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

ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 401k Plan overview

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

ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN Benefits

401k Plan Type

Defined 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).
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

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

Company Name: ACCESS FEDERAL CREDIT UNION

Employer identification number (EIN): 156017605

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACCESS 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 2022-01-01 JUDITH S KOWALCZYK 2023-05-05
022 2021-01-01 JUDITH S KOWALCZYK 2022-05-24
022 2020-01-01 JUDITH S KOWALCZYK 2021-07-08
022 2019-01-01 JUDITH KOWALCZYK 2020-07-20
022 2018-01-01 PATRICIA A WOLCOTT 2019-09-06
022 2017-01-01 PATRICIA A WOLCOTT 2018-07-16
022 2016-01-01 PATRICIA A WOLCOTT 2017-09-19
022 2015-01-01 PATRICIA A WOLCOTT 2016-10-06
022 2015-01-01 PATRICIA A WOLCOTT 2016-07-19
022 2014-01-01 PATRICIA A WOLCOTT 2015-07-01
022 2013-01-01 PATRICIA A WOLCOTT 2014-07-09
022 2012-01-01 PATRICIA A WOLCOTT 2013-09-20
022 2011-01-01 PATRICIA A WOLCOTT 2012-09-19
022 2010-01-01 PATRICIA WOLCOTT 2011-09-21

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
022	2022-01-01	JUDITH S KOWALCZYK	2023-05-05
022	2021-01-01	JUDITH S KOWALCZYK	2022-05-24
022	2020-01-01	JUDITH S KOWALCZYK	2021-07-08
022	2019-01-01	JUDITH KOWALCZYK	2020-07-20
022	2018-01-01	PATRICIA A WOLCOTT	2019-09-06
022	2017-01-01	PATRICIA A WOLCOTT	2018-07-16
022	2016-01-01	PATRICIA A WOLCOTT	2017-09-19
022	2015-01-01	PATRICIA A WOLCOTT	2016-10-06
022	2015-01-01	PATRICIA A WOLCOTT	2016-07-19
022	2014-01-01	PATRICIA A WOLCOTT	2015-07-01
022	2013-01-01	PATRICIA A WOLCOTT	2014-07-09
022	2012-01-01	PATRICIA A WOLCOTT	2013-09-20
022	2011-01-01	PATRICIA A WOLCOTT	2012-09-19
022	2010-01-01	PATRICIA WOLCOTT	2011-09-21

Plan Statistics for ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN

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

Measure Date Value
2022: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2022 401k membership
Market value of plan assets 2022-12-31 4,008,515
Acturial value of plan assets 2022-12-31 4,008,515
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 759,668
Number of terminated vested participants 2022-12-31 13
Fundng target for terminated vested participants 2022-12-31 63,884
Active participant vested funding target 2022-12-31 1,714,936
Number of active participants 2022-12-31 31
Total funding liabilities for active participants 2022-12-31 1,715,820
Total participant count 2022-12-31 52
Total funding target for all participants 2022-12-31 2,539,372
Balance at beginning of prior year after applicable adjustments 2022-12-31 14,191
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 14,191
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 310,469
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 327,390
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 15,875
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 312,504
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 302,070
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 208,765
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 302,070
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
2021: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2021 401k membership
Market value of plan assets 2021-12-31 3,994,709
Acturial value of plan assets 2021-12-31 3,994,709
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 723,350
Number of terminated vested participants 2021-12-31 8
Fundng target for terminated vested participants 2021-12-31 41,235
Active participant vested funding target 2021-12-31 2,037,430
Number of active participants 2021-12-31 37
Total funding liabilities for active participants 2021-12-31 2,045,771
Total participant count 2021-12-31 53
Total funding target for all participants 2021-12-31 2,810,356
Balance at beginning of prior year after applicable adjustments 2021-12-31 12,438
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 12,438
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 211,627
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 222,610
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 14,191
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 319,258
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 310,469
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 241,801
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 310,469
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
2020: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2020 401k membership
Market value of plan assets 2020-12-31 3,461,375
Acturial value of plan assets 2020-12-31 3,461,375
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 400,151
Number of terminated vested participants 2020-12-31 14
Fundng target for terminated vested participants 2020-12-31 96,264
Active participant vested funding target 2020-12-31 2,083,751
Number of active participants 2020-12-31 36
Total funding liabilities for active participants 2020-12-31 2,089,585
Total participant count 2020-12-31 56
Total funding target for all participants 2020-12-31 2,586,000
Balance at beginning of prior year after applicable adjustments 2020-12-31 10,358
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 10,358
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 466,666
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 491,399
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 12,438
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 218,726
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 211,627
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 186,889
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 211,627
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
2019: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-12-31 2,514,067
Acturial value of plan assets 2019-12-31 2,514,067
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 356,937
Number of terminated vested participants 2019-12-31 15
Fundng target for terminated vested participants 2019-12-31 126,691
Active participant vested funding target 2019-12-31 1,734,945
Number of active participants 2019-12-31 38
Total funding liabilities for active participants 2019-12-31 1,740,057
Total participant count 2019-12-31 58
Total funding target for all participants 2019-12-31 2,223,685
Balance at beginning of prior year after applicable adjustments 2019-12-31 11,006
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 11,006
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 172,927
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 182,421
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 10,358
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 489,318
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 466,666
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 214,441
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 466,666
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
2018: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-12-31 2,530,810
Acturial value of plan assets 2018-12-31 2,530,810
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 250,230
Number of terminated vested participants 2018-12-31 16
Fundng target for terminated vested participants 2018-12-31 203,484
Active participant vested funding target 2018-12-31 1,432,207
Number of active participants 2018-12-31 35
Total funding liabilities for active participants 2018-12-31 1,435,955
Total participant count 2018-12-31 54
Total funding target for all participants 2018-12-31 1,889,669
Balance at beginning of prior year after applicable adjustments 2018-12-31 9,560
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
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 0
Amount remaining of carryover balance 2018-12-31 9,560
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 167,322
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 176,859
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 0
Balance of carryovers at beginning of current year 2018-12-31 11,006
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 179,637
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 2018-12-31 172,927
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 2018-12-31 128,646
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 0
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 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 172,927
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-12-31 2,131,567
Acturial value of plan assets 2017-12-31 2,131,567
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 10,006
Number of terminated vested participants 2017-12-31 17
Fundng target for terminated vested participants 2017-12-31 402,954
Active participant vested funding target 2017-12-31 1,174,522
Number of active participants 2017-12-31 31
Total funding liabilities for active participants 2017-12-31 1,176,798
Total participant count 2017-12-31 49
Total funding target for all participants 2017-12-31 1,589,758
Balance at beginning of prior year after applicable adjustments 2017-12-31 8,930
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 8,930
Amount remaining of prefunding balance 2017-12-31 0
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 0
Balance of carryovers at beginning of current year 2017-12-31 9,560
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 173,191
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 2017-12-31 167,322
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 2017-12-31 120,874
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 0
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 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 167,322
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets 2016-12-31 2,088,465
Acturial value of plan assets 2016-12-31 2,088,465
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 9,970
Number of terminated vested participants 2016-12-31 16
Fundng target for terminated vested participants 2016-12-31 110,467
Active participant vested funding target 2016-12-31 1,296,090
Number of active participants 2016-12-31 38
Total funding liabilities for active participants 2016-12-31 1,299,957
Total participant count 2016-12-31 55
Total funding target for all participants 2016-12-31 1,420,394
Balance at beginning of prior year after applicable adjustments 2016-12-31 9,231
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
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 9,231
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 583,169
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 618,976
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2016-12-31 0
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 8,930
Balance of prefunding at beginning of current year 2016-12-31 0
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 2016-12-31 136,168
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
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
2022: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	4,008,515
Acturial value of plan assets	2022-12-31	4,008,515
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	759,668
Number of terminated vested participants	2022-12-31	13
Fundng target for terminated vested participants	2022-12-31	63,884
Active participant vested funding target	2022-12-31	1,714,936
Number of active participants	2022-12-31	31
Total funding liabilities for active participants	2022-12-31	1,715,820
Total participant count	2022-12-31	52
Total funding target for all participants	2022-12-31	2,539,372
Balance at beginning of prior year after applicable adjustments	2022-12-31	14,191
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	14,191
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	310,469
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	327,390
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	15,875
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	312,504
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	302,070
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	208,765
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	302,070
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	3,994,709
Acturial value of plan assets	2021-12-31	3,994,709
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	723,350
Number of terminated vested participants	2021-12-31	8
Fundng target for terminated vested participants	2021-12-31	41,235
Active participant vested funding target	2021-12-31	2,037,430
Number of active participants	2021-12-31	37
Total funding liabilities for active participants	2021-12-31	2,045,771
Total participant count	2021-12-31	53
Total funding target for all participants	2021-12-31	2,810,356
Balance at beginning of prior year after applicable adjustments	2021-12-31	12,438
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	12,438
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	211,627
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	222,610
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	14,191
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	319,258
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	310,469
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	241,801
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	310,469
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	3,461,375
Acturial value of plan assets	2020-12-31	3,461,375
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	400,151
Number of terminated vested participants	2020-12-31	14
Fundng target for terminated vested participants	2020-12-31	96,264
Active participant vested funding target	2020-12-31	2,083,751
Number of active participants	2020-12-31	36
Total funding liabilities for active participants	2020-12-31	2,089,585
Total participant count	2020-12-31	56
Total funding target for all participants	2020-12-31	2,586,000
Balance at beginning of prior year after applicable adjustments	2020-12-31	10,358
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	10,358
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	466,666
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	491,399
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	12,438
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	218,726
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	211,627
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	186,889
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	211,627
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	2,514,067
Acturial value of plan assets	2019-12-31	2,514,067
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	356,937
Number of terminated vested participants	2019-12-31	15
Fundng target for terminated vested participants	2019-12-31	126,691
Active participant vested funding target	2019-12-31	1,734,945
Number of active participants	2019-12-31	38
Total funding liabilities for active participants	2019-12-31	1,740,057
Total participant count	2019-12-31	58
Total funding target for all participants	2019-12-31	2,223,685
Balance at beginning of prior year after applicable adjustments	2019-12-31	11,006
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	11,006
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	172,927
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	182,421
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	10,358
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	489,318
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	466,666
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	214,441
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	466,666
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	2,530,810
Acturial value of plan assets	2018-12-31	2,530,810
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	250,230
Number of terminated vested participants	2018-12-31	16
Fundng target for terminated vested participants	2018-12-31	203,484
Active participant vested funding target	2018-12-31	1,432,207
Number of active participants	2018-12-31	35
Total funding liabilities for active participants	2018-12-31	1,435,955
Total participant count	2018-12-31	54
Total funding target for all participants	2018-12-31	1,889,669
Balance at beginning of prior year after applicable adjustments	2018-12-31	9,560
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
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	0
Amount remaining of carryover balance	2018-12-31	9,560
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	167,322
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	176,859
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	0
Balance of carryovers at beginning of current year	2018-12-31	11,006
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	179,637
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	172,927
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	128,646
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	0
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	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	172,927
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	2,131,567
Acturial value of plan assets	2017-12-31	2,131,567
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	10,006
Number of terminated vested participants	2017-12-31	17
Fundng target for terminated vested participants	2017-12-31	402,954
Active participant vested funding target	2017-12-31	1,174,522
Number of active participants	2017-12-31	31
Total funding liabilities for active participants	2017-12-31	1,176,798
Total participant count	2017-12-31	49
Total funding target for all participants	2017-12-31	1,589,758
Balance at beginning of prior year after applicable adjustments	2017-12-31	8,930
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	8,930
Amount remaining of prefunding balance	2017-12-31	0
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	0
Balance of carryovers at beginning of current year	2017-12-31	9,560
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	173,191
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	167,322
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	120,874
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	0
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	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	167,322
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: ACCESS FEDERAL CREDIT UNION RETIREMENT PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	2,088,465
Acturial value of plan assets	2016-12-31	2,088,465
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	9,970
Number of terminated vested participants	2016-12-31	16
Fundng target for terminated vested participants	2016-12-31	110,467
Active participant vested funding target	2016-12-31	1,296,090
Number of active participants	2016-12-31	38
Total funding liabilities for active participants	2016-12-31	1,299,957
Total participant count	2016-12-31	55
Total funding target for all participants	2016-12-31	1,420,394
Balance at beginning of prior year after applicable adjustments	2016-12-31	9,231
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
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	9,231
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	583,169
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	618,976
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
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	8,930
Balance of prefunding at beginning of current year	2016-12-31	0
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	136,168
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
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:	ACCESS FEDERAL CREDIT UNION
Employer identification number (EIN):	156017605
NAIC Classification:	522130
NAIC Description:	Credit Unions