Plan Snapshot
- Plan Sponsor: Centier Bank
- Sponsor EIN: 350161790
- Sponsor Address: 600 E. 84TH AVENUE, MERRILLVILLE, IN, 46410
- Plan Type: 401(k)
- Total Participants: 1,069
- Total Assets: $264.4M
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 | 1,069 | $264.4M | $10.0M | $6.4M |
| 2023 | 1,019 | $235.3M | $8.7M | $5.8M |
| 2022 | 956 | $197.3M | $7.5M | $5.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $36,179 | — | $36,179 |
| FORVIS MAZARS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,179
- Estimated Expense Ratio: 0.014% of plan assets
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 | $38,405 | — | $36,179 | — | — |
| 2023 | $35,335 | — | $33,727 | — | — |
| 2022 | $30,022 | — | $23,708 | — | $5,513 |