# Local Bank (Bank Of Cherokee County) 401(k) Plan
Source: https://planprovider.pro/companies/bank-of-cherokee-county-401k-plan

> Local Bank (Bank Of Cherokee County)'s 401(k) plan: 73 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Local Bank (Bank Of Cherokee County)

- **Sponsor EIN:** 730242160

- **Sponsor Address:** P. O. BOX 660, HULBERT, OK, 744410660

- **Plan Type:** 401(k)

- **Total Participants:** 73

- **Total Assets:** $2.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|73|$2.9M|$142,516|$203,462|

| 2023|53|$2.3M|$121,140|$162,495|

| 2022|55|$1.8M|$78,233|$82,324|

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