Civic Intelligence

Merchants State Bank

Plan context: Merchants State Bank of Freeman 401K Profit Sharing Plan

EIN 46-0164095 • Freeman, SD • 29 filings • 4 plans

305 South Main StreetP.O. Box 399Freeman, SD 57029
Current Snapshot

Latest Year

2024

2024 Participants

30

2024 Assets

$11,324,163

2024 Contributions

$447,271

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$11,324,163$5,662,082$0200220132024YearValue
$11,324,163Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

35180200020132024YearValue
30Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024130$11,324,163$447,271$14,909iApproximate average salary by contribution assumption: employee only about $372,726 at 4% or $248,484 at 6%; with 50% employer match about $248,484 at 4% or $165,656 at 6%; with 100% employer match about $186,363 at 4% or $124,242 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-30$11,324,163$447,271$14,909iApproximate average salary by contribution assumption: employee only about $372,726 at 4% or $248,484 at 6%; with 50% employer match about $248,484 at 4% or $165,656 at 6%; with 100% employer match about $186,363 at 4% or $124,242 at 6%.
2023134$9,428,400$402,499$11,838iApproximate average salary by contribution assumption: employee only about $295,955 at 4% or $197,303 at 6%; with 50% employer match about $197,303 at 4% or $131,536 at 6%; with 100% employer match about $147,978 at 4% or $98,652 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-34$9,428,400$402,499$11,838iApproximate average salary by contribution assumption: employee only about $295,955 at 4% or $197,303 at 6%; with 50% employer match about $197,303 at 4% or $131,536 at 6%; with 100% employer match about $147,978 at 4% or $98,652 at 6%.
2022135$8,005,670$382,918$10,941iApproximate average salary by contribution assumption: employee only about $273,513 at 4% or $182,342 at 6%; with 50% employer match about $182,342 at 4% or $121,561 at 6%; with 100% employer match about $136,756 at 4% or $91,171 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-35$8,005,670$382,918$10,941iApproximate average salary by contribution assumption: employee only about $273,513 at 4% or $182,342 at 6%; with 50% employer match about $182,342 at 4% or $121,561 at 6%; with 100% employer match about $136,756 at 4% or $91,171 at 6%.
2021132$9,294,067$337,779$10,556iApproximate average salary by contribution assumption: employee only about $263,890 at 4% or $175,927 at 6%; with 50% employer match about $175,927 at 4% or $117,284 at 6%; with 100% employer match about $131,945 at 4% or $87,963 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-32$9,294,067$337,779$10,556iApproximate average salary by contribution assumption: employee only about $263,890 at 4% or $175,927 at 6%; with 50% employer match about $175,927 at 4% or $117,284 at 6%; with 100% employer match about $131,945 at 4% or $87,963 at 6%.
2020133$9,473,839$370,710$11,234iApproximate average salary by contribution assumption: employee only about $280,841 at 4% or $187,227 at 6%; with 50% employer match about $187,227 at 4% or $124,818 at 6%; with 100% employer match about $140,420 at 4% or $93,614 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-33$9,473,839$370,710$11,234iApproximate average salary by contribution assumption: employee only about $280,841 at 4% or $187,227 at 6%; with 50% employer match about $187,227 at 4% or $124,818 at 6%; with 100% employer match about $140,420 at 4% or $93,614 at 6%.
2019132$7,854,358$365,622$11,426iApproximate average salary by contribution assumption: employee only about $285,642 at 4% or $190,428 at 6%; with 50% employer match about $190,428 at 4% or $126,952 at 6%; with 100% employer match about $142,821 at 4% or $95,214 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-32$7,854,358$365,622$11,426iApproximate average salary by contribution assumption: employee only about $285,642 at 4% or $190,428 at 6%; with 50% employer match about $190,428 at 4% or $126,952 at 6%; with 100% employer match about $142,821 at 4% or $95,214 at 6%.
2018135$6,896,583$356,372$10,182iApproximate average salary by contribution assumption: employee only about $254,551 at 4% or $169,701 at 6%; with 50% employer match about $169,701 at 4% or $113,134 at 6%; with 100% employer match about $127,276 at 4% or $84,850 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-35$6,896,583$356,372$10,182iApproximate average salary by contribution assumption: employee only about $254,551 at 4% or $169,701 at 6%; with 50% employer match about $169,701 at 4% or $113,134 at 6%; with 100% employer match about $127,276 at 4% or $84,850 at 6%.
2017134$7,222,310$320,174$9,417iApproximate average salary by contribution assumption: employee only about $235,422 at 4% or $156,948 at 6%; with 50% employer match about $156,948 at 4% or $104,632 at 6%; with 100% employer match about $117,711 at 4% or $78,474 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-34$7,222,310$320,174$9,417iApproximate average salary by contribution assumption: employee only about $235,422 at 4% or $156,948 at 6%; with 50% employer match about $156,948 at 4% or $104,632 at 6%; with 100% employer match about $117,711 at 4% or $78,474 at 6%.
2016131$5,890,732$297,361$9,592iApproximate average salary by contribution assumption: employee only about $239,807 at 4% or $159,872 at 6%; with 50% employer match about $159,872 at 4% or $106,581 at 6%; with 100% employer match about $119,904 at 4% or $79,936 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-31$5,890,732$297,361$9,592iApproximate average salary by contribution assumption: employee only about $239,807 at 4% or $159,872 at 6%; with 50% employer match about $159,872 at 4% or $106,581 at 6%; with 100% employer match about $119,904 at 4% or $79,936 at 6%.
2015132$5,186,403$298,281$9,321iApproximate average salary by contribution assumption: employee only about $233,032 at 4% or $155,355 at 6%; with 50% employer match about $155,355 at 4% or $103,570 at 6%; with 100% employer match about $116,516 at 4% or $77,677 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-32$5,186,403$298,281$9,321iApproximate average salary by contribution assumption: employee only about $233,032 at 4% or $155,355 at 6%; with 50% employer match about $155,355 at 4% or $103,570 at 6%; with 100% employer match about $116,516 at 4% or $77,677 at 6%.
2014131$6,600,119$332,705$10,732iApproximate average salary by contribution assumption: employee only about $268,310 at 4% or $178,874 at 6%; with 50% employer match about $178,874 at 4% or $119,249 at 6%; with 100% employer match about $134,155 at 4% or $89,437 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-31$6,600,119$332,705$10,732iApproximate average salary by contribution assumption: employee only about $268,310 at 4% or $178,874 at 6%; with 50% employer match about $178,874 at 4% or $119,249 at 6%; with 100% employer match about $134,155 at 4% or $89,437 at 6%.
2013131$6,161,893$356,207$11,491iApproximate average salary by contribution assumption: employee only about $287,264 at 4% or $191,509 at 6%; with 50% employer match about $191,509 at 4% or $127,673 at 6%; with 100% employer match about $143,632 at 4% or $95,755 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-31$6,161,893$356,207$11,491iApproximate average salary by contribution assumption: employee only about $287,264 at 4% or $191,509 at 6%; with 50% employer match about $191,509 at 4% or $127,673 at 6%; with 100% employer match about $143,632 at 4% or $95,755 at 6%.
2012128$5,264,335$336,069$12,002iApproximate average salary by contribution assumption: employee only about $300,062 at 4% or $200,041 at 6%; with 50% employer match about $200,041 at 4% or $133,361 at 6%; with 100% employer match about $150,031 at 4% or $100,021 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-28$5,264,335$336,069$12,002iApproximate average salary by contribution assumption: employee only about $300,062 at 4% or $200,041 at 6%; with 50% employer match about $200,041 at 4% or $133,361 at 6%; with 100% employer match about $150,031 at 4% or $100,021 at 6%.
2011126$4,621,173$325,764$12,529iApproximate average salary by contribution assumption: employee only about $313,235 at 4% or $208,823 at 6%; with 50% employer match about $208,823 at 4% or $139,215 at 6%; with 100% employer match about $156,617 at 4% or $104,412 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-26$4,621,173$325,764$12,529iApproximate average salary by contribution assumption: employee only about $313,235 at 4% or $208,823 at 6%; with 50% employer match about $208,823 at 4% or $139,215 at 6%; with 100% employer match about $156,617 at 4% or $104,412 at 6%.
2010128$4,422,479$394,060$14,074iApproximate average salary by contribution assumption: employee only about $351,839 at 4% or $234,560 at 6%; with 50% employer match about $234,560 at 4% or $156,373 at 6%; with 100% employer match about $175,920 at 4% or $117,280 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-28$4,422,479$394,060$14,074iApproximate average salary by contribution assumption: employee only about $351,839 at 4% or $234,560 at 6%; with 50% employer match about $234,560 at 4% or $156,373 at 6%; with 100% employer match about $175,920 at 4% or $117,280 at 6%.
2009127$3,813,819$341,051$12,632iApproximate average salary by contribution assumption: employee only about $315,788 at 4% or $210,525 at 6%; with 50% employer match about $210,525 at 4% or $140,350 at 6%; with 100% employer match about $157,894 at 4% or $105,263 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-27$3,813,819$341,051$12,632iApproximate average salary by contribution assumption: employee only about $315,788 at 4% or $210,525 at 6%; with 50% employer match about $210,525 at 4% or $140,350 at 6%; with 100% employer match about $157,894 at 4% or $105,263 at 6%.
2008128$2,755,368$345,290$12,332iApproximate average salary by contribution assumption: employee only about $308,295 at 4% or $205,530 at 6%; with 50% employer match about $205,530 at 4% or $137,020 at 6%; with 100% employer match about $154,147 at 4% or $102,765 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-28$2,755,368$345,290$12,332iApproximate average salary by contribution assumption: employee only about $308,295 at 4% or $205,530 at 6%; with 50% employer match about $205,530 at 4% or $137,020 at 6%; with 100% employer match about $154,147 at 4% or $102,765 at 6%.
2007127$3,801,716$389,522$14,427iApproximate average salary by contribution assumption: employee only about $360,669 at 4% or $240,446 at 6%; with 50% employer match about $240,446 at 4% or $160,297 at 6%; with 100% employer match about $180,334 at 4% or $120,223 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-27$3,801,716$389,522$14,427iApproximate average salary by contribution assumption: employee only about $360,669 at 4% or $240,446 at 6%; with 50% employer match about $240,446 at 4% or $160,297 at 6%; with 100% employer match about $180,334 at 4% or $120,223 at 6%.
2006130$3,202,239$354,598$11,820iApproximate average salary by contribution assumption: employee only about $295,498 at 4% or $196,999 at 6%; with 50% employer match about $196,999 at 4% or $131,333 at 6%; with 100% employer match about $147,749 at 4% or $98,499 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-30$3,202,239$354,598$11,820iApproximate average salary by contribution assumption: employee only about $295,498 at 4% or $196,999 at 6%; with 50% employer match about $196,999 at 4% or $131,333 at 6%; with 100% employer match about $147,749 at 4% or $98,499 at 6%.
2005227$2,760,898$335,959$12,443iApproximate average salary by contribution assumption: employee only about $311,073 at 4% or $207,382 at 6%; with 50% employer match about $207,382 at 4% or $138,255 at 6%; with 100% employer match about $155,537 at 4% or $103,691 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-27$2,760,898$278,816$10,327iApproximate average salary by contribution assumption: employee only about $258,163 at 4% or $172,109 at 6%; with 50% employer match about $172,109 at 4% or $114,739 at 6%; with 100% employer match about $129,081 at 4% or $86,054 at 6%.
Merchants State Bank of Freeman Pension Plan-0-$57,143-
2004226$2,274,807$308,954$11,883iApproximate average salary by contribution assumption: employee only about $297,071 at 4% or $198,047 at 6%; with 50% employer match about $198,047 at 4% or $132,032 at 6%; with 100% employer match about $148,536 at 4% or $99,024 at 6%.
Merchants State Bank of Freeman Pension Plan-26$1,410,877$123,985$4,769iApproximate average salary by contribution assumption: employee only about $119,216 at 4% or $79,478 at 6%; with 50% employer match about $79,478 at 4% or $52,985 at 6%; with 100% employer match about $59,608 at 4% or $39,739 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-26$863,930$184,969$7,114iApproximate average salary by contribution assumption: employee only about $177,855 at 4% or $118,570 at 6%; with 50% employer match about $118,570 at 4% or $79,047 at 6%; with 100% employer match about $88,927 at 4% or $59,285 at 6%.
2003225$1,781,958$237,427$9,497iApproximate average salary by contribution assumption: employee only about $237,427 at 4% or $158,285 at 6%; with 50% employer match about $158,285 at 4% or $105,523 at 6%; with 100% employer match about $118,714 at 4% or $79,142 at 6%.
Merchants State Bank of Freeman Pension Plan-25$1,168,383$107,710$4,308iApproximate average salary by contribution assumption: employee only about $107,710 at 4% or $71,807 at 6%; with 50% employer match about $71,807 at 4% or $47,871 at 6%; with 100% employer match about $53,855 at 4% or $35,903 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-25$613,575$129,717$5,189iApproximate average salary by contribution assumption: employee only about $129,717 at 4% or $86,478 at 6%; with 50% employer match about $86,478 at 4% or $57,652 at 6%; with 100% employer match about $64,859 at 4% or $43,239 at 6%.
2002225$1,242,918$215,948$8,638iApproximate average salary by contribution assumption: employee only about $215,948 at 4% or $143,965 at 6%; with 50% employer match about $143,965 at 4% or $95,977 at 6%; with 100% employer match about $107,974 at 4% or $71,983 at 6%.
Merchants State Bank of Freeman Pension Plan-25$856,152$97,627$3,905iApproximate average salary by contribution assumption: employee only about $97,627 at 4% or $65,085 at 6%; with 50% employer match about $65,085 at 4% or $43,390 at 6%; with 100% employer match about $48,814 at 4% or $32,542 at 6%.
Merchants State Bank of Freeman 401K Profit Sharing Plan-25$386,766$118,321$4,733iApproximate average salary by contribution assumption: employee only about $118,321 at 4% or $78,881 at 6%; with 50% employer match about $78,881 at 4% or $52,587 at 6%; with 100% employer match about $59,161 at 4% or $39,440 at 6%.
2000216$0$0-
Merchants State Bank of Freeman Pension Plan-16---
Merchants State Bank of Freeman 401K Profit Sharing Plan-16---