Bank Of Charles Town 401(K) Retirement Savings Plan — Form 5500 plan (Bank Of Charles Town)
Plain-English plan 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, Bank Of Charles Town 401(K) Retirement Savings Plan is a benefit plan reported by Bank Of Charles Town under EIN 55-0118850 and plan number 002. The latest loaded filing year is 2023. The filing reports 172 participants and $9,713,166 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bank Of Charles Town
- EIN
- 55-0118850
- Plan number
- 002
- Plan type
- 2
- Location
- Charles Town, WV
- Latest filing year
- 2023
- Participants
- 172
- End-of-year plan assets
- $9,713,166
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 172 | H, C | 20241010095238NAL0009876963001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,713,166
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,713,166
- Net assets (BOY)
- $7,846,469
Income & contributions
- Employer contributions
- $302,573
- Participant contributions
- $675,500
- Total contributions
- $1,160,150
- Total income / additions
- $2,511,101
Expenses & distributions
- Benefits paid
- $552,818
- Administrative expenses
- $43,890
- Total expenses
- $644,404
- Net increase / (decrease)
- $1,866,697
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $23,536 | $0 | 2023 |
| 401k Advisors Inc | INVESTMENT/FINANCIAL ADVI | $20,353 | $0 | 2023 |