Plan Snapshot
- Plan Sponsor: M1 Bancshares, INC.
- Sponsor EIN: 821788822
- Sponsor Address: 7 N BEMISTON AVENUE, CLAYTON, MO, 63105
- Plan Type: 401(k)
- Total Participants: 47
- Total Assets: $11.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 47 | $11.5M | $158,072 | $314,510 |
| 2023 | 39 | $10.4M | $181,099 | $319,941 |
| 2022 | 30 | $8.3M | $126,912 | $229,386 |