Cb&s Bank, Inc. 401(k) Review & Grade
Cb&s Bank 401(k) Profit Sharing Plan
Russellville, ALFinance & Insurance510 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,225Employer $ per active participant
$4,013Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$41.8MNet plan assets, end of year
$74,574Average balance per account
Score breakdown
- Employer generosity42.5 / 5085th percentile for employer $ per participant
- Low cost12.9 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 52th |
| Employee saving | 13th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cb&s Bank put in about $7,225 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,684,863 |
| Participant (employee) contributions | $2,046,556 |
| Other contributions (incl. rollovers in) | $2,397,894 |
| Administrative expenses paid from the plan | $83,659 |
| Contract administrator fees | $50,734 |
| Investment advisory & management fees | $20,175 |
| Benefits paid out | $5,170,371 |
| Net assets, start / end of year | $35.4M / $41.8M |
| Active participants, start / end of year | 518 / 502 |
| Participants with account balances | 560 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maudlin & Jenkins Cpas & Advisors |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $30,595 reported compensation |
| Fnbb Capital Markets | $27,664 reported compensation |
| Fnbb Capital Markets | $20,188 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251029153206NAL0001474160001, received 2025-10-29, EIN 63-0041560, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.