Plan Ledger DOL Form 5500 · updated monthly

Cnb Bank, Inc.401(k)

CNB BANK, INC. 401(K) PROFIT SHARING PLAN · BERKELEY SPRINGS, WV · plan year 2024

Reported admin expense ratio · 2024
0.25%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Cnb Bank, Inc. reported $25,960 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,423 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.24% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 132nd-largest of 265 plans among West Virginia employers on file, and 3,872nd of 4,798 in finance & insurance. In 2024, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,231,794
Participants with balances139
Active participants111
Employer contributions$490,961
Employee contributions$592,153
Employer contribution per active participant$4,423
Average account balance$80,804
Benefits paid to participants$641,852
Plan auditUnmodified (clean) audit opinion
AuditorSMITH ELLIOTT KEARNS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.2M · 139 accts · $491K emplr
2023$9.5M · 128 accts · $474K emplr
2022$8.2M · 149 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,560
Total administrative$25,960
The Cnb Bank, Inc. 401(k) match · 2024
Employer contribution per active participant$4,423
Median for plans this size$2,416
2024$4,423 per active participant
2023$4,835 per active participant
2022$4,322 per active participant

Cnb Bank, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
CBIZ BENEFITS AND INSURANCE SERVICE · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$25,960 · 0.25%
2023$23,986 · 0.27%
2022$20,068 · 0.24%
Same employer
Similar plansFinance & Insurance · West Virginia
Pendleton Community Bank WV$14.3M · 0.38%
Bank of Charles Town WV$11.4M · 0.46%
Pennian Bank PA$11.3M · 0.33%
Franklin Savings Bank NH$11.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550143757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.