Bank of Charles Town 401(k) match, vesting and fees
What Bank of Charles Town's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | 401k Advisors Inc | Schedule C ↗ |
| Independent auditor | Yount Hyde & Barbour P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Bank of Charles Town: employer contribution per participant | $2,269 | |
| Peer median | $2,868 |
| Bank of Charles Town: average balance | $79,994 | |
| Peer median | $95,281 |
| Bank of Charles Town: admin expenses ÷ assets | 0.46% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $9M at the end of plan year 2021 to $11.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 158 | $11.4M | $322K | $2,269 | 0.46% | Not published | Form 5500 ↗ |
| 2023 | 157 | $9.7M | $303K | $2,146 | 0.50% | Not published | Form 5500 ↗ |
| 2022 | 171 | $7.8M | $255K | $1,724 | 0.46% | Not published | Form 5500 ↗ |
| 2021 | 146 | $9M | $328K | $2,855 | 0.56% | Not published | Form 5500 ↗ |
Other Bank of Charles Town plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Bank of Charles Town Defined Benefit Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Yount, Hyde & Barbour, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Bank of Charles Town match 401(k) contributions?
The match terms for the Bank of Charles Town 401(k) Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $322K in employer contributions, about $2,269 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bank of Charles Town 401(k) match vested?
The vesting schedule for the Bank of Charles Town 401(k) Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bank of Charles Town 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is 401k Advisors Inc. The plan administrator is Bank of Charles Town.
I left Bank of Charles Town. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bank of Charles Town, (304) 728-2456) or the recordkeeper, 401k Advisors Inc. The Bank of Charles Town old 401(k) page lists the contacts from every plan filing. Find an old Bank of Charles Town 401(k)
Data from the public Form 5500 annual reports Bank of Charles Town filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bank of Charles Town. Not financial advice. Report a correction · Methodology