401k Plan data: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST plan

SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan Name	SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST
Plan identification number	004

SANDIA AREA FEDERAL CU 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).
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SANDIA AREA FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: SANDIA AREA FEDERAL CREDIT UNION

Employer identification number (EIN): 850128861

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2022-01-01
004 2021-01-01
004 2020-01-01
004 2019-01-01
004 2018-01-01 SCOTT CONNELY 2019-08-02
004 2017-01-01 SCOTT CONNELY 2018-02-28
004 2016-01-01 SCOTT CONNELY 2017-05-16
004 2015-01-01 SCOTT CONNELY 2016-05-25
004 2014-01-01 SCOTT CONNELY 2015-06-19
004 2013-01-01 SCOTT CONNELY 2014-07-11
004 2012-01-01 SCOTT CONNELY 2013-07-16
004 2011-01-01 SCOTT H CONNELY 2012-07-30 SCOTT H CONNELY 2012-07-30
004 2010-01-01 SCOTT CONNELY 2011-04-11

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
004	2022-01-01
004	2021-01-01
004	2020-01-01
004	2019-01-01
004	2018-01-01	SCOTT CONNELY	2019-08-02
004	2017-01-01	SCOTT CONNELY	2018-02-28
004	2016-01-01	SCOTT CONNELY	2017-05-16
004	2015-01-01	SCOTT CONNELY	2016-05-25
004	2014-01-01	SCOTT CONNELY	2015-06-19
004	2013-01-01	SCOTT CONNELY	2014-07-11
004	2012-01-01	SCOTT CONNELY	2013-07-16
004	2011-01-01	SCOTT H CONNELY	2012-07-30	SCOTT H CONNELY	2012-07-30
004	2010-01-01	SCOTT CONNELY	2011-04-11

Plan Statistics for SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2022: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets 2022-12-31 20,623,984
Acturial value of plan assets 2022-12-31 20,623,984
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 2,104,069
Number of terminated vested participants 2022-12-31 21
Fundng target for terminated vested participants 2022-12-31 674,759
Active participant vested funding target 2022-12-31 4,538,574
Number of active participants 2022-12-31 104
Total funding liabilities for active participants 2022-12-31 4,730,937
Total participant count 2022-12-31 128
Total funding target for all participants 2022-12-31 7,509,765
Balance at beginning of prior year after applicable adjustments 2022-12-31 2,836,854
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 2,836,854
Amount remaining of prefunding balance 2022-12-31 0
Present value of excess contributions 2022-12-31 949,836
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 1,002,362
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 3,160,539
Balance of prefunding at beginning of current year 2022-12-31 0
Total employer contributions 2022-12-31 1,000,000
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 950,086
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 638,360
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 950,086
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total participants, beginning-of-year 2022-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 96
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 23
Total of all active and inactive participants 2022-01-01 119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 20
2021: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets 2021-12-31 18,213,824
Acturial value of plan assets 2021-12-31 18,213,824
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 1,846,396
Number of terminated vested participants 2021-12-31 14
Fundng target for terminated vested participants 2021-12-31 687,645
Active participant vested funding target 2021-12-31 3,997,470
Number of active participants 2021-12-31 122
Total funding liabilities for active participants 2021-12-31 4,263,529
Total participant count 2021-12-31 138
Total funding target for all participants 2021-12-31 6,797,570
Balance at beginning of prior year after applicable adjustments 2021-12-31 2,618,957
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 2,618,957
Amount remaining of prefunding balance 2021-12-31 0
Present value of excess contributions 2021-12-31 4,804,642
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 5,045,835
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 2,836,854
Balance of prefunding at beginning of current year 2021-12-31 0
Total employer contributions 2021-12-31 1,000,000
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 949,836
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 556,426
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 949,836
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0
Total participants, beginning-of-year 2021-01-01 138
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 93
Number of retired or separated participants receiving benefits 2021-01-01 3
Number of other retired or separated participants entitled to future benefits 2021-01-01 21
Total of all active and inactive participants 2021-01-01 117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 29
2020: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets 2020-12-31 12,519,059
Acturial value of plan assets 2020-12-31 12,519,059
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 11
Fundng target for terminated vested participants 2020-12-31 628,935
Active participant vested funding target 2020-12-31 5,405,841
Number of active participants 2020-12-31 104
Total funding liabilities for active participants 2020-12-31 5,633,674
Total participant count 2020-12-31 115
Total funding target for all participants 2020-12-31 6,262,609
Balance at beginning of prior year after applicable adjustments 2020-12-31 2,229,089
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 2,229,089
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 975,306
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 1,026,022
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 2,618,957
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 5,000,000
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 4,804,642
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 538,436
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Waiver amortization installment 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 0
Carryover balance elected to use to offset funding requirement 2020-12-31 0
Prefunding balance elected to use to offset funding requirement 2020-12-31 0
Additional cash requirement 2020-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 4,804,642
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
Total participants, beginning-of-year 2020-01-01 115
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 102
Number of retired or separated participants receiving benefits 2020-01-01 2
Number of other retired or separated participants entitled to future benefits 2020-01-01 14
Total of all active and inactive participants 2020-01-01 118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 14
2019: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets 2019-12-31 10,199,702
Acturial value of plan assets 2019-12-31 10,199,702
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 14
Fundng target for terminated vested participants 2019-12-31 628,615
Active participant vested funding target 2019-12-31 5,115,976
Number of active participants 2019-12-31 113
Total funding liabilities for active participants 2019-12-31 5,336,027
Total participant count 2019-12-31 127
Total funding target for all participants 2019-12-31 5,964,642
Balance at beginning of prior year after applicable adjustments 2019-12-31 2,325,601
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 2,325,601
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 972,694
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 1,025,317
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 2,229,089
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 1,000,000
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 975,306
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 433,028
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 975,306
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
Total participants, beginning-of-year 2019-01-01 127
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 89
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 11
Total of all active and inactive participants 2019-01-01 100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 32
2018: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets 2018-12-31 9,868,400
Acturial value of plan assets 2018-12-31 9,868,400
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 12
Fundng target for terminated vested participants 2018-12-31 457,374
Active participant vested funding target 2018-12-31 4,583,112
Number of active participants 2018-12-31 104
Total funding liabilities for active participants 2018-12-31 4,731,464
Total participant count 2018-12-31 116
Total funding target for all participants 2018-12-31 5,188,838
Balance at beginning of prior year after applicable adjustments 2018-12-31 2,049,891
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 2,049,891
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 968,728
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 1,023,267
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 2,325,601
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 1,000,000
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 972,694
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 374,596
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Waiver amortization installment 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 0
Carryover balance elected to use to offset funding requirement 2018-12-31 0
Prefunding balance elected to use to offset funding requirement 2018-12-31 0
Additional cash requirement 2018-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 972,694
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
2017: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets 2017-12-31 7,958,055
Acturial value of plan assets 2017-12-31 7,958,055
Funding target for retired participants and beneficiaries receiving payment 2017-12-31 0
Number of terminated vested participants 2017-12-31 12
Fundng target for terminated vested participants 2017-12-31 330,644
Active participant vested funding target 2017-12-31 4,194,372
Number of active participants 2017-12-31 98
Total funding liabilities for active participants 2017-12-31 4,306,857
Total participant count 2017-12-31 110
Total funding target for all participants 2017-12-31 4,637,501
Balance at beginning of prior year after applicable adjustments 2017-12-31 1,956,190
Prefunding balance at beginning of prior year after applicable adjustments 2017-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2017-12-31 0
Prefunding balanced used to offset prior years funding requirement 2017-12-31 0
Amount remaining of carryover balance 2017-12-31 1,956,190
Amount remaining of prefunding balance 2017-12-31 0
Present value of excess contributions 2017-12-31 858,438
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-12-31 909,000
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-12-31 0
Reductions in caryover balances due to elections or deemed elections 2017-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-12-31 0
Balance of carryovers at beginning of current year 2017-12-31 2,049,892
Balance of prefunding at beginning of current year 2017-12-31 0
Total employer contributions 2017-12-31 1,000,000
Total employee contributions 2017-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-12-31 968,728
Unpaid minimum required contributions for all prior years 2017-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-12-31 0
Remaining amount of unpaid minimum required contributions 2017-12-31 0
Minimum required contributions for current year target normal cost 2017-12-31 305,047
Net shortfall amortization installment of oustanding balance 2017-12-31 0
Waiver amortization installment 2017-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-12-31 0
Carryover balance elected to use to offset funding requirement 2017-12-31 0
Prefunding balance elected to use to offset funding requirement 2017-12-31 0
Additional cash requirement 2017-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-12-31 968,728
Unpaid minimum required contributions for current year 2017-12-31 0
Unpaid minimum required contributions for all years 2017-12-31 0
2016: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets 2016-12-31 6,873,988
Acturial value of plan assets 2016-12-31 6,873,988
Funding target for retired participants and beneficiaries receiving payment 2016-12-31 0
Number of terminated vested participants 2016-12-31 16
Fundng target for terminated vested participants 2016-12-31 318,180
Active participant vested funding target 2016-12-31 3,570,658
Number of active participants 2016-12-31 94
Total funding liabilities for active participants 2016-12-31 3,688,354
Total participant count 2016-12-31 110
Total funding target for all participants 2016-12-31 4,006,534
Balance at beginning of prior year after applicable adjustments 2016-12-31 1,950,339
Prefunding balance at beginning of prior year after applicable adjustments 2016-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2016-12-31 0
Prefunding balanced used to offset prior years funding requirement 2016-12-31 0
Amount remaining of carryover balance 2016-12-31 1,950,339
Amount remaining of prefunding balance 2016-12-31 0
Present value of excess contributions 2016-12-31 540,381
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2016-12-31 573,560
Total available prior years excess cotributions added 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 0
Reductions in prefunding balances due to elections or deemed elections 2016-12-31 0
Balance of carryovers at beginning of current year 2016-12-31 1,956,190
Balance of prefunding at beginning of current year 2016-12-31 0
Total employer contributions 2016-12-31 890,000
Total employee contributions 2016-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2016-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2016-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2016-12-31 858,438
Unpaid minimum required contributions for all prior years 2016-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from 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 2016-12-31 317,271
Net shortfall amortization installment of oustanding balance 2016-12-31 0
Waiver amortization installment 2016-12-31 0
Waived amount of outstanding balance 2016-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2016-12-31 0
Carryover balance elected to use to offset funding requirement 2016-12-31 0
Prefunding balance elected to use to offset funding requirement 2016-12-31 0
Additional cash requirement 2016-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2016-12-31 858,438
Unpaid minimum required contributions for current year 2016-12-31 0
Unpaid minimum required contributions for all years 2016-12-31 0

Measure	Date	Value
2022: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets	2022-12-31	20,623,984
Acturial value of plan assets	2022-12-31	20,623,984
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	2,104,069
Number of terminated vested participants	2022-12-31	21
Fundng target for terminated vested participants	2022-12-31	674,759
Active participant vested funding target	2022-12-31	4,538,574
Number of active participants	2022-12-31	104
Total funding liabilities for active participants	2022-12-31	4,730,937
Total participant count	2022-12-31	128
Total funding target for all participants	2022-12-31	7,509,765
Balance at beginning of prior year after applicable adjustments	2022-12-31	2,836,854
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	2,836,854
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	949,836
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	1,002,362
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	3,160,539
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	1,000,000
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	950,086
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	638,360
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	950,086
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total participants, beginning-of-year	2022-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	96
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	23
Total of all active and inactive participants	2022-01-01	119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	20
2021: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets	2021-12-31	18,213,824
Acturial value of plan assets	2021-12-31	18,213,824
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	1,846,396
Number of terminated vested participants	2021-12-31	14
Fundng target for terminated vested participants	2021-12-31	687,645
Active participant vested funding target	2021-12-31	3,997,470
Number of active participants	2021-12-31	122
Total funding liabilities for active participants	2021-12-31	4,263,529
Total participant count	2021-12-31	138
Total funding target for all participants	2021-12-31	6,797,570
Balance at beginning of prior year after applicable adjustments	2021-12-31	2,618,957
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	2,618,957
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	4,804,642
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	5,045,835
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	2,836,854
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	1,000,000
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	949,836
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	556,426
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	949,836
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
Total participants, beginning-of-year	2021-01-01	138
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	93
Number of retired or separated participants receiving benefits	2021-01-01	3
Number of other retired or separated participants entitled to future benefits	2021-01-01	21
Total of all active and inactive participants	2021-01-01	117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	29
2020: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets	2020-12-31	12,519,059
Acturial value of plan assets	2020-12-31	12,519,059
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	11
Fundng target for terminated vested participants	2020-12-31	628,935
Active participant vested funding target	2020-12-31	5,405,841
Number of active participants	2020-12-31	104
Total funding liabilities for active participants	2020-12-31	5,633,674
Total participant count	2020-12-31	115
Total funding target for all participants	2020-12-31	6,262,609
Balance at beginning of prior year after applicable adjustments	2020-12-31	2,229,089
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	2,229,089
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	975,306
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	1,026,022
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	2,618,957
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	5,000,000
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	4,804,642
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	538,436
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Waiver amortization installment	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	0
Carryover balance elected to use to offset funding requirement	2020-12-31	0
Prefunding balance elected to use to offset funding requirement	2020-12-31	0
Additional cash requirement	2020-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	4,804,642
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-01-01	115
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	102
Number of retired or separated participants receiving benefits	2020-01-01	2
Number of other retired or separated participants entitled to future benefits	2020-01-01	14
Total of all active and inactive participants	2020-01-01	118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	14
2019: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets	2019-12-31	10,199,702
Acturial value of plan assets	2019-12-31	10,199,702
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	14
Fundng target for terminated vested participants	2019-12-31	628,615
Active participant vested funding target	2019-12-31	5,115,976
Number of active participants	2019-12-31	113
Total funding liabilities for active participants	2019-12-31	5,336,027
Total participant count	2019-12-31	127
Total funding target for all participants	2019-12-31	5,964,642
Balance at beginning of prior year after applicable adjustments	2019-12-31	2,325,601
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	2,325,601
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	972,694
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	1,025,317
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	2,229,089
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	1,000,000
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	975,306
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	433,028
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	975,306
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
Total participants, beginning-of-year	2019-01-01	127
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	89
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	11
Total of all active and inactive participants	2019-01-01	100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	32
2018: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets	2018-12-31	9,868,400
Acturial value of plan assets	2018-12-31	9,868,400
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	12
Fundng target for terminated vested participants	2018-12-31	457,374
Active participant vested funding target	2018-12-31	4,583,112
Number of active participants	2018-12-31	104
Total funding liabilities for active participants	2018-12-31	4,731,464
Total participant count	2018-12-31	116
Total funding target for all participants	2018-12-31	5,188,838
Balance at beginning of prior year after applicable adjustments	2018-12-31	2,049,891
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	2,049,891
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	968,728
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	1,023,267
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	2,325,601
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	1,000,000
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	972,694
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	374,596
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	0
Carryover balance elected to use to offset funding requirement	2018-12-31	0
Prefunding balance elected to use to offset funding requirement	2018-12-31	0
Additional cash requirement	2018-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	972,694
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets	2017-12-31	7,958,055
Acturial value of plan assets	2017-12-31	7,958,055
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	12
Fundng target for terminated vested participants	2017-12-31	330,644
Active participant vested funding target	2017-12-31	4,194,372
Number of active participants	2017-12-31	98
Total funding liabilities for active participants	2017-12-31	4,306,857
Total participant count	2017-12-31	110
Total funding target for all participants	2017-12-31	4,637,501
Balance at beginning of prior year after applicable adjustments	2017-12-31	1,956,190
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2017-12-31	0
Prefunding balanced used to offset prior years funding requirement	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	1,956,190
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	858,438
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	909,000
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in caryover balances due to elections or deemed elections	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	2,049,892
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	1,000,000
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	968,728
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	305,047
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	0
Carryover balance elected to use to offset funding requirement	2017-12-31	0
Prefunding balance elected to use to offset funding requirement	2017-12-31	0
Additional cash requirement	2017-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	968,728
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets	2016-12-31	6,873,988
Acturial value of plan assets	2016-12-31	6,873,988
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	16
Fundng target for terminated vested participants	2016-12-31	318,180
Active participant vested funding target	2016-12-31	3,570,658
Number of active participants	2016-12-31	94
Total funding liabilities for active participants	2016-12-31	3,688,354
Total participant count	2016-12-31	110
Total funding target for all participants	2016-12-31	4,006,534
Balance at beginning of prior year after applicable adjustments	2016-12-31	1,950,339
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	1,950,339
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	540,381
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	573,560
Total available prior years excess cotributions added 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	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	1,956,190
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	890,000
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	858,438
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from 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	317,271
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	0
Carryover balance elected to use to offset funding requirement	2016-12-31	0
Prefunding balance elected to use to offset funding requirement	2016-12-31	0
Additional cash requirement	2016-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	858,438
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

Financial Data on SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST

Measure	Date	Value
2022 : SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-1,683,942
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$5,531,340
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$5,472,164
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,000,000
Value of total assets at end of year	2022-12-31	$13,408,702
Value of total assets at beginning of year	2022-12-31	$20,623,984
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$59,176
Total interest from all sources	2022-12-31	$60,268
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$267,474
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$267,474
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$9,000,000
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Other income not declared elsewhere	2022-12-31	$721
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-7,215,282
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$13,408,702
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$20,623,984
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Investment advisory and management fees	2022-12-31	$13,150
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$12,025,773
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$17,120,258
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$60,268
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$1,382,929
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$3,503,726
Expenses. Payments to insurance carriers foe the provision of benefits	2022-12-31	$2,198,872
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-3,012,405
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$1,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$3,273,292
Contract administrator fees	2022-12-31	$46,026
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	HOLBEN HAY LAKE BALZER CPA, LLC
Accountancy firm EIN	2022-12-31	841474365
2021 : SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$3,050,162
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$640,002
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$568,077
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,000,000
Value of total assets at end of year	2021-12-31	$20,623,984
Value of total assets at beginning of year	2021-12-31	$18,213,824
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$71,925
Total interest from all sources	2021-12-31	$35,944
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$252,170
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$252,170
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$9,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Other income not declared elsewhere	2021-12-31	$2,733
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$2,410,160
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$20,623,984
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$18,213,824
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$15,983
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$17,120,258
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$11,797,866
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2021-12-31	$35,944
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2021-12-31	$3,503,726
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2021-12-31	$6,415,958
Expenses. Payments to insurance carriers foe the provision of benefits	2021-12-31	$137,624
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$1,759,315
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$1,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$430,453
Contract administrator fees	2021-12-31	$55,942
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	HOLBEN HAY LAKE BALZER CPA, LLC
Accountancy firm EIN	2021-12-31	841474365
2020 : SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$6,103,493
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$408,728
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$360,619
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$5,000,000
Value of total assets at end of year	2020-12-31	$18,213,824
Value of total assets at beginning of year	2020-12-31	$12,519,059
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$48,109
Total interest from all sources	2020-12-31	$40,959
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$220,532
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$220,532
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$8,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Other income not declared elsewhere	2020-12-31	$2,432
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$5,694,765
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$18,213,824
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$12,519,059
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$10,691
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$11,797,866
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$11,027,390
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2020-12-31	$40,959
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2020-12-31	$6,415,958
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2020-12-31	$1,491,669
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$839,570
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$5,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$360,619
Contract administrator fees	2020-12-31	$37,418
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	HOLBEN HAY LAKE BALZER CPA, LLC
Accountancy firm EIN	2020-12-31	841474365
2019 : SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$2,818,829
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$499,472
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$453,527
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,000,000
Value of total assets at end of year	2019-12-31	$12,519,059
Value of total assets at beginning of year	2019-12-31	$10,199,702
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$45,945
Total interest from all sources	2019-12-31	$21,483
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$255,660
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$255,660
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$8,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Other income not declared elsewhere	2019-12-31	$2,715
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,319,357
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$12,519,059
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$10,199,702
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$10,210
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$11,027,390
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$9,124,043
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2019-12-31	$21,483
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2019-12-31	$1,491,669
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2019-12-31	$1,075,659
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$1,538,971
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$1,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$453,527
Contract administrator fees	2019-12-31	$35,735
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	HOLBEN HAY LAKE BALZER CPA, LLC
Accountancy firm EIN	2019-12-31	841474365

Form 5500 Responses for SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST

2022: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SANDIA AREA FEDERAL CU DEFINED BENEFIT PLAN AND TRUST 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )

Policy contract number

130-0088-0

Policy instance

Insurance contract or identification number	130-0088-0
Number of Individuals Covered	119
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )

Policy contract number

130-0088-0

Policy instance

Insurance contract or identification number	130-0088-0
Number of Individuals Covered	117
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )

Policy contract number

130-0088-0

Policy instance

Insurance contract or identification number	130-0088-0
Number of Individuals Covered	118
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )

Policy contract number

130-0088-0

Policy instance

Insurance contract or identification number	130-0088-0
Number of Individuals Covered	100
Insurance policy start date	2019-01-01
Insurance policy end date	2019-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	SANDIA AREA FEDERAL CREDIT UNION
Employer identification number (EIN):	850128861
NAIC Classification:	522130
NAIC Description:	Credit Unions