Capitol Bancorp Limited Retirement Plan

Capitol Bancorp Ltd, Lansing MI. Employer ID 382761672, plan number 333. Annual reports on file for 2009 to 2013.

Where the money went

Plans that moved money into this one:

2010: money from Capitol Bancorp Ltd Employee Stock Ownership Plan moved in.

Filed 2009-2013Capitol Bancorp Limited Retirement Plan, Capitol Bancorp Ltd
Stopped filingCapitol Bancorp Limited Retirement Plan stopped filing with no final report. It may be abandoned; see the places to ask below.

Records are kept by Principal Life Insurance Company, per the 2013 filing.

In plan year 2011, active participants fell from 1,068 to 797 (25%), and 136 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
In plan year 2013, active participants fell from 702 to 256 (64%), and 49 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing

This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.

Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.

No unusual events.

"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.

Plan year	Participants	Separated, still owed	Source
2009	1,903	571	Filing
2010	1,365	296	Filing
2011	1,017	218	Filing
2012	899	195	Filing
2013	734	476	Filing

Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.