Plan Snapshot
- Plan Sponsor: Black Mountain Savings Bank, Ssb
- Sponsor EIN: 560142695
- Sponsor Address: 200 EAST STATE STREET, PO BOX 729, BLACK MOUNTAIN, NC, 28711
- Plan Type: 401(k)
- Total Participants: 5
- Total Assets: $2.7M
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 | 5 | $2.7M | $47,842 | $23,921 |
| 2023 | 5 | $2.4M | $49,586 | $24,243 |
| 2022 | 6 | $2.3M | $50,481 | $24,694 |