# Carter Bank & Trust 401(k) Plan
Source: https://planprovider.pro/companies/carter-bank-trust-401k-plan

> Carter Bank & Trust's 401(k) plan: 689 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Carter Bank & Trust

- **Sponsor EIN:** 205539935

- **Sponsor Address:** 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE, VA, 24112

- **Plan Type:** 401(k)

- **Total Participants:** 689

- **Total Assets:** $51.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|689|$51.0M|$2.0M|$3.0M|

| 2023|633|$46.7M|$1.9M|$2.7M|

| 2022|608|$40.4M|$2.1M|$2.4M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$91,635|—|$91,635|

| STRATEGIC ADVISORS, INC.|ADVISOR|$10,507|—|$10,507|

| DAVIDSON, DOYLE & HILTON, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [DAVIDSON, DOYLE & HILTON, LLP](https://planprovider.pro/provider/davidson-doyle-and-hilton-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $102,142

- **Estimated Expense Ratio:** 0.200% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$102,142|$10,507|—|—|—|

| 2023|$86,752|$8,340|—|—|—|

| 2022|$98,605|$6,952|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/carter-bank-trust-401k-plan)

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