Plan Snapshot
- Plan Sponsor: Centennial Bank, INC.
- Sponsor EIN: 620198140
- Sponsor Address: 5420 BROAD ST S, TREZEVANT, TN, 382580308
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $11.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 155 | $11.7M | $270,437 | $595,840 |
| 2023 | 149 | $10.4M | $253,368 | $536,041 |
| 2022 | 133 | $8.5M | $181,733 | $428,758 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ATA, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ATA, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $53,318 | — | $53,318 | — | — |
| 2023 | $48,512 | — | $48,512 | — | — |
| 2022 | $55,810 | — | $55,810 | — | — |