The Merchants National Bank Profit Sharing And 401(K) Savings Plan — Form 5500 plan (The Merchants National Bank)
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, The Merchants National Bank Profit Sharing And 401(K) Savings Plan is a benefit plan reported by The Merchants National Bank under EIN 31-0373340 and plan number 002. The latest loaded filing year is 2023. The filing reports 200 participants and $20,052,980 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Merchants National Bank
- EIN
- 31-0373340
- Plan number
- 002
- Plan type
- 2
- Location
- Hillsboro, OH
- Latest filing year
- 2023
- Participants
- 200
- End-of-year plan assets
- $20,052,980
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 200 | H, C | 20240920080407NAL0007518641001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,052,980
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,052,980
- Net assets (BOY)
- $17,413,808
Income & contributions
- Employer contributions
- $1,021,245
- Participant contributions
- $611,979
- Total contributions
- $1,872,983
- Total income / additions
- $4,966,829
Expenses & distributions
- Benefits paid
- $2,319,663
- Administrative expenses
- $7,994
- Total expenses
- $2,327,657
- Net increase / (decrease)
- $2,639,172
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $4,136 | not reported in the loaded dataset | 2023 |
| Creative Retirement Systems, Inc. | CONTRACT ADMIN | $2,153 | not reported in the loaded dataset | 2023 |
| Empower Annuity Ins Co Of America | RECORDKEEPER | $1,856 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for The Merchants National Bank
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Hillsboro, OH
- Empower Advisory Group, LLC — Schedule C compensation
- Creative Retirement Systems, Inc. — Schedule C compensation
- Empower Annuity Ins Co Of America — Schedule C compensation