Plan Snapshot
- Plan Sponsor: Putnam 1st Mercantile Bank
- Sponsor EIN: 201390273
- Sponsor Address: 200 W JACKSON ST, COOKEVILLE, TN, 385013930
- Plan Type: 401(k)
- Total Participants: 34
- Total Assets: $3.2M
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 | 34 | $3.2M | $27,422 | $53,216 |
| 2023 | 0 | $1.2M | $23,067 | $47,410 |
| 2022 | 19 | $983,313 | $26,402 | $48,504 |