TOWER FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan TOWER FEDERAL CREDIT UNION RETIREMENT PLAN
Measure | Date | Value |
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2022: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2022 401k membership |
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Market value of plan assets | 2022-06-30 | 94,289,836 |
Acturial value of plan assets | 2022-06-30 | 86,875,844 |
Funding target for retired participants and beneficiaries receiving payment | 2022-06-30 | 18,129,970 |
Number of terminated vested participants | 2022-06-30 | 201 |
Fundng target for terminated vested participants | 2022-06-30 | 11,312,226 |
Active participant vested funding target | 2022-06-30 | 34,136,155 |
Number of active participants | 2022-06-30 | 492 |
Total funding liabilities for active participants | 2022-06-30 | 38,176,799 |
Total participant count | 2022-06-30 | 843 |
Total funding target for all participants | 2022-06-30 | 67,618,995 |
Balance at beginning of prior year after applicable adjustments | 2022-06-30 | 6,304,984 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-06-30 | 0 |
Amount remaining of carryover balance | 2022-06-30 | 6,304,984 |
Amount remaining of prefunding balance | 2022-06-30 | 0 |
Present value of excess contributions | 2022-06-30 | 3,231,275 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-06-30 | 3,411,580 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-06-30 | 0 |
Balance of carryovers at beginning of current year | 2022-06-30 | 7,702,168 |
Balance of prefunding at beginning of current year | 2022-06-30 | 0 |
Total employer contributions | 2022-06-30 | 3,000,000 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-06-30 | 2,759,310 |
Unpaid minimum required contributions for all prior years | 2022-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2022-06-30 | 4,154,127 |
Net shortfall amortization installment of oustanding balance | 2022-06-30 | 0 |
Waiver amortization installment | 2022-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-06-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-06-30 | 0 |
Additional cash requirement | 2022-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-06-30 | 2,759,310 |
Unpaid minimum required contributions for current year | 2022-06-30 | 0 |
Unpaid minimum required contributions for all years | 2022-06-30 | 0 |
2021: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2021 401k membership |
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Total participants, beginning-of-year | 2021-07-01 | 849 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-07-01 | 441 |
Number of retired or separated participants receiving benefits | 2021-07-01 | 156 |
Number of other retired or separated participants entitled to future benefits | 2021-07-01 | 225 |
Total of all active and inactive participants | 2021-07-01 | 822 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-07-01 | 11 |
Total participants | 2021-07-01 | 833 |
Number of participants with account balances | 2021-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-07-01 | 28 |
Market value of plan assets | 2021-06-30 | 77,214,780 |
Acturial value of plan assets | 2021-06-30 | 78,156,885 |
Funding target for retired participants and beneficiaries receiving payment | 2021-06-30 | 17,359,375 |
Number of terminated vested participants | 2021-06-30 | 189 |
Fundng target for terminated vested participants | 2021-06-30 | 9,951,274 |
Active participant vested funding target | 2021-06-30 | 33,113,234 |
Number of active participants | 2021-06-30 | 502 |
Total funding liabilities for active participants | 2021-06-30 | 36,651,939 |
Total participant count | 2021-06-30 | 830 |
Total funding target for all participants | 2021-06-30 | 63,962,588 |
Balance at beginning of prior year after applicable adjustments | 2021-06-30 | 6,064,817 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-06-30 | 0 |
Amount remaining of carryover balance | 2021-06-30 | 6,064,817 |
Amount remaining of prefunding balance | 2021-06-30 | 0 |
Present value of excess contributions | 2021-06-30 | 7,209,947 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-06-30 | 7,623,077 |
Total available prior years excess cotributions added 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 | 6,304,984 |
Balance of prefunding at beginning of current year | 2021-06-30 | 0 |
Total employer contributions | 2021-06-30 | 3,500,000 |
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 | 3,231,275 |
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 | 3,565,949 |
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 |
Carryover balance elected to use to offset funding requirement | 2021-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-06-30 | 0 |
Additional cash requirement | 2021-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-06-30 | 3,231,275 |
Unpaid minimum required contributions for current year | 2021-06-30 | 0 |
Unpaid minimum required contributions for all years | 2021-06-30 | 0 |
2020: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2020 401k membership |
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Total participants, beginning-of-year | 2020-07-01 | 827 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-07-01 | 470 |
Number of retired or separated participants receiving benefits | 2020-07-01 | 144 |
Number of other retired or separated participants entitled to future benefits | 2020-07-01 | 197 |
Total of all active and inactive participants | 2020-07-01 | 811 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-07-01 | 9 |
Total participants | 2020-07-01 | 820 |
Number of participants with account balances | 2020-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-07-01 | 23 |
Market value of plan assets | 2020-06-30 | 70,367,674 |
Acturial value of plan assets | 2020-06-30 | 70,057,487 |
Funding target for retired participants and beneficiaries receiving payment | 2020-06-30 | 15,800,307 |
Number of terminated vested participants | 2020-06-30 | 192 |
Fundng target for terminated vested participants | 2020-06-30 | 10,454,517 |
Active participant vested funding target | 2020-06-30 | 29,155,654 |
Number of active participants | 2020-06-30 | 466 |
Total funding liabilities for active participants | 2020-06-30 | 32,528,154 |
Total participant count | 2020-06-30 | 786 |
Total funding target for all participants | 2020-06-30 | 58,782,978 |
Balance at beginning of prior year after applicable adjustments | 2020-06-30 | 5,701,624 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-06-30 | 0 |
Amount remaining of carryover balance | 2020-06-30 | 5,701,624 |
Amount remaining of prefunding balance | 2020-06-30 | 0 |
Present value of excess contributions | 2020-06-30 | 2,661,056 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-06-30 | 2,818,058 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-06-30 | 0 |
Balance of carryovers at beginning of current year | 2020-06-30 | 6,064,817 |
Balance of prefunding at beginning of current year | 2020-06-30 | 0 |
Total employer contributions | 2020-06-30 | 7,837,838 |
Total employee contributions | 2020-06-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-06-30 | 7,209,947 |
Unpaid minimum required contributions for all prior years | 2020-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2020-06-30 | 3,207,690 |
Net shortfall amortization installment of oustanding balance | 2020-06-30 | 0 |
Waiver amortization installment | 2020-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-06-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-06-30 | 0 |
Additional cash requirement | 2020-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-06-30 | 7,209,947 |
Unpaid minimum required contributions for current year | 2020-06-30 | 0 |
Unpaid minimum required contributions for all years | 2020-06-30 | 0 |
2019: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2019 401k membership |
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Total participants, beginning-of-year | 2019-07-01 | 790 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-07-01 | 469 |
Number of retired or separated participants receiving benefits | 2019-07-01 | 133 |
Number of other retired or separated participants entitled to future benefits | 2019-07-01 | 187 |
Total of all active and inactive participants | 2019-07-01 | 789 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-07-01 | 8 |
Total participants | 2019-07-01 | 797 |
Number of participants with account balances | 2019-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-07-01 | 19 |
Market value of plan assets | 2019-06-30 | 65,857,011 |
Acturial value of plan assets | 2019-06-30 | 64,503,183 |
Funding target for retired participants and beneficiaries receiving payment | 2019-06-30 | 12,652,672 |
Number of terminated vested participants | 2019-06-30 | 183 |
Fundng target for terminated vested participants | 2019-06-30 | 10,128,093 |
Active participant vested funding target | 2019-06-30 | 26,538,097 |
Number of active participants | 2019-06-30 | 469 |
Total funding liabilities for active participants | 2019-06-30 | 28,913,019 |
Total participant count | 2019-06-30 | 768 |
Total funding target for all participants | 2019-06-30 | 51,693,784 |
Balance at beginning of prior year after applicable adjustments | 2019-06-30 | 5,300,878 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-06-30 | 0 |
Amount remaining of carryover balance | 2019-06-30 | 5,300,878 |
Amount remaining of prefunding balance | 2019-06-30 | 0 |
Present value of excess contributions | 2019-06-30 | 2,287,669 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-06-30 | 2,426,988 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-06-30 | 0 |
Balance of carryovers at beginning of current year | 2019-06-30 | 5,701,624 |
Balance of prefunding at beginning of current year | 2019-06-30 | 0 |
Total employer contributions | 2019-06-30 | 2,900,000 |
Total employee contributions | 2019-06-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-06-30 | 2,661,056 |
Unpaid minimum required contributions for all prior years | 2019-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2019-06-30 | 2,740,482 |
Net shortfall amortization installment of oustanding balance | 2019-06-30 | 0 |
Waiver amortization installment | 2019-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-06-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2019-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-06-30 | 0 |
Additional cash requirement | 2019-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-06-30 | 2,661,056 |
Unpaid minimum required contributions for current year | 2019-06-30 | 0 |
Unpaid minimum required contributions for all years | 2019-06-30 | 0 |
2018: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2018 401k membership |
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Total participants, beginning-of-year | 2018-07-01 | 764 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-07-01 | 442 |
Number of retired or separated participants receiving benefits | 2018-07-01 | 123 |
Number of other retired or separated participants entitled to future benefits | 2018-07-01 | 190 |
Total of all active and inactive participants | 2018-07-01 | 755 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-07-01 | 7 |
Total participants | 2018-07-01 | 762 |
Number of participants with account balances | 2018-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-07-01 | 26 |
Market value of plan assets | 2018-06-30 | 61,571,336 |
Acturial value of plan assets | 2018-06-30 | 61,103,854 |
Funding target for retired participants and beneficiaries receiving payment | 2018-06-30 | 11,406,212 |
Number of terminated vested participants | 2018-06-30 | 176 |
Fundng target for terminated vested participants | 2018-06-30 | 7,068,942 |
Active participant vested funding target | 2018-06-30 | 26,566,474 |
Number of active participants | 2018-06-30 | 433 |
Total funding liabilities for active participants | 2018-06-30 | 28,283,280 |
Total participant count | 2018-06-30 | 715 |
Total funding target for all participants | 2018-06-30 | 46,758,434 |
Balance at beginning of prior year after applicable adjustments | 2018-06-30 | 4,756,710 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-06-30 | 0 |
Amount remaining of carryover balance | 2018-06-30 | 4,756,710 |
Amount remaining of prefunding balance | 2018-06-30 | 0 |
Present value of excess contributions | 2018-06-30 | 2,284,960 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-06-30 | 2,428,455 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-06-30 | 0 |
Balance of carryovers at beginning of current year | 2018-06-30 | 5,300,878 |
Balance of prefunding at beginning of current year | 2018-06-30 | 0 |
Total employer contributions | 2018-06-30 | 2,500,000 |
Total employee contributions | 2018-06-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-06-30 | 2,287,669 |
Unpaid minimum required contributions for all prior years | 2018-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2018-06-30 | 2,317,874 |
Net shortfall amortization installment of oustanding balance | 2018-06-30 | 0 |
Waiver amortization installment | 2018-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-06-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2018-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-06-30 | 0 |
Additional cash requirement | 2018-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-06-30 | 2,287,669 |
Unpaid minimum required contributions for current year | 2018-06-30 | 0 |
Unpaid minimum required contributions for all years | 2018-06-30 | 0 |
2017: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2017 401k membership |
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Total participants, beginning-of-year | 2017-07-01 | 718 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-07-01 | 431 |
Number of retired or separated participants receiving benefits | 2017-07-01 | 113 |
Number of other retired or separated participants entitled to future benefits | 2017-07-01 | 178 |
Total of all active and inactive participants | 2017-07-01 | 722 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-07-01 | 6 |
Total participants | 2017-07-01 | 728 |
Number of participants with account balances | 2017-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-07-01 | 15 |
Market value of plan assets | 2017-06-30 | 55,288,497 |
Acturial value of plan assets | 2017-06-30 | 58,404,850 |
Funding target for retired participants and beneficiaries receiving payment | 2017-06-30 | 9,023,004 |
Number of terminated vested participants | 2017-06-30 | 177 |
Fundng target for terminated vested participants | 2017-06-30 | 6,998,891 |
Active participant vested funding target | 2017-06-30 | 25,764,428 |
Number of active participants | 2017-06-30 | 411 |
Total funding liabilities for active participants | 2017-06-30 | 27,134,052 |
Total participant count | 2017-06-30 | 677 |
Total funding target for all participants | 2017-06-30 | 43,155,947 |
Balance at beginning of prior year after applicable adjustments | 2017-06-30 | 4,765,288 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-06-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-06-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-06-30 | 0 |
Amount remaining of carryover balance | 2017-06-30 | 4,765,288 |
Amount remaining of prefunding balance | 2017-06-30 | 0 |
Present value of excess contributions | 2017-06-30 | 5,610,642 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-06-30 | 5,973,089 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-06-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2017-06-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-06-30 | 0 |
Balance of carryovers at beginning of current year | 2017-06-30 | 4,756,710 |
Balance of prefunding at beginning of current year | 2017-06-30 | 0 |
Total employer contributions | 2017-06-30 | 2,500,000 |
Total employee contributions | 2017-06-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-06-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-06-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-06-30 | 2,284,960 |
Unpaid minimum required contributions for all prior years | 2017-06-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-06-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-06-30 | 0 |
Minimum required contributions for current year target normal cost | 2017-06-30 | 2,074,730 |
Net shortfall amortization installment of oustanding balance | 2017-06-30 | 0 |
Waiver amortization installment | 2017-06-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-06-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2017-06-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-06-30 | 0 |
Additional cash requirement | 2017-06-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2017-06-30 | 2,284,960 |
Unpaid minimum required contributions for current year | 2017-06-30 | 0 |
Unpaid minimum required contributions for all years | 2017-06-30 | 0 |
2016: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2016 401k membership |
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Total participants, beginning-of-year | 2016-07-01 | 679 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-07-01 | 398 |
Number of retired or separated participants receiving benefits | 2016-07-01 | 104 |
Number of other retired or separated participants entitled to future benefits | 2016-07-01 | 176 |
Total of all active and inactive participants | 2016-07-01 | 678 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-07-01 | 5 |
Total participants | 2016-07-01 | 683 |
Number of participants with account balances | 2016-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-07-01 | 13 |
2015: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2015 401k membership |
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Total participants, beginning-of-year | 2015-07-01 | 652 |
Total number of active participants reported on line 7a of the Form 5500 | 2015-07-01 | 386 |
Number of retired or separated participants receiving benefits | 2015-07-01 | 85 |
Number of other retired or separated participants entitled to future benefits | 2015-07-01 | 182 |
Total of all active and inactive participants | 2015-07-01 | 653 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2015-07-01 | 7 |
Total participants | 2015-07-01 | 660 |
Number of participants with account balances | 2015-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2015-07-01 | 11 |
2014: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2014 401k membership |
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Total participants, beginning-of-year | 2014-07-01 | 618 |
Total number of active participants reported on line 7a of the Form 5500 | 2014-07-01 | 408 |
Number of retired or separated participants receiving benefits | 2014-07-01 | 76 |
Number of other retired or separated participants entitled to future benefits | 2014-07-01 | 155 |
Total of all active and inactive participants | 2014-07-01 | 639 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2014-07-01 | 6 |
Total participants | 2014-07-01 | 645 |
Number of participants with account balances | 2014-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2014-07-01 | 10 |
2013: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2013 401k membership |
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Total participants, beginning-of-year | 2013-07-01 | 625 |
Total number of active participants reported on line 7a of the Form 5500 | 2013-07-01 | 396 |
Number of retired or separated participants receiving benefits | 2013-07-01 | 67 |
Number of other retired or separated participants entitled to future benefits | 2013-07-01 | 139 |
Total of all active and inactive participants | 2013-07-01 | 602 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2013-07-01 | 6 |
Total participants | 2013-07-01 | 608 |
Number of participants with account balances | 2013-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2013-07-01 | 12 |
2012: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2012 401k membership |
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Total participants, beginning-of-year | 2012-07-01 | 596 |
Total number of active participants reported on line 7a of the Form 5500 | 2012-07-01 | 399 |
Number of retired or separated participants receiving benefits | 2012-07-01 | 58 |
Number of other retired or separated participants entitled to future benefits | 2012-07-01 | 142 |
Total of all active and inactive participants | 2012-07-01 | 599 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-07-01 | 5 |
Total participants | 2012-07-01 | 604 |
Number of participants with account balances | 2012-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2012-07-01 | 11 |
2011: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2011 401k membership |
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Total participants, beginning-of-year | 2011-07-01 | 587 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-07-01 | 419 |
Number of retired or separated participants receiving benefits | 2011-07-01 | 53 |
Number of other retired or separated participants entitled to future benefits | 2011-07-01 | 116 |
Total of all active and inactive participants | 2011-07-01 | 588 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-07-01 | 5 |
Total participants | 2011-07-01 | 593 |
Number of participants with account balances | 2011-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2011-07-01 | 1 |
2010: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2010 401k membership |
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Total participants, beginning-of-year | 2010-07-01 | 553 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-07-01 | 401 |
Number of retired or separated participants receiving benefits | 2010-07-01 | 36 |
Number of other retired or separated participants entitled to future benefits | 2010-07-01 | 123 |
Total of all active and inactive participants | 2010-07-01 | 560 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-07-01 | 5 |
Total participants | 2010-07-01 | 565 |
Number of participants with account balances | 2010-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-07-01 | 13 |
2009: TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2009 401k membership |
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Total participants, beginning-of-year | 2009-07-01 | 538 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-07-01 | 398 |
Number of retired or separated participants receiving benefits | 2009-07-01 | 39 |
Number of other retired or separated participants entitled to future benefits | 2009-07-01 | 121 |
Total of all active and inactive participants | 2009-07-01 | 558 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-07-01 | 4 |
Total participants | 2009-07-01 | 562 |
Number of participants with account balances | 2009-07-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-07-01 | 9 |
Measure | Date | Value |
---|
2022 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2022 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2022-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-06-30 | $0 |
Total income from all sources (including contributions) | 2022-06-30 | $-10,918,855 |
Total loss/gain on sale of assets | 2022-06-30 | $0 |
Total of all expenses incurred | 2022-06-30 | $3,000,045 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-06-30 | $2,996,584 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-06-30 | $3,000,000 |
Value of total assets at end of year | 2022-06-30 | $80,459,356 |
Value of total assets at beginning of year | 2022-06-30 | $94,378,256 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-06-30 | $3,461 |
Total interest from all sources | 2022-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-06-30 | No |
Was this plan covered by a fidelity bond | 2022-06-30 | Yes |
Value of fidelity bond cover | 2022-06-30 | $10,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-06-30 | No |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
Value of net income/loss | 2022-06-30 | $-13,918,900 |
Value of net assets at end of year (total assets less liabilities) | 2022-06-30 | $80,459,356 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-06-30 | $94,378,256 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-06-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-06-30 | No |
Value of interest in pooled separate accounts at end of year | 2022-06-30 | $77,459,356 |
Value of interest in pooled separate accounts at beginning of year | 2022-06-30 | $90,878,256 |
Net investment gain/loss from pooled separate accounts | 2022-06-30 | $-13,918,855 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-06-30 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-06-30 | No |
Contributions received in cash from employer | 2022-06-30 | $3,000,000 |
Employer contributions (assets) at end of year | 2022-06-30 | $3,000,000 |
Employer contributions (assets) at beginning of year | 2022-06-30 | $3,500,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-06-30 | $2,996,584 |
Contract administrator fees | 2022-06-30 | $3,461 |
Did the plan have assets held for investment | 2022-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-06-30 | No |
Opinion of an independent qualified public accountant for this plan | 2022-06-30 | Unqualified |
Accountancy firm name | 2022-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
Accountancy firm EIN | 2022-06-30 | 591906466 |
2021 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2021 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2021-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-06-30 | $0 |
Total income from all sources (including contributions) | 2021-06-30 | $19,507,895 |
Total loss/gain on sale of assets | 2021-06-30 | $0 |
Total of all expenses incurred | 2021-06-30 | $2,559,180 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-06-30 | $2,558,830 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-06-30 | $3,500,000 |
Value of total assets at end of year | 2021-06-30 | $94,378,256 |
Value of total assets at beginning of year | 2021-06-30 | $77,429,541 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-06-30 | $350 |
Total interest from all sources | 2021-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-06-30 | No |
Was this plan covered by a fidelity bond | 2021-06-30 | Yes |
Value of fidelity bond cover | 2021-06-30 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-06-30 | No |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
Value of net income/loss | 2021-06-30 | $16,948,715 |
Value of net assets at end of year (total assets less liabilities) | 2021-06-30 | $94,378,256 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-06-30 | $77,429,541 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-06-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-06-30 | No |
Value of interest in pooled separate accounts at end of year | 2021-06-30 | $90,878,256 |
Value of interest in pooled separate accounts at beginning of year | 2021-06-30 | $69,591,703 |
Net investment gain/loss from pooled separate accounts | 2021-06-30 | $16,007,895 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2021-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-06-30 | No |
Contributions received in cash from employer | 2021-06-30 | $3,500,000 |
Employer contributions (assets) at end of year | 2021-06-30 | $3,500,000 |
Employer contributions (assets) at beginning of year | 2021-06-30 | $7,837,838 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-06-30 | $2,558,830 |
Contract administrator fees | 2021-06-30 | $350 |
Did the plan have assets held for investment | 2021-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-06-30 | No |
Opinion of an independent qualified public accountant for this plan | 2021-06-30 | Disclaimer |
Accountancy firm name | 2021-06-30 | NEARMAN, MAYNARD & VALLEZ, CPAS |
Accountancy firm EIN | 2021-06-30 | 591906466 |
2020 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2020 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2020-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2020-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2020-06-30 | $0 |
Total transfer of assets to this plan | 2020-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-06-30 | $0 |
Total income from all sources (including contributions) | 2020-06-30 | $10,511,187 |
Total loss/gain on sale of assets | 2020-06-30 | $0 |
Total of all expenses incurred | 2020-06-30 | $3,531,261 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-06-30 | $3,530,661 |
Value of total corrective distributions | 2020-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-06-30 | $7,837,838 |
Value of total assets at end of year | 2020-06-30 | $77,429,541 |
Value of total assets at beginning of year | 2020-06-30 | $70,449,615 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-06-30 | $600 |
Total income from rents | 2020-06-30 | $0 |
Total interest from all sources | 2020-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-06-30 | $0 |
Administrative expenses professional fees incurred | 2020-06-30 | $0 |
Was this plan covered by a fidelity bond | 2020-06-30 | Yes |
Value of fidelity bond cover | 2020-06-30 | $10,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2020-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2020-06-30 | $0 |
Contributions received from participants | 2020-06-30 | $0 |
Participant contributions at end of year | 2020-06-30 | $0 |
Participant contributions at beginning of year | 2020-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2020-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-06-30 | $0 |
Other income not declared elsewhere | 2020-06-30 | $0 |
Administrative expenses (other) incurred | 2020-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2020-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-06-30 | No |
Value of net income/loss | 2020-06-30 | $6,979,926 |
Value of net assets at end of year (total assets less liabilities) | 2020-06-30 | $77,429,541 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-06-30 | $70,449,615 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2020-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2020-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2020-06-30 | $0 |
Investment advisory and management fees | 2020-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2020-06-30 | $69,591,703 |
Value of interest in pooled separate accounts at beginning of year | 2020-06-30 | $67,549,615 |
Income. Interest from loans (other than to participants) | 2020-06-30 | $0 |
Interest earned on other investments | 2020-06-30 | $0 |
Income. Interest from US Government securities | 2020-06-30 | $0 |
Income. Interest from corporate debt instruments | 2020-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2020-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2020-06-30 | $2,673,349 |
Net investment gain or loss from common/collective trusts | 2020-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2020-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2020-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-06-30 | No |
Contributions received in cash from employer | 2020-06-30 | $7,837,838 |
Employer contributions (assets) at end of year | 2020-06-30 | $7,837,838 |
Employer contributions (assets) at beginning of year | 2020-06-30 | $2,900,000 |
Income. Dividends from preferred stock | 2020-06-30 | $0 |
Income. Dividends from common stock | 2020-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-06-30 | $3,530,661 |
Contract administrator fees | 2020-06-30 | $600 |
Liabilities. Value of benefit claims payable at beginning of year | 2020-06-30 | $0 |
Did the plan have assets held for investment | 2020-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-06-30 | No |
Aggregate proceeds on sale of assets | 2020-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2020-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2020-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2020-06-30 | Disclaimer |
Accountancy firm name | 2020-06-30 | NEARMAN, MAYNARD & VALLEZ CPAS |
Accountancy firm EIN | 2020-06-30 | 591906466 |
2019 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2019 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2019-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2019-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2019-06-30 | $0 |
Total transfer of assets to this plan | 2019-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-06-30 | $0 |
Total income from all sources (including contributions) | 2019-06-30 | $6,949,923 |
Total loss/gain on sale of assets | 2019-06-30 | $0 |
Total of all expenses incurred | 2019-06-30 | $2,430,331 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-06-30 | $2,429,961 |
Value of total corrective distributions | 2019-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-06-30 | $2,900,000 |
Value of total assets at end of year | 2019-06-30 | $70,449,615 |
Value of total assets at beginning of year | 2019-06-30 | $65,930,023 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-06-30 | $370 |
Total income from rents | 2019-06-30 | $0 |
Total interest from all sources | 2019-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2019-06-30 | $0 |
Administrative expenses professional fees incurred | 2019-06-30 | $0 |
Was this plan covered by a fidelity bond | 2019-06-30 | Yes |
Value of fidelity bond cover | 2019-06-30 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2019-06-30 | $0 |
Contributions received from participants | 2019-06-30 | $0 |
Participant contributions at end of year | 2019-06-30 | $0 |
Participant contributions at beginning of year | 2019-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2019-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2019-06-30 | $0 |
Other income not declared elsewhere | 2019-06-30 | $0 |
Administrative expenses (other) incurred | 2019-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2019-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-06-30 | No |
Value of net income/loss | 2019-06-30 | $4,519,592 |
Value of net assets at end of year (total assets less liabilities) | 2019-06-30 | $70,449,615 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-06-30 | $65,930,023 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2019-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2019-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2019-06-30 | $0 |
Investment advisory and management fees | 2019-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2019-06-30 | $67,549,615 |
Value of interest in pooled separate accounts at beginning of year | 2019-06-30 | $63,430,023 |
Income. Interest from loans (other than to participants) | 2019-06-30 | $0 |
Interest earned on other investments | 2019-06-30 | $0 |
Income. Interest from US Government securities | 2019-06-30 | $0 |
Income. Interest from corporate debt instruments | 2019-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2019-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2019-06-30 | $4,049,923 |
Net investment gain or loss from common/collective trusts | 2019-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2019-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2019-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-06-30 | No |
Contributions received in cash from employer | 2019-06-30 | $2,900,000 |
Employer contributions (assets) at end of year | 2019-06-30 | $2,900,000 |
Employer contributions (assets) at beginning of year | 2019-06-30 | $2,500,000 |
Income. Dividends from preferred stock | 2019-06-30 | $0 |
Income. Dividends from common stock | 2019-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-06-30 | $2,429,961 |
Contract administrator fees | 2019-06-30 | $370 |
Liabilities. Value of benefit claims payable at beginning of year | 2019-06-30 | $0 |
Did the plan have assets held for investment | 2019-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-06-30 | No |
Aggregate proceeds on sale of assets | 2019-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2019-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2019-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-06-30 | Disclaimer |
Accountancy firm name | 2019-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
Accountancy firm EIN | 2019-06-30 | 591906466 |
2018 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2018 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2018-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2018-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2018-06-30 | $0 |
Total transfer of assets to this plan | 2018-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-06-30 | $0 |
Total income from all sources (including contributions) | 2018-06-30 | $6,989,129 |
Total loss/gain on sale of assets | 2018-06-30 | $0 |
Total of all expenses incurred | 2018-06-30 | $2,701,986 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-06-30 | $2,701,230 |
Value of total corrective distributions | 2018-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-06-30 | $2,500,000 |
Value of total assets at end of year | 2018-06-30 | $65,930,023 |
Value of total assets at beginning of year | 2018-06-30 | $61,642,880 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-06-30 | $756 |
Total income from rents | 2018-06-30 | $0 |
Total interest from all sources | 2018-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2018-06-30 | $0 |
Administrative expenses professional fees incurred | 2018-06-30 | $0 |
Was this plan covered by a fidelity bond | 2018-06-30 | Yes |
Value of fidelity bond cover | 2018-06-30 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2018-06-30 | $0 |
Contributions received from participants | 2018-06-30 | $0 |
Participant contributions at end of year | 2018-06-30 | $0 |
Participant contributions at beginning of year | 2018-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2018-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2018-06-30 | $0 |
Other income not declared elsewhere | 2018-06-30 | $0 |
Administrative expenses (other) incurred | 2018-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2018-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-06-30 | No |
Value of net income/loss | 2018-06-30 | $4,287,143 |
Value of net assets at end of year (total assets less liabilities) | 2018-06-30 | $65,930,023 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-06-30 | $61,642,880 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2018-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2018-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2018-06-30 | $0 |
Investment advisory and management fees | 2018-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2018-06-30 | $63,430,023 |
Value of interest in pooled separate accounts at beginning of year | 2018-06-30 | $59,142,880 |
Income. Interest from loans (other than to participants) | 2018-06-30 | $0 |
Interest earned on other investments | 2018-06-30 | $0 |
Income. Interest from US Government securities | 2018-06-30 | $0 |
Income. Interest from corporate debt instruments | 2018-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2018-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2018-06-30 | $4,489,129 |
Net investment gain or loss from common/collective trusts | 2018-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2018-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2018-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-06-30 | No |
Contributions received in cash from employer | 2018-06-30 | $2,500,000 |
Employer contributions (assets) at end of year | 2018-06-30 | $2,500,000 |
Employer contributions (assets) at beginning of year | 2018-06-30 | $2,500,000 |
Income. Dividends from preferred stock | 2018-06-30 | $0 |
Income. Dividends from common stock | 2018-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-06-30 | $2,701,230 |
Contract administrator fees | 2018-06-30 | $756 |
Liabilities. Value of benefit claims payable at beginning of year | 2018-06-30 | $0 |
Did the plan have assets held for investment | 2018-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-06-30 | No |
Aggregate proceeds on sale of assets | 2018-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2018-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2018-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-06-30 | Disclaimer |
Accountancy firm name | 2018-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
Accountancy firm EIN | 2018-06-30 | 591906466 |
2017 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2017 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2017-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2017-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2017-06-30 | $0 |
Total transfer of assets to this plan | 2017-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-06-30 | $0 |
Total income from all sources (including contributions) | 2017-06-30 | $8,486,055 |
Total loss/gain on sale of assets | 2017-06-30 | $0 |
Total of all expenses incurred | 2017-06-30 | $2,238,069 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-06-30 | $2,235,919 |
Value of total corrective distributions | 2017-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-06-30 | $2,500,000 |
Value of total assets at end of year | 2017-06-30 | $61,642,880 |
Value of total assets at beginning of year | 2017-06-30 | $55,394,894 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-06-30 | $2,150 |
Total income from rents | 2017-06-30 | $0 |
Total interest from all sources | 2017-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-06-30 | $0 |
Administrative expenses professional fees incurred | 2017-06-30 | $0 |
Was this plan covered by a fidelity bond | 2017-06-30 | Yes |
Value of fidelity bond cover | 2017-06-30 | $10,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2017-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2017-06-30 | $0 |
Contributions received from participants | 2017-06-30 | $0 |
Participant contributions at end of year | 2017-06-30 | $0 |
Participant contributions at beginning of year | 2017-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2017-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2017-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2017-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-06-30 | $0 |
Other income not declared elsewhere | 2017-06-30 | $0 |
Administrative expenses (other) incurred | 2017-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2017-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-06-30 | No |
Value of net income/loss | 2017-06-30 | $6,247,986 |
Value of net assets at end of year (total assets less liabilities) | 2017-06-30 | $61,642,880 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-06-30 | $55,394,894 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2017-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2017-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2017-06-30 | $0 |
Investment advisory and management fees | 2017-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2017-06-30 | $59,142,880 |
Value of interest in pooled separate accounts at beginning of year | 2017-06-30 | $51,894,894 |
Income. Interest from loans (other than to participants) | 2017-06-30 | $0 |
Interest earned on other investments | 2017-06-30 | $0 |
Income. Interest from US Government securities | 2017-06-30 | $0 |
Income. Interest from corporate debt instruments | 2017-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2017-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2017-06-30 | $5,986,055 |
Net investment gain or loss from common/collective trusts | 2017-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2017-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2017-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-06-30 | No |
Contributions received in cash from employer | 2017-06-30 | $2,500,000 |
Employer contributions (assets) at end of year | 2017-06-30 | $2,500,000 |
Employer contributions (assets) at beginning of year | 2017-06-30 | $3,500,000 |
Income. Dividends from preferred stock | 2017-06-30 | $0 |
Income. Dividends from common stock | 2017-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-06-30 | $2,235,919 |
Contract administrator fees | 2017-06-30 | $2,150 |
Liabilities. Value of benefit claims payable at beginning of year | 2017-06-30 | $0 |
Did the plan have assets held for investment | 2017-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-06-30 | No |
Aggregate proceeds on sale of assets | 2017-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2017-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2017-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-06-30 | Disclaimer |
Accountancy firm name | 2017-06-30 | NEARMAN, MAYNARD & VALLEZ, CPAS |
Accountancy firm EIN | 2017-06-30 | 591906466 |
2016 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2016 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2016-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2016-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2016-06-30 | $0 |
Total transfer of assets to this plan | 2016-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-06-30 | $0 |
Total income from all sources (including contributions) | 2016-06-30 | $5,907,670 |
Total loss/gain on sale of assets | 2016-06-30 | $0 |
Total of all expenses incurred | 2016-06-30 | $1,984,011 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-06-30 | $1,983,651 |
Value of total corrective distributions | 2016-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-06-30 | $6,000,000 |
Value of total assets at end of year | 2016-06-30 | $55,394,894 |
Value of total assets at beginning of year | 2016-06-30 | $51,471,235 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-06-30 | $360 |
Total income from rents | 2016-06-30 | $0 |
Total interest from all sources | 2016-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-06-30 | $0 |
Administrative expenses professional fees incurred | 2016-06-30 | $0 |
Was this plan covered by a fidelity bond | 2016-06-30 | Yes |
Value of fidelity bond cover | 2016-06-30 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2016-06-30 | $0 |
Contributions received from participants | 2016-06-30 | $0 |
Participant contributions at end of year | 2016-06-30 | $0 |
Participant contributions at beginning of year | 2016-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2016-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2016-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2016-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2016-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2016-06-30 | $0 |
Other income not declared elsewhere | 2016-06-30 | $0 |
Administrative expenses (other) incurred | 2016-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2016-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-06-30 | No |
Value of net income/loss | 2016-06-30 | $3,923,659 |
Value of net assets at end of year (total assets less liabilities) | 2016-06-30 | $55,394,894 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-06-30 | $51,471,235 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2016-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2016-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2016-06-30 | $0 |
Investment advisory and management fees | 2016-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2016-06-30 | $51,894,894 |
Value of interest in pooled separate accounts at beginning of year | 2016-06-30 | $51,471,235 |
Income. Interest from loans (other than to participants) | 2016-06-30 | $0 |
Interest earned on other investments | 2016-06-30 | $0 |
Income. Interest from US Government securities | 2016-06-30 | $0 |
Income. Interest from corporate debt instruments | 2016-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2016-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2016-06-30 | $-92,330 |
Net investment gain or loss from common/collective trusts | 2016-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2016-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2016-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-06-30 | No |
Contributions received in cash from employer | 2016-06-30 | $6,000,000 |
Employer contributions (assets) at end of year | 2016-06-30 | $3,500,000 |
Employer contributions (assets) at beginning of year | 2016-06-30 | $0 |
Income. Dividends from preferred stock | 2016-06-30 | $0 |
Income. Dividends from common stock | 2016-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-06-30 | $1,983,651 |
Contract administrator fees | 2016-06-30 | $360 |
Liabilities. Value of benefit claims payable at beginning of year | 2016-06-30 | $0 |
Did the plan have assets held for investment | 2016-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-06-30 | No |
Aggregate proceeds on sale of assets | 2016-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2016-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2016-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-06-30 | Disclaimer |
Accountancy firm name | 2016-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
Accountancy firm EIN | 2016-06-30 | 591906466 |
2015 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2015 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2015-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2015-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2015-06-30 | $0 |
Total transfer of assets to this plan | 2015-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-06-30 | $0 |
Total income from all sources (including contributions) | 2015-06-30 | $3,804,593 |
Total loss/gain on sale of assets | 2015-06-30 | $0 |
Total of all expenses incurred | 2015-06-30 | $845,685 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-06-30 | $830,277 |
Value of total corrective distributions | 2015-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-06-30 | $2,500,000 |
Value of total assets at end of year | 2015-06-30 | $51,471,235 |
Value of total assets at beginning of year | 2015-06-30 | $48,512,327 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-06-30 | $15,408 |
Total income from rents | 2015-06-30 | $0 |
Total interest from all sources | 2015-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2015-06-30 | $0 |
Administrative expenses professional fees incurred | 2015-06-30 | $0 |
Was this plan covered by a fidelity bond | 2015-06-30 | Yes |
Value of fidelity bond cover | 2015-06-30 | $10,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2015-06-30 | $0 |
Contributions received from participants | 2015-06-30 | $0 |
Participant contributions at end of year | 2015-06-30 | $0 |
Participant contributions at beginning of year | 2015-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2015-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2015-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2015-06-30 | $0 |
Other income not declared elsewhere | 2015-06-30 | $0 |
Administrative expenses (other) incurred | 2015-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2015-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-06-30 | No |
Value of net income/loss | 2015-06-30 | $2,958,908 |
Value of net assets at end of year (total assets less liabilities) | 2015-06-30 | $51,471,235 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-06-30 | $48,512,327 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2015-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2015-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2015-06-30 | $0 |
Investment advisory and management fees | 2015-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2015-06-30 | $51,471,235 |
Value of interest in pooled separate accounts at beginning of year | 2015-06-30 | $48,512,327 |
Income. Interest from loans (other than to participants) | 2015-06-30 | $0 |
Interest earned on other investments | 2015-06-30 | $0 |
Income. Interest from US Government securities | 2015-06-30 | $0 |
Income. Interest from corporate debt instruments | 2015-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2015-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2015-06-30 | $1,304,593 |
Net investment gain or loss from common/collective trusts | 2015-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2015-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2015-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-06-30 | No |
Contributions received in cash from employer | 2015-06-30 | $2,500,000 |
Employer contributions (assets) at end of year | 2015-06-30 | $0 |
Employer contributions (assets) at beginning of year | 2015-06-30 | $0 |
Income. Dividends from preferred stock | 2015-06-30 | $0 |
Income. Dividends from common stock | 2015-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-06-30 | $830,277 |
Contract administrator fees | 2015-06-30 | $15,408 |
Liabilities. Value of benefit claims payable at beginning of year | 2015-06-30 | $0 |
Did the plan have assets held for investment | 2015-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-06-30 | No |
Aggregate proceeds on sale of assets | 2015-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2015-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2015-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-06-30 | Disclaimer |
Accountancy firm name | 2015-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS, P.A |
Accountancy firm EIN | 2015-06-30 | 591906466 |
2014 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2014 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2014-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2014-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2014-06-30 | $0 |
Total transfer of assets to this plan | 2014-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-06-30 | $0 |
Total income from all sources (including contributions) | 2014-06-30 | $9,064,019 |
Total loss/gain on sale of assets | 2014-06-30 | $0 |
Total of all expenses incurred | 2014-06-30 | $686,195 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-06-30 | $663,233 |
Value of total corrective distributions | 2014-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-06-30 | $2,500,000 |
Value of total assets at end of year | 2014-06-30 | $48,512,327 |
Value of total assets at beginning of year | 2014-06-30 | $40,134,503 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-06-30 | $22,962 |
Total income from rents | 2014-06-30 | $0 |
Total interest from all sources | 2014-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2014-06-30 | $0 |
Administrative expenses professional fees incurred | 2014-06-30 | $0 |
Was this plan covered by a fidelity bond | 2014-06-30 | Yes |
Value of fidelity bond cover | 2014-06-30 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2014-06-30 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2014-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2014-06-30 | $0 |
Contributions received from participants | 2014-06-30 | $0 |
Participant contributions at end of year | 2014-06-30 | $0 |
Participant contributions at beginning of year | 2014-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2014-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2014-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2014-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2014-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2014-06-30 | $0 |
Other income not declared elsewhere | 2014-06-30 | $0 |
Administrative expenses (other) incurred | 2014-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2014-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-06-30 | No |
Value of net income/loss | 2014-06-30 | $8,377,824 |
Value of net assets at end of year (total assets less liabilities) | 2014-06-30 | $48,512,327 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-06-30 | $40,134,503 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2014-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2014-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2014-06-30 | $0 |
Investment advisory and management fees | 2014-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2014-06-30 | $48,512,327 |
Value of interest in pooled separate accounts at beginning of year | 2014-06-30 | $40,134,503 |
Income. Interest from loans (other than to participants) | 2014-06-30 | $0 |
Interest earned on other investments | 2014-06-30 | $0 |
Income. Interest from US Government securities | 2014-06-30 | $0 |
Income. Interest from corporate debt instruments | 2014-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2014-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2014-06-30 | $6,564,019 |
Net investment gain or loss from common/collective trusts | 2014-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2014-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2014-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-06-30 | No |
Contributions received in cash from employer | 2014-06-30 | $2,500,000 |
Employer contributions (assets) at end of year | 2014-06-30 | $0 |
Employer contributions (assets) at beginning of year | 2014-06-30 | $0 |
Income. Dividends from preferred stock | 2014-06-30 | $0 |
Income. Dividends from common stock | 2014-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-06-30 | $663,233 |
Contract administrator fees | 2014-06-30 | $22,962 |
Liabilities. Value of benefit claims payable at beginning of year | 2014-06-30 | $0 |
Did the plan have assets held for investment | 2014-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-06-30 | No |
Aggregate proceeds on sale of assets | 2014-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2014-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2014-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2014-06-30 | Disclaimer |
Accountancy firm name | 2014-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
Accountancy firm EIN | 2014-06-30 | 591906466 |
2013 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2013 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2013-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2013-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2013-06-30 | $0 |
Total transfer of assets to this plan | 2013-06-30 | $0 |
Total transfer of assets from this plan | 2013-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-06-30 | $0 |
Total income from all sources (including contributions) | 2013-06-30 | $6,847,163 |
Total loss/gain on sale of assets | 2013-06-30 | $0 |
Total of all expenses incurred | 2013-06-30 | $523,808 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-06-30 | $500,193 |
Value of total corrective distributions | 2013-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-06-30 | $3,000,000 |
Value of total assets at end of year | 2013-06-30 | $40,134,503 |
Value of total assets at beginning of year | 2013-06-30 | $33,811,148 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-06-30 | $23,615 |
Total income from rents | 2013-06-30 | $0 |
Total interest from all sources | 2013-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2013-06-30 | $0 |
Administrative expenses professional fees incurred | 2013-06-30 | $0 |
Was this plan covered by a fidelity bond | 2013-06-30 | Yes |
Value of fidelity bond cover | 2013-06-30 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2013-06-30 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2013-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2013-06-30 | $0 |
Contributions received from participants | 2013-06-30 | $0 |
Participant contributions at end of year | 2013-06-30 | $0 |
Participant contributions at beginning of year | 2013-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2013-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2013-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2013-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2013-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2013-06-30 | $0 |
Other income not declared elsewhere | 2013-06-30 | $0 |
Administrative expenses (other) incurred | 2013-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2013-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-06-30 | No |
Value of net income/loss | 2013-06-30 | $6,323,355 |
Value of net assets at end of year (total assets less liabilities) | 2013-06-30 | $40,134,503 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-06-30 | $33,811,148 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2013-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2013-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2013-06-30 | $0 |
Investment advisory and management fees | 2013-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2013-06-30 | $40,134,503 |
Value of interest in pooled separate accounts at beginning of year | 2013-06-30 | $33,811,148 |
Income. Interest from loans (other than to participants) | 2013-06-30 | $0 |
Interest earned on other investments | 2013-06-30 | $0 |
Income. Interest from US Government securities | 2013-06-30 | $0 |
Income. Interest from corporate debt instruments | 2013-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2013-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2013-06-30 | $3,847,163 |
Net investment gain or loss from common/collective trusts | 2013-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2013-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-06-30 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-06-30 | No |
Contributions received in cash from employer | 2013-06-30 | $3,000,000 |
Employer contributions (assets) at end of year | 2013-06-30 | $0 |
Employer contributions (assets) at beginning of year | 2013-06-30 | $0 |
Income. Dividends from preferred stock | 2013-06-30 | $0 |
Income. Dividends from common stock | 2013-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-06-30 | $500,193 |
Contract administrator fees | 2013-06-30 | $23,615 |
Liabilities. Value of benefit claims payable at beginning of year | 2013-06-30 | $0 |
Did the plan have assets held for investment | 2013-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-06-30 | No |
Aggregate proceeds on sale of assets | 2013-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2013-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2013-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2013-06-30 | Disclaimer |
Accountancy firm name | 2013-06-30 | NEARMAN MAYNARD, VALLEZ, CPAS |
Accountancy firm EIN | 2013-06-30 | 591906466 |
2012 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2012 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2012-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2012-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2012-06-30 | $0 |
Total transfer of assets to this plan | 2012-06-30 | $0 |
Total transfer of assets from this plan | 2012-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-06-30 | $0 |
Total income from all sources (including contributions) | 2012-06-30 | $2,417,177 |
Total loss/gain on sale of assets | 2012-06-30 | $0 |
Total of all expenses incurred | 2012-06-30 | $576,331 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-06-30 | $556,473 |
Value of total corrective distributions | 2012-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-06-30 | $2,000,000 |
Value of total assets at end of year | 2012-06-30 | $33,811,148 |
Value of total assets at beginning of year | 2012-06-30 | $31,970,302 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-06-30 | $19,858 |
Total income from rents | 2012-06-30 | $0 |
Total interest from all sources | 2012-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2012-06-30 | $0 |
Administrative expenses professional fees incurred | 2012-06-30 | $0 |
Was this plan covered by a fidelity bond | 2012-06-30 | Yes |
Value of fidelity bond cover | 2012-06-30 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2012-06-30 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2012-06-30 | $0 |
Contributions received from participants | 2012-06-30 | $0 |
Participant contributions at end of year | 2012-06-30 | $0 |
Participant contributions at beginning of year | 2012-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2012-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2012-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2012-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2012-06-30 | $0 |
Other income not declared elsewhere | 2012-06-30 | $5,506 |
Administrative expenses (other) incurred | 2012-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2012-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-06-30 | No |
Value of net income/loss | 2012-06-30 | $1,840,846 |
Value of net assets at end of year (total assets less liabilities) | 2012-06-30 | $33,811,148 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-06-30 | $31,970,302 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2012-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2012-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2012-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2012-06-30 | $0 |
Investment advisory and management fees | 2012-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2012-06-30 | $33,811,148 |
Value of interest in pooled separate accounts at beginning of year | 2012-06-30 | $31,970,302 |
Income. Interest from loans (other than to participants) | 2012-06-30 | $0 |
Interest earned on other investments | 2012-06-30 | $0 |
Income. Interest from US Government securities | 2012-06-30 | $0 |
Income. Interest from corporate debt instruments | 2012-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2012-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2012-06-30 | $411,671 |
Net investment gain or loss from common/collective trusts | 2012-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2012-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2012-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2012-06-30 | No |
Contributions received in cash from employer | 2012-06-30 | $2,000,000 |
Employer contributions (assets) at end of year | 2012-06-30 | $0 |
Employer contributions (assets) at beginning of year | 2012-06-30 | $0 |
Income. Dividends from preferred stock | 2012-06-30 | $0 |
Income. Dividends from common stock | 2012-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-06-30 | $556,473 |
Contract administrator fees | 2012-06-30 | $19,858 |
Liabilities. Value of benefit claims payable at beginning of year | 2012-06-30 | $0 |
Did the plan have assets held for investment | 2012-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-06-30 | No |
Aggregate proceeds on sale of assets | 2012-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2012-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2012-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2012-06-30 | Disclaimer |
Accountancy firm name | 2012-06-30 | NEARMAN, MAYNARD, VALLEZ, CPAS |
Accountancy firm EIN | 2012-06-30 | 591906466 |
2011 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2011 401k financial data |
---|
Unrealized appreciation/depreciation of real estate assets | 2011-06-30 | $0 |
Unrealized appreciation/depreciation of other (non real estate) assets | 2011-06-30 | $0 |
Total unrealized appreciation/depreciation of assets | 2011-06-30 | $0 |
Total transfer of assets to this plan | 2011-06-30 | $0 |
Total transfer of assets from this plan | 2011-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-06-30 | $0 |
Total income from all sources (including contributions) | 2011-06-30 | $7,718,686 |
Total loss/gain on sale of assets | 2011-06-30 | $0 |
Total of all expenses incurred | 2011-06-30 | $386,342 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-06-30 | $366,605 |
Value of total corrective distributions | 2011-06-30 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-06-30 | $2,000,000 |
Value of total assets at end of year | 2011-06-30 | $31,970,302 |
Value of total assets at beginning of year | 2011-06-30 | $24,637,958 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-06-30 | $19,737 |
Total income from rents | 2011-06-30 | $0 |
Total interest from all sources | 2011-06-30 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-06-30 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-06-30 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-06-30 | $0 |
Administrative expenses professional fees incurred | 2011-06-30 | $0 |
Was this plan covered by a fidelity bond | 2011-06-30 | Yes |
Value of fidelity bond cover | 2011-06-30 | $10,000,000 |
If this is an individual account plan, was there a blackout period | 2011-06-30 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-06-30 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-06-30 | No |
Amount of non-exempt transactions with any party-in-interest | 2011-06-30 | $0 |
Contributions received from participants | 2011-06-30 | $0 |
Participant contributions at end of year | 2011-06-30 | $0 |
Participant contributions at beginning of year | 2011-06-30 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2011-06-30 | $0 |
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2011-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2011-06-30 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2011-06-30 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2011-06-30 | $0 |
Other income not declared elsewhere | 2011-06-30 | $0 |
Administrative expenses (other) incurred | 2011-06-30 | $0 |
Liabilities. Value of operating payables at beginning of year | 2011-06-30 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-06-30 | No |
Value of net income/loss | 2011-06-30 | $7,332,344 |
Value of net assets at end of year (total assets less liabilities) | 2011-06-30 | $31,970,302 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-06-30 | $24,637,958 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2011-06-30 | No |
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year | 2011-06-30 | $0 |
Were any leases to which the plan was party in default or uncollectible | 2011-06-30 | No |
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year | 2011-06-30 | $0 |
Investment advisory and management fees | 2011-06-30 | $0 |
Value of interest in pooled separate accounts at end of year | 2011-06-30 | $31,970,302 |
Value of interest in pooled separate accounts at beginning of year | 2011-06-30 | $24,637,958 |
Income. Interest from loans (other than to participants) | 2011-06-30 | $0 |
Interest earned on other investments | 2011-06-30 | $0 |
Income. Interest from US Government securities | 2011-06-30 | $0 |
Income. Interest from corporate debt instruments | 2011-06-30 | $0 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-06-30 | $0 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2011-06-30 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-06-30 | $0 |
Net investment gain/loss from pooled separate accounts | 2011-06-30 | $5,718,686 |
Net investment gain or loss from common/collective trusts | 2011-06-30 | $0 |
Net gain/loss from 103.12 investment entities | 2011-06-30 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-06-30 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2011-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2011-06-30 | No |
Contributions received in cash from employer | 2011-06-30 | $2,000,000 |
Employer contributions (assets) at end of year | 2011-06-30 | $0 |
Employer contributions (assets) at beginning of year | 2011-06-30 | $0 |
Income. Dividends from preferred stock | 2011-06-30 | $0 |
Income. Dividends from common stock | 2011-06-30 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-06-30 | $366,605 |
Contract administrator fees | 2011-06-30 | $19,737 |
Liabilities. Value of benefit claims payable at beginning of year | 2011-06-30 | $0 |
Did the plan have assets held for investment | 2011-06-30 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-06-30 | No |
Aggregate proceeds on sale of assets | 2011-06-30 | $0 |
Aggregate carrying amount (costs) on sale of assets | 2011-06-30 | $0 |
Liabilities. Value of acquisition indebtedness at beginning of year | 2011-06-30 | $0 |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2011-06-30 | Disclaimer |
Accountancy firm name | 2011-06-30 | CLIFTONLARSONALLEN |
Accountancy firm EIN | 2011-06-30 | 410746749 |
2010 : TOWER FEDERAL CREDIT UNION RETIREMENT PLAN 2010 401k financial data |
---|
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-06-30 | $0 |