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PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 401k Plan overview

Plan NamePEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN
Plan identification number 001

PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 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).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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

PEOPLES NATIONAL BANK OF KEWANEE has sponsored the creation of one or more 401k plans.

Company Name:PEOPLES NATIONAL BANK OF KEWANEE
Employer identification number (EIN):361614225
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01RANDY L. CARTON2023-10-06 RANDY L. CARTON2023-10-06
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01RANDY CARTON2019-01-25
0012018-01-01RANDY CARTON
0012017-01-01RANDY CARTON
0012016-01-01RANDY CARTON
0012015-01-01RANDY CARTON
0012015-01-01RANDY CARTON2016-09-14
0012014-01-01RANDY CARTON
0012014-01-01RANDY CARTON2015-10-09
0012013-01-01RANDY CARTON2014-10-13
0012013-01-01RANDY CARTON
0012012-01-01RANDY CARTON2013-10-09
0012011-01-01RANDY CARTON2012-10-11
0012010-01-01RANDY L. CARTON2011-10-01

Plan Statistics for PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN

401k plan membership statisitcs for PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN

Measure Date Value
2022: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-319,975,992
Acturial value of plan assets2022-12-319,975,992
Funding target for retired participants and beneficiaries receiving payment2022-12-314,064,789
Number of terminated vested participants2022-12-318
Fundng target for terminated vested participants2022-12-31190,433
Active participant vested funding target2022-12-314,428,448
Number of active participants2022-12-3156
Total funding liabilities for active participants2022-12-314,453,689
Total participant count2022-12-31107
Total funding target for all participants2022-12-318,708,911
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31934,906
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 balance2022-12-310
Amount remaining of prefunding balance2022-12-31934,906
Present value of excess contributions2022-12-31154,798
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31163,544
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 year2022-12-310
Balance of prefunding at beginning of current year2022-12-311,057,753
Total employer contributions2022-12-31648,264
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 date2022-12-31629,264
Liquidity shortfalls end of Q12022-12-310
Liquidity shortfalls end of Q22022-12-310
Liquidity shortfalls end of Q32022-12-310
Liquidity shortfalls end of Q42022-12-310
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 cost2022-12-31232,775
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3123,447
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3123,447
Contributions allocatedtoward minimum required contributions for current year2022-12-31629,264
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01107
Total number of active participants reported on line 7a of the Form 55002022-01-0145
Number of retired or separated participants receiving benefits2022-01-0145
Number of other retired or separated participants entitled to future benefits2022-01-0112
Total of all active and inactive participants2022-01-01102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-013
Total participants2022-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-318,564,605
Acturial value of plan assets2021-12-318,564,605
Funding target for retired participants and beneficiaries receiving payment2021-12-313,660,334
Number of terminated vested participants2021-12-319
Fundng target for terminated vested participants2021-12-31224,948
Active participant vested funding target2021-12-314,237,216
Number of active participants2021-12-3160
Total funding liabilities for active participants2021-12-314,273,385
Total participant count2021-12-31109
Total funding target for all participants2021-12-318,158,667
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31882,986
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31882,986
Present value of excess contributions2021-12-31141,311
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31149,493
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31934,906
Total employer contributions2021-12-31650,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31630,350
Liquidity shortfalls end of Q12021-12-310
Liquidity shortfalls end of Q22021-12-310
Liquidity shortfalls end of Q32021-12-310
Liquidity shortfalls end of Q42021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31249,631
Net shortfall amortization installment of oustanding balance2021-12-31528,968
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31475,552
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31475,552
Contributions allocatedtoward minimum required contributions for current year2021-12-31630,350
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01109
Total number of active participants reported on line 7a of the Form 55002021-01-0156
Number of retired or separated participants receiving benefits2021-01-0140
Number of other retired or separated participants entitled to future benefits2021-01-018
Total of all active and inactive participants2021-01-01104
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-013
Total participants2021-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-317,874,611
Acturial value of plan assets2020-12-317,874,611
Funding target for retired participants and beneficiaries receiving payment2020-12-313,094,274
Number of terminated vested participants2020-12-316
Fundng target for terminated vested participants2020-12-31125,462
Active participant vested funding target2020-12-314,407,674
Number of active participants2020-12-3161
Total funding liabilities for active participants2020-12-314,444,799
Total participant count2020-12-31105
Total funding target for all participants2020-12-317,664,535
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31891,016
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-3190,920
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31800,096
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31882,986
Total employer contributions2020-12-31550,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31533,800
Liquidity shortfalls end of Q12020-12-310
Liquidity shortfalls end of Q22020-12-310
Liquidity shortfalls end of Q32020-12-310
Liquidity shortfalls end of Q42020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31218,100
Net shortfall amortization installment of oustanding balance2020-12-31672,910
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31392,489
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31392,489
Contributions allocatedtoward minimum required contributions for current year2020-12-31533,800
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01105
Total number of active participants reported on line 7a of the Form 55002020-01-0160
Number of retired or separated participants receiving benefits2020-01-0137
Number of other retired or separated participants entitled to future benefits2020-01-019
Total of all active and inactive participants2020-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-013
Total participants2020-01-01109
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-316,934,677
Acturial value of plan assets2019-12-316,934,677
Funding target for retired participants and beneficiaries receiving payment2019-12-312,893,850
Number of terminated vested participants2019-12-315
Fundng target for terminated vested participants2019-12-31165,104
Active participant vested funding target2019-12-314,461,500
Number of active participants2019-12-3165
Total funding liabilities for active participants2019-12-314,495,622
Total participant count2019-12-31107
Total funding target for all participants2019-12-317,554,576
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-311,024,996
Prefunding balanced used to offset prior years funding requirement2019-12-3127,802
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31997,194
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-3185,536
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31891,016
Total employer contributions2019-12-31500,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31484,292
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31240,436
Net shortfall amortization installment of oustanding balance2019-12-311,510,915
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31575,212
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-3190,920
Additional cash requirement2019-12-31484,292
Contributions allocatedtoward minimum required contributions for current year2019-12-31484,292
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-01107
Total number of active participants reported on line 7a of the Form 55002019-01-0161
Number of retired or separated participants receiving benefits2019-01-0135
Number of other retired or separated participants entitled to future benefits2019-01-016
Total of all active and inactive participants2019-01-01102
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-013
Total participants2019-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011
2018: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-317,219,301
Acturial value of plan assets2018-12-317,219,301
Funding target for retired participants and beneficiaries receiving payment2018-12-312,945,171
Number of terminated vested participants2018-12-3114
Fundng target for terminated vested participants2018-12-31355,784
Active participant vested funding target2018-12-313,853,795
Number of active participants2018-12-3165
Total funding liabilities for active participants2018-12-313,883,857
Total participant count2018-12-31116
Total funding target for all participants2018-12-317,184,812
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31921,897
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-31921,897
Present value of excess contributions2018-12-3131,522
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3133,404
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-3133,404
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-311,024,996
Total employer contributions2018-12-31444,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31429,804
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31237,069
Net shortfall amortization installment of oustanding balance2018-12-31990,507
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31457,606
Prefunding balance elected to use to offset funding requirement2018-12-3127,802
Additional cash requirement2018-12-31429,804
Contributions allocatedtoward minimum required contributions for current year2018-12-31429,804
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-01116
Total number of active participants reported on line 7a of the Form 55002018-01-0165
Number of retired or separated participants receiving benefits2018-01-0136
Number of other retired or separated participants entitled to future benefits2018-01-015
Total of all active and inactive participants2018-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013
2017: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-316,516,716
Acturial value of plan assets2017-12-316,516,716
Funding target for retired participants and beneficiaries receiving payment2017-12-312,684,468
Number of terminated vested participants2017-12-3115
Fundng target for terminated vested participants2017-12-31322,864
Active participant vested funding target2017-12-313,315,317
Number of active participants2017-12-3165
Total funding liabilities for active participants2017-12-313,337,775
Total participant count2017-12-31113
Total funding target for all participants2017-12-316,345,107
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31837,479
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-31837,479
Present value of excess contributions2017-12-3110,650
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3111,306
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3111,306
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-31921,897
Total employer contributions2017-12-31492,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31475,190
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31283,066
Net shortfall amortization installment of oustanding balance2017-12-31750,288
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31443,668
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31443,668
Contributions allocatedtoward minimum required contributions for current year2017-12-31475,190
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-01113
Total number of active participants reported on line 7a of the Form 55002017-01-0165
Number of retired or separated participants receiving benefits2017-01-0136
Number of other retired or separated participants entitled to future benefits2017-01-0114
Total of all active and inactive participants2017-01-01115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-315,820,092
Acturial value of plan assets2016-12-315,820,092
Funding target for retired participants and beneficiaries receiving payment2016-12-312,603,009
Number of terminated vested participants2016-12-3114
Fundng target for terminated vested participants2016-12-31351,189
Active participant vested funding target2016-12-312,786,425
Number of active participants2016-12-3164
Total funding liabilities for active participants2016-12-312,814,001
Total participant count2016-12-31110
Total funding target for all participants2016-12-315,768,199
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31747,456
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-31747,456
Present value of excess contributions2016-12-3190,552
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3196,302
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-3196,302
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-31837,479
Total employer contributions2016-12-31453,600
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31437,651
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31278,448
Net shortfall amortization installment of oustanding balance2016-12-31785,586
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31427,001
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31427,001
Contributions allocatedtoward minimum required contributions for current year2016-12-31437,651
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01110
Total number of active participants reported on line 7a of the Form 55002016-01-0165
Number of retired or separated participants receiving benefits2016-01-0132
Number of other retired or separated participants entitled to future benefits2016-01-0115
Total of all active and inactive participants2016-01-01112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-01113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01108
Total number of active participants reported on line 7a of the Form 55002015-01-0164
Number of retired or separated participants receiving benefits2015-01-0131
Number of other retired or separated participants entitled to future benefits2015-01-0114
Total of all active and inactive participants2015-01-01109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01107
Total number of active participants reported on line 7a of the Form 55002014-01-0167
Number of retired or separated participants receiving benefits2014-01-0129
Number of other retired or separated participants entitled to future benefits2014-01-0111
Total of all active and inactive participants2014-01-01107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-011
Total participants2014-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01107
Total number of active participants reported on line 7a of the Form 55002013-01-0170
Number of retired or separated participants receiving benefits2013-01-0125
Number of other retired or separated participants entitled to future benefits2013-01-0111
Total of all active and inactive participants2013-01-01106
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN

Measure Date Value
2022 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$17,256
Expenses. Total of all expenses incurred2022-12-31$379,589
Benefits paid (including direct rollovers)2022-12-31$379,589
Total plan assets at end of year2022-12-31$9,613,659
Total plan assets at beginning of year2022-12-31$9,975,992
Value of fidelity bond covering the plan2022-12-31$3,000,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-631,008
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-362,333
Net plan assets at end of year (total assets less liabilities)2022-12-31$9,613,659
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$9,975,992
Assets. Value of employer securities2022-12-31$854,340
Total contributions received or receivable from employer(s)2022-12-31$648,264
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,787,828
Expenses. Total of all expenses incurred2021-12-31$376,441
Benefits paid (including direct rollovers)2021-12-31$376,441
Total plan assets at end of year2021-12-31$9,975,992
Total plan assets at beginning of year2021-12-31$8,564,605
Value of fidelity bond covering the plan2021-12-31$3,000,000
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$1,137,828
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,411,387
Net plan assets at end of year (total assets less liabilities)2021-12-31$9,975,992
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$8,564,605
Assets. Value of employer securities2021-12-31$609,491
Total contributions received or receivable from employer(s)2021-12-31$650,000
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,017,913
Expenses. Total of all expenses incurred2020-12-31$327,919
Benefits paid (including direct rollovers)2020-12-31$327,917
Total plan assets at end of year2020-12-31$8,564,605
Total plan assets at beginning of year2020-12-31$7,874,611
Value of fidelity bond covering the plan2020-12-31$3,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$2
Other income received2020-12-31$467,913
Net income (gross income less expenses)2020-12-31$689,994
Net plan assets at end of year (total assets less liabilities)2020-12-31$8,564,605
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$7,874,611
Assets. Value of employer securities2020-12-31$583,817
Total contributions received or receivable from employer(s)2020-12-31$550,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,226,201
Expenses. Total of all expenses incurred2019-12-31$286,267
Benefits paid (including direct rollovers)2019-12-31$286,267
Total plan assets at end of year2019-12-31$7,874,611
Total plan assets at beginning of year2019-12-31$6,934,677
Value of fidelity bond covering the plan2019-12-31$3,000,000
Other income received2019-12-31$726,201
Net income (gross income less expenses)2019-12-31$939,934
Net plan assets at end of year (total assets less liabilities)2019-12-31$7,874,611
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$6,934,677
Assets. Value of employer securities2019-12-31$572,307
Total contributions received or receivable from employer(s)2019-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2018 401k financial data
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$295,459
Expenses. Total of all expenses incurred2018-12-31$580,083
Benefits paid (including direct rollovers)2018-12-31$580,083
Total plan assets at end of year2018-12-31$6,934,677
Total plan assets at beginning of year2018-12-31$7,219,301
Value of fidelity bond covering the plan2018-12-31$3,000,000
Other income received2018-12-31$-148,541
Net income (gross income less expenses)2018-12-31$-284,624
Net plan assets at end of year (total assets less liabilities)2018-12-31$6,934,677
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$7,219,301
Assets. Value of employer securities2018-12-31$680,218
Total contributions received or receivable from employer(s)2018-12-31$444,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2017 401k financial data
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$989,154
Expenses. Total of all expenses incurred2017-12-31$286,569
Benefits paid (including direct rollovers)2017-12-31$286,569
Total plan assets at end of year2017-12-31$7,219,301
Total plan assets at beginning of year2017-12-31$6,516,716
Value of fidelity bond covering the plan2017-12-31$3,500,000
Other income received2017-12-31$497,154
Net income (gross income less expenses)2017-12-31$702,585
Net plan assets at end of year (total assets less liabilities)2017-12-31$7,219,301
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$6,516,716
Assets. Value of employer securities2017-12-31$518,264
Total contributions received or receivable from employer(s)2017-12-31$492,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2016 401k financial data
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$966,911
Expenses. Total of all expenses incurred2016-12-31$270,287
Benefits paid (including direct rollovers)2016-12-31$270,287
Total plan assets at end of year2016-12-31$6,516,716
Total plan assets at beginning of year2016-12-31$5,820,092
Value of fidelity bond covering the plan2016-12-31$3,500,000
Other income received2016-12-31$513,311
Net income (gross income less expenses)2016-12-31$696,624
Net plan assets at end of year (total assets less liabilities)2016-12-31$6,516,716
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$5,820,092
Assets. Value of employer securities2016-12-31$498,779
Total contributions received or receivable from employer(s)2016-12-31$453,600
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2015 401k financial data
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$335,710
Expenses. Total of all expenses incurred2015-12-31$249,543
Benefits paid (including direct rollovers)2015-12-31$249,543
Total plan assets at end of year2015-12-31$5,820,092
Total plan assets at beginning of year2015-12-31$5,733,925
Value of fidelity bond covering the plan2015-12-31$3,500,000
Other income received2015-12-31$-48,290
Net income (gross income less expenses)2015-12-31$86,167
Net plan assets at end of year (total assets less liabilities)2015-12-31$5,820,092
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$5,733,925
Assets. Value of employer securities2015-12-31$480,488
Total contributions received or receivable from employer(s)2015-12-31$384,000
2014 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2014 401k financial data
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$710,603
Expenses. Total of all expenses incurred2014-12-31$227,358
Benefits paid (including direct rollovers)2014-12-31$227,358
Total plan assets at end of year2014-12-31$5,733,925
Total plan assets at beginning of year2014-12-31$5,250,680
Value of fidelity bond covering the plan2014-12-31$3,500,000
Other income received2014-12-31$286,603
Net income (gross income less expenses)2014-12-31$483,245
Net plan assets at end of year (total assets less liabilities)2014-12-31$5,733,925
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$5,250,680
Assets. Value of employer securities2014-12-31$464,816
Total contributions received or receivable from employer(s)2014-12-31$424,000
2013 : PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$1,017,548
Expenses. Total of all expenses incurred2013-12-31$224,971
Benefits paid (including direct rollovers)2013-12-31$224,971
Total plan assets at end of year2013-12-31$5,250,680
Total plan assets at beginning of year2013-12-31$4,458,103
Value of fidelity bond covering the plan2013-12-31$3,000,000
Other income received2013-12-31$573,548
Net income (gross income less expenses)2013-12-31$792,577
Net plan assets at end of year (total assets less liabilities)2013-12-31$5,250,680
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$4,458,103
Assets. Value of employer securities2013-12-31$406,250
Total contributions received or receivable from employer(s)2013-12-31$444,000

Form 5500 Responses for PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN

2022: PEOPLES NATIONAL BANK OF KEWANEE PENSION 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
2021: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedYes
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PEOPLES NATIONAL BANK OF KEWANEE PENSION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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