Plan Ledger DOL Form 5500 · updated monthly

Marine Bank401(k)

MARINE BANK, ETAL EMPLOYEES' 401K PROFIT SHARING PLAN & TRUST · SPRINGFIELD, IL · plan year 2022

Reported admin expense ratio · 2022
0.26%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Marine Bank reported $52,947 in plan administrative expenses for 2022: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,638 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,745th-largest of 3,702 plans among Illinois employers on file, and 3,163rd of 4,798 in finance & insurance. In 2022, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,847,618
Participants with balances230
Active participants162
Employer contributions$427,324
Employee contributions$861,390
Employer contribution per active participant$2,638
Average account balance$81,946
Benefits paid to participants$914,279
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $221K emplr
2022$18.8M · 230 accts · $427K emplr
Administrative expenses, itemized · 2022
Professional / advisory$52,947
Total administrative$52,947
The Marine Bank 401(k) match · 2022
Employer contribution per active participant$2,638
Median for plans this size$2,266

Marine Bank's 2022 employer contribution ran above the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$52,947 · 0.26%
Same employer
Similar plansFinance & Insurance · Illinois
Numark Credit Union IL$19.7M · 0.32%
Lending Solutions, Inc. IL$19.5M · 0.43%
Dv Group, LLC IL$19.2M · 0.02%
Dieterich Bank IL$18.8M · 0.42%
Devon Bank IL$18.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370919766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.