of year2022-12-31$51,941,749
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$70,986,573
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$48,025,599
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$40,359,972
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$242,687,828
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$58,622,320
Other income not declared elsewhere2022-12-31$402,820
Administrative expenses (other) incurred2022-12-31$2,524,857
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,119,003,883
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,346,382,568
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$5,283,472,281
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$3,649,409
Assets. partnership/joint venture interests at beginning of year2022-12-31$4,104,434
Investment advisory and management fees2022-12-31$5,438,960
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$147,357,670
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$753,993,302
Interest earned on other investments2022-12-31$20,984,809
Income. Interest from US Government securities2022-12-31$14,566,061
Income. Interest from corporate debt instruments2022-12-31$42,128,680
Value of interest in common/collective trusts at end of year2022-12-31$1,065,268,107
Value of interest in common/collective trusts at beginning of year2022-12-31$1,460,931,483
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$4,485,726
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$92,838,318
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$92,838,318
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$71,608
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$48,135,344
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$162,739,811
Asset value of US Government securities at end of year2022-12-31$754,127,231
Asset value of US Government securities at beginning of year2022-12-31$682,663,980
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-139,043,219
Net investment gain or loss from common/collective trusts2022-12-31$-218,224,552
Net gain/loss from 103.12 investment entities2022-12-31$-38,604,467
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Income. Dividends from preferred stock2022-12-31$185,258
Income. Dividends from common stock2022-12-31$1,742,921
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$188,229,200
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$898,653,631
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$1,066,930,126
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$567,425,930
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$1,006,546,602
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$2,571,086,668
Aggregate carrying amount (costs) on sale of assets2022-12-31$2,636,946,148
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2022-12-31133891517

Form 5500 Responses for MUFG BANK, LTD. RETIREMENT PLAN

2022: MUFG BANK, LTD. RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

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