Mercantile Bank Of Michigan 401(k) Plan: Login, Facts & Contact Information
Mercantile Bank Of Michigan 401(k) Login
184 former Mercantile Bank Of Michigan employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Mercantile Bank Of Michigan 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 2, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $7.76 million went into the plan in contributions, $2.55 million of it from the employer (33%).
- $12.3 million was paid out to participants.
- Investment and other income added $13.8 million.
- Administrative expenses were $291,479, about $330 per account.
How the Mercantile Bank Of Michigan 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 869 | $74.6 million | $1.73 million | $5.21 million |
| 2020 | 971 | $79.5 million | $1.95 million | $5.62 million |
| 2021 | 868 | $93.9 million | $2.09 million | $6.75 million |
| 2022 | 876 | $81.0 million | $2.25 million | $6.48 million |
| 2023 | 885 | $100.9 million | $2.32 million | $4.35 million |
| 2024 | 900 | $109.8 million | $2.55 million | $12.3 million |
Mercantile Bank Of Michigan 401(k) Contact Information
Questions about the Mercantile Bank Of Michigan 401(k)
Does Mercantile Bank Of Michigan contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.55 million, 33% of all contributions.
Does the Mercantile Bank Of Michigan 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Mercantile Bank Of Michigan 401(k) plan?
900 participants at the start of plan year 2024, 697 of them active employees, and 184 former employees who still had money in the plan.
What is the average 401(k) balance at Mercantile Bank Of Michigan?
About $124,260 per account: $109.8 million in plan assets across 884 accounts with a balance at the end of plan year 2024.
Who manages the Mercantile Bank Of Michigan 401(k) accounts?
GREENLEAF TRUST is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Mercantile Bank Of Michigan. How do I access my 401(k)?
Your account stays with GREENLEAF TRUST after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.