2023 Form 5500 filing — Mvb Bank, Inc. 401(K) Retirement 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 20240926101440NAL0000296195001) for Mvb Bank, Inc. 401(K) Retirement Plan, reported by Mvb Bank, Inc. under EIN 55-0755205 and plan number 001. It reports 661 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926101440NAL0000296195001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mvb Bank, Inc.
- EIN
- 55-0755205
- Plan number
- 001
- Location
- Bridgeport, WV
- Participants
- 661
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,368,233
- Net assets (EOY)
- $10,368,233
- Total income / additions
- $1,852,299
- Benefits paid
- $467,318
- Administrative expenses
- $157,784
- Total expenses
- $625,102
- Net increase / (decrease)
- $1,227,197
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $69,326 | $0 |
| Nfp Retirement Inc | ADVISOR | $62,291 | not reported in the loaded dataset |
| Usi Consulting Group | NONE | $23,166 | not reported in the loaded dataset |
| Morgan Stanley | NONE | $21,340 | not reported in the loaded dataset |
| Taft Stettinius & Hollister Llp | ATTORNEY/LEGAL | $10,763 | not reported in the loaded dataset |
| Metro Benefits, Inc. | NONE | $8,061 | not reported in the loaded dataset |