Plan Snapshot
- Plan Sponsor: Century Bank
- Sponsor EIN: 640116990
- Sponsor Address: 4282 MAIN STREET, LUCEDALE, MS, 394520647
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $7.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 115 | $7.1M | $189,418 | $392,083 |
| 2023 | 123 | $6.2M | $181,059 | $382,291 |
| 2022 | 126 | $6.4M | $157,332 | $356,664 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY INSURANCE SERVICE | BROKER/ADVISER | — | $5,768 | $5,768 |
| MAULDIN & JENKINS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MAULDIN & JENKINS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,768
- Estimated Expense Ratio: 0.081% 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 | $9,970 | — | — | — | — |
| 2023 | $6,441 | — | — | — | — |
| 2022 | $3,967 | — | $3,967 | — | — |