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MERCANTILE BANK OF MICHIGAN 401(K) PLAN 401k Plan overview

Plan NameMERCANTILE BANK OF MICHIGAN 401(K) PLAN
Plan identification number 001

MERCANTILE BANK OF MICHIGAN 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

MERCANTILE BANK OF MICHIGAN has sponsored the creation of one or more 401k plans.

Company Name:MERCANTILE BANK OF MICHIGAN
Employer identification number (EIN):383360868
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MERCANTILE BANK OF MICHIGAN 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01KATE GLOVER2024-07-18
0012022-01-01KATE GLOVER2023-07-16
0012021-01-01BRETT HOOVER2022-07-25
0012020-01-01LONNA WIERSMA2021-07-19
0012019-01-01LONNA WIERSMA2020-07-07
0012018-01-01
0012017-01-01
0012016-01-01LONNA WIERSMA
0012016-01-01
0012015-01-01LONNA WIERSMA LONNA WIERSMA2016-07-18
0012014-01-01LONNA WIERSMA
0012013-01-01LONNA WIERSMA
0012012-01-01LONNA WIERSMA
0012011-01-01LONNA WIERSMA LONNA WIERSMA2012-07-19
0012010-01-01LONNA WIERSMA LONNA WIERSMA2011-07-29
0012009-01-01LONNA WIERSMA

Plan Statistics for MERCANTILE BANK OF MICHIGAN 401(K) PLAN

401k plan membership statisitcs for MERCANTILE BANK OF MICHIGAN 401(K) PLAN

Measure Date Value
2023: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01885
Total number of active participants reported on line 7a of the Form 55002023-01-01686
Number of retired or separated participants receiving benefits2023-01-0118
Number of other retired or separated participants entitled to future benefits2023-01-01193
Total of all active and inactive participants2023-01-01897
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01897
Number of participants with account balances2023-01-01857
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01876
Total number of active participants reported on line 7a of the Form 55002022-01-01664
Number of retired or separated participants receiving benefits2022-01-0123
Number of other retired or separated participants entitled to future benefits2022-01-01191
Total of all active and inactive participants2022-01-01878
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01879
Number of participants with account balances2022-01-01857
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01868
Total number of active participants reported on line 7a of the Form 55002021-01-01653
Number of retired or separated participants receiving benefits2021-01-0124
Number of other retired or separated participants entitled to future benefits2021-01-01196
Total of all active and inactive participants2021-01-01873
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01874
Number of participants with account balances2021-01-01843
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01971
Total number of active participants reported on line 7a of the Form 55002020-01-01660
Number of retired or separated participants receiving benefits2020-01-0120
Number of other retired or separated participants entitled to future benefits2020-01-01184
Total of all active and inactive participants2020-01-01864
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01864
Number of participants with account balances2020-01-01835
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01869
Total number of active participants reported on line 7a of the Form 55002019-01-01666
Number of retired or separated participants receiving benefits2019-01-014
Number of other retired or separated participants entitled to future benefits2019-01-01186
Total of all active and inactive participants2019-01-01856
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01856
Number of participants with account balances2019-01-01822
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01867
Total number of active participants reported on line 7a of the Form 55002018-01-01694
Number of retired or separated participants receiving benefits2018-01-013
Number of other retired or separated participants entitled to future benefits2018-01-01171
Total of all active and inactive participants2018-01-01868
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01868
Number of participants with account balances2018-01-01834
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01882
Total number of active participants reported on line 7a of the Form 55002017-01-01694
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-01176
Total of all active and inactive participants2017-01-01872
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01872
Number of participants with account balances2017-01-01838
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01898
Total number of active participants reported on line 7a of the Form 55002016-01-01672
Number of retired or separated participants receiving benefits2016-01-012
Number of other retired or separated participants entitled to future benefits2016-01-01198
Total of all active and inactive participants2016-01-01872
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01872
Number of participants with account balances2016-01-01833
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01916
Total number of active participants reported on line 7a of the Form 55002015-01-01690
Number of retired or separated participants receiving benefits2015-01-012
Number of other retired or separated participants entitled to future benefits2015-01-01193
Total of all active and inactive participants2015-01-01885
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01885
Number of participants with account balances2015-01-01845
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01312
Total number of active participants reported on line 7a of the Form 55002014-01-01896
Number of retired or separated participants receiving benefits2014-01-013
Total of all active and inactive participants2014-01-01899
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01899
Number of participants with account balances2014-01-01849
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01316
Total number of active participants reported on line 7a of the Form 55002013-01-01261
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0151
Total of all active and inactive participants2013-01-01312
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01312
Number of participants with account balances2013-01-01279
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01313
Total number of active participants reported on line 7a of the Form 55002012-01-01254
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0155
Total of all active and inactive participants2012-01-01309
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01309
Number of participants with account balances2012-01-01279
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01328
Total number of active participants reported on line 7a of the Form 55002011-01-01254
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0152
Total of all active and inactive participants2011-01-01306
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01306
Number of participants with account balances2011-01-01287
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01341
Total number of active participants reported on line 7a of the Form 55002010-01-01274
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0151
Total of all active and inactive participants2010-01-01325
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01325
Number of participants with account balances2010-01-01283
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01409
Total number of active participants reported on line 7a of the Form 55002009-01-01293
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0145
Total of all active and inactive participants2009-01-01338
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01338
Number of participants with account balances2009-01-01283
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MERCANTILE BANK OF MICHIGAN 401(K) PLAN

Measure Date Value
2023 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$24,438,373
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$4,582,785
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$4,353,099
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$8,620,846
Value of total assets at end of year2023-12-31$100,878,135
Value of total assets at beginning of year2023-12-31$81,022,547
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$229,686
Total interest from all sources2023-12-31$43,653
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$3,048,602
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$2,437,403
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$4,443,575
Participant contributions at end of year2023-12-31$749,206
Participant contributions at beginning of year2023-12-31$719,883
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$1,859,067
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$36,987
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$23,941
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$19,855,588
Value of net assets at end of year (total assets less liabilities)2023-12-31$100,878,135
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$81,022,547
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$212,155
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$78,231,044
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$62,062,422
Interest on participant loans2023-12-31$43,653
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$3,191,210
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$2,433,662
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$2,433,662
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$12,725,272
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$18,669,688
Assets. Invements in employer securities at beginning of year2023-12-31$15,782,639
Contributions received in cash from employer2023-12-31$2,318,204
Income. Dividends from common stock2023-12-31$611,199
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$4,353,099
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31PLANTE MORAN
Accountancy firm EIN2023-12-31381357951
2022 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-6,191,669
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$6,707,042
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$6,483,229
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$6,664,485
Value of total assets at end of year2022-12-31$81,022,547
Value of total assets at beginning of year2022-12-31$93,921,258
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$223,813
Total interest from all sources2022-12-31$36,556
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$3,530,206
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$2,948,246
Administrative expenses professional fees incurred2022-12-31$223,813
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$3,875,276
Participant contributions at end of year2022-12-31$719,883
Participant contributions at beginning of year2022-12-31$795,476
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$542,320
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$23,941
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$23,424
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-12,898,711
Value of net assets at end of year (total assets less liabilities)2022-12-31$81,022,547
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$93,921,258
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$62,062,422
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$73,459,706
Interest on participant loans2022-12-31$36,556
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$2,433,662
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$3,428,701
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$3,428,701
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-16,422,916
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$15,782,639
Assets. Invements in employer securities at beginning of year2022-12-31$16,213,951
Contributions received in cash from employer2022-12-31$2,246,889
Income. Dividends from common stock2022-12-31$581,960
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$6,483,229
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BDO USA LLP
Accountancy firm EIN2022-12-31135381590
2021 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$21,371,868
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$6,980,451
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$6,750,939
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$6,714,885
Value of total assets at end of year2021-12-31$93,921,258
Value of total assets at beginning of year2021-12-31$79,529,841
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$229,512
Total interest from all sources2021-12-31$38,035
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$3,834,468
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$3,296,776
Administrative expenses professional fees incurred2021-12-31$229,512
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$3,591,693
Participant contributions at end of year2021-12-31$795,476
Participant contributions at beginning of year2021-12-31$735,205
Participant contributions at beginning of year2021-12-31$97,010
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$1,033,787
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$23,424
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$10,503
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$14,391,417
Value of net assets at end of year (total assets less liabilities)2021-12-31$93,921,258
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$79,529,841
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$73,459,706
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$62,297,916
Interest on participant loans2021-12-31$38,035
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$3,428,701
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$3,621,543
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$3,621,543
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$10,784,480
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$16,213,951
Assets. Invements in employer securities at beginning of year2021-12-31$12,711,430
Contributions received in cash from employer2021-12-31$2,089,405
Employer contributions (assets) at beginning of year2021-12-31$56,234
Income. Dividends from common stock2021-12-31$537,692
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$6,750,939
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BDO USA LLP
Accountancy firm EIN2021-12-31135381590
2020 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$10,765,956
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$5,794,730
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$5,616,300
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$5,569,588
Value of total assets at end of year2020-12-31$79,529,841
Value of total assets at beginning of year2020-12-31$74,558,615
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$178,430
Total interest from all sources2020-12-31$46,833
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$2,520,004
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$2,048,561
Administrative expenses professional fees incurred2020-12-31$178,430
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$3,410,455
Participant contributions at end of year2020-12-31$735,205
Participant contributions at beginning of year2020-12-31$891,772
Participant contributions at end of year2020-12-31$97,010
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$210,698
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$10,503
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$15,815
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$4,971,226
Value of net assets at end of year (total assets less liabilities)2020-12-31$79,529,841
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$74,558,615
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$62,297,916
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$56,345,170
Interest on participant loans2020-12-31$46,833
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$3,621,543
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$2,696,632
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$2,696,632
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,629,531
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Assets. Invements in employer securities at end of year2020-12-31$12,711,430
Assets. Invements in employer securities at beginning of year2020-12-31$14,609,226
Contributions received in cash from employer2020-12-31$1,948,435
Employer contributions (assets) at end of year2020-12-31$56,234
Income. Dividends from common stock2020-12-31$471,443
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$5,616,300
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA LLP
Accountancy firm EIN2020-12-31135381590
2019 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$19,557,074
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$5,395,354
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$5,214,476
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$4,743,831
Value of total assets at end of year2019-12-31$74,558,615
Value of total assets at beginning of year2019-12-31$60,396,895
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$180,878
Total interest from all sources2019-12-31$48,033
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$2,760,506
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$2,332,390
Administrative expenses professional fees incurred2019-12-31$180,878
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$2,912,684
Participant contributions at end of year2019-12-31$891,772
Participant contributions at beginning of year2019-12-31$762,636
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$99,942
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$15,815
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$13,703
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$14,161,720
Value of net assets at end of year (total assets less liabilities)2019-12-31$74,558,615
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$60,396,895
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$56,345,170
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$45,911,177
Interest on participant loans2019-12-31$48,033
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$2,696,632
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$2,075,076
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$2,075,076
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$12,004,704
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Assets. Invements in employer securities at end of year2019-12-31$14,609,226
Assets. Invements in employer securities at beginning of year2019-12-31$11,634,303
Contributions received in cash from employer2019-12-31$1,731,205
Income. Dividends from common stock2019-12-31$428,116
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$5,214,476
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31No
Opinion of an independent qualified public accountant for this plan2019-12-31Unqualified
Accountancy firm name2019-12-31BDO USA LLP
Accountancy firm EIN2019-12-31135381590
2018 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$-353,387
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$3,554,695
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$3,379,141
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,130,563
Value of total assets at end of year2018-12-31$60,396,895
Value of total assets at beginning of year2018-12-31$64,304,977
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$175,554
Total interest from all sources2018-12-31$59,791
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$3,127,758
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$2,457,585
Administrative expenses professional fees incurred2018-12-31$175,554
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$2,724,094
Participant contributions at end of year2018-12-31$762,636
Participant contributions at beginning of year2018-12-31$589,604
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$842,504
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$13,703
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$9,328
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-3,908,082
Value of net assets at end of year (total assets less liabilities)2018-12-31$60,396,895
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$64,304,977
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$45,911,177
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$47,545,368
Interest on participant loans2018-12-31$33,558
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$2,075,076
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$1,861,930
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$1,861,930
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$26,233
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-8,671,499
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Assets. Invements in employer securities at end of year2018-12-31$11,634,303
Assets. Invements in employer securities at beginning of year2018-12-31$14,298,747
Contributions received in cash from employer2018-12-31$1,563,965
Income. Dividends from common stock2018-12-31$670,173
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$3,379,141
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31BDO USA LLP
Accountancy firm EIN2018-12-31135381590
2017 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$11,068,067
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$6,844,454
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$6,688,652
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$4,532,169
Value of total assets at end of year2017-12-31$64,304,977
Value of total assets at beginning of year2017-12-31$60,081,364
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$155,802
Total interest from all sources2017-12-31$25,123
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$2,141,101
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,820,963
Administrative expenses professional fees incurred2017-12-31$155,802
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$2,387,946
Participant contributions at end of year2017-12-31$589,604
Participant contributions at beginning of year2017-12-31$583,315
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$893,677
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$9,328
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$7,716
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$4,223,613
Value of net assets at end of year (total assets less liabilities)2017-12-31$64,304,977
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$60,081,364
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$47,545,368
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$39,094,270
Income. Interest from loans (other than to participants)2017-12-31$25,123
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$1,861,930
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$1,739,766
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$1,739,766
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$4,369,674
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Assets. Invements in employer securities at end of year2017-12-31$14,298,747
Assets. Invements in employer securities at beginning of year2017-12-31$18,656,297
Contributions received in cash from employer2017-12-31$1,250,546
Income. Dividends from common stock2017-12-31$320,138
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$6,688,652
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31BDO USA LLP
Accountancy firm EIN2017-12-31135381590
2016 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$13,841,115
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$7,807,849
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$7,670,541
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$3,537,429
Value of total assets at end of year2016-12-31$60,081,364
Value of total assets at beginning of year2016-12-31$54,048,098
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$137,308
Total interest from all sources2016-12-31$26,879
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,515,302
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$930,450
Administrative expenses professional fees incurred2016-12-31$137,308
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,194,345
Participant contributions at end of year2016-12-31$583,315
Participant contributions at beginning of year2016-12-31$687,038
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$168,716
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$7,716
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$7,281
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$6,033,266
Value of net assets at end of year (total assets less liabilities)2016-12-31$60,081,364
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$54,048,098
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$39,094,270
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$37,222,474
Interest on participant loans2016-12-31$26,879
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$1,739,766
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$2,267,555
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$2,267,555
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$8,761,505
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$18,656,297
Assets. Invements in employer securities at beginning of year2016-12-31$13,863,750
Contributions received in cash from employer2016-12-31$2,174,368
Income. Dividends from common stock2016-12-31$584,852
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$7,670,541
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BDO USA LLP
Accountancy firm EIN2016-12-31135381590
2015 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$6,334,767
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$7,612,777
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$7,471,954
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$3,887,116
Value of total assets at end of year2015-12-31$54,048,098
Value of total assets at beginning of year2015-12-31$55,326,108
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$140,823
Total interest from all sources2015-12-31$36,786
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$2,283,790
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,915,088
Administrative expenses professional fees incurred2015-12-31$140,823
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,146,981
Participant contributions at end of year2015-12-31$687,038
Participant contributions at beginning of year2015-12-31$956,496
Participant contributions at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$537,074
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$7,281
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$19
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-1,278,010
Value of net assets at end of year (total assets less liabilities)2015-12-31$54,048,098
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$55,326,108
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$37,222,474
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$37,139,258
Interest on participant loans2015-12-31$36,578
Value of interest in common/collective trusts at beginning of year2015-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$2,267,555
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$2,254,258
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$2,254,258
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$208
Asset value of US Government securities at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$127,075
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Assets. Invements in employer securities at end of year2015-12-31$13,863,750
Assets. Invements in employer securities at beginning of year2015-12-31$14,976,077
Contributions received in cash from employer2015-12-31$1,203,061
Employer contributions (assets) at beginning of year2015-12-31$0
Income. Dividends from common stock2015-12-31$368,702
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$7,471,954
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BDO USA LLP
Accountancy firm EIN2015-12-31135381590
2014 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$35,114,558
Total transfer of assets from this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$4,837,775
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$7,222,638
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$7,079,737
Expenses. Certain deemed distributions of participant loans2014-12-31$65,476
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$2,778,263
Value of total assets at end of year2014-12-31$55,326,108
Value of total assets at beginning of year2014-12-31$22,596,413
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$77,425
Total interest from all sources2014-12-31$31,678
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$2,832,739
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,801,441
Administrative expenses professional fees incurred2014-12-31$77,425
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,731,387
Participant contributions at end of year2014-12-31$956,496
Participant contributions at beginning of year2014-12-31$416,392
Participant contributions at end of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$127,927
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$19
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$1,309
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-2,384,863
Value of net assets at end of year (total assets less liabilities)2014-12-31$55,326,108
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$22,596,413
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$37,139,258
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$13,730,606
Interest on participant loans2014-12-31$31,533
Value of interest in common/collective trusts at end of year2014-12-31$0
Value of interest in common/collective trusts at beginning of year2014-12-31$677,591
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$2,254,258
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$145
Asset value of US Government securities at end of year2014-12-31$0
Asset value of US Government securities at beginning of year2014-12-31$11,448
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-804,905
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Assets. Invements in employer securities at end of year2014-12-31$14,976,077
Assets. Invements in employer securities at beginning of year2014-12-31$7,759,067
Contributions received in cash from employer2014-12-31$918,949
Employer contributions (assets) at end of year2014-12-31$0
Income. Dividends from common stock2014-12-31$1,031,298
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$7,079,737
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31No
Opinion of an independent qualified public accountant for this plan2014-12-31Unqualified
Accountancy firm name2014-12-31BDO USA LLP
Accountancy firm EIN2014-12-31135381590
2013 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$6,076,052
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$784,545
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$779,334
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,506,109
Value of total assets at end of year2013-12-31$22,596,413
Value of total assets at beginning of year2013-12-31$17,304,906
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$5,211
Total interest from all sources2013-12-31$10,579
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$751,114
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$586,985
Administrative expenses professional fees incurred2013-12-31$5,211
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$988,265
Participant contributions at end of year2013-12-31$416,392
Participant contributions at beginning of year2013-12-31$304,538
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$17,413
Total non interest bearing cash at end of year2013-12-31$1,309
Total non interest bearing cash at beginning of year2013-12-31$4,143
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$5,291,507
Value of net assets at end of year (total assets less liabilities)2013-12-31$22,596,413
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$17,304,906
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$13,730,606
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$10,174,876
Interest on participant loans2013-12-31$10,579
Value of interest in common/collective trusts at end of year2013-12-31$677,591
Value of interest in common/collective trusts at beginning of year2013-12-31$732,190
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$11,448
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$10,592
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$10,592
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$3,805,311
Net investment gain or loss from common/collective trusts2013-12-31$2,939
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Assets. Invements in employer securities at end of year2013-12-31$7,759,067
Assets. Invements in employer securities at beginning of year2013-12-31$6,078,567
Contributions received in cash from employer2013-12-31$500,431
Income. Dividends from common stock2013-12-31$164,129
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$779,334
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31BDO USA LLP
Accountancy firm EIN2013-12-31135381590
2012 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$5,288,754
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$869,247
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$839,305
Expenses. Certain deemed distributions of participant loans2012-12-31$6,730
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,365,486
Value of total assets at end of year2012-12-31$17,304,906
Value of total assets at beginning of year2012-12-31$12,885,399
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$23,212
Total interest from all sources2012-12-31$9,477
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$347,341
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$314,532
Administrative expenses professional fees incurred2012-12-31$23,212
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$910,652
Participant contributions at end of year2012-12-31$304,538
Participant contributions at beginning of year2012-12-31$315,396
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$65,324
Other income not declared elsewhere2012-12-31$23,181
Total non interest bearing cash at end of year2012-12-31$4,143
Total non interest bearing cash at beginning of year2012-12-31$100
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$4,419,507
Value of net assets at end of year (total assets less liabilities)2012-12-31$17,304,906
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$12,885,399
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$10,174,876
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$8,419,249
Interest on participant loans2012-12-31$9,477
Value of interest in common/collective trusts at end of year2012-12-31$732,190
Value of interest in common/collective trusts at beginning of year2012-12-31$555,626
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$10,592
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$9,641
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$9,641
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$3,543,269
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$6,078,567
Assets. Invements in employer securities at beginning of year2012-12-31$3,585,387
Contributions received in cash from employer2012-12-31$389,510
Income. Dividends from common stock2012-12-31$32,809
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$839,305
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31BDO USA LLP
Accountancy firm EIN2012-12-31135381590
2011 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,134,272
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,608,715
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,603,618
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,094,689
Value of total assets at end of year2011-12-31$12,885,399
Value of total assets at beginning of year2011-12-31$13,359,842
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$5,097
Total interest from all sources2011-12-31$8,451
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$250,439
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$250,439
Administrative expenses professional fees incurred2011-12-31$5,097
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$910,854
Participant contributions at end of year2011-12-31$315,396
Participant contributions at beginning of year2011-12-31$200,181
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$24,096
Total non interest bearing cash at end of year2011-12-31$100
Total non interest bearing cash at beginning of year2011-12-31$3,248
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-474,443
Value of net assets at end of year (total assets less liabilities)2011-12-31$12,885,399
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$13,359,842
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$8,419,249
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$9,561,841
Interest on participant loans2011-12-31$8,451
Value of interest in common/collective trusts at end of year2011-12-31$555,626
Value of interest in common/collective trusts at beginning of year2011-12-31$684,502
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$9,641
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$8,902
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$8,902
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-227,430
Net investment gain or loss from common/collective trusts2011-12-31$8,123
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$3,585,387
Assets. Invements in employer securities at beginning of year2011-12-31$2,901,168
Contributions received in cash from employer2011-12-31$159,739
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,603,618
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31BDO USA LLP
Accountancy firm EIN2011-12-31135381590
2010 : MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$4,192,114
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$721,209
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$716,214
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,343,874
Value of total assets at end of year2010-12-31$13,359,842
Value of total assets at beginning of year2010-12-31$9,888,937
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$4,995
Total interest from all sources2010-12-31$6,615
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$221,556
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$217,770
Administrative expenses professional fees incurred2010-12-31$4,995
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$20,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$928,676
Participant contributions at end of year2010-12-31$200,181
Participant contributions at beginning of year2010-12-31$155,079
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$415,198
Total non interest bearing cash at end of year2010-12-31$3,248
Total non interest bearing cash at beginning of year2010-12-31$100
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$3,470,905
Value of net assets at end of year (total assets less liabilities)2010-12-31$13,359,842
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$9,888,937
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$9,561,841
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$7,934,004
Interest on participant loans2010-12-31$6,615
Value of interest in common/collective trusts at end of year2010-12-31$684,502
Value of interest in common/collective trusts at beginning of year2010-12-31$638,137
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$8,902
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$8,329
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$8,329
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$2,608,331
Net investment gain or loss from common/collective trusts2010-12-31$11,738
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$2,901,168
Assets. Invements in employer securities at beginning of year2010-12-31$1,153,288
Income. Dividends from common stock2010-12-31$3,786
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$716,214
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31BDO USA LLP
Accountancy firm EIN2010-12-31135381590

Form 5500 Responses for MERCANTILE BANK OF MICHIGAN 401(K) PLAN

2023: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: MERCANTILE BANK OF MICHIGAN 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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