Plan Ledger DOL Form 5500 · updated monthly

Community Bancshares, Inc.401(k)

COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T · MCARTHUR, OH · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Community Bancshares, Inc. reported $51,809 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,947 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 3 years on file its reported administrative ratio has held roughly steady near 0.244%. 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 1,234th-largest of 3,295 plans among Ohio employers on file, and 2,901st of 4,798 in finance & insurance. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,017,463
Participants with balances230
Active participants246
Employer contributions$478,845
Employee contributions$875,453
Employer contribution per active participant$1,947
Average account balance$95,728
Benefits paid to participants$2,890,375
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.0M · 230 accts · $479K emplr
2023$20.5M · 215 accts · $490K emplr
2022$17.5M · 220 accts · $483K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,809
Total administrative$51,809
The Community Bancshares, Inc. 401(k) match · 2024
Employer contribution per active participant$1,947
Median for plans this size$2,416
2024$1,947 per active participant
2023$1,993 per active participant
2022$1,880 per active participant

Community Bancshares, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20243
EDWARD JONES · Investment advisory (plan)$51,809
TRINITY PENSION CONSULTANTS · Contract administrator$2,090
CAPITAL GROUP RETIREMENT PLAN SERVI$575

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$51,809 · 0.24%
2023$45,918 · 0.24%
2022$46,004 · 0.24%
Same employer
Similar plansFinance & Insurance · Ohio
The Merchants National Bank OH$23.0M · 0.08%
Waterford Bank, N.A. OH$22.3M · 0.05%
United Bancshares, Inc. OH$22.0M · 0.50%
Specialized Alternatives OH$21.0M · 0.51%
Rental Concepts, Inc. OH$20.2M · 0.28%
Bmi Federal Credit Union OH$20.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311002504 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.