MERCHANTS & FARMERS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MERCHANTS & FARMERS BANK EMPLOYEE MEDICAL BENEFITS PLAN
| Measure | Date | Value |
|---|
| 2012 : MERCHANTS & FARMERS BANK EMPLOYEE MEDICAL BENEFITS PLAN 2012 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $123,708 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2012-12-31 | $254,941 |
| Total income from all sources (including contributions) | 2012-12-31 | $2,294,495 |
| Total of all expenses incurred | 2012-12-31 | $2,162,735 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $1,620,381 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $2,294,495 |
| Value of total assets at end of year | 2012-12-31 | $527 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $542,354 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $5,000,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $1,192,518 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2012-12-31 | $527 |
| Administrative expenses (other) incurred | 2012-12-31 | $400,785 |
| Liabilities. Value of operating payables at end of year | 2012-12-31 | $26 |
| Liabilities. Value of operating payables at beginning of year | 2012-12-31 | $496 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Value of net income/loss | 2012-12-31 | $131,760 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $-123,181 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $-254,941 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Contributions received in cash from employer | 2012-12-31 | $1,101,977 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $1,620,381 |
| Contract administrator fees | 2012-12-31 | $141,569 |
| Liabilities. Value of benefit claims payable at end of year | 2012-12-31 | $123,682 |
| Liabilities. Value of benefit claims payable at beginning of year | 2012-12-31 | $254,445 |
| Did the plan have assets held for investment | 2012-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Unqualified |
| Accountancy firm name | 2012-12-31 | WILSON & BIGGS PLLC |
| Accountancy firm EIN | 2012-12-31 | 640751580 |
| 2011 : MERCHANTS & FARMERS BANK EMPLOYEE MEDICAL BENEFITS PLAN 2011 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $254,941 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2011-12-31 | $174,395 |
| Total income from all sources (including contributions) | 2011-12-31 | $3,287,837 |
| Total of all expenses incurred | 2011-12-31 | $3,368,383 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $2,777,837 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $3,287,837 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $590,546 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $1,220,164 |
| Administrative expenses (other) incurred | 2011-12-31 | $438,993 |
| Liabilities. Value of operating payables at end of year | 2011-12-31 | $496 |
| Liabilities. Value of operating payables at beginning of year | 2011-12-31 | $75 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $-80,546 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $-254,941 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $-174,395 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Contributions received in cash from employer | 2011-12-31 | $2,067,673 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $2,777,837 |
| Contract administrator fees | 2011-12-31 | $151,553 |
| Liabilities. Value of benefit claims payable at end of year | 2011-12-31 | $254,445 |
| Liabilities. Value of benefit claims payable at beginning of year | 2011-12-31 | $174,320 |
| Did the plan have assets held for investment | 2011-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Unqualified |
| Accountancy firm name | 2011-12-31 | WILSON & BIGGS PLLC |
| Accountancy firm EIN | 2011-12-31 | 640751580 |
| 2010 : MERCHANTS & FARMERS BANK EMPLOYEE MEDICAL BENEFITS PLAN 2010 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $174,395 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $407,070 |
| Total income from all sources (including contributions) | 2010-12-31 | $3,102,572 |
| Total of all expenses incurred | 2010-12-31 | $2,869,897 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $2,442,921 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $3,102,572 |
| Value of total assets at end of year | 2010-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $426,976 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $10,000,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $1,131,758 |
| Administrative expenses (other) incurred | 2010-12-31 | $274,582 |
| Liabilities. Value of operating payables at end of year | 2010-12-31 | $75 |
| Liabilities. Value of operating payables at beginning of year | 2010-12-31 | $2,581 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $232,675 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $-174,395 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $-407,070 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Contributions received in cash from employer | 2010-12-31 | $1,970,814 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $2,442,921 |
| Contract administrator fees | 2010-12-31 | $152,394 |
| Liabilities. Value of benefit claims payable at end of year | 2010-12-31 | $174,320 |
| Liabilities. Value of benefit claims payable at beginning of year | 2010-12-31 | $404,489 |
| Did the plan have assets held for investment | 2010-12-31 | No |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Unqualified |
| Accountancy firm name | 2010-12-31 | WILSON & BIGGS PLLC |
| Accountancy firm EIN | 2010-12-31 | 640751580 |
