2023 Form 5500 filing — Clear Mountain Bank, Inc. 401(K) 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 20240903102657NAL0034073408001) for Clear Mountain Bank, Inc. 401(K) Plan, reported by Clear Mountain Bank, Inc. under EIN 55-0131840 and plan number 002. It reports 202 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240903102657NAL0034073408001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Clear Mountain Bank, Inc.
- EIN
- 55-0131840
- Plan number
- 002
- Location
- Bruceton Mills, WV
- Participants
- 202
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,781,033
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,781,033
- Employer contributions
- $313,555
- Participant contributions
- $800,361
- Total income / additions
- $3,086,902
- Benefits paid
- $860,621
- Administrative expenses
- $38,569
- Total expenses
- $917,486
- Net increase / (decrease)
- $2,169,416
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $24,109 | $0 |
| Horan Securities Inc | INVESTMENT ADVISOR | $12,849 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,611 | not reported in the loaded dataset |