Century Bank 401(K) Plan — Form 5500 plan (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, Century Bank 401(K) Plan is a benefit plan reported by Century Bank under EIN 85-0056050 and plan number 001. The latest loaded filing year is 2023. The filing reports 208 participants and $23,251,323 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Century Bank
- EIN
- 85-0056050
- Plan number
- 001
- Plan type
- 2
- Location
- Santa Fe, NM
- Latest filing year
- 2023
- Participants
- 208
- End-of-year plan assets
- $23,251,323
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 208 | H, C | 20240925090900NAL0008175827001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,251,323
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,251,323
- Net assets (BOY)
- $21,804,010
Income & contributions
- Employer contributions
- $1,211,517
- Participant contributions
- $938,448
- Total contributions
- $2,149,965
- Total income / additions
- $4,994,615
Expenses & distributions
- Benefits paid
- $3,463,238
- Administrative expenses
- $84,064
- Total expenses
- $3,547,302
- Net increase / (decrease)
- $1,447,313
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $84,242 | $0 | 2023 |
| Northwestern Mutual Investment Serv | OTHER SERVICES | $0 | $3,861 | 2023 |
| Pension Planning Consultants Inc | OTHER SERVICES | $0 | $1,506 | 2023 |
| Wishire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Century Bank
- 2023 Form 5500 filing
- Form 5500 filings in NM
- 401(k) and benefit plan filings in Santa Fe, NM
- Principal Life Insurance Company — Schedule C compensation
- Northwestern Mutual Investment Serv — Schedule C compensation
- Pension Planning Consultants Inc — Schedule C compensation
- Wishire Advisors LLC — Schedule C compensation