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MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 401k Plan overview

Plan NameMERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN
Plan identification number 002

MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

MERCHANTS FINANCIAL GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:MERCHANTS FINANCIAL GROUP, INC.
Employer identification number (EIN):411504721
NAIC Classification:551111
NAIC Description:Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01SUSAN M. SAVAT
0022016-01-01SUSAN M. SAVAT
0022015-01-01SUSAN M. SAVAT
0022014-01-01SUSAN M. SAVAT
0022013-01-01SUSAN M. SAVAT
0022012-01-01SUE M. SAVAT SUE M. SAVAT2013-10-14
0022011-01-01SUE M. SAVAT SUE M. SAVAT2012-10-15
0022009-01-01SUSAN M. SAVAT SUSAN M. SAVAT2010-10-06

Plan Statistics for MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN

401k plan membership statisitcs for MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN

Measure Date Value
2022: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01640
Total number of active participants reported on line 7a of the Form 55002022-01-01451
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01197
Total of all active and inactive participants2022-01-01648
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01649
Number of participants with account balances2022-01-01599
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01653
Total number of active participants reported on line 7a of the Form 55002021-01-01452
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01186
Total of all active and inactive participants2021-01-01638
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-012
Total participants2021-01-01640
Number of participants with account balances2021-01-01590
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01627
Total number of active participants reported on line 7a of the Form 55002020-01-01475
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01177
Total of all active and inactive participants2020-01-01652
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01653
Number of participants with account balances2020-01-01597
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01574
Total number of active participants reported on line 7a of the Form 55002019-01-01488
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01138
Total of all active and inactive participants2019-01-01626
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01627
Number of participants with account balances2019-01-01562
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01534
Total number of active participants reported on line 7a of the Form 55002018-01-01448
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01125
Total of all active and inactive participants2018-01-01573
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01574
Number of participants with account balances2018-01-01503
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01530
Total number of active participants reported on line 7a of the Form 55002017-01-01437
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0197
Total of all active and inactive participants2017-01-01534
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01534
Number of participants with account balances2017-01-01465
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01534
Total number of active participants reported on line 7a of the Form 55002016-01-01440
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0190
Total of all active and inactive participants2016-01-01530
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01530
Number of participants with account balances2016-01-01423
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01514
Total number of active participants reported on line 7a of the Form 55002015-01-01450
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0184
Total of all active and inactive participants2015-01-01534
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01534
Number of participants with account balances2015-01-01386
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01505
Total number of active participants reported on line 7a of the Form 55002014-01-01437
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0177
Total of all active and inactive participants2014-01-01514
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01514
Number of participants with account balances2014-01-01365
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01488
Total number of active participants reported on line 7a of the Form 55002013-01-01438
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0166
Total of all active and inactive participants2013-01-01504
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-01505
Number of participants with account balances2013-01-01347
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01468
Total number of active participants reported on line 7a of the Form 55002012-01-01424
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0164
Total of all active and inactive participants2012-01-01488
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01488
Number of participants with account balances2012-01-01334
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01448
Total number of active participants reported on line 7a of the Form 55002011-01-01410
Number of retired or separated participants receiving benefits2011-01-015
Number of other retired or separated participants entitled to future benefits2011-01-0153
Total of all active and inactive participants2011-01-01468
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01468
Number of participants with account balances2011-01-01326
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01439
Total number of active participants reported on line 7a of the Form 55002009-01-01393
Number of retired or separated participants receiving benefits2009-01-015
Number of other retired or separated participants entitled to future benefits2009-01-0146
Total of all active and inactive participants2009-01-01444
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01444
Number of participants with account balances2009-01-01310
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN

Measure Date Value
2022 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total transfer of assets to this plan2022-12-31$2,789,389
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$1,261
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$39,185
Total income from all sources (including contributions)2022-12-31$-7,934,100
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$5,812,941
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$5,796,595
Value of total corrective distributions2022-12-31$7,526
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,640,430
Value of total assets at end of year2022-12-31$51,166,994
Value of total assets at beginning of year2022-12-31$62,162,570
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$8,820
Total interest from all sources2022-12-31$22,986
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,502,228
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$2,502,228
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,377,319
Participant contributions at end of year2022-12-31$318,353
Participant contributions at beginning of year2022-12-31$351,355
Participant contributions at end of year2022-12-31$53,804
Participant contributions at beginning of year2022-12-31$83,146
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$129,185
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$1,261
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Administrative expenses (other) incurred2022-12-31$8,820
Total non interest bearing cash at end of year2022-12-31$78,128
Total non interest bearing cash at beginning of year2022-12-31$1,016
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-13,747,041
Value of net assets at end of year (total assets less liabilities)2022-12-31$51,165,733
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$62,123,385
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$49,100,229
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$60,408,367
Interest on participant loans2022-12-31$13,806
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$1,588,561
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$1,290,527
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$1,290,527
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$9,180
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-13,099,744
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$133,926
Employer contributions (assets) at end of year2022-12-31$27,919
Employer contributions (assets) at beginning of year2022-12-31$28,159
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$5,796,595
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$39,185
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31RSM US LLP
Accountancy firm EIN2022-12-31420714325
2021 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total transfer of assets to this plan2021-12-31$1,302,696
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$39,185
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$54,417
Total income from all sources (including contributions)2021-12-31$11,191,615
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$3,445,785
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$3,402,369
Value of total corrective distributions2021-12-31$42,884
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$3,082,508
Value of total assets at end of year2021-12-31$62,162,570
Value of total assets at beginning of year2021-12-31$53,129,276
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$532
Total interest from all sources2021-12-31$10,187
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,652,445
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$2,652,445
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,517,250
Participant contributions at end of year2021-12-31$351,355
Participant contributions at beginning of year2021-12-31$286,780
Participant contributions at end of year2021-12-31$83,146
Participant contributions at beginning of year2021-12-31$58,219
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$426,057
Administrative expenses (other) incurred2021-12-31$532
Total non interest bearing cash at end of year2021-12-31$1,016
Total non interest bearing cash at beginning of year2021-12-31$367,238
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$7,745,830
Value of net assets at end of year (total assets less liabilities)2021-12-31$62,123,385
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$53,074,859
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$60,408,367
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$50,965,255
Interest on participant loans2021-12-31$9,476
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$1,290,527
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$1,428,310
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$1,428,310
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$711
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$5,446,475
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$139,201
Employer contributions (assets) at end of year2021-12-31$28,159
Employer contributions (assets) at beginning of year2021-12-31$23,474
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$3,402,369
Liabilities. Value of benefit claims payable at end of year2021-12-31$39,185
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$54,417
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31RSM US LLP
Accountancy firm EIN2021-12-31420714325
2020 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$2,697,510
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$54,417
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$48,163
Total income from all sources (including contributions)2020-12-31$10,220,118
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$4,092,110
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$4,031,716
Value of total corrective distributions2020-12-31$59,349
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,720,452
Value of total assets at end of year2020-12-31$53,129,276
Value of total assets at beginning of year2020-12-31$44,297,504
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$1,045
Total interest from all sources2020-12-31$13,153
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,492,658
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,492,658
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,368,825
Participant contributions at end of year2020-12-31$286,780
Participant contributions at beginning of year2020-12-31$242,987
Participant contributions at end of year2020-12-31$58,219
Participant contributions at beginning of year2020-12-31$92,605
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$244,664
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$2,931
Administrative expenses (other) incurred2020-12-31$1,045
Total non interest bearing cash at end of year2020-12-31$367,238
Total non interest bearing cash at beginning of year2020-12-31$83,229
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$6,128,008
Value of net assets at end of year (total assets less liabilities)2020-12-31$53,074,859
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$44,249,341
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$50,965,255
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$42,229,658
Interest on participant loans2020-12-31$12,337
Value of interest in common/collective trusts at end of year2020-12-31$0
Value of interest in common/collective trusts at beginning of year2020-12-31$1,535,282
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$1,428,310
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$48,171
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$48,171
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$816
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$5,972,896
Net investment gain or loss from common/collective trusts2020-12-31$20,959
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$106,963
Employer contributions (assets) at end of year2020-12-31$23,474
Employer contributions (assets) at beginning of year2020-12-31$62,641
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$4,031,716
Liabilities. Value of benefit claims payable at end of year2020-12-31$54,417
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$48,163
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31RSM US LLP
Accountancy firm EIN2020-12-31420714325
2019 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$278,344
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$48,163
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$69,671
Total income from all sources (including contributions)2019-12-31$12,220,817
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,456,617
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,409,926
Value of total corrective distributions2019-12-31$45,642
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$4,418,595
Value of total assets at end of year2019-12-31$44,297,504
Value of total assets at beginning of year2019-12-31$33,276,468
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$1,049
Total interest from all sources2019-12-31$12,915
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,417,426
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,417,426
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$2,118,582
Participant contributions at end of year2019-12-31$242,987
Participant contributions at beginning of year2019-12-31$233,961
Participant contributions at end of year2019-12-31$92,605
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$2,117,892
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$2,931
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$6,999
Administrative expenses (other) incurred2019-12-31$1,049
Total non interest bearing cash at end of year2019-12-31$83,229
Total non interest bearing cash at beginning of year2019-12-31$1,161
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$10,764,200
Value of net assets at end of year (total assets less liabilities)2019-12-31$44,249,341
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$33,206,797
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$42,229,658
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$31,307,482
Interest on participant loans2019-12-31$12,915
Value of interest in common/collective trusts at end of year2019-12-31$1,535,282
Value of interest in common/collective trusts at beginning of year2019-12-31$1,715,566
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$48,171
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$11,299
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$11,299
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$6,340,441
Net investment gain or loss from common/collective trusts2019-12-31$31,440
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$182,121
Employer contributions (assets) at end of year2019-12-31$62,641
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,409,926
Liabilities. Value of benefit claims payable at end of year2019-12-31$48,163
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$69,671
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31RSM US LLP
Accountancy firm EIN2019-12-31420714325
2018 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$1,748,328
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$69,671
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$62,745
Total income from all sources (including contributions)2018-12-31$1,171,062
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$2,340,843
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,262,633
Value of total corrective distributions2018-12-31$76,602
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$2,957,654
Value of total assets at end of year2018-12-31$33,276,468
Value of total assets at beginning of year2018-12-31$32,690,995
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,608
Total interest from all sources2018-12-31$12,280
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$2,615,630
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$2,615,630
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,829,204
Participant contributions at end of year2018-12-31$233,961
Participant contributions at beginning of year2018-12-31$228,603
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,008,586
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$6,999
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$5,979
Administrative expenses (other) incurred2018-12-31$1,608
Total non interest bearing cash at end of year2018-12-31$1,161
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,169,781
Value of net assets at end of year (total assets less liabilities)2018-12-31$33,206,797
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$32,628,250
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$31,307,482
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$31,098,732
Interest on participant loans2018-12-31$12,280
Value of interest in common/collective trusts at end of year2018-12-31$1,715,566
Value of interest in common/collective trusts at beginning of year2018-12-31$1,357,681
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$11,299
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-4,438,188
Net investment gain or loss from common/collective trusts2018-12-31$23,686
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$119,864
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,262,633
Liabilities. Value of benefit claims payable at end of year2018-12-31$69,671
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$62,745
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31RSM US LLP
Accountancy firm EIN2018-12-31420714325
2017 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$348,674
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$62,745
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$41,484
Total income from all sources (including contributions)2017-12-31$7,432,152
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,950,907
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,949,450
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,507,747
Value of total assets at end of year2017-12-31$32,690,995
Value of total assets at beginning of year2017-12-31$26,839,815
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,457
Total interest from all sources2017-12-31$8,397
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,738,377
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,738,377
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,665,871
Participant contributions at end of year2017-12-31$228,603
Participant contributions at beginning of year2017-12-31$179,911
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$728,554
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$5,979
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$6,975
Administrative expenses (other) incurred2017-12-31$1,457
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$243
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$5,481,245
Value of net assets at end of year (total assets less liabilities)2017-12-31$32,628,250
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$26,798,331
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$31,098,732
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$25,106,308
Interest on participant loans2017-12-31$8,397
Value of interest in common/collective trusts at end of year2017-12-31$1,357,681
Value of interest in common/collective trusts at beginning of year2017-12-31$1,546,378
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$3,159,882
Net investment gain or loss from common/collective trusts2017-12-31$17,749
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$113,322
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,949,450
Liabilities. Value of benefit claims payable at end of year2017-12-31$62,745
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$41,484
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31RSM US LLP
Accountancy firm EIN2017-12-31420714325
2016 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$41,484
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$60,330
Total income from all sources (including contributions)2016-12-31$4,171,930
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,793,940
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,793,184
Value of total corrective distributions2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,439,027
Value of total assets at end of year2016-12-31$26,839,815
Value of total assets at beginning of year2016-12-31$24,480,671
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$756
Total interest from all sources2016-12-31$9,662
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$900,341
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$900,341
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,604,028
Participant contributions at end of year2016-12-31$179,911
Participant contributions at beginning of year2016-12-31$207,992
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$732,055
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$6,975
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$5,208
Administrative expenses (other) incurred2016-12-31$756
Total non interest bearing cash at end of year2016-12-31$243
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$2,377,990
Value of net assets at end of year (total assets less liabilities)2016-12-31$26,798,331
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$24,420,341
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$25,106,308
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$23,037,833
Interest on participant loans2016-12-31$9,662
Value of interest in common/collective trusts at end of year2016-12-31$1,546,378
Value of interest in common/collective trusts at beginning of year2016-12-31$1,229,638
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$809,706
Net investment gain or loss from common/collective trusts2016-12-31$13,194
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$102,944
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,793,184
Liabilities. Value of benefit claims payable at end of year2016-12-31$41,484
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$60,330
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31RSM US LLP
Accountancy firm EIN2016-12-31420714325
2015 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$60,330
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$29,529
Total income from all sources (including contributions)2015-12-31$4,987,007
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,698,943
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,636,952
Value of total corrective distributions2015-12-31$60,330
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,936,618
Value of total assets at end of year2015-12-31$24,480,671
Value of total assets at beginning of year2015-12-31$21,161,806
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,661
Total interest from all sources2015-12-31$7,972
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,392,781
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,392,781
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$3,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,513,277
Participant contributions at end of year2015-12-31$207,992
Participant contributions at beginning of year2015-12-31$166,544
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$3,423,341
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$5,208
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$4,361
Administrative expenses (other) incurred2015-12-31$1,661
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$123
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$3,288,064
Value of net assets at end of year (total assets less liabilities)2015-12-31$24,420,341
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$21,132,277
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$23,037,833
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$19,519,163
Interest on participant loans2015-12-31$7,972
Value of interest in common/collective trusts at end of year2015-12-31$1,229,638
Value of interest in common/collective trusts at beginning of year2015-12-31$1,463,815
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$7,800
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$7,800
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-1,367,250
Net investment gain or loss from common/collective trusts2015-12-31$16,886
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,636,952
Liabilities. Value of benefit claims payable at end of year2015-12-31$60,330
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$29,529
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31RSM US LLP
Accountancy firm EIN2015-12-31420714325
2014 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$29,529
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$66,991
Total income from all sources (including contributions)2014-12-31$3,289,442
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,449,100
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,418,175
Value of total corrective distributions2014-12-31$29,529
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,913,962
Value of total assets at end of year2014-12-31$21,161,806
Value of total assets at beginning of year2014-12-31$19,358,926
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,396
Total interest from all sources2014-12-31$8,164
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,121,329
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,121,329
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$3,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,400,043
Participant contributions at end of year2014-12-31$166,544
Participant contributions at beginning of year2014-12-31$195,042
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$513,919
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$4,361
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$4,945
Administrative expenses (other) incurred2014-12-31$1,396
Total non interest bearing cash at end of year2014-12-31$123
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,840,342
Value of net assets at end of year (total assets less liabilities)2014-12-31$21,132,277
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$19,291,935
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$19,519,163
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$17,762,485
Interest on participant loans2014-12-31$8,164
Value of interest in common/collective trusts at end of year2014-12-31$1,463,815
Value of interest in common/collective trusts at beginning of year2014-12-31$1,396,347
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$7,800
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$107
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$107
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$245,784
Net investment gain or loss from common/collective trusts2014-12-31$203
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,418,175
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$0
Liabilities. Value of benefit claims payable at end of year2014-12-31$29,529
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$66,991
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MCGLADREY LLP
Accountancy firm EIN2014-12-31420714325
2013 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$66,991
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$31,250
Total income from all sources (including contributions)2013-12-31$5,294,216
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,161,126
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,159,557
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,638,953
Value of total assets at end of year2013-12-31$19,358,926
Value of total assets at beginning of year2013-12-31$15,190,095
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$1,569
Total interest from all sources2013-12-31$8,444
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$784,089
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$772,643
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2013-12-31$33,553
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$3,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,302,039
Participant contributions at end of year2013-12-31$195,042
Participant contributions at beginning of year2013-12-31$181,298
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$336,914
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$4,945
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$28,122
Administrative expenses (other) incurred2013-12-31$1,569
Total non interest bearing cash at beginning of year2013-12-31$32,406
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$4,133,090
Value of net assets at end of year (total assets less liabilities)2013-12-31$19,291,935
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$15,158,845
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$17,762,485
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$13,274,227
Interest on participant loans2013-12-31$8,269
Value of interest in common/collective trusts at end of year2013-12-31$1,396,347
Value of interest in common/collective trusts at beginning of year2013-12-31$1,349,226
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$107
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$22,325
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$22,325
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$175
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,852,401
Net investment gain or loss from common/collective trusts2013-12-31$10,329
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Income. Dividends from preferred stock2013-12-31$1,168
Income. Dividends from common stock2013-12-31$10,278
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,159,557
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$268,938
Liabilities. Value of benefit claims payable at end of year2013-12-31$66,991
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$31,250
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31MCGLADREY LLP
Accountancy firm EIN2013-12-31420714325
2012 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$31,250
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$20,566
Total income from all sources (including contributions)2012-12-31$3,402,404
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$518,185
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$517,158
Value of total corrective distributions2012-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,682,769
Value of total assets at end of year2012-12-31$15,190,095
Value of total assets at beginning of year2012-12-31$12,295,192
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$1,027
Total interest from all sources2012-12-31$7,336
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$362,427
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$351,976
Assets. Corporate prefeered stocks other than exployer securities at end of year2012-12-31$33,553
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2012-12-31$21,876
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,317,637
Participant contributions at end of year2012-12-31$181,298
Participant contributions at beginning of year2012-12-31$86,662
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$365,132
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$28,122
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$16,321
Administrative expenses (other) incurred2012-12-31$1,027
Total non interest bearing cash at end of year2012-12-31$32,406
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$2,884,219
Value of net assets at end of year (total assets less liabilities)2012-12-31$15,158,845
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$12,274,626
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$13,274,227
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$11,049,220
Interest on participant loans2012-12-31$5,175
Value of interest in common/collective trusts at end of year2012-12-31$1,349,226
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$22,325
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$898,146
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$898,146
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$2,161
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,340,402
Net investment gain or loss from common/collective trusts2012-12-31$9,470
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Income. Dividends from preferred stock2012-12-31$1,136
Income. Dividends from common stock2012-12-31$9,315
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$517,158
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$268,938
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$222,967
Liabilities. Value of benefit claims payable at end of year2012-12-31$31,250
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$20,566
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MCGLADREY LLP
Accountancy firm EIN2012-12-31420714325
2011 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$20,566
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$1,762
Total income from all sources (including contributions)2011-12-31$1,083,700
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,071,116
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,070,958
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,263,733
Value of total assets at end of year2011-12-31$12,295,192
Value of total assets at beginning of year2011-12-31$12,263,804
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$158
Total interest from all sources2011-12-31$15,862
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$151,159
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$144,250
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$21,876
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$3,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,168,441
Participant contributions at end of year2011-12-31$86,662
Participant contributions at beginning of year2011-12-31$109,864
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$95,292
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$16,321
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$8,186
Total non interest bearing cash at beginning of year2011-12-31$1,626
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$12,584
Value of net assets at end of year (total assets less liabilities)2011-12-31$12,274,626
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$12,262,042
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$158
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$11,049,220
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$10,693,140
Interest on participant loans2011-12-31$4,458
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$898,146
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,264,392
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,264,392
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$11,404
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-347,054
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Income. Dividends from common stock2011-12-31$6,909
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,070,958
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$222,967
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$186,596
Liabilities. Value of benefit claims payable at end of year2011-12-31$20,566
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$1,762
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31MCGLADREY LLP
Accountancy firm EIN2011-12-31420714325
2010 : MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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$1,762
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$2,606,392
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$431,101
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$413,990
Value of total corrective distributions2010-12-31$16,953
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,171,860
Value of total assets at end of year2010-12-31$12,263,804
Value of total assets at beginning of year2010-12-31$10,086,751
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$158
Total interest from all sources2010-12-31$19,048
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$146,545
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$142,428
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$3,000,000
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$1,095,613
Participant contributions at end of year2010-12-31$109,864
Participant contributions at beginning of year2010-12-31$47,108
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$76,247
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$8,186
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$7,669
Total non interest bearing cash at end of year2010-12-31$1,626
Total non interest bearing cash at beginning of year2010-12-31$229
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$2,175,291
Value of net assets at end of year (total assets less liabilities)2010-12-31$12,262,042
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$10,086,751
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$158
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$10,693,140
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$8,680,892
Interest on participant loans2010-12-31$3,708
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,264,392
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,230,456
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,230,456
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$15,340
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,268,939
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
Income. Dividends from common stock2010-12-31$4,117
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$413,990
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$186,596
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$120,397
Liabilities. Value of benefit claims payable at end of year2010-12-31$1,762
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
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MCGLADREY & PULLEN
Accountancy firm EIN2010-12-31420714325

Form 5500 Responses for MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN

2022: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: MERCHANTS FINANCIAL GROUP, INC. 401(K) SAVINGS 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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