Plan Snapshot
- Plan Sponsor: Merchants & Marine Bank
- Sponsor EIN: 646016232
- Sponsor Address: 3118 PASCAGOULA STREET, PASCAGOULA, MS, 39567
- Plan Type: 401(k)
- Total Participants: 229
- Total Assets: $11.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 229 | $11.0M | $423,017 | $746,259 |
| 2023 | 202 | $10.2M | $335,657 | $572,679 |
| 2022 | 174 | $8.4M | $242,436 | $455,341 |
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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
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 | $23,859 | — | $23,859 | — | — |
| 2023 | $8,493 | — | $2,920 | — | — |
| 2022 | $8,678 | — | $8,678 | — | — |