Clear Mountain Bank, Inc. 401(K) Plan — Form 5500 plan (Clear Mountain Bank, Inc.)
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, Clear Mountain Bank, Inc. 401(K) Plan is a benefit plan reported by Clear Mountain Bank, Inc. under EIN 55-0131840 and plan number 002. The latest loaded filing year is 2023. The filing reports 202 participants and $14,781,033 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Clear Mountain Bank, Inc.
- EIN
- 55-0131840
- Plan number
- 002
- Plan type
- 2
- Location
- Bruceton Mills, WV
- Latest filing year
- 2023
- Participants
- 202
- End-of-year plan assets
- $14,781,033
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 202 | H, C | 20240903102657NAL0034073408001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,781,033
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,781,033
- Net assets (BOY)
- $12,611,617
Income & contributions
- Employer contributions
- $313,555
- Participant contributions
- $800,361
- Total contributions
- $1,209,315
- Total income / additions
- $3,086,902
Expenses & distributions
- Benefits paid
- $860,621
- Administrative expenses
- $38,569
- Total expenses
- $917,486
- Net increase / (decrease)
- $2,169,416
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $24,109 | $0 | 2023 |
| Horan Securities Inc | INVESTMENT ADVISOR | $12,849 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,611 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Clear Mountain Bank, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in WV
- 401(k) and benefit plan filings in Bruceton Mills, WV
- Empower Annuity Insurance Company O — Schedule C compensation
- Horan Securities Inc — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation