Plan Snapshot
- Plan Sponsor: Central Bancshares, INC.
- Sponsor EIN: 421153883
- Sponsor Address: 301 IOWA AVENUE, MUSCATINE, IA, 52761
- Plan Type: 401(k)
- Total Participants: 283
- Total Assets: $45.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 283 | $45.1M | $1.2M | $1.6M |
| 2023 | 275 | $38.1M | $992,184 | $1.2M |
| 2022 | 210 | $31.9M | $906,373 | $1.2M |
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 |
|---|---|---|---|---|
| PLANTE MORAN | Auditor | — | — | $0 |
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 | $92,592 | — | — | — | — |
| 2023 | $72,424 | — | — | — | — |
| 2022 | $72,713 | — | $72,713 | — | — |