401k Plan data: FIRST PENN BANK PENSION PLAN AND TRUST plan

FIRST PENN BANK PENSION PLAN AND TRUST 401k Plan overview

Plan Name	FIRST PENN BANK PENSION PLAN AND TRUST
Plan identification number	005

FIRST PENN BANK PENSION PLAN AND TRUST Benefits

401k Plan Type

Defined 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).
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

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 FIRST PENN BANK PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2021-10-01 CARA COLEMAN 2022-10-13
005 2020-10-01 CARA COLEMAN 2022-06-15
005 2019-10-01 CARA COLEMAN 2021-07-14
005 2018-10-01 CINDY CROMPTON-BARONE 2020-07-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
005	2021-10-01	CARA COLEMAN	2022-10-13
005	2020-10-01	CARA COLEMAN	2022-06-15
005	2019-10-01	CARA COLEMAN	2021-07-14
005	2018-10-01	CINDY CROMPTON-BARONE	2020-07-15

Plan Statistics for FIRST PENN BANK PENSION PLAN AND TRUST

401k plan membership statisitcs for FIRST PENN BANK PENSION PLAN AND TRUST

Measure Date Value
2021: FIRST PENN BANK PENSION PLAN AND TRUST 2021 401k membership
Market value of plan assets 2021-12-31 788,533
Acturial value of plan assets 2021-12-31 788,533
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 773,550
Number of terminated vested participants 2021-12-31 9
Fundng target for terminated vested participants 2021-12-31 40,803
Active participant vested funding target 2021-12-31 0
Number of active participants 2021-12-31 0
Total funding liabilities for active participants 2021-12-31 0
Total participant count 2021-12-31 12
Total funding target for all participants 2021-12-31 814,353
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 984
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 1,038
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 10,500
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 9,964
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 8,750
Net shortfall amortization installment of oustanding balance 2021-12-31 25,820
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 9,737
Additional cash requirement 2021-12-31 9,737
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 9,964
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Market value of plan assets 2021-09-30 745,261
Acturial value of plan assets 2021-09-30 745,261
Funding target for retired participants and beneficiaries receiving payment 2021-09-30 801,128
Number of terminated vested participants 2021-09-30 11
Fundng target for terminated vested participants 2021-09-30 96,606
Active participant vested funding target 2021-09-30 0
Number of active participants 2021-09-30 0
Total funding liabilities for active participants 2021-09-30 0
Total participant count 2021-09-30 14
Total funding target for all participants 2021-09-30 897,734
Balance at beginning of prior year after applicable adjustments 2021-09-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-09-30 0
Prefunding balanced used to offset prior years funding requirement 2021-09-30 0
Amount remaining of carryover balance 2021-09-30 0
Amount remaining of prefunding balance 2021-09-30 0
Present value of excess contributions 2021-09-30 49
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-09-30 52
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-09-30 0
Reductions in caryover balances due to elections or deemed elections 2021-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2021-09-30 0
Balance of carryovers at beginning of current year 2021-09-30 0
Balance of prefunding at beginning of current year 2021-09-30 0
Total employer contributions 2021-09-30 52,600
Total employee contributions 2021-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2021-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-09-30 51,108
Unpaid minimum required contributions for all prior years 2021-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-09-30 0
Remaining amount of unpaid minimum required contributions 2021-09-30 0
Minimum required contributions for current year target normal cost 2021-09-30 35,000
Net shortfall amortization installment of oustanding balance 2021-09-30 152,473
Waiver amortization installment 2021-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2021-09-30 50,124
Additional cash requirement 2021-09-30 50,124
Contributions allocatedtoward minimum required contributions for current year 2021-09-30 51,108
Unpaid minimum required contributions for current year 2021-09-30 0
Unpaid minimum required contributions for all years 2021-09-30 0
2020: FIRST PENN BANK PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets 2020-09-30 792,320
Acturial value of plan assets 2020-09-30 792,320
Funding target for retired participants and beneficiaries receiving payment 2020-09-30 896,347
Number of terminated vested participants 2020-09-30 11
Fundng target for terminated vested participants 2020-09-30 93,109
Active participant vested funding target 2020-09-30 0
Number of active participants 2020-09-30 0
Total funding liabilities for active participants 2020-09-30 0
Total participant count 2020-09-30 15
Total funding target for all participants 2020-09-30 989,456
Balance at beginning of prior year after applicable adjustments 2020-09-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-09-30 43,247
Prefunding balanced used to offset prior years funding requirement 2020-09-30 43,247
Amount remaining of carryover balance 2020-09-30 0
Amount remaining of prefunding balance 2020-09-30 0
Present value of excess contributions 2020-09-30 398
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-09-30 408
Reductions in caryover balances due to elections or deemed elections 2020-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2020-09-30 0
Balance of carryovers at beginning of current year 2020-09-30 0
Balance of prefunding at beginning of current year 2020-09-30 0
Total employer contributions 2020-09-30 56,100
Total employee contributions 2020-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2020-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-09-30 53,276
Unpaid minimum required contributions for all prior years 2020-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-09-30 0
Remaining amount of unpaid minimum required contributions 2020-09-30 0
Minimum required contributions for current year target normal cost 2020-09-30 35,000
Net shortfall amortization installment of oustanding balance 2020-09-30 197,136
Waiver amortization installment 2020-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2020-09-30 53,227
Prefunding balance elected to use to offset funding requirement 2020-09-30 0
Additional cash requirement 2020-09-30 53,227
Contributions allocatedtoward minimum required contributions for current year 2020-09-30 53,276
Unpaid minimum required contributions for current year 2020-09-30 0
Unpaid minimum required contributions for all years 2020-09-30 0
2019: FIRST PENN BANK PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets 2019-09-30 884,409
Acturial value of plan assets 2019-09-30 884,409
Funding target for retired participants and beneficiaries receiving payment 2019-09-30 924,635
Number of terminated vested participants 2019-09-30 11
Fundng target for terminated vested participants 2019-09-30 85,706
Active participant vested funding target 2019-09-30 0
Number of active participants 2019-09-30 0
Total funding liabilities for active participants 2019-09-30 0
Total participant count 2019-09-30 15
Total funding target for all participants 2019-09-30 1,010,341
Balance at beginning of prior year after applicable adjustments 2019-09-30 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-09-30 40,657
Carryover balanced portion elected for use to offset prior years funding requirement 2019-09-30 0
Prefunding balanced used to offset prior years funding requirement 2019-09-30 0
Amount remaining of carryover balance 2019-09-30 0
Amount remaining of prefunding balance 2019-09-30 40,657
Present value of excess contributions 2019-09-30 98
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-09-30 103
Balance of carryovers at beginning of current year 2019-09-30 0
Balance of prefunding at beginning of current year 2019-09-30 43,247
Total employer contributions 2019-09-30 18,400
Total employee contributions 2019-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2019-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-09-30 17,144
Unpaid minimum required contributions for all prior years 2019-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-09-30 0
Remaining amount of unpaid minimum required contributions 2019-09-30 0
Minimum required contributions for current year target normal cost 2019-09-30 35,000
Net shortfall amortization installment of oustanding balance 2019-09-30 169,179
Waiver amortization installment 2019-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2019-09-30 59,993
Prefunding balance elected to use to offset funding requirement 2019-09-30 43,247
Additional cash requirement 2019-09-30 16,746
Contributions allocatedtoward minimum required contributions for current year 2019-09-30 17,144
Unpaid minimum required contributions for current year 2019-09-30 0
Unpaid minimum required contributions for all years 2019-09-30 0

Measure	Date	Value
2021: FIRST PENN BANK PENSION PLAN AND TRUST 2021 401k membership
Market value of plan assets	2021-12-31	788,533
Acturial value of plan assets	2021-12-31	788,533
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	773,550
Number of terminated vested participants	2021-12-31	9
Fundng target for terminated vested participants	2021-12-31	40,803
Active participant vested funding target	2021-12-31	0
Number of active participants	2021-12-31	0
Total funding liabilities for active participants	2021-12-31	0
Total participant count	2021-12-31	12
Total funding target for all participants	2021-12-31	814,353
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	984
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	1,038
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	10,500
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	9,964
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	8,750
Net shortfall amortization installment of oustanding balance	2021-12-31	25,820
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	9,737
Additional cash requirement	2021-12-31	9,737
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	9,964
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Market value of plan assets	2021-09-30	745,261
Acturial value of plan assets	2021-09-30	745,261
Funding target for retired participants and beneficiaries receiving payment	2021-09-30	801,128
Number of terminated vested participants	2021-09-30	11
Fundng target for terminated vested participants	2021-09-30	96,606
Active participant vested funding target	2021-09-30	0
Number of active participants	2021-09-30	0
Total funding liabilities for active participants	2021-09-30	0
Total participant count	2021-09-30	14
Total funding target for all participants	2021-09-30	897,734
Balance at beginning of prior year after applicable adjustments	2021-09-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-09-30	0
Prefunding balanced used to offset prior years funding requirement	2021-09-30	0
Amount remaining of carryover balance	2021-09-30	0
Amount remaining of prefunding balance	2021-09-30	0
Present value of excess contributions	2021-09-30	49
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-09-30	52
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-09-30	0
Reductions in caryover balances due to elections or deemed elections	2021-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2021-09-30	0
Balance of carryovers at beginning of current year	2021-09-30	0
Balance of prefunding at beginning of current year	2021-09-30	0
Total employer contributions	2021-09-30	52,600
Total employee contributions	2021-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2021-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-09-30	51,108
Unpaid minimum required contributions for all prior years	2021-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-09-30	0
Remaining amount of unpaid minimum required contributions	2021-09-30	0
Minimum required contributions for current year target normal cost	2021-09-30	35,000
Net shortfall amortization installment of oustanding balance	2021-09-30	152,473
Waiver amortization installment	2021-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2021-09-30	50,124
Additional cash requirement	2021-09-30	50,124
Contributions allocatedtoward minimum required contributions for current year	2021-09-30	51,108
Unpaid minimum required contributions for current year	2021-09-30	0
Unpaid minimum required contributions for all years	2021-09-30	0
2020: FIRST PENN BANK PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets	2020-09-30	792,320
Acturial value of plan assets	2020-09-30	792,320
Funding target for retired participants and beneficiaries receiving payment	2020-09-30	896,347
Number of terminated vested participants	2020-09-30	11
Fundng target for terminated vested participants	2020-09-30	93,109
Active participant vested funding target	2020-09-30	0
Number of active participants	2020-09-30	0
Total funding liabilities for active participants	2020-09-30	0
Total participant count	2020-09-30	15
Total funding target for all participants	2020-09-30	989,456
Balance at beginning of prior year after applicable adjustments	2020-09-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-09-30	43,247
Prefunding balanced used to offset prior years funding requirement	2020-09-30	43,247
Amount remaining of carryover balance	2020-09-30	0
Amount remaining of prefunding balance	2020-09-30	0
Present value of excess contributions	2020-09-30	398
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-09-30	408
Reductions in caryover balances due to elections or deemed elections	2020-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2020-09-30	0
Balance of carryovers at beginning of current year	2020-09-30	0
Balance of prefunding at beginning of current year	2020-09-30	0
Total employer contributions	2020-09-30	56,100
Total employee contributions	2020-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2020-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-09-30	53,276
Unpaid minimum required contributions for all prior years	2020-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-09-30	0
Remaining amount of unpaid minimum required contributions	2020-09-30	0
Minimum required contributions for current year target normal cost	2020-09-30	35,000
Net shortfall amortization installment of oustanding balance	2020-09-30	197,136
Waiver amortization installment	2020-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2020-09-30	53,227
Prefunding balance elected to use to offset funding requirement	2020-09-30	0
Additional cash requirement	2020-09-30	53,227
Contributions allocatedtoward minimum required contributions for current year	2020-09-30	53,276
Unpaid minimum required contributions for current year	2020-09-30	0
Unpaid minimum required contributions for all years	2020-09-30	0
2019: FIRST PENN BANK PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets	2019-09-30	884,409
Acturial value of plan assets	2019-09-30	884,409
Funding target for retired participants and beneficiaries receiving payment	2019-09-30	924,635
Number of terminated vested participants	2019-09-30	11
Fundng target for terminated vested participants	2019-09-30	85,706
Active participant vested funding target	2019-09-30	0
Number of active participants	2019-09-30	0
Total funding liabilities for active participants	2019-09-30	0
Total participant count	2019-09-30	15
Total funding target for all participants	2019-09-30	1,010,341
Balance at beginning of prior year after applicable adjustments	2019-09-30	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-09-30	40,657
Carryover balanced portion elected for use to offset prior years funding requirement	2019-09-30	0
Prefunding balanced used to offset prior years funding requirement	2019-09-30	0
Amount remaining of carryover balance	2019-09-30	0
Amount remaining of prefunding balance	2019-09-30	40,657
Present value of excess contributions	2019-09-30	98
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-09-30	103
Balance of carryovers at beginning of current year	2019-09-30	0
Balance of prefunding at beginning of current year	2019-09-30	43,247
Total employer contributions	2019-09-30	18,400
Total employee contributions	2019-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2019-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-09-30	17,144
Unpaid minimum required contributions for all prior years	2019-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-09-30	0
Remaining amount of unpaid minimum required contributions	2019-09-30	0
Minimum required contributions for current year target normal cost	2019-09-30	35,000
Net shortfall amortization installment of oustanding balance	2019-09-30	169,179
Waiver amortization installment	2019-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2019-09-30	59,993
Prefunding balance elected to use to offset funding requirement	2019-09-30	43,247
Additional cash requirement	2019-09-30	16,746
Contributions allocatedtoward minimum required contributions for current year	2019-09-30	17,144
Unpaid minimum required contributions for current year	2019-09-30	0
Unpaid minimum required contributions for all years	2019-09-30	0

Potentially related plans

FIRST PENN BANK PENSION PLAN AND TRUST [EIN = 230400690]

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See full terms and conditions

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

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