# Centier Bank 401(k) Plan
Source: https://planprovider.pro/companies/centier-bank-401k-plan

> Centier Bank's 401(k) plan: 1,069 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/forvis-mazars-llp) — 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|

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