401(k)
2023 plan-year 401(k) DOL Form 5500

MVB BANK, INC. 401(K) RETIREMENT PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

MVB BANK, INC.

This 401(k) plan holds $36M in total assets and serves 469 participants as of 2023. It is sponsored by MVB BANK, INC. in West Virginia. The plan reported positive net income of $8M for the year.

Total Assets (2023)
$36M
Participants
469
Industry
Finance & Insurance

What the Filing Says About MVB BANK, INC. 401(K) RETIREMENT PLAN

MVB BANK, INC. 401(K) RETIREMENT PLAN is a 401(k) retirement plan sponsored by MVB BANK, INC., headquartered in West Virginia. As of the 2023 Form 5500 filing, the plan reports $36M in total end-of-year assets and covers 469 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 550755205, and the plan has been effective since 2000-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $28M at the beginning of 2023 to $36M at year-end — a gain of 27.9%. Net assets (after liabilities) closed the year at $36M, with reported net income of $8M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$28M
Total Assets (End of Year)$36M
Net Assets (End of Year)$36M
Net Income$8M
Plan Type401(k)
Employer EIN550755205
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (MVB BANK, INC.)

Year Plans Participants Total Assets
2022 2 578 $37M
2023 2 555 $46M
2024 1 446 $41M

Nearby 401(k) Plans in West Virginia

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

Frequently Asked Questions

How much money is in the MVB BANK, INC. 401(K) RETIREMENT PLAN?
As of the 2023 Form 5500 filing, MVB BANK, INC. 401(K) RETIREMENT PLAN holds $36M in total assets with 469 participants. It is sponsored by MVB BANK, INC..
What type of plan is MVB BANK, INC. 401(K) RETIREMENT PLAN?
MVB BANK, INC. 401(K) RETIREMENT PLAN is a 401(k) plan. It has been effective since 2000-01-01. The plan is filed with the U.S. Department of Labor under EIN 550755205.
Who sponsors the MVB BANK, INC. 401(K) RETIREMENT PLAN?
MVB BANK, INC. 401(K) RETIREMENT PLAN is sponsored by MVB BANK, INC., located in West Virginia. The sponsor's EIN is 550755205 and the plan operates in the Finance & Insurance industry.
How did MVB BANK, INC. 401(K) RETIREMENT PLAN perform in 2023?
MVB BANK, INC. 401(K) RETIREMENT PLAN grew by 27.9% during 2023, moving from $28M to $36M in total assets. Net income was $8M.
Where can I find official filings for MVB BANK, INC. 401(K) RETIREMENT PLAN?
Official Form 5500 filings for MVB BANK, INC. 401(K) RETIREMENT PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 550755205 or plan name at efast.dol.gov.
How does MVB BANK, INC. 401(K) RETIREMENT PLAN compare to other plans?
You can compare MVB BANK, INC. 401(K) RETIREMENT PLAN against other 401(k) plans on the plan type page, or view plans in West Virginia on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 550755205.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.