# Black Mountain Savings Bank, Ssb 401(k) Plan
Source: https://planprovider.pro/companies/black-mountain-savings-bank-ssb-401k-plan

> Black Mountain Savings Bank, Ssb's 401(k) plan: 5 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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