Centier Bank 401(k) match, vesting and fees
What Centier Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 214 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Centier Bank: employer contribution per participant | $9,332 | |
| Peer median | $3,266 |
| Centier Bank: average balance | $248,724 | |
| Peer median | $137,177 |
| Centier Bank: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $180M at the end of plan year 2021 to $300M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 1,213 | $300M | $11.3M | $9,332 | 0.02% | Not published | Form 5500 ↗ |
| 2024 | 1,169 | $256M | $10M | $8,577 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 1,262 | $228M | $8.7M | $7,026 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 1,103 | $193M | $7.5M | $6,931 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 1,150 | $180M | $5.9M | $5,158 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does Centier Bank match 401(k) contributions?
The match terms for the Centier Bank Associates' Stock Ownership and 401(k) Plan have not been published from its filing yet. The plan year 2025 filing reports $11.3M in employer contributions, about $9,332 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Centier Bank 401(k) match vested?
The vesting schedule for the Centier Bank Associates' Stock Ownership and 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Centier Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Principal Life Insurance Company. The plan administrator is Centier Bank.
I left Centier Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Centier Bank, (219) 755-6160) or the recordkeeper, Principal Life Insurance Company. The Centier Bank old 401(k) page lists the contacts from every plan filing. Find an old Centier Bank 401(k)
Data from the public Form 5500 annual reports Centier Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Centier Bank. Not financial advice. Report a correction · Methodology