401k Plan data: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST plan

OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan Name	OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number	001

OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

OKLAHOMA'S CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: OKLAHOMA'S CREDIT UNION

Employer identification number (EIN): 736093655

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 DUSTY WEBB 2018-07-31 DUSTY WEBB 2018-07-31
001 2016-01-01 DUSTY WEBB 2017-07-25 DUSTY WEBB 2017-07-25
001 2014-01-01 DUSTY WEBB 2015-10-14
001 2013-01-01 DUSTY WEBB DUSTY WEBB 2014-10-08
001 2012-01-01 DUSTY WEBB DUSTY WEBB 2013-10-10
001 2011-01-01 MARK W KELLY 2012-09-22
001 2010-01-01 MARK KELLY 2011-08-18

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	DUSTY WEBB	2018-07-31	DUSTY WEBB	2018-07-31
001	2016-01-01	DUSTY WEBB	2017-07-25	DUSTY WEBB	2017-07-25
001	2014-01-01	DUSTY WEBB	2015-10-14
001	2013-01-01	DUSTY WEBB		DUSTY WEBB	2014-10-08
001	2012-01-01	DUSTY WEBB		DUSTY WEBB	2013-10-10
001	2011-01-01	MARK W KELLY	2012-09-22
001	2010-01-01	MARK KELLY	2011-08-18

Plan Statistics for OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2016: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets 2016-12-31 4,599,574
Acturial value of plan assets 2016-12-31 4,599,574
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 931,665
Number of terminated vested participants 2016-12-31 4
Fundng target for terminated vested participants 2016-12-31 21,933
Active participant vested funding target 2016-12-31 2,412,617
Number of active participants 2016-12-31 56
Total funding liabilities for active participants 2016-12-31 2,440,628
Total participant count 2016-12-31 67
Total funding target for all participants 2016-12-31 3,394,226
Balance at beginning of prior year after applicable adjustments 2016-12-31 58,251
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 1,366,194
Amount remaining of carryover balance 2016-12-31 58,251
Amount remaining of prefunding balance 2016-12-31 1,366,194
Present value of excess contributions 2016-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 0
Reductions in caryover balances due to elections or deemed elections 2016-12-31 56,900
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 129,150
Balance of carryovers at beginning of current year 2016-12-31 0
Balance of prefunding at beginning of current year 2016-12-31 1,205,348
Total employer contributions 2016-12-31 0
Total employee contributions 2016-12-31 0
Unpaid minimum required contributions for all prior years 2016-12-31 0
Remaining amount of unpaid minimum required contributions 2016-12-31 0
Minimum required contributions for current year target normal cost 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Additional cash requirement 2016-12-31 0
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0
2013: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year 2013-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 64
Number of retired or separated participants receiving benefits 2013-01-01 5
Number of other retired or separated participants entitled to future benefits 2013-01-01 15
Total of all active and inactive participants 2013-01-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 18
2012: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year 2012-01-01 108
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 100
Number of retired or separated participants receiving benefits 2012-01-01 39
Number of other retired or separated participants entitled to future benefits 2012-01-01 4
Total of all active and inactive participants 2012-01-01 143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 24

Measure	Date	Value
2016: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets	2016-12-31	4,599,574
Acturial value of plan assets	2016-12-31	4,599,574
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	931,665
Number of terminated vested participants	2016-12-31	4
Fundng target for terminated vested participants	2016-12-31	21,933
Active participant vested funding target	2016-12-31	2,412,617
Number of active participants	2016-12-31	56
Total funding liabilities for active participants	2016-12-31	2,440,628
Total participant count	2016-12-31	67
Total funding target for all participants	2016-12-31	3,394,226
Balance at beginning of prior year after applicable adjustments	2016-12-31	58,251
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	1,366,194
Amount remaining of carryover balance	2016-12-31	58,251
Amount remaining of prefunding balance	2016-12-31	1,366,194
Present value of excess contributions	2016-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	56,900
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	129,150
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	1,205,348
Total employer contributions	2016-12-31	0
Total employee contributions	2016-12-31	0
Unpaid minimum required contributions for all prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Additional cash requirement	2016-12-31	0
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0
2013: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year	2013-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	64
Number of retired or separated participants receiving benefits	2013-01-01	5
Number of other retired or separated participants entitled to future benefits	2013-01-01	15
Total of all active and inactive participants	2013-01-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	18
2012: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year	2012-01-01	108
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	100
Number of retired or separated participants receiving benefits	2012-01-01	39
Number of other retired or separated participants entitled to future benefits	2012-01-01	4
Total of all active and inactive participants	2012-01-01	143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	24

Financial Data on OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Measure	Date	Value
2013 : OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$679,732
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$331,600
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$331,600
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$385,000
Value of total assets at end of year	2013-12-31	$5,164,822
Value of total assets at beginning of year	2013-12-31	$4,816,690
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$0
Total interest from all sources	2013-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	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	2013-12-31	No
Value of net income/loss	2013-12-31	$348,132
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$5,164,822
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$4,816,690
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in pooled separate accounts at end of year	2013-12-31	$5,164,822
Value of interest in pooled separate accounts at beginning of year	2013-12-31	$4,816,690
Net investment gain/loss from pooled separate accounts	2013-12-31	$294,732
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$385,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$331,600
Did the plan have assets held for investment	2013-12-31	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	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	HOGANTAYLOR LLP
Accountancy firm EIN	2013-12-31	731413977
2012 : OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$1,042,683
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$215,943
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$215,943
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$500,000
Value of total assets at end of year	2012-12-31	$4,816,690
Value of total assets at beginning of year	2012-12-31	$3,989,950
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$0
Total interest from all sources	2012-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	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	2012-12-31	No
Value of net income/loss	2012-12-31	$826,740
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$4,816,690
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$3,989,950
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in pooled separate accounts at end of year	2012-12-31	$4,816,690
Value of interest in pooled separate accounts at beginning of year	2012-12-31	$3,989,950
Net investment gain/loss from pooled separate accounts	2012-12-31	$542,683
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$500,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$215,943
Did the plan have assets held for investment	2012-12-31	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	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	HOGANTAYLOR LLP
Accountancy firm EIN	2012-12-31	731413977

Form 5500 Responses for OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

2013: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Insurance	Yes
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement – Insurance	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: OKLAHOMA EMPLOYEES CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Insurance	Yes
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement – Insurance	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number	16307
Policy instance	1
MINNESOTA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66168 )
Policy contract number	16307
Policy instance	1

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Company Name:	OKLAHOMA'S CREDIT UNION
Employer identification number (EIN):	736093655
NAIC Classification:	522130
NAIC Description:	Credit Unions