2023 Form 5500 filing — United Bankshares, Inc. Savings And Stock Investment 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 20240702092802NAL0003411811001) for United Bankshares, Inc. Savings And Stock Investment Plan, reported by United Bankshares, Inc. under EIN 55-0641179 and plan number 003. It reports 3,537 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240702092802NAL0003411811001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- United Bankshares, Inc.
- EIN
- 55-0641179
- Plan number
- 003
- Location
- Parkersburg, WV
- Participants
- 3,537
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $227,919,168
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $227,919,168
- Employer contributions
- $7,642,920
- Participant contributions
- $12,831,603
- Total income / additions
- $44,605,720
- Benefits paid
- $17,813,015
- Administrative expenses
- $282,401
- Total expenses
- $18,359,136
- Net increase / (decrease)
- $26,246,584
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $172,706 | $0 |
| United Bank | TRUSTEE | $57,598 | not reported in the loaded dataset |
| Capfinancial Partners LLC Dba Captr | INVESTMENT ADVISOR | $38,789 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $13,008 | not reported in the loaded dataset |
| Qdro Consultants Co LLC | CONSULTING | $300 | not reported in the loaded dataset |