# Garrett State Bank 401(k) Plan
Source: https://planprovider.pro/companies/garrett-state-bank-401k-plan

> Garrett State Bank&#39;s 401(k) plan: 26 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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