Plan Snapshot
- Plan Sponsor: Lumbee Guaranty Bank
- Sponsor EIN: 560990387
- Sponsor Address: 403 E. THIRD STREET, PEMBROKE, NC, 28372
- Plan Type: 401(k)
- Total Participants: 69
- Total Assets: $6.1M
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 | 69 | $6.1M | $85,328 | $225,934 |
| 2023 | 74 | $5.0M | $96,140 | $238,235 |
| 2022 | 77 | $4.5M | $83,994 | $202,062 |