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THE MARSHALL BANKFIRST RETIREMENT PLAN 401k Plan overview

Plan NameTHE MARSHALL BANKFIRST RETIREMENT PLAN
Plan identification number 001

THE MARSHALL BANKFIRST RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.
  • 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

MARSHALL BANKFIRST CORPORATION C/O MFG, INC. has sponsored the creation of one or more 401k plans.

Company Name:MARSHALL BANKFIRST CORPORATION C/O MFG, INC.
Employer identification number (EIN):270016625

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE MARSHALL BANKFIRST RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012009-01-01DENNIS MATHISEN DENNIS MATHISEN2010-10-15

Financial Data on THE MARSHALL BANKFIRST RETIREMENT PLAN

Measure Date Value
2010 : THE MARSHALL BANKFIRST RETIREMENT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$246,153
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$5,391,676
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$5,367,797
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$6,591
Value of total assets at end of year2010-12-31$2,132,168
Value of total assets at beginning of year2010-12-31$7,277,691
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$23,879
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$40,137
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2010-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$40,137
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$1,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$5,578
Participant contributions at beginning of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$1,399
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Administrative expenses (other) incurred2010-12-31$23,879
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-5,145,523
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,132,168
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,277,691
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$2,001,159
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$6,413,993
Value of interest in common/collective trusts at end of year2010-12-31$130,949
Value of interest in common/collective trusts at beginning of year2010-12-31$861,594
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$60
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$153
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$153
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$181,728
Net investment gain or loss from common/collective trusts2010-12-31$17,697
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$1,013
Employer contributions (assets) at beginning of year2010-12-31$552
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$5,367,797
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No

Form 5500 Responses for THE MARSHALL BANKFIRST RETIREMENT PLAN

2009: THE MARSHALL BANKFIRST RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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