Plan Snapshot
- Plan Sponsor: Garrett State Bank
- Sponsor EIN: 350328710
- Sponsor Address: P.O. BOX 29, GARRETT, IN, 46738
- Plan Type: 401(k)
- Total Participants: 26
- Total Assets: $14.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 26 | $14.9M | $171,196 | $174,399 |
| 2023 | 30 | $13.5M | $176,420 | $184,575 |
| 2022 | 29 | $12.5M | $178,905 | $193,921 |