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Plan Name | SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK |
Plan identification number | 001 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | FARMERS & MERCHANTS BANK |
Employer identification number (EIN): | 540208040 |
NAIC Classification: | 522110 |
NAIC Description: | Commercial Banking |
Additional information about FARMERS & MERCHANTS BANK
Jurisdiction of Incorporation: | Virginia Secretary of State |
Incorporation Date: | 1983-10-26 |
Company Identification Number: | 0248016 |
Legal Registered Office Address: |
PO BOX 1111 PO BOX 1111 TIMBERVILLE United States of America (USA) 22853 |
More information about FARMERS & MERCHANTS BANK
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2021-10-01 | MELODY EMSWILER | 2023-06-16 | ||
001 | 2020-10-01 | CARRIE COMER | 2022-04-25 | CARRIE COMER | 2022-04-25 |
001 | 2019-10-01 | CARRIE COMER | 2021-04-22 | CARRIE COMER | 2021-04-22 |
001 | 2018-10-01 | CARRIE COMER | 2020-06-22 | CARRIE COMER | 2020-06-22 |
001 | 2017-10-01 | NEIL HAYSLETT | 2019-07-08 | NEIL HAYSLETT | 2019-07-08 |
001 | 2016-10-01 | NEIL HAYSLETT | 2018-07-09 | NEIL HAYSLETT | 2018-07-09 |
001 | 2015-10-01 | NEIL HAYSLETT | 2017-07-11 | NEIL HAYSLETT | 2017-07-11 |
001 | 2014-10-01 | NEIL HAYSLETT | 2016-07-11 | NEIL HAYSLETT | 2016-07-11 |
001 | 2013-10-01 | NEIL HAYSLETT | 2015-04-23 | NEIL HAYSLETT | 2015-04-23 |
001 | 2012-10-01 | NEIL HAYSLETT | 2014-04-28 | NEIL HAYSLETT | 2014-04-28 |
001 | 2011-10-01 | NEIL HAYSLETT | 2013-04-29 | ||
001 | 2010-10-01 | NEIL HAYSLETT | 2012-04-30 |
Measure | Date | Value |
---|---|---|
2022: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2022 401k membership | ||
Market value of plan assets | 2022-09-30 | 10,758,661 |
Acturial value of plan assets | 2022-09-30 | 9,888,825 |
Funding target for retired participants and beneficiaries receiving payment | 2022-09-30 | 402,842 |
Number of terminated vested participants | 2022-09-30 | 7 |
Fundng target for terminated vested participants | 2022-09-30 | 736,768 |
Active participant vested funding target | 2022-09-30 | 6,434,845 |
Number of active participants | 2022-09-30 | 50 |
Total funding liabilities for active participants | 2022-09-30 | 6,434,845 |
Total participant count | 2022-09-30 | 63 |
Total funding target for all participants | 2022-09-30 | 7,574,455 |
Balance at beginning of prior year after applicable adjustments | 2022-09-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-09-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-09-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-09-30 | 0 |
Amount remaining of carryover balance | 2022-09-30 | 0 |
Amount remaining of prefunding balance | 2022-09-30 | 0 |
Present value of excess contributions | 2022-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-09-30 | 0 |
Balance of carryovers at beginning of current year | 2022-09-30 | 0 |
Balance of prefunding at beginning of current year | 2022-09-30 | 0 |
Total employer contributions | 2022-09-30 | 0 |
Total employee contributions | 2022-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2022-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2022-09-30 | 615,652 |
Net shortfall amortization installment of oustanding balance | 2022-09-30 | 0 |
Waiver amortization installment | 2022-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-09-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-09-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-09-30 | 0 |
Additional cash requirement | 2022-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-09-30 | 0 |
Unpaid minimum required contributions for current year | 2022-09-30 | 0 |
Unpaid minimum required contributions for all years | 2022-09-30 | 0 |
2021: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2021 401k membership | ||
Market value of plan assets | 2021-09-30 | 10,256,260 |
Acturial value of plan assets | 2021-09-30 | 10,265,785 |
Funding target for retired participants and beneficiaries receiving payment | 2021-09-30 | 448,976 |
Number of terminated vested participants | 2021-09-30 | 6 |
Fundng target for terminated vested participants | 2021-09-30 | 311,971 |
Active participant vested funding target | 2021-09-30 | 6,203,567 |
Number of active participants | 2021-09-30 | 58 |
Total funding liabilities for active participants | 2021-09-30 | 6,204,951 |
Total participant count | 2021-09-30 | 71 |
Total funding target for all participants | 2021-09-30 | 6,965,898 |
Balance at beginning of prior year after applicable adjustments | 2021-09-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-09-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-09-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-09-30 | 0 |
Amount remaining of carryover balance | 2021-09-30 | 0 |
Amount remaining of prefunding balance | 2021-09-30 | 0 |
Present value of excess contributions | 2021-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-09-30 | 0 |
Balance of carryovers at beginning of current year | 2021-09-30 | 0 |
Balance of prefunding at beginning of current year | 2021-09-30 | 0 |
Total employer contributions | 2021-09-30 | 0 |
Total employee contributions | 2021-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2021-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2021-09-30 | 607,158 |
Net shortfall amortization installment of oustanding balance | 2021-09-30 | 0 |
Waiver amortization installment | 2021-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-09-30 | 0 |
Additional cash requirement | 2021-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-09-30 | 0 |
Unpaid minimum required contributions for current year | 2021-09-30 | 0 |
Unpaid minimum required contributions for all years | 2021-09-30 | 0 |
2020: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2020 401k membership | ||
Market value of plan assets | 2020-09-30 | 11,151,007 |
Acturial value of plan assets | 2020-09-30 | 11,349,474 |
Funding target for retired participants and beneficiaries receiving payment | 2020-09-30 | 840,583 |
Number of terminated vested participants | 2020-09-30 | 2 |
Fundng target for terminated vested participants | 2020-09-30 | 89,260 |
Active participant vested funding target | 2020-09-30 | 6,226,977 |
Number of active participants | 2020-09-30 | 66 |
Total funding liabilities for active participants | 2020-09-30 | 6,234,216 |
Total participant count | 2020-09-30 | 76 |
Total funding target for all participants | 2020-09-30 | 7,164,059 |
Balance at beginning of prior year after applicable adjustments | 2020-09-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-09-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-09-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-09-30 | 0 |
Amount remaining of carryover balance | 2020-09-30 | 0 |
Amount remaining of prefunding balance | 2020-09-30 | 0 |
Present value of excess contributions | 2020-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-09-30 | 0 |
Balance of carryovers at beginning of current year | 2020-09-30 | 0 |
Balance of prefunding at beginning of current year | 2020-09-30 | 0 |
Total employer contributions | 2020-09-30 | 0 |
Total employee contributions | 2020-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2020-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2020-09-30 | 695,335 |
Net shortfall amortization installment of oustanding balance | 2020-09-30 | 0 |
Waiver amortization installment | 2020-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-09-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-09-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-09-30 | 0 |
Additional cash requirement | 2020-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-09-30 | 0 |
Unpaid minimum required contributions for current year | 2020-09-30 | 0 |
Unpaid minimum required contributions for all years | 2020-09-30 | 0 |
2019: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2019 401k membership | ||
Market value of plan assets | 2019-09-30 | 13,578,298 |
Acturial value of plan assets | 2019-09-30 | 13,254,339 |
Funding target for retired participants and beneficiaries receiving payment | 2019-09-30 | 1,395,027 |
Number of terminated vested participants | 2019-09-30 | 4 |
Fundng target for terminated vested participants | 2019-09-30 | 157,366 |
Active participant vested funding target | 2019-09-30 | 7,110,796 |
Number of active participants | 2019-09-30 | 73 |
Total funding liabilities for active participants | 2019-09-30 | 7,117,313 |
Total participant count | 2019-09-30 | 85 |
Total funding target for all participants | 2019-09-30 | 8,669,706 |
Balance at beginning of prior year after applicable adjustments | 2019-09-30 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-09-30 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-09-30 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-09-30 | 0 |
Amount remaining of carryover balance | 2019-09-30 | 0 |
Amount remaining of prefunding balance | 2019-09-30 | 0 |
Present value of excess contributions | 2019-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-09-30 | 0 |
Balance of carryovers at beginning of current year | 2019-09-30 | 0 |
Balance of prefunding at beginning of current year | 2019-09-30 | 0 |
Total employer contributions | 2019-09-30 | 0 |
Total employee contributions | 2019-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2019-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2019-09-30 | 670,921 |
Net shortfall amortization installment of oustanding balance | 2019-09-30 | 0 |
Waiver amortization installment | 2019-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-09-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2019-09-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-09-30 | 0 |
Additional cash requirement | 2019-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-09-30 | 0 |
Unpaid minimum required contributions for current year | 2019-09-30 | 0 |
Unpaid minimum required contributions for all years | 2019-09-30 | 0 |
2018: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2018 401k membership | ||
Market value of plan assets | 2018-09-30 | 13,181,558 |
Acturial value of plan assets | 2018-09-30 | 12,651,193 |
Funding target for retired participants and beneficiaries receiving payment | 2018-09-30 | 152,423 |
Number of terminated vested participants | 2018-09-30 | 2 |
Fundng target for terminated vested participants | 2018-09-30 | 218,532 |
Active participant vested funding target | 2018-09-30 | 6,790,009 |
Number of active participants | 2018-09-30 | 79 |
Total funding liabilities for active participants | 2018-09-30 | 6,795,769 |
Total participant count | 2018-09-30 | 86 |
Total funding target for all participants | 2018-09-30 | 7,166,724 |
Balance at beginning of prior year after applicable adjustments | 2018-09-30 | 1,245,612 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-09-30 | 6,149,511 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-09-30 | 590,309 |
Prefunding balanced used to offset prior years funding requirement | 2018-09-30 | 0 |
Amount remaining of carryover balance | 2018-09-30 | 655,303 |
Amount remaining of prefunding balance | 2018-09-30 | 6,149,511 |
Present value of excess contributions | 2018-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2018-09-30 | 737,544 |
Reductions in prefunding balances due to elections or deemed elections | 2018-09-30 | 6,921,275 |
Balance of carryovers at beginning of current year | 2018-09-30 | 0 |
Balance of prefunding at beginning of current year | 2018-09-30 | 0 |
Total employer contributions | 2018-09-30 | 0 |
Total employee contributions | 2018-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2018-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2018-09-30 | 596,862 |
Net shortfall amortization installment of oustanding balance | 2018-09-30 | 0 |
Waiver amortization installment | 2018-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-09-30 | 0 |
Carryover balance elected to use to offset funding requirement | 2018-09-30 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-09-30 | 0 |
Additional cash requirement | 2018-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-09-30 | 0 |
Unpaid minimum required contributions for current year | 2018-09-30 | 0 |
Unpaid minimum required contributions for all years | 2018-09-30 | 0 |
2017: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2017 401k membership | ||
Market value of plan assets | 2017-09-30 | 11,982,829 |
Acturial value of plan assets | 2017-09-30 | 12,133,615 |
Funding target for retired participants and beneficiaries receiving payment | 2017-09-30 | 149,825 |
Number of terminated vested participants | 2017-09-30 | 2 |
Fundng target for terminated vested participants | 2017-09-30 | 63,289 |
Active participant vested funding target | 2017-09-30 | 5,913,208 |
Number of active participants | 2017-09-30 | 83 |
Total funding liabilities for active participants | 2017-09-30 | 5,918,724 |
Total participant count | 2017-09-30 | 90 |
Total funding target for all participants | 2017-09-30 | 6,131,838 |
Balance at beginning of prior year after applicable adjustments | 2017-09-30 | 1,686,852 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-09-30 | 5,665,663 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-09-30 | 539,246 |
Prefunding balanced used to offset prior years funding requirement | 2017-09-30 | 0 |
Amount remaining of carryover balance | 2017-09-30 | 1,147,606 |
Amount remaining of prefunding balance | 2017-09-30 | 5,665,663 |
Present value of excess contributions | 2017-09-30 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-09-30 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-09-30 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2017-09-30 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2017-09-30 | 0 |
Balance of carryovers at beginning of current year | 2017-09-30 | 1,245,612 |
Balance of prefunding at beginning of current year | 2017-09-30 | 6,149,511 |
Total employer contributions | 2017-09-30 | 0 |
Total employee contributions | 2017-09-30 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-09-30 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-09-30 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-09-30 | 0 |
Unpaid minimum required contributions for all prior years | 2017-09-30 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-09-30 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-09-30 | 0 |
Minimum required contributions for current year target normal cost | 2017-09-30 | 590,309 |
Net shortfall amortization installment of oustanding balance | 2017-09-30 | 0 |
Waiver amortization installment | 2017-09-30 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-09-30 | 590,309 |
Carryover balance elected to use to offset funding requirement | 2017-09-30 | 590,309 |
Prefunding balance elected to use to offset funding requirement | 2017-09-30 | 0 |
Additional cash requirement | 2017-09-30 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2017-09-30 | 0 |
Unpaid minimum required contributions for current year | 2017-09-30 | 0 |
Unpaid minimum required contributions for all years | 2017-09-30 | 0 |