Morton Community Bank 401(K) Retirement Plan — Form 5500 plan (Morton Community 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, Morton Community Bank 401(K) Retirement Plan is a benefit plan reported by Morton Community Bank under EIN 37-0808298 and plan number 003. The latest loaded filing year is 2023. The filing reports 671 participants and $51,023,008 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Morton Community Bank
- EIN
- 37-0808298
- Plan number
- 003
- Plan type
- 2
- Location
- Morton, IL
- Latest filing year
- 2023
- Participants
- 671
- End-of-year plan assets
- $51,023,008
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 671 | H, C | 20241011145920NAL0012646611001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $51,023,008
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $51,023,008
- Net assets (BOY)
- $41,035,760
Income & contributions
- Employer contributions
- $661,483
- Participant contributions
- $2,181,717
- Total contributions
- $7,343,965
- Total income / additions
- $12,059,777
Expenses & distributions
- Benefits paid
- $1,987,344
- Administrative expenses
- $85,185
- Total expenses
- $2,072,529
- Net increase / (decrease)
- $9,987,248
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alliance Pension Consultants, Inc. | RECORDKEEPER | $40,108 | not reported in the loaded dataset | 2023 |
| David Vaughan Investments, LLC | INVESTMENT ADVISOR | $35,615 | not reported in the loaded dataset | 2023 |
| Charles Schwab Trust Bank | CUSTODIAN | $0 | $10,370 | 2023 |
| Charles Schwab & Co., Inc. | CUSTODIAN | $68 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Morton Community Bank
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Morton, IL
- Alliance Pension Consultants, Inc. — Schedule C compensation
- David Vaughan Investments, LLC — Schedule C compensation
- Charles Schwab Trust Bank — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation