2023 Form 5500 filing — Carter Bank & Trust 401(K) And Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240903081309NAL0010448179001) for Carter Bank & Trust 401(K) And Profit Sharing Plan, reported by Carter Bank & Trust under EIN 20-5539935 and plan number 001. It reports 815 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240903081309NAL0010448179001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Carter Bank & Trust
- EIN
- 20-5539935
- Plan number
- 001
- Location
- Martinsville, VA
- Participants
- 815
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $46,712,672
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $46,712,672
- Employer contributions
- $1,874,499
- Participant contributions
- $2,720,980
- Total income / additions
- $10,432,130
- Benefits paid
- $4,081,136
- Administrative expenses
- $86,752
- Total expenses
- $4,167,888
- Net increase / (decrease)
- $6,264,242
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $78,412 | not reported in the loaded dataset |
| Strategic Advisors, Inc. | ADVISOR | $8,339 | not reported in the loaded dataset |