Morton Community Bank 401(k) Plan: Login, Facts & Contact Information

Morton Community Bank 401(k) Plan Facts

Plan name
MORTON COMMUNITY BANK 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MORTON COMMUNITY BANK
Participants
678 (613 active employees)
Former employees with a balance
75
Plan assets
$58,238,450 at Dec 31, 2024
Average account balance
$152,457 across 382 accounts
Employer contributions
$739,139 in plan year 2024 (19% of all contributions)
Recordkeeper
Alliance Pension Consultants, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 17, 1997
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 26, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.91 million went into the plan in contributions, $739,139 of it from the employer (19%).
  • $3.86 million was paid out to participants.
  • Investment and other income added $7.34 million.
  • Administrative expenses were $121,950, about $319 per account.

How the Morton Community Bank 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019471$12.0 million—$653,349
2020540$35.2 million$356,182$3.19 million
2021542$42.5 million$532,016$2.20 million
2022534$41.0 million$611,653$1.68 million
2023671$51.0 million$661,483$1.99 million
2024678$58.2 million$739,139$3.86 million

Morton Community Bank 401(k) Contact Information

Phone
309-925-2511
Mailing address
721 WEST JACKSON STREET, MORTON IL 61550
Plan sponsor
MORTON COMMUNITY BANK
Employer identification number (EIN)
37-0808298
Plan number
003

Questions about the Morton Community Bank 401(k)

Does Morton Community Bank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $739,139, 19% of all contributions.

Does the Morton Community Bank 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Morton Community Bank 401(k) plan?

678 participants at the start of plan year 2024, 613 of them active employees, and 75 former employees who still had money in the plan.

What is the average 401(k) balance at Morton Community Bank?

About $152,457 per account: $58.2 million in plan assets across 382 accounts with a balance at the end of plan year 2024.

Who manages the Morton Community Bank 401(k) accounts?

Alerus (listed on the filing as ALLIANCE PENSION CONSULTANTS, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Morton Community Bank. How do I access my 401(k)?

Your account stays with Alerus 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.

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