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BENEFICIAL BANK CONSOLIDATED PENSION PLAN 401k Plan overview

Plan NameBENEFICIAL BANK CONSOLIDATED PENSION PLAN
Plan identification number 004

BENEFICIAL BANK CONSOLIDATED PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WILMINGTON SAVINGS FUND SOCIETY, FSB has sponsored the creation of one or more 401k plans.

Company Name:WILMINGTON SAVINGS FUND SOCIETY, FSB
Employer identification number (EIN):510054940
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about WILMINGTON SAVINGS FUND SOCIETY, FSB

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2155494

More information about WILMINGTON SAVINGS FUND SOCIETY, FSB

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BENEFICIAL BANK CONSOLIDATED PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01
0042021-01-01
0042020-01-01
0042020-01-01
0042019-01-01
0042019-01-01

Plan Statistics for BENEFICIAL BANK CONSOLIDATED PENSION PLAN

401k plan membership statisitcs for BENEFICIAL BANK CONSOLIDATED PENSION PLAN

Measure Date Value
2022: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-31108,252,464
Acturial value of plan assets2022-12-31108,252,464
Funding target for retired participants and beneficiaries receiving payment2022-12-3140,244,324
Number of terminated vested participants2022-12-31494
Fundng target for terminated vested participants2022-12-3125,612,618
Active participant vested funding target2022-12-316,650,773
Number of active participants2022-12-3196
Total funding liabilities for active participants2022-12-316,654,091
Total participant count2022-12-31867
Total funding target for all participants2022-12-3172,511,033
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3131,215,930
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 balance2022-12-3131,215,930
Present value of excess contributions2022-12-319,711
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3110,254
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 year2022-12-3131,974,477
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31600,000
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01867
Total number of active participants reported on line 7a of the Form 55002022-01-0189
Number of retired or separated participants receiving benefits2022-01-01262
Number of other retired or separated participants entitled to future benefits2022-01-01468
Total of all active and inactive participants2022-01-01819
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0134
Total participants2022-01-01853
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-31110,348,843
Acturial value of plan assets2021-12-31110,348,843
Funding target for retired participants and beneficiaries receiving payment2021-12-3139,103,070
Number of terminated vested participants2021-12-31497
Fundng target for terminated vested participants2021-12-3125,365,294
Active participant vested funding target2021-12-316,836,982
Number of active participants2021-12-31104
Total funding liabilities for active participants2021-12-316,842,206
Total participant count2021-12-31867
Total funding target for all participants2021-12-3171,310,570
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3128,249,627
Prefunding balanced used to offset prior years funding requirement2021-12-311,436,425
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3126,813,202
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
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 year2021-12-3131,215,930
Total employer contributions2021-12-310
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 date2021-12-310
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 cost2021-12-31600,000
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01867
Total number of active participants reported on line 7a of the Form 55002021-01-0196
Number of retired or separated participants receiving benefits2021-01-01254
Number of other retired or separated participants entitled to future benefits2021-01-01489
Total of all active and inactive participants2021-01-01839
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0128
Total participants2021-01-01867
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-3199,605,191
Acturial value of plan assets2020-12-3199,605,191
Funding target for retired participants and beneficiaries receiving payment2020-12-3136,565,420
Number of terminated vested participants2020-12-31516
Fundng target for terminated vested participants2020-12-3127,722,254
Active participant vested funding target2020-12-319,343,930
Number of active participants2020-12-31117
Total funding liabilities for active participants2020-12-319,348,687
Total participant count2020-12-31884
Total funding target for all participants2020-12-3173,636,361
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3126,146,953
Prefunding balanced used to offset prior years funding requirement2020-12-312,479,370
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3123,667,583
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
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 year2020-12-3128,249,627
Total employer contributions2020-12-310
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 date2020-12-310
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 cost2020-12-31600,000
Net shortfall amortization installment of oustanding balance2020-12-312,280,797
Total funding amount beforereflecting carryover/prefunding balances2020-12-311,436,425
Prefunding balance elected to use to offset funding requirement2020-12-311,436,425
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01884
Total number of active participants reported on line 7a of the Form 55002020-01-01104
Number of retired or separated participants receiving benefits2020-01-01240
Number of other retired or separated participants entitled to future benefits2020-01-01493
Total of all active and inactive participants2020-01-01837
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0130
Total participants2020-01-01867
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-3188,269,592
Acturial value of plan assets2019-12-3188,269,592
Funding target for retired participants and beneficiaries receiving payment2019-12-3135,523,802
Number of terminated vested participants2019-12-31481
Fundng target for terminated vested participants2019-12-3123,054,740
Active participant vested funding target2019-12-3113,705,714
Number of active participants2019-12-31175
Total funding liabilities for active participants2019-12-3113,720,033
Total participant count2019-12-31893
Total funding target for all participants2019-12-3172,298,575
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3128,790,806
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-311,007,411
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3127,783,395
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
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3126,146,953
Total employer contributions2019-12-310
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 date2019-12-310
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 cost2019-12-31600,000
Net shortfall amortization installment of oustanding balance2019-12-3110,175,936
Total funding amount beforereflecting carryover/prefunding balances2019-12-312,479,370
Prefunding balance elected to use to offset funding requirement2019-12-312,479,370
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-01892
Total number of active participants reported on line 7a of the Form 55002019-01-01117
Number of retired or separated participants receiving benefits2019-01-01223
Number of other retired or separated participants entitled to future benefits2019-01-01513
Total of all active and inactive participants2019-01-01853
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0131
Total participants2019-01-01884
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on BENEFICIAL BANK CONSOLIDATED PENSION PLAN

Measure Date Value
2022 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-5,072,347
Total unrealized appreciation/depreciation of assets2022-12-31$-5,072,347
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$117,352
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$142,843
Total income from all sources (including contributions)2022-12-31$-22,877,512
Total loss/gain on sale of assets2022-12-31$-599,122
Total of all expenses incurred2022-12-31$6,063,138
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$5,510,279
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$79,286,569
Value of total assets at beginning of year2022-12-31$108,252,710
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$552,859
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,497,536
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$2,497,536
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$161,659
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$168,526
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$117,352
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$142,843
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-28,940,650
Value of net assets at end of year (total assets less liabilities)2022-12-31$79,169,217
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$108,109,867
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$424,299
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$61,743,456
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$95,806,793
Value of interest in pooled separate accounts at end of year2022-12-31$122,519
Value of interest in pooled separate accounts at beginning of year2022-12-31$742,937
Asset value of US Government securities at end of year2022-12-31$17,258,935
Asset value of US Government securities at beginning of year2022-12-31$11,523,954
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-19,635,420
Net investment gain/loss from pooled separate accounts2022-12-31$-68,159
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$10,500
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$5,510,279
Contract administrator fees2022-12-31$128,560
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$23,011,904
Aggregate carrying amount (costs) on sale of assets2022-12-31$23,611,026
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2022-12-31210658561
2021 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$518,820
Total unrealized appreciation/depreciation of assets2021-12-31$518,820
Total transfer of assets to this plan2021-12-31$753,437
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$142,843
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$140,952
Total income from all sources (including contributions)2021-12-31$2,622,762
Total loss/gain on sale of assets2021-12-31$-761,586
Total of all expenses incurred2021-12-31$5,474,223
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$4,832,510
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$0
Value of total assets at end of year2021-12-31$108,252,710
Value of total assets at beginning of year2021-12-31$110,348,843
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$641,713
Total interest from all sources2021-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,636,332
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$2,636,332
Administrative expenses professional fees incurred2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$168,526
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$173,908
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$142,843
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$140,952
Administrative expenses (other) incurred2021-12-31$74,562
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-2,851,461
Value of net assets at end of year (total assets less liabilities)2021-12-31$108,109,867
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$110,207,891
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$453,151
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$95,806,793
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$100,830,356
Value of interest in pooled separate accounts at end of year2021-12-31$742,937
Value of interest in pooled separate accounts at beginning of year2021-12-31$0
Asset value of US Government securities at end of year2021-12-31$11,523,954
Asset value of US Government securities at beginning of year2021-12-31$9,344,579
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$229,196
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Employer contributions (assets) at end of year2021-12-31$10,500
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$4,832,510
Contract administrator fees2021-12-31$114,000
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$10,026,781
Aggregate carrying amount (costs) on sale of assets2021-12-31$10,788,367
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2021-12-31210658561
2020 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$-458,808
Total unrealized appreciation/depreciation of assets2020-12-31$-458,808
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$140,952
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$145,594
Total income from all sources (including contributions)2020-12-31$15,929,165
Total loss/gain on sale of assets2020-12-31$2,950,935
Total of all expenses incurred2020-12-31$5,180,871
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$4,637,876
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$0
Value of total assets at end of year2020-12-31$110,348,843
Value of total assets at beginning of year2020-12-31$99,605,191
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$542,995
Total interest from all sources2020-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$2,563,877
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$2,563,877
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$173,908
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$167,845
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$140,952
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$145,594
Administrative expenses (other) incurred2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$10,748,294
Value of net assets at end of year (total assets less liabilities)2020-12-31$110,207,891
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$99,459,597
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$439,430
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$100,830,356
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$84,271,182
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Asset value of US Government securities at end of year2020-12-31$9,344,579
Asset value of US Government securities at beginning of year2020-12-31$15,166,164
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$10,873,161
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$4,637,876
Contract administrator fees2020-12-31$103,565
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$19,403,725
Aggregate carrying amount (costs) on sale of assets2020-12-31$16,452,790
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2020-12-31210658561
2019 : BENEFICIAL BANK CONSOLIDATED PENSION PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$1,937,083
Total unrealized appreciation/depreciation of assets2019-12-31$1,937,083
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$145,594
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$136,777
Expenses. Interest paid2019-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022019-12-31$0
Total income from all sources (including contributions)2019-12-31$16,578,784
Total loss/gain on sale of assets2019-12-31$41,375
Total of all expenses incurred2019-12-31$5,252,002
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$4,646,895
Expenses. Certain deemed distributions of participant loans2019-12-31$0
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$0
Value of total assets at end of year2019-12-31$99,605,191
Value of total assets at beginning of year2019-12-31$88,269,592
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$605,107
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$2,619,573
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$2,619,573
Administrative expenses professional fees incurred2019-12-31$11,759
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$167,845
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$176,526
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$145,594
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$136,777
Other income not declared elsewhere2019-12-31$0
Administrative expenses (other) incurred2019-12-31$71,440
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$11,326,782
Value of net assets at end of year (total assets less liabilities)2019-12-31$99,459,597
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$88,132,815
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$407,908
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$84,271,182
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$75,810,831
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Asset value of US Government securities at end of year2019-12-31$15,166,164
Asset value of US Government securities at beginning of year2019-12-31$12,282,235
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$11,980,753
Net investment gain/loss from pooled separate accounts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$0
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$4,646,895
Contract administrator fees2019-12-31$114,000
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$18,106,490
Aggregate carrying amount (costs) on sale of assets2019-12-31$18,065,115
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31BOWMAN & COMPANY LLP
Accountancy firm EIN2019-12-31210658561

Form 5500 Responses for BENEFICIAL BANK CONSOLIDATED PENSION PLAN

2022: BENEFICIAL BANK CONSOLIDATED 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BENEFICIAL BANK CONSOLIDATED 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BENEFICIAL BANK CONSOLIDATED 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: BENEFICIAL BANK CONSOLIDATED 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

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number727697
Policy instance 1
Insurance contract or identification number727697
Number of Individuals Covered0
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number810512
Policy instance 1
Insurance contract or identification number810512
Number of Individuals Covered0
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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