Main Street Bank 401(k) match, vesting and fees
What Main Street Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | July Business Services, LLC | Schedule C ↗ |
| Independent auditor | S.R. Snodgrass, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Main Street Bank: employer contribution per participant | $1,746 | |
| Peer median | $2,868 |
| Main Street Bank: average balance | $60,884 | |
| Peer median | $95,281 |
| Main Street Bank: admin expenses ÷ assets | 0.31% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $6.7M at the end of plan year 2021 to $8.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 203 | $8.8M | $251K | $1,746 | 0.31% | Not published | Form 5500 ↗ |
| 2023 | 143 | $5.4M | $169K | $1,779 | 0.39% | Not published | Form 5500 ↗ |
| 2022 | 130 | $4.5M | $156K | $1,757 | 0.43% | Not published | Form 5500 ↗ |
| 2021 | 138 | $6.7M | $161K | $1,609 | 0.34% | Not published | Form 5500 ↗ |
Other Main Street Bank plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Wayne Savings Community Bank Defined Benefit Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Wayne Savings Community Bank Restated Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Pentegra Retirement Services, Inc. | 2023 Schedule C ↗ |
| Plan type and status | Retirement · Terminated (final filing) | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
Common questions
Does Main Street Bank match 401(k) contributions?
The match terms for the Main Street Bank Combined 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $251K in employer contributions, about $1,746 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Main Street Bank 401(k) match vested?
The vesting schedule for the Main Street Bank Combined 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Main Street Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is July Business Services, LLC. The plan administrator is Main Street Bank Corp..
I left Main Street Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Main Street Bank Corp., (330) 287-2824) or the recordkeeper, July Business Services, LLC. The Main Street Bank old 401(k) page lists the contacts from every plan filing. Find an old Main Street Bank 401(k)
Data from the public Form 5500 annual reports Main Street Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Main Street Bank. Not financial advice. Report a correction · Methodology