Plan Snapshot
- Plan Sponsor: First Century Bank
- Sponsor EIN: 620161420
- Sponsor Address: 1780 NORTH BROAD STREET, TAZEWELL, TN, 37879
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $7.3M
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 | 95 | $7.3M | $252,420 | $447,165 |
| 2023 | 83 | $6.3M | $226,192 | $373,348 |
| 2022 | 90 | $6.2M | $185,129 | $346,410 |