Midcountry Bank 401(K) Plan — Form 5500 plan (Midcountry 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, Midcountry Bank 401(K) Plan is a benefit plan reported by Midcountry Bank under EIN 41-0325766 and plan number 001. The latest loaded filing year is 2023. The filing reports 302 participants and $23,622,377 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Midcountry Bank
- EIN
- 41-0325766
- Plan number
- 001
- Plan type
- 2
- Location
- Bloomington, MN
- Latest filing year
- 2023
- Participants
- 302
- End-of-year plan assets
- $23,622,377
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 302 | H, C | 20240725091744NAL0022096384001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,622,377
- Total liabilities (EOY)
- $2,911
- Net assets (EOY)
- $23,619,466
- Net assets (BOY)
- $20,529,996
Income & contributions
- Employer contributions
- $653,969
- Participant contributions
- $1,143,081
- Total contributions
- $2,222,231
- Total income / additions
- $5,692,479
Expenses & distributions
- Benefits paid
- $2,540,948
- Administrative expenses
- $62,061
- Total expenses
- $2,603,009
- Net increase / (decrease)
- $3,089,470
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $34,349 | $0 | 2023 |
| The Hays Financial Group, LLC | INVESTMENT ADVISOR | $32,255 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $3,189 | not reported in the loaded dataset | 2023 |
| Qdro Consultants Company, LLC | OTHER | $400 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Midcountry Bank
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Bloomington, MN
- Empower Annuity Insurance Company O — Schedule C compensation
- The Hays Financial Group, LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Qdro Consultants Company, LLC — Schedule C compensation