# Merchants & Marine Bank 401(k) Plan
Source: https://planprovider.pro/companies/merchants-marine-bank-401k-plan

> Merchants & Marine Bank's 401(k) plan: 229 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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