Merchants & Marine Bank 401 (K) Retirement Plan — Form 5500 plan (Merchants & Marine 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, Merchants & Marine Bank 401 (K) Retirement Plan is a benefit plan reported by Merchants & Marine Bank under EIN 64-6016232 and plan number 002. The latest loaded filing year is 2023. The filing reports 250 participants and $10,161,558 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Merchants & Marine Bank
- EIN
- 64-6016232
- Plan number
- 002
- Plan type
- 2
- Location
- Pascagoula, MS
- Latest filing year
- 2023
- Participants
- 250
- End-of-year plan assets
- $10,161,558
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 250 | H, C | 20241001143859NAL0004108979001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,161,558
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,161,558
- Net assets (BOY)
- $8,445,930
Income & contributions
- Employer contributions
- $335,657
- Participant contributions
- $572,679
- Total contributions
- $1,062,580
- Total income / additions
- $2,585,010
Expenses & distributions
- Benefits paid
- $860,889
- Administrative expenses
- $8,493
- Total expenses
- $869,382
- Net increase / (decrease)
- $1,715,628
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pentegra Services, Inc. | CONTRACT ADMIN | $2,317 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Co. | RECORDKEEPER | $0 | $0 | 2023 |