Plan Snapshot
- Plan Sponsor: Clear Mountain Bank, INC.
- Sponsor EIN: 550131840
- Sponsor Address: 160 MORGANTOWN ST, BRUCETON MILLS, WV, 26526
- Plan Type: 401(k)
- Total Participants: 148
- Total Assets: $16.2M
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 | 148 | $16.2M | $349,658 | $822,316 |
| 2023 | 156 | $14.8M | $313,555 | $800,361 |
| 2022 | 162 | $12.6M | $371,512 | $735,410 |
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 |
|---|---|---|---|---|
| CLARK, SCHAEFER, HACKETT & CO. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $47,624 | $16,729 | — | — | — |
| 2023 | $38,569 | $14,460 | — | — | — |
| 2022 | $37,982 | — | $37,982 | — | — |