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

> Century Bank's 401(k) plan: 115 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/mauldin-and-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|—|—|

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