Department of Labor filing

MARKET STREET BANCSHARES, INC.

MARKET STREET BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 25, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

16filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$2,087

Reported employer contributions per active participant.

Higher than about 22% of comparable plans

#People in the filing

260

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$528 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 3% of comparable plans

↗Investment performance

Not available

Plan assets changed 16.3%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202416out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions22nd percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense3rd percentileTypical peer $184 · based on 1,443 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MARKET STREET BANCSHARES, INC. reported $542,725 in employer contributions across the plan and 260 active participants. That works out to $2,087 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy82%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 2.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 88.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context16/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $542,725
Participant contributions: $1,694,115
Other contributions: $439,554
Employer share of reported contributions: 24.3%
Beginning assets: $40,222,098
Ending assets: $46,794,722
Ending net assets: $46,794,722
Ending liabilities: $0
Total income: $7,862,897
Total expenses: $1,290,273
Administrative expenses: $165,828
Participant loans: $290,410

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,135

2023

$2,334

2024

$2,087

Plan-paid administrative expenses per participant

2022

$280

2023

$454

2024

$528

Active participants

2022

235

2023

229

2024

260

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,087	260	46.8M	20250925143452NAL0007725649001
2023	$2,334	229	40.2M	20240910133129NAL0005702065001
2022	$2,135	235	35.1M	20231005132634NAL0021707473001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 371201191-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1993
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2G2I2J2K2O2Q2T3H3I

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
PRINCIPAL LIFE INSURANCE COMPANY	2024	Not reported	unknown

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20250925143452NAL0007725649001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗