Plan Snapshot
- Plan Sponsor: Us Century Bank
- Sponsor EIN: 522371258
- Sponsor Address: 2301 NW 87TH AVENUE, MIAMI, FL, 33172
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $16.3M
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 | 198 | $16.3M | $353,914 | $1.1M |
| 2023 | 188 | $13.7M | $305,799 | $938,355 |
| 2022 | 185 | $11.9M | $312,958 | $924,837 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PAAST | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $49,260 | $2,125 | $44,498 | — | — |
| 2023 | $2,232 | — | — | — | — |
| 2022 | $2,990 | — | — | — | — |