2023 Form 5500 filing — Magnolia Capital Management Company, Inc. 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 20241014162145NAL0015285875001) for Magnolia Capital Management Company, Inc. 401(K) Plan, reported by Magnolia Capital Management Company, Inc. under EIN 81-3604920 and plan number 001. It reports 190 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

EFAST2 acknowledgement
20241014162145NAL0015285875001
Filing year
2023
Form type
2
Plan sponsor
Magnolia Capital Management Company, Inc.
EIN
81-3604920
Plan number
001
Location
Chicago, IL
Participants
190
Schedules available
Schedule H, Schedule C
Received date
not reported in the loaded dataset

Reported financial snapshot (2023)

Total assets (EOY)
$4,627,759
Total liabilities (EOY)
$1,482
Net assets (EOY)
$4,626,277
Employer contributions
$340,602
Participant contributions
$631,088
Total income / additions
$1,749,249
Benefits paid
$989,565
Administrative expenses
$32,355
Total expenses
$1,021,920
Net increase / (decrease)
$727,329
Schedule source
Schedule H

Reported service provider compensation (Schedule C)

Compensation reported on the 2023 filing
ProviderServiceDirect comp.Indirect comp.
Alerus Financial, N.A.NONE$21,533not reported in the loaded dataset
Orgel Wealth Management, LLCNONE$10,822$0

Related Form 5500 pages