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

> First Century Bank's 401(k) plan: 95 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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