MICHIGAN BANKERS ASSOCIATION has sponsored the creation of one or more 401k plans.
| Measure | Date | Value |
|---|
| 2017 : MIBANKHEALTH PLAN 2017 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $1,998,934 |
| Total income from all sources (including contributions) | 2017-12-31 | $1,220,149 |
| Total of all expenses incurred | 2017-12-31 | $89,233 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $13,927 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $1,218,749 |
| Value of total assets at end of year | 2017-12-31 | $0 |
| Value of total assets at beginning of year | 2017-12-31 | $868,018 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $75,306 |
| Total interest from all sources | 2017-12-31 | $1,400 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | Yes |
| Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2017-12-31 | $0 |
| Administrative expenses professional fees incurred | 2017-12-31 | $47,524 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
| Administrative expenses (other) incurred | 2017-12-31 | $27,782 |
| Liabilities. Value of operating payables at end of year | 2017-12-31 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2017-12-31 | $1,919,037 |
| Total non interest bearing cash at end of year | 2017-12-31 | $0 |
| Total non interest bearing cash at beginning of year | 2017-12-31 | $783,282 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
| Value of net income/loss | 2017-12-31 | $1,130,916 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $0 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $-1,130,916 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
| Income. Interest from US Government securities | 2017-12-31 | $1,400 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
| Contributions received in cash from employer | 2017-12-31 | $1,218,749 |
| Employer contributions (assets) at end of year | 2017-12-31 | $0 |
| Employer contributions (assets) at beginning of year | 2017-12-31 | $84,736 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $13,927 |
| 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 | 2017-12-31 | No |
| Liabilities. Value of benefit claims payable at end of year | 2017-12-31 | $0 |
| Liabilities. Value of benefit claims payable at beginning of year | 2017-12-31 | $79,897 |
| Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | Yes |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Unqualified |
| Accountancy firm name | 2017-12-31 | MANER COSTERISAN, P.C. |
| Accountancy firm EIN | 2017-12-31 | 382157642 |
| 2016 : MIBANKHEALTH PLAN 2016 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2016-12-31 | $8,453 |
| Total unrealized appreciation/depreciation of assets | 2016-12-31 | $8,453 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $1,998,934 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $2,854,907 |
| Total income from all sources (including contributions) | 2016-12-31 | $1,557,991 |
| Total of all expenses incurred | 2016-12-31 | $1,228,162 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $989,872 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $1,543,465 |
| Value of total assets at end of year | 2016-12-31 | $868,018 |
| Value of total assets at beginning of year | 2016-12-31 | $1,394,162 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $238,290 |
| Total interest from all sources | 2016-12-31 | $6,073 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Administrative expenses professional fees incurred | 2016-12-31 | $112,434 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $1,000,000 |
| 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 |
| Administrative expenses (other) incurred | 2016-12-31 | $38,675 |
| Liabilities. Value of operating payables at end of year | 2016-12-31 | $1,919,037 |
| Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $2,089,524 |
| Total non interest bearing cash at end of year | 2016-12-31 | $783,282 |
| Total non interest bearing cash at beginning of year | 2016-12-31 | $1,292,259 |
| 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 | $329,829 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $-1,130,916 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $-1,460,745 |
| 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 |
| Income. Interest from US Government securities | 2016-12-31 | $6,073 |
| 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 |
| Contributions received in cash from employer | 2016-12-31 | $1,543,465 |
| Employer contributions (assets) at end of year | 2016-12-31 | $84,736 |
| Employer contributions (assets) at beginning of year | 2016-12-31 | $101,903 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $989,872 |
| Contract administrator fees | 2016-12-31 | $87,181 |
| 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 |
| Liabilities. Value of benefit claims payable at end of year | 2016-12-31 | $79,897 |
| Liabilities. Value of benefit claims payable at beginning of year | 2016-12-31 | $765,383 |
| 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 | MANER COSTERISAN, P.C. |
| Accountancy firm EIN | 2016-12-31 | 382157642 |
| 2015 : MIBANKHEALTH PLAN 2015 401k financial data |
|---|
| Unrealized appreciation/depreciation of other (non real estate) assets | 2015-12-31 | $-2,781 |
| Total unrealized appreciation/depreciation of assets | 2015-12-31 | $-2,781 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $2,854,907 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-12-31 | $2,421,448 |
| Total income from all sources (including contributions) | 2015-12-31 | $1,882,535 |
| Total of all expenses incurred | 2015-12-31 | $2,865,269 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $2,472,189 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $1,879,204 |
| Value of total assets at end of year | 2015-12-31 | $1,394,162 |
| Value of total assets at beginning of year | 2015-12-31 | $1,943,437 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $393,080 |
| Total interest from all sources | 2015-12-31 | $6,112 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
| Administrative expenses professional fees incurred | 2015-12-31 | $126,139 |
| Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
| Value of fidelity bond cover | 2015-12-31 | $1,000,000 |
| 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 |
| Administrative expenses (other) incurred | 2015-12-31 | $78,616 |
| Liabilities. Value of operating payables at end of year | 2015-12-31 | $2,089,524 |
| Liabilities. Value of operating payables at beginning of year | 2015-12-31 | $2,117,770 |
| Total non interest bearing cash at end of year | 2015-12-31 | $1,292,259 |
| Total non interest bearing cash at beginning of year | 2015-12-31 | $1,508,754 |
| 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 | $-982,734 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $-1,460,745 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $-478,011 |
| 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 |
| Income. Interest from US Government securities | 2015-12-31 | $6,112 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | Yes |
| 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 |
| Contributions received in cash from employer | 2015-12-31 | $1,879,204 |
| Employer contributions (assets) at end of year | 2015-12-31 | $101,903 |
| Employer contributions (assets) at beginning of year | 2015-12-31 | $434,683 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $2,472,189 |
| Contract administrator fees | 2015-12-31 | $188,325 |
| 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 |
| Liabilities. Value of benefit claims payable at end of year | 2015-12-31 | $765,383 |
| Liabilities. Value of benefit claims payable at beginning of year | 2015-12-31 | $303,678 |
| 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 | MANER COSTERISAN, P.C. |
| Accountancy firm EIN | 2015-12-31 | 382157642 |
| Unrealized appreciation/depreciation of other (non real estate) assets | 2015-06-30 | $-438 |
| Total unrealized appreciation/depreciation of assets | 2015-06-30 | $-438 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2015-06-30 | $2,421,448 |
| Total income from all sources (including contributions) | 2015-06-30 | $2,792,987 |
| Total of all expenses incurred | 2015-06-30 | $3,270,998 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-06-30 | $2,747,117 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-06-30 | $2,789,906 |
| Value of total assets at end of year | 2015-06-30 | $1,943,437 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-06-30 | $523,881 |
| Total interest from all sources | 2015-06-30 | $3,519 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-06-30 | No |
| Administrative expenses professional fees incurred | 2015-06-30 | $194,032 |
| Was this plan covered by a fidelity bond | 2015-06-30 | Yes |
| Value of fidelity bond cover | 2015-06-30 | $2,000,000 |
| If this is an individual account plan, was there a blackout period | 2015-06-30 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2015-06-30 | No |
| Administrative expenses (other) incurred | 2015-06-30 | $41,846 |
| Liabilities. Value of operating payables at end of year | 2015-06-30 | $2,117,770 |
| Total non interest bearing cash at end of year | 2015-06-30 | $1,508,754 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-06-30 | No |
| Value of net income/loss | 2015-06-30 | $-478,011 |
| Value of net assets at end of year (total assets less liabilities) | 2015-06-30 | $-478,011 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-06-30 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-06-30 | No |
| Were any leases to which the plan was party in default or uncollectible | 2015-06-30 | No |
| Income. Interest from US Government securities | 2015-06-30 | $3,519 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-06-30 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2015-06-30 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-06-30 | No |
| Contributions received in cash from employer | 2015-06-30 | $2,789,906 |
| Employer contributions (assets) at end of year | 2015-06-30 | $434,683 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-06-30 | $2,747,117 |
| Contract administrator fees | 2015-06-30 | $288,003 |
| 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 | 2015-06-30 | No |
| Liabilities. Value of benefit claims payable at end of year | 2015-06-30 | $303,678 |
| Did the plan have assets held for investment | 2015-06-30 | 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 | 2015-06-30 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-06-30 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-06-30 | No |
| Opinion of an independent qualified public accountant for this plan | 2015-06-30 | Unqualified |
| Accountancy firm name | 2015-06-30 | MANER COSTERISAN, P.C. |
| Accountancy firm EIN | 2015-06-30 | 382157642 |
