# New Peoples Bank, INC. 401(k) Plan
Source: https://planprovider.pro/companies/new-peoples-bank-inc-401k-plan

> New Peoples Bank, INC.'s 401(k) plan: 185 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** New Peoples Bank, INC.

- **Sponsor EIN:** 541880861

- **Sponsor Address:** P. O. BOX 1810, HONAKER, VA, 24260

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

- **Total Participants:** 185

- **Total Assets:** $16.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|185|$16.1M|$536,385|$775,270|

| 2023|186|$14.6M|$512,286|$715,383|

| 2022|199|$12.4M|$245,090|$606,863|

## 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|

| YOUNT, HYDE, & BARBOUR|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [YOUNT, HYDE, & BARBOUR](https://planprovider.pro/provider/yount-hyde-and-barbour-pc) — Auditor

## 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|$76,291|$44,005|—|—|—|

| 2023|$70,096|$38,499|—|—|—|

| 2022|$73,278|—|—|—|—|

## Similar Plans

- [Farmers & Merchants Bank](https://planprovider.pro/companies/farmers-merchants-bank-401k-plan-002) — 180 participants

- [First National Bank](https://planprovider.pro/companies/first-national-bank-401k-plan-002-1100) — 180 participants

- [National Bankshares, INC.](https://planprovider.pro/companies/national-bankshares-inc-plan-003) — 196 participants

- [National Bankshares, INC.](https://planprovider.pro/companies/national-bankshares-inc-plan-001) — 198 participants

- [Mainstreet Bank](https://planprovider.pro/companies/mainstreet-bank-401k-plan) — 205 participants

- [National Bankshares INC. Retirement Accumulation Plan](https://planprovider.pro/companies/national-bankshares-inc-401k-plan) — 206 participants

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

© 2026 PlanProvider.Pro