Plan Snapshot
- Plan Sponsor: Charlevoix State Bank
- Sponsor EIN: 383188669
- Sponsor Address: 111 STATE ST, CHARLEVOIX, MI, 49720
- Plan Type: 401(k)
- Total Participants: 43
- Total Assets: $4.8M
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 | 43 | $4.8M | $60,889 | $146,190 |
| 2023 | 33 | $3.9M | $116,254 | $141,695 |
| 2022 | 31 | $3.7M | $104,074 | $143,407 |