Who sponsors the First Century Bank 401(K) Plan?

First Century Bank 401(K) Plan is reported as sponsored by First Century Bank (EIN 62-0161420, plan number 002) in public Form 5500 filings.

What is the most recent Form 5500 filing year for First Century Bank 401(K) Plan?

The latest Form 5500 filing year loaded for First Century Bank 401(K) Plan is 2023.

How many participants does First Century Bank 401(K) Plan report?

First Century Bank 401(K) Plan reports 99 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for First Century Bank 401(K) Plan?

First Century Bank 401(K) Plan reports $6,299,968 in end-of-year plan assets in its latest loaded Form 5500 filing.

First Century Bank 401(K) Plan — Form 5500 plan (First Century Bank)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, First Century Bank 401(K) Plan is a benefit plan reported by First Century Bank under EIN 62-0161420 and plan number 002. The latest loaded filing year is 2023. The filing reports 99 participants and $6,299,968 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$6.3MPlan net assets, end of year$6,299,967

Participants99Covered participants reported

Assets / participant$63.6KComputed: assets ÷ participants$63,636 (computed)

Provider compensationNone reported

Plan sponsor: First Century Bank
EIN: 62-0161420
Plan number: 002
Plan type: 2
Location: Tazewell, TN
Latest filing year: 2023

EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

2023
99 participants · 2Sch I
View filing →

Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$6.3M total assets

Net assets$6.3MLiabilities$1

Money in vs. money out

Total income / additions$1.3M

Total expenses$1.2M

Benefits paid / distributions$1.2M

Contributions

Employer$226.2K

Participant$373.3K

Full reported line items

Net assets

Total assets (EOY): $6,299,968
Total liabilities (EOY): $1
Net assets (EOY): $6,299,967
Net assets (BOY): $6,179,950

Income & contributions

Employer contributions: $226,192
Participant contributions: $373,348
Total income / additions: $1,316,759

Expenses & distributions

Benefits paid: $1,183,120
Administrative expenses: $13,622
Total expenses: $1,196,742
Net increase / (decrease): $120,017

Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)

38%62%

Employer 38%Participant 62%

Total expenses ÷ net assets19%Computed ratio

Benefits paid ÷ total income90%Computed ratio

Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

No Schedule C service provider compensation is loaded for this plan yet.