2023 Form 5500 filing — Century Bank 401(K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240925090900NAL0008175827001) for Century Bank 401(K) Plan, reported by Century Bank under EIN 85-0056050 and plan number 001. It reports 208 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240925090900NAL0008175827001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Century Bank
- EIN
- 85-0056050
- Plan number
- 001
- Location
- Santa Fe, NM
- Participants
- 208
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,251,323
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,251,323
- Employer contributions
- $1,211,517
- Participant contributions
- $938,448
- Total income / additions
- $4,994,615
- Benefits paid
- $3,463,238
- Administrative expenses
- $84,064
- Total expenses
- $3,547,302
- Net increase / (decrease)
- $1,447,313
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $84,242 | $0 |
| Northwestern Mutual Investment Serv | OTHER SERVICES | $0 | $3,861 |
| Pension Planning Consultants Inc | OTHER SERVICES | $0 | $1,506 |
| Wishire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |