Plan Snapshot
- Plan Sponsor: Citizens Bank Of West Virginia
- Sponsor EIN: 550143730
- Sponsor Address: PO BOX 1519, ELKINS, WV, 26241
- Plan Type: DB
- Total Participants: 28
- Total Assets: $5.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 28 | $5.6M | $0 | $0 |
| 2023 | 30 | $5.3M | $0 | $0 |
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 |
|---|---|---|---|---|
| GRAY,GRIFFITH & MAYS, A.C. | Auditor | $4,200 | — | $4,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,200
- Estimated Expense Ratio: 0.075% 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 | $115,626 | $26,191 | $11,622 | $4,200 | — |
| 2023 | $102,182 | $26,463 | $6,433 | — | $16,561 |