Plan Snapshot
- Plan Sponsor: Baybank Corporation
- Sponsor EIN: 380580060
- Sponsor Address: 104 SOUTH 10TH STREET, GLADSTONE, MI, 49837
- Plan Type: 401(k)
- Total Participants: 33
- Total Assets: $1.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 33 | $1.4M | $57,859 | $103,808 |
| 2023 | 33 | $1.9M | $85,130 | $115,506 |
| 2022 | 32 | $1.7M | $82,102 | $108,160 |