CORNING FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan CORNING FEDERAL CREDIT UNION PENSION PLAN
Measure | Date | Value |
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2010 : CORNING FEDERAL CREDIT UNION PENSION PLAN 2010 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2010-09-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-09-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-09-30 | $0 |
Total income from all sources (including contributions) | 2010-09-30 | $54,604 |
Total loss/gain on sale of assets | 2010-09-30 | $0 |
Total of all expenses incurred | 2010-09-30 | $1,279,544 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-09-30 | $1,279,544 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-09-30 | $28,085 |
Value of total assets at end of year | 2010-09-30 | $0 |
Value of total assets at beginning of year | 2010-09-30 | $1,224,940 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-09-30 | $0 |
Total interest from all sources | 2010-09-30 | $26,519 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-09-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-09-30 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2010-09-30 | $60,163 |
Was this plan covered by a fidelity bond | 2010-09-30 | Yes |
Value of fidelity bond cover | 2010-09-30 | $15,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-09-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-09-30 | No |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2010-09-30 | $60,163 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-09-30 | No |
Value of net income/loss | 2010-09-30 | $-1,224,940 |
Value of net assets at end of year (total assets less liabilities) | 2010-09-30 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-09-30 | $1,224,940 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-09-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-09-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-09-30 | No |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-09-30 | $26,519 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2010-09-30 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2010-09-30 | $1,224,940 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-09-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2010-09-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-09-30 | No |
Contributions received in cash from employer | 2010-09-30 | $28,085 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-09-30 | $1,219,381 |
Did the plan have assets held for investment | 2010-09-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-09-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-09-30 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-09-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-09-30 | Disclaimer |
Accountancy firm name | 2010-09-30 | MENGEL METZGER BARR |
Accountancy firm EIN | 2010-09-30 | 161092347 |
2009 : CORNING FEDERAL CREDIT UNION PENSION PLAN 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |