2023 Form 5500 filing — Merchants Mutual Capital Accumulation 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 20240724145410NAL0007554371001) for Merchants Mutual Capital Accumulation Plan, reported by Merchants Mutual Insurance Company under EIN 16-0550140 and plan number 002. It reports 433 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240724145410NAL0007554371001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Merchants Mutual Insurance Company
- EIN
- 16-0550140
- Plan number
- 002
- Location
- Buffalo, NY
- Participants
- 433
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $70,425,021
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $70,425,021
- Employer contributions
- $1,770,079
- Participant contributions
- $3,062,278
- Total income / additions
- $15,673,043
- Benefits paid
- $9,491,040
- Administrative expenses
- $22,523
- Total expenses
- $9,514,174
- Net increase / (decrease)
- $6,158,869
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $22,523 | $0 |
| Charles Schwab & Co. | NONE | $362 | not reported in the loaded dataset |