2023 Form 5500 filing — Mercantile Bank 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240719105755NAL0004294099001) for Mercantile Bank 401(K) Plan, reported by Mercantile Bank under EIN 38-3360868 and plan number 001. It reports 885 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240719105755NAL0004294099001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mercantile Bank
- EIN
- 38-3360868
- Plan number
- 001
- Location
- Grand Rapids, MI
- Participants
- 885
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $100,878,135
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $100,878,135
- Employer contributions
- $2,318,204
- Participant contributions
- $4,443,575
- Total income / additions
- $24,438,373
- Benefits paid
- $4,353,099
- Administrative expenses
- $229,686
- Total expenses
- $4,582,785
- Net increase / (decrease)
- $19,855,588
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Greenleaf Trust | TRUSTEE | $229,686 | not reported in the loaded dataset |