Plan Snapshot
- Plan Sponsor: Morton Community Bank
- Sponsor EIN: 370808298
- Sponsor Address: 721 WEST JACKSON STREET, MORTON, IL, 61550
- Plan Type: 401(k)
- Total Participants: 613
- Total Assets: $58.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 613 | $58.2M | $739,139 | $2.5M |
| 2023 | 589 | $51.0M | $661,483 | $2.2M |
| 2022 | 490 | $41.0M | $611,653 | $1.8M |
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 |
|---|---|---|---|---|
| CLIFTON LARSON ALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTON LARSON ALLEN 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 | $121,950 | $44,155 | — | — | — |
| 2023 | $85,185 | $35,615 | — | — | — |
| 2022 | $86,927 | $14,285 | — | — | $60,992 |