Plan Snapshot
- Plan Sponsor: Century Bank
- Sponsor EIN: 850056050
- Sponsor Address: P.O. BOX 1507, SANTA FE, NM, 87504
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $24.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 138 | $24.5M | $1.1M | $923,020 |
| 2023 | 127 | $23.3M | $1.2M | $938,448 |
| 2022 | 133 | $21.8M | $1.1M | $882,231 |
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 |
|---|---|---|---|---|
| FORTNER BAYENS PC | 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 | $95,732 | — | $87,526 | — | — |
| 2023 | $84,064 | — | $78,225 | — | — |
| 2022 | $7,051 | — | $7,051 | — | — |