401(k) · DOL Form 5500 · 2023

The Bank of Charlotte County 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
41
Participants Small participant base
53rd
Percentile by assets National rank
$192,409
Avg per participant Above avg balance/head
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Official DOL plan name: Bank of Charlotte County 401(k) & Profit Sharing Plan · Sponsored by The Bank of Charlotte County · Virginia · Management of Enterprises

$8M in assets, 41 participants

The Bank of Charlotte County's Bank of Charlotte County 401(k) & Profit Sharing Plan reported $8M in total assets and 41 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #389 in Management of Enterprises (1,137 peers)

The Bank of Charlotte County multi-year trail

The Bank of Charlotte County's plans moved +27.3% in assets from 2022 to 2024; this filing shows Bank of Charlotte County 401(k) & Profit Sharing Plan at $8M / 41 participants.

#389
in Management of Enterprises (1,137 peers)
+10.0%
assets growth YoY

Bank of Charlotte County 401(k) & Profit Sharing Plan's mid-pack asset rank among Management of Enterprises and all filers

Bank of Charlotte County 401(k) & Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$7,888,789 Top 47% higher than 53% of 127,068 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 2023

Bank of Charlotte County 401(k) & Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bank of Charlotte County 401(k) & Profit Sharing Plan is a small filing (41 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank of Charlotte County 401(k) & Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $716K in the plan year 2023 filing.
  • Bank of Charlotte County 401(k) & Profit Sharing Plan end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 540132880 · The Bank of Charlotte County PY 2023 · 401(k)

Bank of Charlotte County 401(k) & Profit Sharing Plan · $8M · 41 · 53rd

  • SCH $8M
  • SCH 41
  • SCH 53rd
  • SCH 401(k)
  • SCH near Abacus Data Systems, Inc. 401(k) Plan
  • SCH ind #389

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 Management of Enterprises retirement plans → · Plans in Virginia →

Bank of Charlotte County 401(k) & Profit Sharing Plan in the asset neighbourhood

Bank of Charlotte County 401(k) & Profit Sharing PlanBank of Charlotte County 401…$8MAbacus Data Systems, Inc. 401(k) PlanAbacus Data Systems, Inc. 40…$8MCrawford Heating & Cooling, Inc. Profit Sharing PlanCrawford Heating & Cooling, …$8MSouthwest Security, Inc. 401(k) PlanSouthwest Security, Inc. 401…$8MStandard Industrial Structures Corporation 401(k) PlanStandard Industrial Structur…$8M
End-of-year total assets ($M) among Bank of Charlotte County 401(k) & Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

The Bank of Charlotte County multi-year asset trail

Sponsor-wide plan assets over time

All The Bank of Charlotte County plans reported in each filing year

Latest sponsor-wide plan assets
$9M 27.29838515177209% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $7.17M $9.13M ▲ +27.3%
Year Plans Participants Total Assets
2022 1 41 $7M
2023 1 41 $8M
2024 1 45 $9M

The Bank of Charlotte County filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$716K
Employer EIN540132880
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Virginia

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

Bank of Charlotte County 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Bank of Charlotte County 401(k) & Profit Sharing Plan, Total assets ($B): 0.007888789 · Participants: 41Bank of Charlotte County 401(k) & Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Bank of Charlotte County 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Bank of Charlotte County 401(k) & Profit Sharing Plan side-by-side with 3 peers →

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

Outside Virginia, the nearest 401(k) by assets is Abacus Data Systems, Inc. 401(k) Plan in CA ($8M); by covered participants it is Houston Vehicle Leasing 401(k) Plan in TX (41 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (41 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bank of Charlotte County 401(k) & Profit Sharing Plan assets move in 2023? ▼
Bank of Charlotte County 401(k) & Profit Sharing Plan grew at a solid clip - up 10.0% during 2023, from $7M to $8M. Reported net income was $716K.
How have The Bank of Charlotte County plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bank of Charlotte County's sponsor-wide assets grew 27.3%, from $7M to $9M.
Which 401(k) plans are similar in size to Bank of Charlotte County 401(k) & Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Abacus Data Systems, Inc. 401(k) Plan in CA ($8M, 277 participants).
Which 401(k) plans cover a similar participant headcount to Bank of Charlotte County 401(k) & Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Houston Vehicle Leasing 401(k) Plan in TX (41 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 540132880.

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.