Merchants Mutual Capital Accumulation Plan — Form 5500 plan (Merchants Mutual Insurance Company)
Plain-English plan 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, Merchants Mutual Capital Accumulation Plan is a benefit plan reported by Merchants Mutual Insurance Company under EIN 16-0550140 and plan number 002. The latest loaded filing year is 2023. The filing reports 433 participants and $70,425,021 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Merchants Mutual Insurance Company
- EIN
- 16-0550140
- Plan number
- 002
- Plan type
- 2
- Location
- Buffalo, NY
- Latest filing year
- 2023
- Participants
- 433
- End-of-year plan assets
- $70,425,021
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 433 | H, C | 20240724145410NAL0007554371001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $70,425,021
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $70,425,021
- Net assets (BOY)
- $64,266,152
Income & contributions
- Employer contributions
- $1,770,079
- Participant contributions
- $3,062,278
- Total contributions
- $5,463,520
- Total income / additions
- $15,673,043
Expenses & distributions
- Benefits paid
- $9,491,040
- Administrative expenses
- $22,523
- Total expenses
- $9,514,174
- Net increase / (decrease)
- $6,158,869
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $22,523 | $0 | 2023 |
| Charles Schwab & Co. | NONE | $362 | not reported in the loaded dataset | 2023 |