Century Bank and Trust401(k) + ESOP (KSOP)
CENTURY BANK AND TRUST EMPLOYEES STOCK OWNERSHIP PLAN AND TRUST · COLDWATER, MI · plan year 2024
Century Bank and Trust's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $15,753,046 across 126 participant accounts, with employer contributions averaging $9,944 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,217th-largest of 2,619 plans among Michigan employers on file, and 3,430th of 4,798 in finance & insurance. In 2024, the employer put in $1.87 for every $1.00 employees contributed themselves.
Century Bank and Trust's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 382307163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.