2023 Form 5500 filing — The Merchants National Bank Profit Sharing And 401(K) Savings Plan
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 20240920080407NAL0007518641001) for The Merchants National Bank Profit Sharing And 401(K) Savings Plan, reported by The Merchants National Bank under EIN 31-0373340 and plan number 002. It reports 200 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240920080407NAL0007518641001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Merchants National Bank
- EIN
- 31-0373340
- Plan number
- 002
- Location
- Hillsboro, OH
- Participants
- 200
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $20,052,980
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,052,980
- Employer contributions
- $1,021,245
- Participant contributions
- $611,979
- Total income / additions
- $4,966,829
- Benefits paid
- $2,319,663
- Administrative expenses
- $7,994
- Total expenses
- $2,327,657
- Net increase / (decrease)
- $2,639,172
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $4,136 | not reported in the loaded dataset |
| Creative Retirement Systems, Inc. | CONTRACT ADMIN | $2,153 | not reported in the loaded dataset |
| Empower Annuity Ins Co Of America | RECORDKEEPER | $1,856 | $0 |