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, Merchants Financial Group, Inc. 401(K) Savings Plan is a benefit plan reported by Merchants Financial Group, Inc. under EIN 41-1504721 and plan number 002. The latest loaded filing year is 2023. The filing reports 649 participants and $60,073,091 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $60,073,091
- Total liabilities (EOY)
- $3,860
- Net assets (EOY)
- $60,069,231
- Net assets (BOY)
- $51,165,733
Income & contributions
- Employer contributions
- $125,428
- Participant contributions
- $2,479,930
- Total contributions
- $3,896,307
- Total income / additions
- $12,573,394
Expenses & distributions
- Benefits paid
- $4,989,727
- Administrative expenses
- $11,484
- Total expenses
- $5,005,549
- Net increase / (decrease)
- $7,567,845