# Putnam 1st Mercantile Bank 401(k) Plan
Source: https://planprovider.pro/companies/putnam-1st-mercantile-bank-401k-plan

> Putnam 1st Mercantile Bank's 401(k) plan: 34 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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