Colony Bankcorp, Inc. 401(k): Principal, match 5% max
Colony Bankcorp, Inc. 401(k) Plan · CBAN · CIK 711669
Principal is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
5%
Colony Bankcorp, Inc. matches 100% (dollar-for-dollar) of the first 4% of pay, then 50% of the next 2% of pay, for a maximum employer match of 5% of pay.
From the Form 11-K filed June 26, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Colony Bankcorp puts in, and what the plan costs
What Colony Bankcorp put into the plan, per active participant
$3,804
Colony Bankcorp, Inc. put $3,804 into this plan for each of its 483 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Colony Bankcorp put in more per active participant than 59% of plans with 500–999 participants at banks and lenders. The middle plan in that group of 309 reported $3,434. Banks and lenders comes from business code 522120, which Colony Bankcorp entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Colony Bankcorp pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 581492391, plan 002 · DOL EFAST2 ↗
The $3,804 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Colony Bankcorp, Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Colony Bankcorp puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“Employees are eligible for employer matching contributions after 30 days of service. The Plan provides for a safe harbor matching contribution of 100 percent of the first 4 percent of the employee’s contribution and 50 percent of the next 2 percent of the employee’s contribution for a total employee contribution of 6 percent in order to receive the whole Company match of 5 percent.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
42.86 out of 100
How fast the employer’s money becomes yours. No schedule among the 369 we have scored is lower.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 20%, 40%, 60%, 80%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their voluntary contributions plus earnings thereon. Vesting in the employer’s contribution portion of their accounts plus actual earnings thereon is based on years of service. Participants vest in employer contributions 20 percent after two years of service, 40 percent after three years of service, 60 percent after four years of service, 80 percent after five years of service. A participant is 100 percent vested after 6 years of credited service.”
A worker hired today collects no match for 1 month. This is a filed term, and it does not move the score above.
Eligibility, word for word
“Employees are eligible for employer matching contributions after 30 days of service.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
90th percentile
$246.45 per participant in plan-paid administrative cost, more expensive than 90% of plans with 500–999 participants.
What is Colony Bankcorp's 401(k) match formula?
Colony Bankcorp's 401(k) employer match tops out at 5% of pay. A tiered formula pays its best rate on the first slice of pay and less on the next, which is how the rate steps down.
| Match formula | 100% (dollar-for-dollar) of the first 4% of pay |
|---|---|
| then | 50% of the next 2% of pay |
| Maximum employer match | 5% of compensation |
| Conditions | The Plan is a 401(k) Safe Harbor Plan for 2025 and 2024, satisfying both the ADP and ACP tests. The filing also describes the Company match in general terms as a discretionary matching contribution equal to a uniform percentage or dollar amount of participants' elective deferrals, with match eligibility stated elsewhere as 18 years of age plus one month of service, alongside the specific safe harbor formula above (eligibility after 30 days of service). |
| Other employer contribution | Company may also make a discretionary nonelective contribution to the Plan in an amount determined each year; no nonelective contribution was made for 2025 or 2024. |
At a $60,000 salary, contributing 6% ($3,600) earns the full employer match of $3,000 for the year.
What the filing says, word for word
“Employees are eligible for employer matching contributions after 30 days of service. The Plan provides for a safe harbor matching contribution of 100 percent of the first 4 percent of the employee’s contribution and 50 percent of the next 2 percent of the employee’s contribution for a total employee contribution of 6 percent in order to receive the whole Company match of 5 percent.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Colony Bankcorp's 401(k) vesting schedule?
Colony Bankcorp vests the employer match on a graded schedule: 20% after two years, rising to 100% after six. Each step is money that leaves with you that year, which is how a graded schedule differs from a cliff.
| Employer match vesting | Graded: 20% at 2 yr, 40% at 3 yr, 60% at 4 yr, 80% at 5 yr, 100% at 6 yr |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | 100 percent vesting in employer contributions upon Plan termination. |
Vesting, word for word
“Participants are immediately vested in their voluntary contributions plus earnings thereon. Vesting in the employer’s contribution portion of their accounts plus actual earnings thereon is based on years of service. Participants vest in employer contributions 20 percent after two years of service, 40 percent after three years of service, 60 percent after four years of service, 80 percent after five years of service. A participant is 100 percent vested after 6 years of credited service.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR · SEC ↗
Who can join Colony Bankcorp's 401(k), and is enrollment automatic?
Colony Bankcorp enrolls new hires automatically at 6% of pay, rising 1% a year to 10% of pay.
| Plan entry | Age 18 and completion of 30 days of service. |
|---|---|
| Match eligibility | Age 18 and completion of 30 days of service (stated elsewhere in the filing as one month of service for Company matching contribution eligibility). |
| Automatic enrollment | Yes: default deferral 6% of pay; auto-escalation +1%/yr to 10%; default investment: Designated balanced fund |
Eligibility, word for word
“Employees are eligible for employer matching contributions after 30 days of service.”
Automatic enrollment, word for word
“The Plan includes an automatic enrollment provision whereby all newly-eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6 percent of eligible compensation, with a 1 percent increase each March 1 for a maximum automatic elective deferral contribution of 10 percent and their contributions are invested in a designated balanced fund until changed by the participant.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Principal, filed as “PRINCIPAL LIFE INSURANCE COMPANY”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
5,239 plans on file name Principal as their recordkeeper. Of those, the 5,230 with a computable fee have a median plan-paid cost of $170.05 per participant.
Participants log in at Principal ↗. 401(k) Monitor is not affiliated with Principal or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Principal |
|---|---|
| Recordkeeper EIN | 420127290 |
What does the Colony Bankcorp plan report on Form 5500?
The Colony Bankcorp plan reported $34.3M in assets and 639 participants for plan year 2024.
| Total plan assets | $34,307,656 |
|---|---|
| Participants | 639 |
| Plan-paid admin cost per participant | $246.45 |
How that cost compares
This plan pays $246.45 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Colony Bankcorp, Inc. 401(k) Plan, which has no page of its own here.
How does Colony Bankcorp's 401(k) match compare?
Colony Bankcorp, Inc.'s maximum 401(k) match of 5% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4.5% of pay. Also at banks and lenders.
Maximum match 5% of pay. Also at banks and lenders.
Maximum match 4.5% of pay. Also at banks and lenders.
Maximum match 4.25% of pay. Same recordkeeper, Principal.
Maximum match 5% of pay. Same recordkeeper, Principal.
Match vests in steps, 100% after 6 years. Also fully vested after 6 years, like Colony Bankcorp.
Compare Colony Bankcorp, Inc. with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 26, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Colony Bankcorp, Inc.'s 401(k) match?
Colony Bankcorp, Inc. matches 100% (dollar-for-dollar) of the first 4% of pay, then 50% of the next 2% of pay, for a maximum employer match of 5% of compensation (plan year ended December 31, 2025).
When does the Colony Bankcorp, Inc. 401(k) match vest?
Graded: 20% at 2 yr, 40% at 3 yr, 60% at 4 yr, 80% at 5 yr, 100% at 6 yr.
Does Colony Bankcorp, Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay; auto-escalation +1%/yr to 10%; default investment: Designated balanced fund.
Who is the recordkeeper for Colony Bankcorp, Inc.'s 401(k)?
Principal is named as the recordkeeper on the Form 5500 filed for Colony Bankcorp, Inc. 401(k) Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Colony Bankcorp, Inc. filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Colony Bankcorp, Inc. |
| SEC CIK | 711669 |
| Accession number | 0001104659-26-078124 |
| Plan | Colony Bankcorp, Inc. 401(k) Plan |
| Period of report | December 31, 2025 |
| Filed | June 26, 2026 |
401(k) Monitor is not affiliated with Colony Bankcorp, Inc., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Colony Bankcorp, Inc. 401(k) plan facts”, from SEC Form 11-K accession 0001104659-26-078124, plan year ended December 31, 2025.
