401k Plan data: KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN plan

KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN
Plan identification number	002

KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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

KANSAS BANKERS ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name: KANSAS BANKERS ASSOCIATION

Employer identification number (EIN): 480937602

NAIC Classification: 522298
NAIC Description: All Other Nondepository Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-07-01 ERIC J STOFER 2022-04-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2020-07-01	ERIC J STOFER	2022-04-13

Plan Statistics for KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN

401k plan membership statisitcs for KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN

Measure Date Value
2021: KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets 2021-06-30 2,502,063
Acturial value of plan assets 2021-06-30 2,502,063
Funding target for retired participants and beneficiaries receiving payment 2021-06-30 1,283,508
Number of terminated vested participants 2021-06-30 2
Fundng target for terminated vested participants 2021-06-30 49,665
Active participant vested funding target 2021-06-30 610,353
Number of active participants 2021-06-30 6
Total funding liabilities for active participants 2021-06-30 610,353
Total participant count 2021-06-30 13
Total funding target for all participants 2021-06-30 1,943,526
Amount remaining of carryover balance 2021-06-30 0
Amount remaining of prefunding balance 2021-06-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-06-30 0
Reductions in caryover balances due to elections or deemed elections 2021-06-30 0
Reductions in prefunding balances due to elections or deemed elections 2021-06-30 0
Balance of carryovers at beginning of current year 2021-06-30 0
Balance of prefunding at beginning of current year 2021-06-30 0
Total employer contributions 2021-06-30 0
Total employee contributions 2021-06-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-06-30 0
Contributions made to avoid restrictions adjusted to valuation date 2021-06-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-06-30 0
Unpaid minimum required contributions for all prior years 2021-06-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-06-30 0
Remaining amount of unpaid minimum required contributions 2021-06-30 0
Minimum required contributions for current year target normal cost 2021-06-30 18,000
Net shortfall amortization installment of oustanding balance 2021-06-30 0
Waiver amortization installment 2021-06-30 0
Total funding amount beforereflecting carryover/prefunding balances 2021-06-30 0
Additional cash requirement 2021-06-30 0
Contributions allocatedtoward minimum required contributions for current year 2021-06-30 0
Unpaid minimum required contributions for current year 2021-06-30 0
Unpaid minimum required contributions for all years 2021-06-30 0

Measure	Date	Value
2021: KANSAS BANKERS ASSOCIATION DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets	2021-06-30	2,502,063
Acturial value of plan assets	2021-06-30	2,502,063
Funding target for retired participants and beneficiaries receiving payment	2021-06-30	1,283,508
Number of terminated vested participants	2021-06-30	2
Fundng target for terminated vested participants	2021-06-30	49,665
Active participant vested funding target	2021-06-30	610,353
Number of active participants	2021-06-30	6
Total funding liabilities for active participants	2021-06-30	610,353
Total participant count	2021-06-30	13
Total funding target for all participants	2021-06-30	1,943,526
Amount remaining of carryover balance	2021-06-30	0
Amount remaining of prefunding balance	2021-06-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-06-30	0
Reductions in caryover balances due to elections or deemed elections	2021-06-30	0
Reductions in prefunding balances due to elections or deemed elections	2021-06-30	0
Balance of carryovers at beginning of current year	2021-06-30	0
Balance of prefunding at beginning of current year	2021-06-30	0
Total employer contributions	2021-06-30	0
Total employee contributions	2021-06-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-06-30	0
Contributions made to avoid restrictions adjusted to valuation date	2021-06-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-06-30	0
Unpaid minimum required contributions for all prior years	2021-06-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-06-30	0
Remaining amount of unpaid minimum required contributions	2021-06-30	0
Minimum required contributions for current year target normal cost	2021-06-30	18,000
Net shortfall amortization installment of oustanding balance	2021-06-30	0
Waiver amortization installment	2021-06-30	0
Total funding amount beforereflecting carryover/prefunding balances	2021-06-30	0
Additional cash requirement	2021-06-30	0
Contributions allocatedtoward minimum required contributions for current year	2021-06-30	0
Unpaid minimum required contributions for current year	2021-06-30	0
Unpaid minimum required contributions for all years	2021-06-30	0

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	KANSAS BANKERS ASSOCIATION
Employer identification number (EIN):	480937602
NAIC Classification:	522298
NAIC Description:	All Other Nondepository Credit Intermediation