Plan5500

Magnolia Bank Retirement Savings Plan — Form 5500 plan (Magnolia 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, Magnolia Bank Retirement Savings Plan is a benefit plan reported by Magnolia Bank under EIN 61-0126230 and plan number 001. The latest loaded filing year is 2023. The filing reports 345 participants and $13,722,357 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Magnolia Bank
EIN
61-0126230
Plan number
001
Plan type
2
Location
Hodgenville, KY
Latest filing year
2023
Participants
345
End-of-year plan assets
$13,722,357

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023345H, C20241015080505NAL0056563090002

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$13,722,357
Net assets (EOY)
$13,722,357
Net assets (BOY)
$11,677,683

Income & contributions

Employer contributions
$396,451
Participant contributions
$1,145,290
Total contributions
$1,752,782
Total income / additions
$3,516,526

Expenses & distributions

Benefits paid
$1,451,266
Administrative expenses
$20,586
Total expenses
$1,471,852
Net increase / (decrease)
$2,044,674

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Horizon Wealth ManagementSERVICE PROVIDERnot reported in the loaded dataset$25,7602023
Retirement Management Services, LLCTHIRD PARTY ADMINSTRATOR$7,382$6,1162023
Voya Retirement Insurance & AnnuitySERVICE PROVIDER$9,927$1,5222023

Related Form 5500 pages