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MUTUAL BANK 401(K) PLAN 401k Plan overview

Plan NameMUTUAL BANK 401(K) PLAN
Plan identification number 002

MUTUAL BANK 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MUTUAL BANK has sponsored the creation of one or more 401k plans.

Company Name:MUTUAL BANK
Employer identification number (EIN):041647485
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MUTUAL BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01AILEEN ZEC
0022017-01-01AILEEN ZEC
0022016-01-01BRENDA SANTAGATI
0022015-01-01AILEEN ZEC
0022014-01-01AILEEN ZEC
0022013-01-01AILEEN ZEC
0022012-06-01GLEN WHITE

Plan Statistics for MUTUAL BANK 401(K) PLAN

401k plan membership statisitcs for MUTUAL BANK 401(K) PLAN

Measure Date Value
2018: MUTUAL BANK 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01116
Total number of active participants reported on line 7a of the Form 55002018-01-01102
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0114
Total of all active and inactive participants2018-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01116
Number of participants with account balances2018-01-01111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0111
2017: MUTUAL BANK 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01108
Total number of active participants reported on line 7a of the Form 55002017-01-0199
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0117
Total of all active and inactive participants2017-01-01116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01116
Number of participants with account balances2017-01-01105
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0112
2016: MUTUAL BANK 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01100
Total number of active participants reported on line 7a of the Form 55002016-01-0198
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01108
Number of participants with account balances2016-01-0198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-019
2015: MUTUAL BANK 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0196
Total number of active participants reported on line 7a of the Form 55002015-01-0195
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-015
Total of all active and inactive participants2015-01-01100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01100
Number of participants with account balances2015-01-0189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-019
2014: MUTUAL BANK 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0190
Total number of active participants reported on line 7a of the Form 55002014-01-0193
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-0196
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0196
Number of participants with account balances2014-01-0183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-016
2013: MUTUAL BANK 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0180
Total number of active participants reported on line 7a of the Form 55002013-01-0188
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0190
Number of participants with account balances2013-01-0190
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MUTUAL BANK 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-06-0182
Total number of active participants reported on line 7a of the Form 55002012-06-0179
Number of retired or separated participants receiving benefits2012-06-010
Number of other retired or separated participants entitled to future benefits2012-06-011
Total of all active and inactive participants2012-06-0180
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-06-010
Total participants2012-06-0180
Number of participants with account balances2012-06-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-06-010

Financial Data on MUTUAL BANK 401(K) PLAN

Measure Date Value
2018 : MUTUAL BANK 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$177,517
Expenses. Total of all expenses incurred2018-12-31$599,504
Benefits paid (including direct rollovers)2018-12-31$591,637
Total plan assets at end of year2018-12-31$7,461,608
Total plan assets at beginning of year2018-12-31$7,883,595
Value of fidelity bond covering the plan2018-12-31$3,000,000
Total contributions received or receivable from participants2018-12-31$423,151
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$115,062
Other income received2018-12-31$-684,703
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-421,987
Net plan assets at end of year (total assets less liabilities)2018-12-31$7,461,608
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$7,883,595
Assets. Value of participant loans2018-12-31$186,602
Total contributions received or receivable from employer(s)2018-12-31$324,007
Value of certain deemed distributions of participant loans2018-12-31$5,381
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$2,486
2017 : MUTUAL BANK 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$1,996,509
Expenses. Total of all expenses incurred2017-12-31$372,514
Benefits paid (including direct rollovers)2017-12-31$369,988
Total plan assets at end of year2017-12-31$7,883,595
Total plan assets at beginning of year2017-12-31$6,259,600
Value of fidelity bond covering the plan2017-12-31$3,000,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$416,278
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$163,580
Other income received2017-12-31$1,119,999
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$1,623,995
Net plan assets at end of year (total assets less liabilities)2017-12-31$7,883,595
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$6,259,600
Assets. Value of participant loans2017-12-31$223,935
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$296,652
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$2,526
2016 : MUTUAL BANK 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$1,281,927
Expenses. Total of all expenses incurred2016-12-31$179,427
Benefits paid (including direct rollovers)2016-12-31$176,646
Total plan assets at end of year2016-12-31$6,259,600
Total plan assets at beginning of year2016-12-31$5,157,100
Value of fidelity bond covering the plan2016-12-31$3,000,000
Total contributions received or receivable from participants2016-12-31$381,638
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$104,569
Other income received2016-12-31$506,297
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$1,102,500
Net plan assets at end of year (total assets less liabilities)2016-12-31$6,259,600
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$5,157,100
Assets. Value of participant loans2016-12-31$374,389
Total contributions received or receivable from employer(s)2016-12-31$289,423
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$2,781
2015 : MUTUAL BANK 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$1,415,753
Expenses. Total of all expenses incurred2015-12-31$136,762
Benefits paid (including direct rollovers)2015-12-31$134,037
Total plan assets at end of year2015-12-31$5,157,100
Total plan assets at beginning of year2015-12-31$3,878,109
Value of fidelity bond covering the plan2015-12-31$3,000,000
Total contributions received or receivable from participants2015-12-31$345,089
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$850,300
Other income received2015-12-31$-48,350
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$1,278,991
Net plan assets at end of year (total assets less liabilities)2015-12-31$5,157,100
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$3,878,109
Assets. Value of participant loans2015-12-31$321,215
Total contributions received or receivable from employer(s)2015-12-31$268,714
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$2,725
2014 : MUTUAL BANK 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$681,654
Expenses. Total of all expenses incurred2014-12-31$86,532
Benefits paid (including direct rollovers)2014-12-31$84,694
Total plan assets at end of year2014-12-31$3,878,109
Total plan assets at beginning of year2014-12-31$3,282,987
Value of fidelity bond covering the plan2014-12-31$3,000,000
Total contributions received or receivable from participants2014-12-31$311,267
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$205,134
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$595,122
Net plan assets at end of year (total assets less liabilities)2014-12-31$3,878,109
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$3,282,987
Assets. Value of participant loans2014-12-31$188,689
Total contributions received or receivable from employer(s)2014-12-31$165,253
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,838
2013 : MUTUAL BANK 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$980,102
Expenses. Total of all expenses incurred2013-12-31$50,888
Benefits paid (including direct rollovers)2013-12-31$49,594
Total plan assets at end of year2013-12-31$3,282,987
Total plan assets at beginning of year2013-12-31$2,353,773
Value of fidelity bond covering the plan2013-12-31$3,000,000
Total contributions received or receivable from participants2013-12-31$253,025
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$52,760
Other income received2013-12-31$453,796
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$929,214
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,282,987
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,353,773
Assets. Value of participant loans2013-12-31$232,625
Total contributions received or receivable from employer(s)2013-12-31$220,521
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$1,294
2012 : MUTUAL BANK 401(K) PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$2,025,137
Total income from all sources2012-12-31$340,975
Expenses. Total of all expenses incurred2012-12-31$12,339
Benefits paid (including direct rollovers)2012-12-31$12,039
Total plan assets at end of year2012-12-31$2,353,773
Total plan assets at beginning of year2012-12-31$0
Value of fidelity bond covering the plan2012-12-31$3,000,000
Total contributions received or receivable from participants2012-12-31$133,168
Contributions received from other sources (not participants or employers)2012-12-31$1
Other income received2012-12-31$134,594
Net income (gross income less expenses)2012-12-31$328,636
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,353,773
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$0
Assets. Value of participant loans2012-12-31$124,140
Total contributions received or receivable from employer(s)2012-12-31$73,212
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$300
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for MUTUAL BANK 401(K) PLAN

2018: MUTUAL BANK 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MUTUAL BANK 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MUTUAL BANK 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MUTUAL BANK 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MUTUAL BANK 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MUTUAL BANK 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MUTUAL BANK 401(K) PLAN 2012 form 5500 responses
2012-06-01Type of plan entitySingle employer plan
2012-06-01First time form 5500 has been submittedYes
2012-06-01Submission has been amendedNo
2012-06-01This submission is the final filingNo
2012-06-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-06-01Plan funding arrangement – TrustYes
2012-06-01Plan benefit arrangement - TrustYes

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