Plan Snapshot
- Plan Sponsor: Colony Bankcorp, INC.
- Sponsor EIN: 581492391
- Sponsor Address: 2900 OLD DAWSON RD, ALBANY, GA, 31721
- Plan Type: 401(k)
- Total Participants: 483
- Total Assets: $34.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 483 | $34.3M | $1.8M | $2.9M |
| 2023 | 488 | $28.2M | $1.8M | $3.1M |
| 2022 | 504 | $23.2M | $1.8M | $3.1M |
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 |
|---|---|---|---|---|
| MAULDIN & JENKINS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MAULDIN & JENKINS — Auditor
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 | $157,483 | $28,677 | $123,347 | — | — |
| 2023 | $127,409 | $20,871 | $81,718 | — | — |
| 2022 | $122,172 | $10,460 | $96,022 | — | $15,690 |