401(k) · DOL Form 5500 · 2022

Carter Bank & Trust 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
686
Participants Below avg headcount
86th
Percentile by assets National rank
$58,963
Avg per participant Low balance/head
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Official DOL plan name: Carter Bank & Trust 401(k) and Profit Sharing Plan · Sponsored by Carter Bank & Trust · Virginia · Finance & Insurance

$40M in assets, 686 participants

Carter Bank & Trust's Carter Bank & Trust 401(k) and Profit Sharing Plan reported $40M in total assets and 686 participants in its 2022 DOL Form 5500 filing, ranking in the 86th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,201 in Finance & Insurance (9,261 peers)

Where Carter Bank & Trust 401(k) and Profit Sharing Plan sits by assets

Carter Bank & Trust 401(k) and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $40M for 686 participants (~$58,963/participant), down 21.1% in 2022.

#7,201
in Finance & Insurance (9,261 peers)
-21.1%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Carter Bank & Trust 401(k) and Profit Sharing Plan's outsized position by total assets

Carter Bank & Trust 401(k) and Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$40,448,430 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Carter Bank & Trust 401(k) and Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Carter Bank & Trust 401(k) and Profit Sharing Plan sits mid-pack in the medium band (686 participants).

EBSA filing schedule strip

Filing strip 205539935 · Carter Bank & Trust PY 2022 · 401(k)

Carter Bank & Trust 401(k) and Profit Sharing Plan · $40M · 686 · 86th

  • PART $40M
  • TYPE 686
  • NET 86th
  • BOOK 401(k)
  • VS-ST near Raleigh Neurology Associates, P.a. 401(k) Profit Sharing Plan
  • BOY ind #7201

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Virginia →

Carter Bank & Trust 401(k) and Profit Sharing Plan in the asset neighbourhood

Carter Bank & Trust 401(k) and Profit Sharing PlanCarter Bank & Trust 401(k) a…$40MRaleigh Neurology Associates, P.a. 401(k) Profit Sharing PlanRaleigh Neurology Associates…$40MGraduate School Defined Contribution Retirement PlanGraduate School Defined Cont…$40MWexford Health Sources, Inc. Employees' Retirement PlanWexford Health Sources, Inc.…$40MCassiday Schade Profit Sharing Plan and TrustCassiday Schade Profit Shari…$40M
End-of-year total assets ($M) among Carter Bank & Trust 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$40M
Net Income-$11M
Employer EIN205539935
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Carter Bank & Trust)

Sponsor-wide plan assets over time

All Carter Bank & Trust plans reported in each filing year

Latest sponsor-wide plan assets
$51M 25.97418243427495% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $40.5M $51M ▲ +26.0%
Year Plans Participants Total Assets
2022 1 686 $40M
2023 1 608 $47M
2024 1 633 $51M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Carter Bank & Trust 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Carter Bank & Trust 401(k) and Profit Sharing Plan, Total assets ($B): 0.04044843 · Participants: 686Carter Bank & Trust 401(k) and Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
Carter Bank & Trust 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Carter Bank & Trust 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Carter Bank & Trust 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Raleigh Neurology Associates, P.a. 401(k) Profit Sharing Plan in NC ($40M); by covered participants it is D'amico Holding Company 401(k) Plan in MN (686 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (686 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Carter Bank & Trust 401(k) and Profit Sharing Plan assets move in 2022? ▼
Carter Bank & Trust 401(k) and Profit Sharing Plan declined sharply - down 21.1% during 2022, from $51M to $40M. Reported net income was -$11M.
How have Carter Bank & Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Carter Bank & Trust's sponsor-wide assets grew 26.0%, from $40M to $51M.
Where does Carter Bank & Trust 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Carter Bank & Trust 401(k) and Profit Sharing Plan ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Carter Bank & Trust 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Raleigh Neurology Associates, P.a. 401(k) Profit Sharing Plan in NC ($40M, 261 participants).
Which 401(k) plans cover a similar participant headcount to Carter Bank & Trust 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is D'amico Holding Company 401(k) Plan in MN (686 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 205539935.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.