Plan Snapshot
- Plan Sponsor: Magnolia Banking Corporation And Farmers Bank And Trust Company
- Sponsor EIN: 710054330
- Sponsor Address: PO BOX 250, MAGNOLIA, AR, 71754
- Plan Type: 401(k)
- Total Participants: 390
- Total Assets: $31.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 390 | $31.2M | $196,068 | $2.0M |
| 2023 | 383 | $26.5M | $267,063 | $1.9M |
| 2022 | 399 | $21.5M | $94,106 | $1.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $14,986 | — | $14,986 | — | — |
| 2023 | $12,756 | — | $12,756 | — | — |
| 2022 | $13,948 | — | $13,948 | — | — |