# M1 Bancshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/m1-bancshares-inc-401k-plan

> M1 Bancshares, INC.'s 401(k) plan: 47 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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