Plan Snapshot
- Plan Sponsor: Pendleton Community Bank
- Sponsor EIN: 550251555
- Sponsor Address: P O BOX 487, FRANKLIN, WV, 26807
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $14.3M
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 | 142 | $14.3M | $606,680 | $813,933 |
| 2023 | 145 | $12.2M | $563,796 | $765,869 |
| 2022 | 145 | $9.9M | $502,028 | $632,968 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $32,832 | — | $32,832 |
| CONCOURSE FINANCIAL GROUP SECURITIE | Investment Advisor | — | $16,656 | $16,656 |
| BENEFIT PLANS SERVICES, INC. | Other Service Provider | $660 | $5,629 | $6,289 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,777
- Estimated Expense Ratio: 0.390% 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 | $50,441 | — | — | — | — |
| 2023 | $41,604 | — | — | — | — |
| 2022 | $38,978 | $38,978 | — | — | — |