Mb 401(K) Plan — Form 5500 plan (Mno-Bmadsen)
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, Mb 401(K) Plan is a benefit plan reported by Mno-Bmadsen under EIN 27-0627447 and plan number 001. The latest loaded filing year is 2023. The filing reports 248 participants and $14,916,237 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Mno-Bmadsen
- EIN
- 27-0627447
- Plan number
- 001
- Plan type
- 2
- Location
- Dowagiac, MI
- Latest filing year
- 2023
- Participants
- 248
- End-of-year plan assets
- $14,916,237
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 248 | H, C | 20241009102138NAL0036716002001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,916,237
- Total liabilities (EOY)
- $100
- Net assets (EOY)
- $14,916,137
- Net assets (BOY)
- $11,209,745
Income & contributions
- Employer contributions
- $693,461
- Participant contributions
- $1,307,696
- Total contributions
- $2,259,244
- Total income / additions
- $4,502,525
Expenses & distributions
- Benefits paid
- $778,744
- Administrative expenses
- $17,389
- Total expenses
- $796,133
- Net increase / (decrease)
- $3,706,392
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| 1st Source Bank | TRUSTEE | $17,389 | not reported in the loaded dataset | 2023 |