Merchants Financial Group, Inc. Employee Stock Ownership Plan — Form 5500 plan (Merchants Financial Group, Inc.)
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. Employee Stock Ownership Plan is a benefit plan reported by Merchants Financial Group, Inc. under EIN 41-1504721 and plan number 003. The latest loaded filing year is 2023. The filing reports 488 participants and $45,394,098 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Merchants Financial Group, Inc.
- EIN
- 41-1504721
- Plan number
- 003
- Plan type
- 2
- Location
- Winona, MN
- Latest filing year
- 2023
- Participants
- 488
- End-of-year plan assets
- $45,394,098
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 488 | H | 20241015120633NAL0014574643001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $45,394,098
- Total liabilities (EOY)
- $7,339,765
- Net assets (EOY)
- $38,054,333
- Net assets (BOY)
- $42,440,687
Income & contributions
- Employer contributions
- $1,755,271
- Total contributions
- $1,755,271
- Total income / additions
- -$791,715
Expenses & distributions
- Benefits paid
- $1,970,629
- Administrative expenses
- $0
- Total expenses
- $2,258,986
- Net increase / (decrease)
- -$3,050,701
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.