Magnolia Capital Management Company, Inc. 401(K) Plan — Form 5500 plan (Magnolia Capital Management Company, 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, Magnolia Capital Management Company, Inc. 401(K) Plan is a benefit plan reported by Magnolia Capital Management Company, Inc. under EIN 81-3604920 and plan number 001. The latest loaded filing year is 2023. The filing reports 190 participants and $4,627,759 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Magnolia Capital Management Company, Inc.
EIN
81-3604920
Plan number
001
Plan type
2
Location
Chicago, IL
Latest filing year
2023
Participants
190
End-of-year plan assets
$4,627,759

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023190H, C20241014162145NAL0015285875001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$4,627,759
Total liabilities (EOY)
$1,482
Net assets (EOY)
$4,626,277
Net assets (BOY)
$3,898,948

Income & contributions

Employer contributions
$340,602
Participant contributions
$631,088
Total contributions
$1,037,445
Total income / additions
$1,749,249

Expenses & distributions

Benefits paid
$989,565
Administrative expenses
$32,355
Total expenses
$1,021,920
Net increase / (decrease)
$727,329

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alerus Financial, N.A.NONE$21,533not reported in the loaded dataset2023
Orgel Wealth Management, LLCNONE$10,822$02023

Related Form 5500 pages