Plan Snapshot
- Plan Sponsor: Wb&T Bankshares, INC.
- Sponsor EIN: 581853934
- Sponsor Address: 3296 GREYSTONE WAY, VALDOSTA, GA, 31605
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $12.4M
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 | 130 | $12.4M | $436,517 | $589,159 |
| 2023 | 136 | $11.7M | $445,326 | $592,595 |
| 2022 | 132 | $10.3M | $363,093 | $591,839 |
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 |
|---|---|---|---|---|
| MCNAIR, MCLEMORE, MIDDLEBROOKS & 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 | $4,663 | — | — | — | — |
| 2023 | $4,356 | — | — | — | — |
| 2022 | $3,425 | — | $3,425 | — | — |