Civic Intelligence

M&F Bancorp Inc.

Plan context: M&F BANCORP, INC. 401(K) PLAN

EIN 56-1980549 • Durham, NC • 34 filings • 2 plans

2634 Durham-chapel Hill Blvd.Durham, NC 27707
Current Snapshot

Latest Year

2024

2024 Participants

71

2024 Assets

$13,798,013

2024 Contributions

$645,070

Historical Graphs

Total Assets Over Time

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

$15,533,307$7,766,654$0200620162024YearValue
$13,798,013Latest year 2024

Participants Over Time

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

90450200320152024YearValue
71Latest 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
2024271$13,798,013$645,070$9,085iApproximate average salary by contribution assumption: employee only about $227,137 at 4% or $151,425 at 6%; with 50% employer match about $151,425 at 4% or $100,950 at 6%; with 100% employer match about $113,569 at 4% or $75,712 at 6%.
M&F BANCORP, INC. 401(K) PLAN-71$8,002,894$645,070$9,085iApproximate average salary by contribution assumption: employee only about $227,137 at 4% or $151,425 at 6%; with 50% employer match about $151,425 at 4% or $100,950 at 6%; with 100% employer match about $113,569 at 4% or $75,712 at 6%.
M&F Bancorp Inc. Cash Balance Plan-60$5,795,119$0-
2023273$13,980,748$546,887$7,492iApproximate average salary by contribution assumption: employee only about $187,290 at 4% or $124,860 at 6%; with 50% employer match about $124,860 at 4% or $83,240 at 6%; with 100% employer match about $93,645 at 4% or $62,430 at 6%.
M&F BANCORP, INC. 401(K) PLAN-73$7,881,137$546,887$7,492iApproximate average salary by contribution assumption: employee only about $187,290 at 4% or $124,860 at 6%; with 50% employer match about $124,860 at 4% or $83,240 at 6%; with 100% employer match about $93,645 at 4% or $62,430 at 6%.
M&F Bancorp Inc. Cash Balance Plan-63$6,099,611$0-
2022279$12,755,221$551,847$6,985iApproximate average salary by contribution assumption: employee only about $174,635 at 4% or $116,423 at 6%; with 50% employer match about $116,423 at 4% or $77,616 at 6%; with 100% employer match about $87,318 at 4% or $58,212 at 6%.
M&F BANCORP, INC. 401(K) PLAN-79$7,041,921$551,847$6,985iApproximate average salary by contribution assumption: employee only about $174,635 at 4% or $116,423 at 6%; with 50% employer match about $116,423 at 4% or $77,616 at 6%; with 100% employer match about $87,318 at 4% or $58,212 at 6%.
M&F Bancorp Inc. Cash Balance Plan-68$5,713,300$0-
2021279$15,533,307$454,422$5,752iApproximate average salary by contribution assumption: employee only about $143,804 at 4% or $95,870 at 6%; with 50% employer match about $95,870 at 4% or $63,913 at 6%; with 100% employer match about $71,902 at 4% or $47,935 at 6%.
M&F BANCORP, INC. 401(K) PLAN-67$7,842,199$454,422$6,782iApproximate average salary by contribution assumption: employee only about $169,560 at 4% or $113,040 at 6%; with 50% employer match about $113,040 at 4% or $75,360 at 6%; with 100% employer match about $84,780 at 4% or $56,520 at 6%.
M&F Bancorp Inc. Cash Balance Plan-79$7,691,108$0-
2020278$13,828,568$438,987$5,628iApproximate average salary by contribution assumption: employee only about $140,701 at 4% or $93,801 at 6%; with 50% employer match about $93,801 at 4% or $62,534 at 6%; with 100% employer match about $70,350 at 4% or $46,900 at 6%.
M&F Bancorp Inc. Cash Balance Plan-78$7,245,908$0-
M&F BANCORP, INC. 401(K) PLAN-67$6,582,660$438,987$6,552iApproximate average salary by contribution assumption: employee only about $163,801 at 4% or $109,201 at 6%; with 50% employer match about $109,201 at 4% or $72,800 at 6%; with 100% employer match about $81,901 at 4% or $54,600 at 6%.
2019282$12,971,235$796,757$9,717iApproximate average salary by contribution assumption: employee only about $242,914 at 4% or $161,942 at 6%; with 50% employer match about $161,942 at 4% or $107,962 at 6%; with 100% employer match about $121,457 at 4% or $80,971 at 6%.
M&F Bancorp Inc. Cash Balance Plan-82$6,859,386$350,000$4,268iApproximate average salary by contribution assumption: employee only about $106,707 at 4% or $71,138 at 6%; with 50% employer match about $71,138 at 4% or $47,425 at 6%; with 100% employer match about $53,354 at 4% or $35,569 at 6%.
M&F BANCORP, INC. 401(K) PLAN-70$6,111,849$446,757$6,382iApproximate average salary by contribution assumption: employee only about $159,556 at 4% or $106,371 at 6%; with 50% employer match about $106,371 at 4% or $70,914 at 6%; with 100% employer match about $79,778 at 4% or $53,185 at 6%.
2018287$11,313,265$412,213$4,738iApproximate average salary by contribution assumption: employee only about $118,452 at 4% or $78,968 at 6%; with 50% employer match about $78,968 at 4% or $52,645 at 6%; with 100% employer match about $59,226 at 4% or $39,484 at 6%.
M&F Bancorp Inc. Cash Balance Plan-87$6,021,760$0-
M&F BANCORP, INC. 401(K) PLAN-78$5,291,505$412,213$5,285iApproximate average salary by contribution assumption: employee only about $132,120 at 4% or $88,080 at 6%; with 50% employer match about $88,080 at 4% or $58,720 at 6%; with 100% employer match about $66,060 at 4% or $44,040 at 6%.
2017290$11,828,912$954,276$10,603iApproximate average salary by contribution assumption: employee only about $265,077 at 4% or $176,718 at 6%; with 50% employer match about $176,718 at 4% or $117,812 at 6%; with 100% employer match about $132,538 at 4% or $88,359 at 6%.
M&F Bancorp Inc. Cash Balance Plan-90$6,598,445$550,000$6,111iApproximate average salary by contribution assumption: employee only about $152,778 at 4% or $101,852 at 6%; with 50% employer match about $101,852 at 4% or $67,901 at 6%; with 100% employer match about $76,389 at 4% or $50,926 at 6%.
M&F BANCORP, INC. 401(K) PLAN-71$5,230,467$404,276$5,694iApproximate average salary by contribution assumption: employee only about $142,351 at 4% or $94,900 at 6%; with 50% employer match about $94,900 at 4% or $63,267 at 6%; with 100% employer match about $71,175 at 4% or $47,450 at 6%.
2016266$10,027,927$946,136$14,335iApproximate average salary by contribution assumption: employee only about $358,385 at 4% or $238,923 at 6%; with 50% employer match about $238,923 at 4% or $159,282 at 6%; with 100% employer match about $179,192 at 4% or $119,462 at 6%.
M&F Bancorp Inc. Cash Balance Plan-37$5,533,921$550,000$14,865iApproximate average salary by contribution assumption: employee only about $371,622 at 4% or $247,748 at 6%; with 50% employer match about $247,748 at 4% or $165,165 at 6%; with 100% employer match about $185,811 at 4% or $123,874 at 6%.
M&F BANCORP, INC. 401(K) PLAN-66$4,494,006$396,136$6,002iApproximate average salary by contribution assumption: employee only about $150,052 at 4% or $100,034 at 6%; with 50% employer match about $100,034 at 4% or $66,690 at 6%; with 100% employer match about $75,026 at 4% or $50,017 at 6%.
2015270$9,699,981$756,060$10,801iApproximate average salary by contribution assumption: employee only about $270,021 at 4% or $180,014 at 6%; with 50% employer match about $180,014 at 4% or $120,010 at 6%; with 100% employer match about $135,011 at 4% or $90,007 at 6%.
M&F Bancorp Inc. Cash Balance Plan-50$5,093,640$350,000$7,000iApproximate average salary by contribution assumption: employee only about $175,000 at 4% or $116,667 at 6%; with 50% employer match about $116,667 at 4% or $77,778 at 6%; with 100% employer match about $87,500 at 4% or $58,333 at 6%.
M&F BANCORP, INC. 401(K) PLAN-70$4,606,341$406,060$5,801iApproximate average salary by contribution assumption: employee only about $145,021 at 4% or $96,681 at 6%; with 50% employer match about $96,681 at 4% or $64,454 at 6%; with 100% employer match about $72,511 at 4% or $48,340 at 6%.
2014270$10,791,888$821,581$11,737iApproximate average salary by contribution assumption: employee only about $293,422 at 4% or $195,615 at 6%; with 50% employer match about $195,615 at 4% or $130,410 at 6%; with 100% employer match about $146,711 at 4% or $97,807 at 6%.
M&F Bancorp Inc. Cash Balance Plan-68$5,484,051$350,000$5,147iApproximate average salary by contribution assumption: employee only about $128,676 at 4% or $85,784 at 6%; with 50% employer match about $85,784 at 4% or $57,190 at 6%; with 100% employer match about $64,338 at 4% or $42,892 at 6%.
M&F BANCORP, INC. 401(K) PLAN-70$5,307,837$471,581$6,737iApproximate average salary by contribution assumption: employee only about $168,422 at 4% or $112,281 at 6%; with 50% employer match about $112,281 at 4% or $74,854 at 6%; with 100% employer match about $84,211 at 4% or $56,141 at 6%.
2013274$10,466,433$770,250$10,409iApproximate average salary by contribution assumption: employee only about $260,220 at 4% or $173,480 at 6%; with 50% employer match about $173,480 at 4% or $115,653 at 6%; with 100% employer match about $130,110 at 4% or $86,740 at 6%.
M&F BANCORP, INC. 401(K) PLAN-74$5,257,254$445,250$6,017iApproximate average salary by contribution assumption: employee only about $150,422 at 4% or $100,282 at 6%; with 50% employer match about $100,282 at 4% or $66,854 at 6%; with 100% employer match about $75,211 at 4% or $50,141 at 6%.
M&F Bancorp Inc. Cash Balance Plan-71$5,209,179$325,000$4,577iApproximate average salary by contribution assumption: employee only about $114,437 at 4% or $76,291 at 6%; with 50% employer match about $76,291 at 4% or $50,861 at 6%; with 100% employer match about $57,218 at 4% or $38,146 at 6%.
2012277$9,364,609$810,136$10,521iApproximate average salary by contribution assumption: employee only about $263,031 at 4% or $175,354 at 6%; with 50% employer match about $175,354 at 4% or $116,903 at 6%; with 100% employer match about $131,516 at 4% or $87,677 at 6%.
M&F BANCORP, INC. 401(K) PLAN-77$4,688,427$460,136$5,976iApproximate average salary by contribution assumption: employee only about $149,395 at 4% or $99,597 at 6%; with 50% employer match about $99,597 at 4% or $66,398 at 6%; with 100% employer match about $74,697 at 4% or $49,798 at 6%.
M&F Bancorp Inc. Cash Balance Plan-74$4,676,182$350,000$4,730iApproximate average salary by contribution assumption: employee only about $118,243 at 4% or $78,829 at 6%; with 50% employer match about $78,829 at 4% or $52,553 at 6%; with 100% employer match about $59,122 at 4% or $39,414 at 6%.
2011277$8,358,108$772,228$10,029iApproximate average salary by contribution assumption: employee only about $250,723 at 4% or $167,149 at 6%; with 50% employer match about $167,149 at 4% or $111,433 at 6%; with 100% employer match about $125,362 at 4% or $83,574 at 6%.
M&F BANCORP, INC. 401(K) PLAN-77$4,213,034$432,984$5,623iApproximate average salary by contribution assumption: employee only about $140,579 at 4% or $93,719 at 6%; with 50% employer match about $93,719 at 4% or $62,480 at 6%; with 100% employer match about $70,290 at 4% or $46,860 at 6%.
M&F Bancorp Inc. Cash Balance Plan-71$4,145,074$339,244$4,778iApproximate average salary by contribution assumption: employee only about $119,452 at 4% or $79,635 at 6%; with 50% employer match about $79,635 at 4% or $53,090 at 6%; with 100% employer match about $59,726 at 4% or $39,817 at 6%.
2010279$8,058,023$821,179$10,395iApproximate average salary by contribution assumption: employee only about $259,867 at 4% or $173,245 at 6%; with 50% employer match about $173,245 at 4% or $115,496 at 6%; with 100% employer match about $129,933 at 4% or $86,622 at 6%.
M&F Bancorp Inc. Cash Balance Plan-72$4,077,467$483,612$6,717iApproximate average salary by contribution assumption: employee only about $167,921 at 4% or $111,947 at 6%; with 50% employer match about $111,947 at 4% or $74,631 at 6%; with 100% employer match about $83,960 at 4% or $55,974 at 6%.
M&F BANCORP, INC. 401(K) PLAN-79$3,980,556$337,567$4,273iApproximate average salary by contribution assumption: employee only about $106,825 at 4% or $71,217 at 6%; with 50% employer match about $71,217 at 4% or $47,478 at 6%; with 100% employer match about $53,413 at 4% or $35,608 at 6%.
2009170$3,452,550$258,192$3,688iApproximate average salary by contribution assumption: employee only about $92,211 at 4% or $61,474 at 6%; with 50% employer match about $61,474 at 4% or $40,983 at 6%; with 100% employer match about $46,106 at 4% or $30,737 at 6%.
M&F Bancorp Inc. Cash Balance Plan-70$3,452,550$258,192$3,688iApproximate average salary by contribution assumption: employee only about $92,211 at 4% or $61,474 at 6%; with 50% employer match about $61,474 at 4% or $40,983 at 6%; with 100% employer match about $46,106 at 4% or $30,737 at 6%.
2007171$0$0-
M&F Bancorp Inc. Cash Balance Plan-71---
2006167$4,619,692$708,470$10,574iApproximate average salary by contribution assumption: employee only about $264,354 at 4% or $176,236 at 6%; with 50% employer match about $176,236 at 4% or $117,491 at 6%; with 100% employer match about $132,177 at 4% or $88,118 at 6%.
M&F Bancorp Inc. Cash Balance Plan-67$4,619,692$708,470$10,574iApproximate average salary by contribution assumption: employee only about $264,354 at 4% or $176,236 at 6%; with 50% employer match about $176,236 at 4% or $117,491 at 6%; with 100% employer match about $132,177 at 4% or $88,118 at 6%.
2003177$0$0-
M&F Bancorp Inc. Cash Balance Plan-77---