Think 401(K) Plan — Form 5500 plan (Think Mutual 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, Think 401(K) Plan is a benefit plan reported by Think Mutual Bank under EIN 41-0844117 and plan number 004. The latest loaded filing year is 2023. The filing reports 422 participants and $59,099,622 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Think Mutual Bank
- EIN
- 41-0844117
- Plan number
- 004
- Plan type
- 2
- Location
- Rochester, MN
- Latest filing year
- 2023
- Participants
- 422
- End-of-year plan assets
- $59,099,622
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 422 | H, C | 20240723095148NAL0006496755001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $59,099,622
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $59,099,622
- Net assets (BOY)
- $54,236,369
Income & contributions
- Employer contributions
- $1,770,332
- Participant contributions
- $1,942,626
- Total contributions
- $3,950,863
- Total income / additions
- $12,421,674
Expenses & distributions
- Benefits paid
- $7,554,728
- Administrative expenses
- $3,693
- Total expenses
- $7,558,421
- Net increase / (decrease)
- $4,863,253
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $3,693 | $0 | 2023 |