Macatawa Bank 401(K) Plan — Form 5500 plan (Macatawa 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, Macatawa Bank 401(K) Plan is a benefit plan reported by Macatawa Bank under EIN 38-3378283 and plan number 001. The latest loaded filing year is 2023. The filing reports 437 participants and $37,981,919 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Macatawa Bank
- EIN
- 38-3378283
- Plan number
- 001
- Plan type
- 2
- Location
- Holland, MI
- Latest filing year
- 2023
- Participants
- 437
- End-of-year plan assets
- $37,981,919
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 437 | H, C | 20240926103221NAL0000337059001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $37,981,919
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,981,919
- Net assets (BOY)
- $32,532,861
Income & contributions
- Employer contributions
- $790,455
- Participant contributions
- $1,593,452
- Total contributions
- $2,616,063
- Total income / additions
- $8,995,500
Expenses & distributions
- Benefits paid
- $3,526,609
- Administrative expenses
- $19,833
- Total expenses
- $3,546,442
- Net increase / (decrease)
- $5,449,058
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Macatawa Bank Retirement Plan Serv. | TRUSTEE/RECORDKEEPER/ADV | $19,833 | not reported in the loaded dataset | 2023 |