Employers › Morton Community Bank
Recordkeeping fees per participant · Morton Community Bank 401(k) Retirement Plan · plan year 2024
$182.45
Higher than 94% of the 5,847 plans $50 to 250M that report it.
= $69,695 / 382
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250926135802NAL0010948096001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926135802NAL0010948096001, received 2025-09-26
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-26.
Administrative expenses excluding investment management, per participant
$203.65
Higher than 85% of the 8,758 plans $50 to 250M that report it.
= $77,795 / 382
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926135802NAL0010948096001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926135802NAL0010948096001, received 2025-09-26
Administrative expenses per participant
$319.24
Higher than 88% of the 9,042 plans $50 to 250M that report it.
= $121,950 / 382
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926135802NAL0010948096001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926135802NAL0010948096001, received 2025-09-26
Administrative expenses as a share of assets
0.209%
Higher than 71% of the 9,049 plans $50 to 250M that report it.
= $121,950 / $58,238,450
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926135802NAL0010948096001, received 2025-09-26
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926135802NAL0010948096001, received 2025-09-26
Employer contributions per participant
$1,935
Higher than 31% of the 9,105 plans $50 to 250M that report it.
= $739,139 / 382
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926135802NAL0010948096001, received 2025-09-26
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926135802NAL0010948096001, received 2025-09-26
Employer share of total contributions
18.9%
Higher than 16% of the 9,112 plans $50 to 250M that report it.
= $739,139 / $3,909,618
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926135802NAL0010948096001, received 2025-09-26
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926135802NAL0010948096001, received 2025-09-26
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250926135802NAL0010948096001, received 2025-09-26
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MORTON COMMUNITY BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Plan name | MORTON COMMUNITY BANK 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Sponsor EIN / plan number | 37-0808298 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Sponsor location | MORTON, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Filing received | 2025-09-26 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Participants, beginning of year | 678 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Active participants | 613 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Participants, end of year | 698 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Participants with an account balance | 382 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Total assets, beginning of year | $51,023,008 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Total assets, end of year | $58,238,450 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Net assets, end of year | $58,238,450 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Total income | $11,252,778 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Net income | $7,215,442 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Employer contributions | $739,139 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Participant contributions | $2,501,049 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Other contributions (incl. rollovers) | $669,430 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Total contributions | $3,909,618 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Benefit payments | $3,863,737 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Total expenses (incl. benefit payments) | $4,037,336 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Total administrative expenses | $121,950 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Recordkeeping fees | $69,695 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Investment advisory and management fees | $44,155 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Administrative expenses excluding investment management | $77,795 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Held in common/collective trusts | $326,340 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Held in mutual funds | $23,503,298 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250926135802NAL0010948096001, received 2025-09-26 |
| Independent auditor | CLIFTON LARSON ALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250926135802NAL0010948096001, received 2025-09-26 |
Position = column in the DOL layout for form year 2024. Filing 20250926135802NAL0010948096001, received 2025-09-26.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ALLIANCE PENSION CONSULTANTS, INC.recordkeeper | RECORDKEEPER | 15 Recordkeeping and information management | $69,695 | no |
| DAVID VAUGHAN INVESTMENTS, LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $44,155 | no |
| CHARLES SCHWAB & CO., INC. | CUSTODIAN | 59 Shareholder servicing fees | $225 | yes |
| CHARLES SCHWAB TRUST BANK | CUSTODIAN | 19 Custodial (securities) | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250926135802NAL0010948096001, received 2025-09-26.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $51,023,008 | $58,238,450 | 14.1% |
| Participants with a balance | 378 | 382 | 1.1% |
| Administrative expenses | $85,185 | $121,950 | 43.2% |
| Recordkeeping fees per participant | $106.11 | $182.45 | 71.9% |
| Employer contributions | $661,483 | $739,139 | 11.7% |
Prior filing 20241011145920NAL0012646611001, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: MORTON COMMUNITY BANK; SEC registrant: MORTON COMMUNITY BANK (CIK 2011821, matched by EIN).