Plan5500

Colony Bankcorp, Inc. 401(K) Plan — Form 5500 plan (Colony Bankcorp, Inc.)

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, Colony Bankcorp, Inc. 401(K) Plan is a benefit plan reported by Colony Bankcorp, Inc. under EIN 58-1492391 and plan number 002. The latest loaded filing year is 2023. The filing reports 713 participants and $28,189,395 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Colony Bankcorp, Inc.
EIN
58-1492391
Plan number
002
Plan type
2
Location
Albany, GA
Latest filing year
2023
Participants
713
End-of-year plan assets
$28,189,395

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023713H, C20240726082737NAL0015690689001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$28,189,395
Total liabilities (EOY)
$0
Net assets (EOY)
$28,189,395
Net assets (BOY)
$23,160,799

Income & contributions

Employer contributions
$1,831,974
Participant contributions
$3,090,997
Total contributions
$5,666,759
Total income / additions
$8,986,398

Expenses & distributions

Benefits paid
$3,830,393
Administrative expenses
$127,409
Total expenses
$3,957,802
Net increase / (decrease)
$5,028,596

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$81,718$02023
Merrill Lynch Pierce Fenner & SmithCONSULTANT$45,691$02023

Related Form 5500 pages