2023 Form 5500 filing — Midwest Community Bancshares, Inc. Safe Harbor 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 20241014114035NAL0014858099001) for Midwest Community Bancshares, Inc. Safe Harbor 401(K) Plan, reported by Midwest Community Bancshares, Inc. under EIN 36-4148677 and plan number 001. It reports 174 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014114035NAL0014858099001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Midwest Community Bancshares, Inc.
- EIN
- 36-4148677
- Plan number
- 001
- Location
- Marion, IL
- Participants
- 174
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,761,638
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,761,638
- Employer contributions
- $264,188
- Participant contributions
- $518,168
- Total income / additions
- $2,988,050
- Benefits paid
- $1,260,330
- Administrative expenses
- $38,276
- Total expenses
- $1,298,606
- Net increase / (decrease)
- $1,689,444
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Great-West Life & Annuity Insurance | RECORDKEEPER | $18,266 | $0 |
| Benefit Plans Plus | THIRD PARTY ADMINISTRATO | $11,283 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $2,936 | not reported in the loaded dataset |