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

ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan Name	ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number	002

ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

HORIZON CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: HORIZON CREDIT UNION

Employer identification number (EIN): 910567788

NAIC Classification: 522130
NAIC Description: Credit Unions

Additional information about HORIZON CREDIT UNION

Jurisdiction of Incorporation: Idaho Secretary Of State

Incorporation Date:

Company Identification Number: C150225

More information about HORIZON CREDIT UNION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ICON 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
002 2021-10-01 JOSH SEITZ 2023-07-12 JOSH SEITZ 2023-07-12
002 2020-10-01 CAMILLE ANDERSEN 2022-07-15 CAMILLE ANDERSEN 2022-07-15
002 2019-10-01 CAMILLE ANDERSEN 2021-07-09 CAMILLE ANDERSEN 2021-07-09

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2021-10-01	JOSH SEITZ	2023-07-12	JOSH SEITZ	2023-07-12
002	2020-10-01	CAMILLE ANDERSEN	2022-07-15	CAMILLE ANDERSEN	2022-07-15
002	2019-10-01	CAMILLE ANDERSEN	2021-07-09	CAMILLE ANDERSEN	2021-07-09

Plan Statistics for ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

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

Measure Date Value
2022: ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets 2022-09-30 3,230,675
Acturial value of plan assets 2022-09-30 3,230,675
Funding target for retired participants and beneficiaries receiving payment 2022-09-30 637,874
Number of terminated vested participants 2022-09-30 37
Fundng target for terminated vested participants 2022-09-30 1,095,922
Active participant vested funding target 2022-09-30 246,451
Number of active participants 2022-09-30 9
Total funding liabilities for active participants 2022-09-30 248,567
Total participant count 2022-09-30 52
Total funding target for all participants 2022-09-30 1,982,363
Balance at beginning of prior year after applicable adjustments 2022-09-30 498,469
Prefunding balance at beginning of prior year after applicable adjustments 2022-09-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-09-30 0
Prefunding balanced used to offset prior years funding requirement 2022-09-30 0
Amount remaining of carryover balance 2022-09-30 498,469
Amount remaining of prefunding balance 2022-09-30 0
Present value of excess contributions 2022-09-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-09-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-09-30 0
Reductions in caryover balances due to elections or deemed elections 2022-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2022-09-30 0
Balance of carryovers at beginning of current year 2022-09-30 563,320
Balance of prefunding at beginning of current year 2022-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2022-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-09-30 0
Unpaid minimum required contributions for all prior years 2022-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-09-30 0
Remaining amount of unpaid minimum required contributions 2022-09-30 0
Minimum required contributions for current year target normal cost 2022-09-30 40,000
Net shortfall amortization installment of oustanding balance 2022-09-30 0
Waiver amortization installment 2022-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2022-09-30 0
Carryover balance elected to use to offset funding requirement 2022-09-30 0
Prefunding balance elected to use to offset funding requirement 2022-09-30 0
Additional cash requirement 2022-09-30 0
Contributions allocatedtoward minimum required contributions for current year 2022-09-30 0
Unpaid minimum required contributions for current year 2022-09-30 0
Unpaid minimum required contributions for all years 2022-09-30 0
2021: ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets 2021-09-30 3,325,089
Acturial value of plan assets 2021-09-30 3,325,089
Funding target for retired participants and beneficiaries receiving payment 2021-09-30 616,799
Number of terminated vested participants 2021-09-30 38
Fundng target for terminated vested participants 2021-09-30 992,913
Active participant vested funding target 2021-09-30 422,038
Number of active participants 2021-09-30 10
Total funding liabilities for active participants 2021-09-30 426,225
Total participant count 2021-09-30 53
Total funding target for all participants 2021-09-30 2,035,937
Balance at beginning of prior year after applicable adjustments 2021-09-30 454,849
Prefunding balance at beginning of prior year after applicable adjustments 2021-09-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-09-30 0
Prefunding balanced used to offset prior years funding requirement 2021-09-30 0
Amount remaining of carryover balance 2021-09-30 454,849
Amount remaining of prefunding balance 2021-09-30 0
Present value of excess contributions 2021-09-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-09-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-09-30 0
Reductions in caryover balances due to elections or deemed elections 2021-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2021-09-30 0
Balance of carryovers at beginning of current year 2021-09-30 498,469
Balance of prefunding at beginning of current year 2021-09-30 0
Total employer contributions 2021-09-30 0
Total employee contributions 2021-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2021-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-09-30 0
Unpaid minimum required contributions for all prior years 2021-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-09-30 0
Remaining amount of unpaid minimum required contributions 2021-09-30 0
Minimum required contributions for current year target normal cost 2021-09-30 40,000
Net shortfall amortization installment of oustanding balance 2021-09-30 0
Waiver amortization installment 2021-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2021-09-30 0
Carryover balance elected to use to offset funding requirement 2021-09-30 0
Prefunding balance elected to use to offset funding requirement 2021-09-30 0
Additional cash requirement 2021-09-30 0
Contributions allocatedtoward minimum required contributions for current year 2021-09-30 0
Unpaid minimum required contributions for current year 2021-09-30 0
Unpaid minimum required contributions for all years 2021-09-30 0
2020: ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets 2020-09-30 3,118,981
Acturial value of plan assets 2020-09-30 3,118,981
Funding target for retired participants and beneficiaries receiving payment 2020-09-30 258,365
Number of terminated vested participants 2020-09-30 41
Fundng target for terminated vested participants 2020-09-30 1,215,093
Active participant vested funding target 2020-09-30 702,608
Number of active participants 2020-09-30 11
Total funding liabilities for active participants 2020-09-30 708,671
Total participant count 2020-09-30 54
Total funding target for all participants 2020-09-30 2,182,129
Balance at beginning of prior year after applicable adjustments 2020-09-30 431,791
Prefunding balance at beginning of prior year after applicable adjustments 2020-09-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-09-30 0
Prefunding balanced used to offset prior years funding requirement 2020-09-30 0
Amount remaining of carryover balance 2020-09-30 431,791
Amount remaining of prefunding balance 2020-09-30 0
Present value of excess contributions 2020-09-30 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-09-30 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-09-30 0
Reductions in caryover balances due to elections or deemed elections 2020-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2020-09-30 0
Balance of carryovers at beginning of current year 2020-09-30 454,849
Balance of prefunding at beginning of current year 2020-09-30 0
Total employer contributions 2020-09-30 0
Total employee contributions 2020-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2020-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-09-30 0
Unpaid minimum required contributions for all prior years 2020-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-09-30 0
Remaining amount of unpaid minimum required contributions 2020-09-30 0
Minimum required contributions for current year target normal cost 2020-09-30 40,000
Net shortfall amortization installment of oustanding balance 2020-09-30 0
Waiver amortization installment 2020-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2020-09-30 0
Carryover balance elected to use to offset funding requirement 2020-09-30 0
Prefunding balance elected to use to offset funding requirement 2020-09-30 0
Additional cash requirement 2020-09-30 0
Contributions allocatedtoward minimum required contributions for current year 2020-09-30 0
Unpaid minimum required contributions for current year 2020-09-30 0
Unpaid minimum required contributions for all years 2020-09-30 0

Measure	Date	Value
2022: ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets	2022-09-30	3,230,675
Acturial value of plan assets	2022-09-30	3,230,675
Funding target for retired participants and beneficiaries receiving payment	2022-09-30	637,874
Number of terminated vested participants	2022-09-30	37
Fundng target for terminated vested participants	2022-09-30	1,095,922
Active participant vested funding target	2022-09-30	246,451
Number of active participants	2022-09-30	9
Total funding liabilities for active participants	2022-09-30	248,567
Total participant count	2022-09-30	52
Total funding target for all participants	2022-09-30	1,982,363
Balance at beginning of prior year after applicable adjustments	2022-09-30	498,469
Prefunding balance at beginning of prior year after applicable adjustments	2022-09-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-09-30	0
Prefunding balanced used to offset prior years funding requirement	2022-09-30	0
Amount remaining of carryover balance	2022-09-30	498,469
Amount remaining of prefunding balance	2022-09-30	0
Present value of excess contributions	2022-09-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-09-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-09-30	0
Reductions in caryover balances due to elections or deemed elections	2022-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2022-09-30	0
Balance of carryovers at beginning of current year	2022-09-30	563,320
Balance of prefunding at beginning of current year	2022-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2022-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-09-30	0
Unpaid minimum required contributions for all prior years	2022-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-09-30	0
Remaining amount of unpaid minimum required contributions	2022-09-30	0
Minimum required contributions for current year target normal cost	2022-09-30	40,000
Net shortfall amortization installment of oustanding balance	2022-09-30	0
Waiver amortization installment	2022-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2022-09-30	0
Carryover balance elected to use to offset funding requirement	2022-09-30	0
Prefunding balance elected to use to offset funding requirement	2022-09-30	0
Additional cash requirement	2022-09-30	0
Contributions allocatedtoward minimum required contributions for current year	2022-09-30	0
Unpaid minimum required contributions for current year	2022-09-30	0
Unpaid minimum required contributions for all years	2022-09-30	0
2021: ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets	2021-09-30	3,325,089
Acturial value of plan assets	2021-09-30	3,325,089
Funding target for retired participants and beneficiaries receiving payment	2021-09-30	616,799
Number of terminated vested participants	2021-09-30	38
Fundng target for terminated vested participants	2021-09-30	992,913
Active participant vested funding target	2021-09-30	422,038
Number of active participants	2021-09-30	10
Total funding liabilities for active participants	2021-09-30	426,225
Total participant count	2021-09-30	53
Total funding target for all participants	2021-09-30	2,035,937
Balance at beginning of prior year after applicable adjustments	2021-09-30	454,849
Prefunding balance at beginning of prior year after applicable adjustments	2021-09-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-09-30	0
Prefunding balanced used to offset prior years funding requirement	2021-09-30	0
Amount remaining of carryover balance	2021-09-30	454,849
Amount remaining of prefunding balance	2021-09-30	0
Present value of excess contributions	2021-09-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-09-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-09-30	0
Reductions in caryover balances due to elections or deemed elections	2021-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2021-09-30	0
Balance of carryovers at beginning of current year	2021-09-30	498,469
Balance of prefunding at beginning of current year	2021-09-30	0
Total employer contributions	2021-09-30	0
Total employee contributions	2021-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2021-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-09-30	0
Unpaid minimum required contributions for all prior years	2021-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-09-30	0
Remaining amount of unpaid minimum required contributions	2021-09-30	0
Minimum required contributions for current year target normal cost	2021-09-30	40,000
Net shortfall amortization installment of oustanding balance	2021-09-30	0
Waiver amortization installment	2021-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2021-09-30	0
Carryover balance elected to use to offset funding requirement	2021-09-30	0
Prefunding balance elected to use to offset funding requirement	2021-09-30	0
Additional cash requirement	2021-09-30	0
Contributions allocatedtoward minimum required contributions for current year	2021-09-30	0
Unpaid minimum required contributions for current year	2021-09-30	0
Unpaid minimum required contributions for all years	2021-09-30	0
2020: ICON CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets	2020-09-30	3,118,981
Acturial value of plan assets	2020-09-30	3,118,981
Funding target for retired participants and beneficiaries receiving payment	2020-09-30	258,365
Number of terminated vested participants	2020-09-30	41
Fundng target for terminated vested participants	2020-09-30	1,215,093
Active participant vested funding target	2020-09-30	702,608
Number of active participants	2020-09-30	11
Total funding liabilities for active participants	2020-09-30	708,671
Total participant count	2020-09-30	54
Total funding target for all participants	2020-09-30	2,182,129
Balance at beginning of prior year after applicable adjustments	2020-09-30	431,791
Prefunding balance at beginning of prior year after applicable adjustments	2020-09-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-09-30	0
Prefunding balanced used to offset prior years funding requirement	2020-09-30	0
Amount remaining of carryover balance	2020-09-30	431,791
Amount remaining of prefunding balance	2020-09-30	0
Present value of excess contributions	2020-09-30	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-09-30	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-09-30	0
Reductions in caryover balances due to elections or deemed elections	2020-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2020-09-30	0
Balance of carryovers at beginning of current year	2020-09-30	454,849
Balance of prefunding at beginning of current year	2020-09-30	0
Total employer contributions	2020-09-30	0
Total employee contributions	2020-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2020-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-09-30	0
Unpaid minimum required contributions for all prior years	2020-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-09-30	0
Remaining amount of unpaid minimum required contributions	2020-09-30	0
Minimum required contributions for current year target normal cost	2020-09-30	40,000
Net shortfall amortization installment of oustanding balance	2020-09-30	0
Waiver amortization installment	2020-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2020-09-30	0
Carryover balance elected to use to offset funding requirement	2020-09-30	0
Prefunding balance elected to use to offset funding requirement	2020-09-30	0
Additional cash requirement	2020-09-30	0
Contributions allocatedtoward minimum required contributions for current year	2020-09-30	0
Unpaid minimum required contributions for current year	2020-09-30	0
Unpaid minimum required contributions for all years	2020-09-30	0

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Company Name:	HORIZON CREDIT UNION
Employer identification number (EIN):	910567788
NAIC Classification:	522130
NAIC Description:	Credit Unions

Jurisdiction of Incorporation:	Idaho Secretary Of State
Incorporation Date:
Company Identification Number:	C150225