2023 Form 5500 filing — Market Street Bancshares, Inc. Employee Stock Ownership Plan And Trust
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240910133129NAL0005702065001) for Market Street Bancshares, Inc. Employee Stock Ownership Plan And Trust, reported by Market Street Bancshares, Inc. under EIN 37-1201191 and plan number 001. It reports 300 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240910133129NAL0005702065001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Market Street Bancshares, Inc.
- EIN
- 37-1201191
- Plan number
- 001
- Location
- Mount Vernon, IL
- Participants
- 300
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $40,222,098
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $40,222,098
- Employer contributions
- $534,585
- Participant contributions
- $1,623,157
- Total income / additions
- $6,715,146
- Benefits paid
- $1,445,414
- Administrative expenses
- $136,257
- Total expenses
- $1,581,671
- Net increase / (decrease)
- $5,133,475
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fisher Asset Management LLC | INVESTMENT ADVISORY | $83,749 | $22 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $52,508 | $0 |