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Original filing (PDF)20251008085541NAL0009058160001
CENTENNIAL BANK, INC.
Form 5500
FILING_RECEIVED
CENTENNIAL BANK, INC. PROFIT SHARING PLAN
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
155
Accounts w/ balance
139
Plan assets (EOY)
$11.7M
Net assets (EOY)
$11.7M
How this plan invests
This plan
25 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 45 bps in Schedule C fees — 57% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for CENTENNIAL BANK, INC..
Plan sponsor
Name
CENTENNIAL BANK, INC.
EIN
62-0198140
Address
5420 BROAD ST S · PO BOX 308 · TREZEVANT, TN · 382580308
Phone
(731) 669-2370
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-08
Pension benefit codes
2A · Age/service weighted or new comparability
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3F · Sponsor used leased employees
Audit & trust (Schedule H)
Auditor
ATA, PC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsTPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $53K | — |
Other
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FNBB CAPITAL MARKETS | 20-0532898 | — | OTHER SERVICES | $0 | — |
| MORNINGSTAR INVESTMENT MANAGEMENT L | 36-4317381 | — | INV ADV, PARTICIPANTS | $0 | — |
Investments
24 direct securities· $11.6M(99% of reported assets)
Uncategorized
$11.4M
23 holdings
Mutual Funds
$194K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| OR SIMILAR PARTY MATURITY DATE, RATE OF INTEREST, COLLARTERAL, PAR OR MATURITY VALUE General insurance contract | — | — | — | $2.7M | 23.3% | |
| Fidelity US Bond Index Fund | — | — | — | $1.7M | 14.5% | |
| Fidelity International Equity Index Fund | — | — | — | $1.1M | 9.1% | |
| Fidelity Adv High Inc Advant Z Fund 959 Fidelity LC GR Index Fund | — | — | — | $1.0M | 8.7% | |
| Vanguard Value Index Fund | — | — | — | $824K | 7.0% | |
| Fidelity 500 Index Fund | — | — | — | $778K | 6.6% | |
| JP Morgan JP Morgan Mortgage Backed Securities R6 Fund | — | — | — | $587K | 5.0% | |
| JP Morgan JP Morgan Large Cap Gr R6 Fund | — | — | — | $495K | 4.2% | |
| Neuberger Berman Management, Inc. Neub Berm Large Cap Value R6 Fund | — | — | — | $301K | 2.6% | |
| Fidelity Mid Cap Index Fund | — | — | — | $283K | 2.4% | |
| Vanguard Small Cap Index Adm Fund | — | — | — | $272K | 2.3% | |
| Janus Henderson Janus Henderson Enter N Fund | — | — | — | $251K | 2.1% | |
| American Funds American Funds New Perspective | — | — | — | $225K | 1.9% | |
| Vanguard Small Cap Growth Index | — | — | — | $208K | 1.8% | |
| Vanguard Small Cap Value Index | Mutual Funds | — | — | $194K | 1.6% | |
| Invesco Small Cap Value R6 Fund | — | — | — | $187K | 1.6% | |
| Vanguard Growth Index Fund | — | — | — | $165K | 1.4% | |
| American Funds New World Fund | — | — | — | $159K | 1.4% | |
| Participants Notes receivable from participants (5.25-10.5%) | — | — | — | $77K | 0.7% | |
| (E) | — | — | $1K | $77K | 0.7% | |
| (E) | — | — | $1K | $3K | <0.1% | |
| Dimensional Fund Advisors DFA Real Estate Secs I Fund | — | — | — | $3K | <0.1% | |
| JP Morgan JP Morgan Small Cap Blend R6 Fund | — | — | — | $1K | <0.1% | |
| American Century Investment Management AM Cent SD Inf Prt Bd R6 Fund | — | — | — | $1K | <0.1% |
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