Plan Ledger DOL Form 5500 · updated monthly

Pendleton Community Bank401(k)

PENDLETON COMMUNITY BANK RETIREMENT PLAN · FRANKLIN, WV · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Pendleton Community Bank reported $50,441 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $4,272 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 0.38%. 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 107th-largest of 265 plans among West Virginia employers on file, and 3,560th of 4,798 in finance & insurance. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,286,355
Participants with balances175
Active participants142
Employer contributions$606,680
Employee contributions$813,933
Employer contribution per active participant$4,272
Average account balance$81,636
Benefits paid to participants$317,997
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 175 accts · $607K emplr
2023$12.2M · 176 accts · $564K emplr
2022$9.9M · 167 accts · $502K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,441
Total administrative$50,441
The Pendleton Community Bank 401(k) match · 2024
Employer contribution per active participant$4,272
Median for plans this size$2,416
2024$4,272 per active participant
2023$3,888 per active participant
2022$3,462 per active participant

Pendleton Community Bank'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 · 20244
BENEFIT PLANS SERVICES, INC. · Contract administrator$660
EMPOWER ADVISORY GROUP, LLC · Investment management$141
CONCOURSE FINANCIAL GROUP SECURITIEindirect 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$50,441 · 0.38%
2023$41,604 · 0.38%
2022$38,978 · 0.37%
Same employer
Similar plansFinance & Insurance · West Virginia
Mvb Bank, Inc. WV$41.3M · 0.40%
Clear Mountain Bank, Inc. WV$16.2M · 0.31%
Bank of Charles Town WV$11.4M · 0.46%
Cnb Bank, Inc. WV$11.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550251555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.