2023 Form 5500 filing — Bank Of Charles Town 401(K) Retirement Savings 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 20241010095238NAL0009876963001) for Bank Of Charles Town 401(K) Retirement Savings Plan, reported by Bank Of Charles Town under EIN 55-0118850 and plan number 002. It reports 172 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010095238NAL0009876963001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bank Of Charles Town
- EIN
- 55-0118850
- Plan number
- 002
- Location
- Charles Town, WV
- Participants
- 172
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,713,166
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,713,166
- Employer contributions
- $302,573
- Participant contributions
- $675,500
- Total income / additions
- $2,511,101
- Benefits paid
- $552,818
- Administrative expenses
- $43,890
- Total expenses
- $644,404
- Net increase / (decrease)
- $1,866,697
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $23,536 | $0 |
| 401k Advisors Inc | INVESTMENT/FINANCIAL ADVI | $20,353 | $0 |