401(k) · DOL Form 5500 · 2023

Centennial Bank, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
147
Participants Small participant base
60th
Percentile by assets National rank
$71,054
Avg per participant Below avg balance/head
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Official DOL plan name: Centennial Bank, Inc. Profit Sharing Plan · Sponsored by Centennial Bank, Inc. · Tennessee · Finance & Insurance

$10M in assets, 147 participants

Centennial Bank, Inc.'s Centennial Bank, Inc. Profit Sharing Plan reported $10M in total assets and 147 participants in its 2023 DOL Form 5500 filing, ranking in the 60th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,933 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

Centennial Bank, Inc. Profit Sharing Plan covers 147 participants in Tennessee, about 13% of the average Tennessee filer (state average ~1,126 per filing). Assets: $10M.

#3,933
in Finance & Insurance (8,869 peers)
+22.6%
assets growth YoY

Centennial Bank, Inc. Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Centennial Bank, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$10,444,954 Top 40% higher than 60% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Centennial Bank, Inc. Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Centennial Bank, Inc. Profit Sharing Plan sits mid-pack in the medium band (147 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Centennial Bank, Inc. Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Centennial Bank, Inc. Profit Sharing Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Centennial Bank, Inc. Profit Sharing Plan reported participants rose from 143 in the plan year 2022 filing to 147 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 620198140 · Centennial Bank, Inc. PY 2023 · 401(k)

Centennial Bank, Inc. Profit Sharing Plan · $10M · 147 · 60th

  • EBSA $10M
  • PART 147
  • TYPE 60th
  • NET 401(k)
  • BOOK near Petersen Precision Engineering, LLC 401(k) Savings Plan
  • VS-ST ind #3933

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Tennessee →

Centennial Bank, Inc. Profit Sharing Plan in the asset neighbourhood

System Soft Technologies, LLC 401(k) PlanSystem Soft Technologies, LL…$10MAps Healthcare Puerto Rico Retirement Savings PlanAps Healthcare Puerto Rico R…$10MAmericollect 401(k) Plan$10MCentennial Bank, Inc. Profit Sharing PlanCentennial Bank, Inc. Profit…$10MPetersen Precision Engineering, LLC 401(k) Savings PlanPetersen Precision Engineeri…$10M
End-of-year total assets ($M) among Centennial Bank, Inc. Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$2M
Employer EIN620198140
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Centennial Bank, Inc.)

Sponsor-wide plan assets over time

All Centennial Bank, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 37.72276249084064% vs 2022
2024 filing year
$8M$9M$10M$11M$12M$13M 202220232024 $8.52M $11.7M ▲ +37.7%
Year Plans Participants Total Assets
2022 1 143 $9M
2023 1 147 $10M
2024 1 149 $12M

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Centennial Bank, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Centennial Bank, Inc. Profit Sharing Plan, Total assets ($B): 0.010444954 · Participants: 147Centennial Bank, Inc. Profit Sharing PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Centennial Bank, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Centennial Bank, Inc. Profit Sharing Plan side-by-side with 3 peers →

Centennial Bank, Inc. Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Petersen Precision Engineering, LLC 401(k) Savings Plan in CA ($10M); by covered participants it is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Centennial Bank, Inc. Profit Sharing Plan assets move in 2023? ▼
Centennial Bank, Inc. Profit Sharing Plan grew sharply - up 22.6% during 2023, from $9M to $10M. Reported net income was $2M.
How have Centennial Bank, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Centennial Bank, Inc.'s sponsor-wide assets grew 37.7%, from $9M to $12M.
Which 401(k) plans are similar in size to Centennial Bank, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Petersen Precision Engineering, LLC 401(k) Savings Plan in CA ($10M, 145 participants).
Which 401(k) plans cover a similar participant headcount to Centennial Bank, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants, $7M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 620198140.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.