THE MERCHANTS BANK has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan THE MERCHANTS BANK PENSION PLAN
Measure | Date | Value |
---|
2017: THE MERCHANTS BANK PENSION PLAN 2017 401k membership |
---|
Market value of plan assets | 2017-05-12 | 13,988,732 |
Acturial value of plan assets | 2017-05-12 | 13,988,732 |
Funding target for retired participants and beneficiaries receiving payment | 2017-05-12 | 5,903,685 |
Number of terminated vested participants | 2017-05-12 | 95 |
Fundng target for terminated vested participants | 2017-05-12 | 2,458,907 |
Active participant vested funding target | 2017-05-12 | 455,144 |
Number of active participants | 2017-05-12 | 35 |
Total funding liabilities for active participants | 2017-05-12 | 455,144 |
Total participant count | 2017-05-12 | 299 |
Total funding target for all participants | 2017-05-12 | 8,817,736 |
Balance at beginning of prior year after applicable adjustments | 2017-05-12 | 1,168,955 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-05-12 | 0 |
Amount remaining of carryover balance | 2017-05-12 | 1,168,955 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-05-12 | 0 |
Balance of carryovers at beginning of current year | 2017-05-12 | 1,209,518 |
Balance of prefunding at beginning of current year | 2017-05-12 | 0 |
Total employer contributions | 2017-05-12 | 1,980,000 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-05-12 | 1,926,004 |
Remaining amount of unpaid minimum required contributions | 2017-05-12 | 0 |
Minimum required contributions for current year target normal cost | 2017-05-12 | 54,258 |
Contributions allocatedtoward minimum required contributions for current year | 2017-05-12 | 1,926,004 |
Unpaid minimum required contributions for current year | 2017-05-12 | 0 |
Total participants, beginning-of-year | 2017-01-01 | 299 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 0 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 0 |
Total of all active and inactive participants | 2017-01-01 | 0 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 0 |
Total participants | 2017-01-01 | 0 |
2016: THE MERCHANTS BANK PENSION PLAN 2016 401k membership |
---|
Market value of plan assets | 2016-12-31 | 14,164,110 |
Acturial value of plan assets | 2016-12-31 | 14,164,110 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 2,374,296 |
Number of terminated vested participants | 2016-12-31 | 106 |
Fundng target for terminated vested participants | 2016-12-31 | 2,968,669 |
Active participant vested funding target | 2016-12-31 | 457,215 |
Number of active participants | 2016-12-31 | 39 |
Total funding liabilities for active participants | 2016-12-31 | 457,215 |
Total participant count | 2016-12-31 | 306 |
Total funding target for all participants | 2016-12-31 | 5,800,180 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 1,215,762 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2016-12-31 | 0 |
Amount remaining of carryover balance | 2016-12-31 | 1,215,762 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 0 |
Balance of carryovers at beginning of current year | 2016-12-31 | 1,168,955 |
Balance of prefunding at beginning of current year | 2016-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2016-12-31 | 56,724 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Total participants, beginning-of-year | 2016-01-01 | 306 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-01-01 | 35 |
Number of retired or separated participants receiving benefits | 2016-01-01 | 156 |
Number of other retired or separated participants entitled to future benefits | 2016-01-01 | 95 |
Total of all active and inactive participants | 2016-01-01 | 286 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-01-01 | 13 |
Total participants | 2016-01-01 | 299 |
2015: THE MERCHANTS BANK PENSION PLAN 2015 401k membership |
---|
Total participants, beginning-of-year | 2015-01-01 | 317 |
Total number of active participants reported on line 7a of the Form 5500 | 2015-01-01 | 39 |
Number of retired or separated participants receiving benefits | 2015-01-01 | 150 |
Number of other retired or separated participants entitled to future benefits | 2015-01-01 | 106 |
Total of all active and inactive participants | 2015-01-01 | 295 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2015-01-01 | 11 |
Total participants | 2015-01-01 | 306 |
2014: THE MERCHANTS BANK PENSION PLAN 2014 401k membership |
---|
Total participants, beginning-of-year | 2014-01-01 | 329 |
Total number of active participants reported on line 7a of the Form 5500 | 2014-01-01 | 51 |
Number of retired or separated participants receiving benefits | 2014-01-01 | 139 |
Number of other retired or separated participants entitled to future benefits | 2014-01-01 | 115 |
Total of all active and inactive participants | 2014-01-01 | 305 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2014-01-01 | 12 |
Total participants | 2014-01-01 | 317 |
2013: THE MERCHANTS BANK PENSION PLAN 2013 401k membership |
---|
Total participants, beginning-of-year | 2013-01-01 | 334 |
Total number of active participants reported on line 7a of the Form 5500 | 2013-01-01 | 59 |
Number of retired or separated participants receiving benefits | 2013-01-01 | 139 |
Number of other retired or separated participants entitled to future benefits | 2013-01-01 | 121 |
Total of all active and inactive participants | 2013-01-01 | 319 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2013-01-01 | 10 |
Total participants | 2013-01-01 | 329 |
2012: THE MERCHANTS BANK PENSION PLAN 2012 401k membership |
---|
Total participants, beginning-of-year | 2012-01-01 | 338 |
Total number of active participants reported on line 7a of the Form 5500 | 2012-01-01 | 62 |
Number of retired or separated participants receiving benefits | 2012-01-01 | 136 |
Number of other retired or separated participants entitled to future benefits | 2012-01-01 | 127 |
Total of all active and inactive participants | 2012-01-01 | 325 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2012-01-01 | 9 |
Total participants | 2012-01-01 | 334 |
2011: THE MERCHANTS BANK PENSION PLAN 2011 401k membership |
---|
Total participants, beginning-of-year | 2011-01-01 | 340 |
Total number of active participants reported on line 7a of the Form 5500 | 2011-01-01 | 64 |
Number of retired or separated participants receiving benefits | 2011-01-01 | 130 |
Number of other retired or separated participants entitled to future benefits | 2011-01-01 | 135 |
Total of all active and inactive participants | 2011-01-01 | 329 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2011-01-01 | 9 |
Total participants | 2011-01-01 | 338 |
2009: THE MERCHANTS BANK PENSION PLAN 2009 401k membership |
---|
Total participants, beginning-of-year | 2009-01-01 | 355 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 67 |
Number of retired or separated participants receiving benefits | 2009-01-01 | 127 |
Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 144 |
Total of all active and inactive participants | 2009-01-01 | 338 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 8 |
Total participants | 2009-01-01 | 346 |
Measure | Date | Value |
---|
2017 : THE MERCHANTS BANK PENSION PLAN 2017 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2017-05-12 | $207,341 |
Total unrealized appreciation/depreciation of assets | 2017-05-12 | $207,341 |
Total transfer of assets from this plan | 2017-05-12 | $16,050,309 |
Total income from all sources (including contributions) | 2017-05-12 | $2,348,693 |
Total of all expenses incurred | 2017-05-12 | $277,597 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-05-12 | $258,687 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-05-12 | $1,980,000 |
Value of total assets at end of year | 2017-05-12 | $0 |
Value of total assets at beginning of year | 2017-05-12 | $13,979,213 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-05-12 | $18,910 |
Total interest from all sources | 2017-05-12 | $297 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-05-12 | $161,055 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-05-12 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2017-05-12 | $161,055 |
Administrative expenses professional fees incurred | 2017-05-12 | $18,910 |
Was this plan covered by a fidelity bond | 2017-05-12 | No |
If this is an individual account plan, was there a blackout period | 2017-05-12 | No |
Were there any nonexempt tranactions with any party-in-interest | 2017-05-12 | No |
Total non interest bearing cash at end of year | 2017-05-12 | $0 |
Total non interest bearing cash at beginning of year | 2017-05-12 | $9,771 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-05-12 | No |
Value of net income/loss | 2017-05-12 | $2,071,096 |
Value of net assets at end of year (total assets less liabilities) | 2017-05-12 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-05-12 | $13,979,213 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-05-12 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-05-12 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-05-12 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2017-05-12 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-05-12 | $13,969,442 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-05-12 | $297 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-05-12 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-05-12 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-05-12 | No |
Contributions received in cash from employer | 2017-05-12 | $1,980,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-05-12 | $258,687 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2017-05-12 | No |
Did the plan have assets held for investment | 2017-05-12 | 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 | 2017-05-12 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-05-12 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-05-12 | No |
Opinion of an independent qualified public accountant for this plan | 2017-05-12 | Unqualified |
Accountancy firm name | 2017-05-12 | MCSOLEY MCCOY & CO |
Accountancy firm EIN | 2017-05-12 | 030327374 |
2016 : THE MERCHANTS BANK PENSION PLAN 2016 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2016-12-31 | $58,055 |
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $58,055 |
Total income from all sources (including contributions) | 2016-12-31 | $477,508 |
Total of all expenses incurred | 2016-12-31 | $654,921 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $600,664 |
Value of total assets at end of year | 2016-12-31 | $13,979,213 |
Value of total assets at beginning of year | 2016-12-31 | $14,156,626 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $54,257 |
Total interest from all sources | 2016-12-31 | $573 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $418,880 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $418,880 |
Administrative expenses professional fees incurred | 2016-12-31 | $54,257 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Total non interest bearing cash at end of year | 2016-12-31 | $9,771 |
Total non interest bearing cash at beginning of year | 2016-12-31 | $4,169 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $-177,413 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $13,979,213 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $14,156,626 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2016-12-31 | $13,969,442 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $13,749,398 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $403,059 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $403,059 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $573 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $600,664 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2016-12-31 | No |
Did the plan have assets held for investment | 2016-12-31 | Yes |
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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Unqualified |
Accountancy firm name | 2016-12-31 | MCSOLEY MCCOY & CO |
Accountancy firm EIN | 2016-12-31 | 030327374 |
2015 : THE MERCHANTS BANK PENSION PLAN 2015 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2015-12-31 | $-981,563 |
Total unrealized appreciation/depreciation of assets | 2015-12-31 | $-981,563 |
Total income from all sources (including contributions) | 2015-12-31 | $-583,124 |
Total of all expenses incurred | 2015-12-31 | $611,294 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $554,570 |
Value of total assets at end of year | 2015-12-31 | $14,156,626 |
Value of total assets at beginning of year | 2015-12-31 | $15,351,044 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $56,724 |
Total interest from all sources | 2015-12-31 | $373 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $398,066 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $394,368 |
Administrative expenses professional fees incurred | 2015-12-31 | $56,724 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Total non interest bearing cash at end of year | 2015-12-31 | $4,169 |
Total non interest bearing cash at beginning of year | 2015-12-31 | $6,967 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-1,194,418 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $14,156,626 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $15,351,044 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $13,749,398 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $14,654,418 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $403,059 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $689,659 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $689,659 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $373 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Income. Dividends from common stock | 2015-12-31 | $3,698 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $554,570 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2015-12-31 | No |
Did the plan have assets held for investment | 2015-12-31 | Yes |
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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Unqualified |
Accountancy firm name | 2015-12-31 | MCSOLEY MCCOY & CO |
Accountancy firm EIN | 2015-12-31 | 030327374 |
2014 : THE MERCHANTS BANK PENSION PLAN 2014 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2014-12-31 | $163,368 |
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $163,368 |
Total income from all sources (including contributions) | 2014-12-31 | $490,042 |
Total of all expenses incurred | 2014-12-31 | $584,181 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $532,741 |
Value of total assets at end of year | 2014-12-31 | $15,351,044 |
Value of total assets at beginning of year | 2014-12-31 | $15,445,183 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $51,440 |
Total interest from all sources | 2014-12-31 | $289 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $362,635 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $354,067 |
Administrative expenses professional fees incurred | 2014-12-31 | $51,440 |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Total non interest bearing cash at end of year | 2014-12-31 | $6,967 |
Total non interest bearing cash at beginning of year | 2014-12-31 | $30,989 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $-94,139 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $15,351,044 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $15,445,183 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $14,654,418 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $14,723,518 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $689,659 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $434,401 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $434,401 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-12-31 | $289 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $-36,250 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Income. Dividends from common stock | 2014-12-31 | $8,568 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $532,741 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2014-12-31 | No |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2014-12-31 | $256,275 |
Did the plan have assets held for investment | 2014-12-31 | 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 | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Unqualified |
Accountancy firm name | 2014-12-31 | MCSOLEY MCCOY AND CO |
Accountancy firm EIN | 2014-12-31 | 030327374 |
2013 : THE MERCHANTS BANK PENSION PLAN 2013 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2013-12-31 | $51,484 |
Total unrealized appreciation/depreciation of assets | 2013-12-31 | $51,484 |
Total income from all sources (including contributions) | 2013-12-31 | $1,568,681 |
Total of all expenses incurred | 2013-12-31 | $535,202 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $492,844 |
Value of total assets at end of year | 2013-12-31 | $15,445,183 |
Value of total assets at beginning of year | 2013-12-31 | $14,411,704 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $42,358 |
Total interest from all sources | 2013-12-31 | $307 |
Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $383,904 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $375,336 |
Administrative expenses professional fees incurred | 2013-12-31 | $42,358 |
Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
Value of fidelity bond cover | 2013-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
Other income not declared elsewhere | 2013-12-31 | $52 |
Total non interest bearing cash at end of year | 2013-12-31 | $30,989 |
Total non interest bearing cash at beginning of year | 2013-12-31 | $395 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
Value of net income/loss | 2013-12-31 | $1,033,479 |
Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $15,445,183 |
Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $14,411,704 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $14,723,518 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $8,905,697 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $434,401 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $5,300,821 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $5,300,821 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-12-31 | $307 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $1,132,934 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
Income. Dividends from common stock | 2013-12-31 | $8,568 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $492,844 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2013-12-31 | No |
Assets. Corporate common stocks other than exployer securities at end of year | 2013-12-31 | $256,275 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2013-12-31 | $204,791 |
Did the plan have assets held for investment | 2013-12-31 | Yes |
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 | 2013-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Unqualified |
Accountancy firm name | 2013-12-31 | MCSOLEY MCCOY & CO. |
Accountancy firm EIN | 2013-12-31 | 030327374 |
2012 : THE MERCHANTS BANK PENSION PLAN 2012 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2012-12-31 | $-18,589 |
Total unrealized appreciation/depreciation of assets | 2012-12-31 | $-18,589 |
Total income from all sources (including contributions) | 2012-12-31 | $6,131,857 |
Total of all expenses incurred | 2012-12-31 | $526,458 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $475,636 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $5,000,000 |
Value of total assets at end of year | 2012-12-31 | $14,411,704 |
Value of total assets at beginning of year | 2012-12-31 | $8,806,305 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $50,822 |
Total interest from all sources | 2012-12-31 | $259 |
Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $280,733 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $272,165 |
Administrative expenses professional fees incurred | 2012-12-31 | $50,822 |
Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
Value of fidelity bond cover | 2012-12-31 | $15,000,000 |
If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
Total non interest bearing cash at end of year | 2012-12-31 | $395 |
Total non interest bearing cash at beginning of year | 2012-12-31 | $13,313 |
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 | $5,605,399 |
Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $14,411,704 |
Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $8,806,305 |
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 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $8,905,697 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $8,311,731 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $5,300,821 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $257,881 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $257,881 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $259 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $869,454 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | Yes |
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 | $5,000,000 |
Income. Dividends from common stock | 2012-12-31 | $8,568 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $475,636 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2012-12-31 | No |
Assets. Corporate common stocks other than exployer securities at end of year | 2012-12-31 | $204,791 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2012-12-31 | $223,380 |
Did the plan have assets held for investment | 2012-12-31 | Yes |
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 | MCSOLEY MCCOY & CO. |
Accountancy firm EIN | 2012-12-31 | 030327374 |
2011 : THE MERCHANTS BANK PENSION PLAN 2011 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2011-12-31 | $12,546 |
Total unrealized appreciation/depreciation of assets | 2011-12-31 | $12,546 |
Total income from all sources (including contributions) | 2011-12-31 | $-69,849 |
Total of all expenses incurred | 2011-12-31 | $528,383 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $480,153 |
Value of total assets at end of year | 2011-12-31 | $8,806,305 |
Value of total assets at beginning of year | 2011-12-31 | $9,404,537 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $48,230 |
Total interest from all sources | 2011-12-31 | $219 |
Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $287,372 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $278,804 |
Administrative expenses professional fees incurred | 2011-12-31 | $48,230 |
Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
Value of fidelity bond cover | 2011-12-31 | $4,000,000 |
If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
Total non interest bearing cash at end of year | 2011-12-31 | $13,313 |
Total non interest bearing cash at beginning of year | 2011-12-31 | $25,966 |
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 | $-598,232 |
Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $8,806,305 |
Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $9,404,537 |
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 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $8,311,731 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $8,971,977 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $257,881 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $195,760 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $195,760 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $219 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-369,986 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | Yes |
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 |
Income. Dividends from common stock | 2011-12-31 | $8,568 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $480,153 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2011-12-31 | No |
Assets. Corporate common stocks other than exployer securities at end of year | 2011-12-31 | $223,380 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2011-12-31 | $210,834 |
Did the plan have assets held for investment | 2011-12-31 | Yes |
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 | MCSOLEY MCCOY & CO |
Accountancy firm EIN | 2011-12-31 | 030327374 |
2010 : THE MERCHANTS BANK PENSION PLAN 2010 401k financial data |
---|
Unrealized appreciation/depreciation of other (non real estate) assets | 2010-12-31 | $37,638 |
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $37,638 |
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 | $6,302 |
Total income from all sources (including contributions) | 2010-12-31 | $1,112,677 |
Total of all expenses incurred | 2010-12-31 | $510,421 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $466,101 |
Value of total assets at end of year | 2010-12-31 | $9,404,537 |
Value of total assets at beginning of year | 2010-12-31 | $8,808,583 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $44,320 |
Total interest from all sources | 2010-12-31 | $214 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $355,785 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $347,217 |
Administrative expenses professional fees incurred | 2010-12-31 | $44,320 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $4,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Liabilities. Value of operating payables at end of year | 2010-12-31 | $0 |
Liabilities. Value of operating payables at beginning of year | 2010-12-31 | $6,302 |
Total non interest bearing cash at end of year | 2010-12-31 | $25,966 |
Total non interest bearing cash at beginning of year | 2010-12-31 | $19,571 |
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 | $602,256 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $9,404,537 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $8,802,281 |
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 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $8,971,977 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $8,260,746 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $195,760 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $355,070 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $355,070 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $214 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $719,040 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | Yes |
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 |
Income. Dividends from common stock | 2010-12-31 | $8,568 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $466,101 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2010-12-31 | No |
Assets. Corporate common stocks other than exployer securities at end of year | 2010-12-31 | $210,834 |
Assets. Corporate common stocks other than exployer securities at beginning of year | 2010-12-31 | $173,196 |
Did the plan have assets held for investment | 2010-12-31 | Yes |
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 | MCSOLEY MCCOY & CO |
Accountancy firm EIN | 2010-12-31 | 030327374 |