What does Form 5500 Schedule C report about Merchants Bank National Association?

Public Form 5500 Schedule C filings report compensation paid to Merchants Bank National Association as a plan service provider. Across loaded filings, total reported compensation is $31,407.

How many plans report Merchants Bank National Association as a service provider?

Merchants Bank National Association appears on 2 loaded plan(s) across 2 sponsor(s).

Merchants Bank National Association — Form 5500 Schedule C service provider compensation

Reported service provider summary

According to public Form 5500 Schedule C data published through public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Merchants Bank National Association is reported as a service provider on 2 loaded Form 5500 filing(s) across 2 plan sponsor(s) and 2 plan(s). The latest loaded filing year is 2023. Across the loaded Schedule C rows, reported direct compensation totals $31,407 and reported indirect compensation totals $0.

Schedule C · 2023

Reported compensation dashboard

Total reported compensation$31.4KDirect + indirect, across loaded filings$31,407

Plans served2

Plan sponsors2

Filings2

Direct vs. indirect compensation

Direct compensation$31.4K

Indirect compensation$0

Direct compensation is paid to the provider from the plan; indirect compensation is received from other sources in connection with the plan (e.g. revenue sharing). Both are reported on Schedule C.

Figures are reported Schedule C service provider compensation as disclosed by plan sponsors. They are presented objectively and are not a statement about whether any compensation is high, low, or reasonable.

Computed from loaded filings

Concentration

Top sponsor share of compensation63%Leighton Enterprises, Inc.

Top state share of plans100%MN

Plan sponsors served2

By reported compensation

Top plan sponsors by reported compensation

Employers reporting the most compensation to Merchants Bank National Association. Bars show relative scale.

1
Leighton Enterprises, Inc.$19.9K
MN · 1 plan(s)
2
Merchants Financial Group, Inc.$11.5K
MN · 1 plan(s)

Geographic reach

State footprint

Where Merchants Bank National Association appears: states where the plans that report this provider are sponsored, ranked by plan count. This reflects the sponsor's location, not where services were performed.

1
MN2 plan(s)

Geographic reach

City footprint

Cities where plans reporting Merchants Bank National Association are sponsored, by plan count.

1
St. Cloud, MN1 plan(s)
2
Winona, MN1 plan(s)

By reported compensation

Plans reporting this provider

Loaded Form 5500 filings that report compensation to this provider, ranked. Bars show relative scale.

1
Leighton Enterprises, Inc. Retirement Savings Plan$19.9K
Leighton Enterprises, Inc., MN · Direct $19.9K · Indirect $0 · 2023
2
Merchants Financial Group, Inc. 401(K) Savings Plan$11.5K
Merchants Financial Group, Inc., MN · Direct $11.5K · Indirect $0 · 2023

What to inspect next

Frequently asked questions

What does Form 5500 Schedule C report about Merchants Bank National Association?: Public Form 5500 Schedule C filings report compensation paid to Merchants Bank National Association as a plan service provider. Across loaded filings, total reported compensation is $31,407.
How many plans report Merchants Bank National Association as a service provider?: Merchants Bank National Association appears on 2 loaded plan(s) across 2 sponsor(s).