Defined Benefit (Pension) · DOL Form 5500 · 2023

United Bankshares, Inc. Pension Plan

Data updated 2026-08-25

$174M
Total assets Near avg plan size
310
Participants Below avg headcount
94th
Percentile by assets National rank
$560,774
Avg per participant High balance/head
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Official DOL plan name: United Bankshares, Inc. Pension Plan · Sponsored by United Bankshares, Inc. · West Virginia · Finance & Insurance

$174M in assets, 310 participants

United Bankshares, Inc.'s United Bankshares, Inc. Pension Plan reported $174M in total assets and 310 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #8,051 in Finance & Insurance (8,869 peers)

Where United Bankshares, Inc. Pension Plan sits by assets

United Bankshares, Inc. Pension Plan sits in the top 10% of all filed plans by assets, $174M for 310 participants (~$560,774/participant), up 5.2% in 2023.

#8,051
in Finance & Insurance (8,869 peers)
+5.2%
assets growth YoY
1.7×
vs typical plan assets (national mean)

United Bankshares, Inc. Pension Plan's outsized position by total assets

United Bankshares, Inc. Pension Plan vs every filed plan by assets

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

$173,840,052 Top 6% higher than 94% 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

United Bankshares, Inc. Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. United Bankshares, Inc. Pension Plan sits mid-pack in the medium band (310 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • United Bankshares, Inc. Pension Plan reported net income rose from -$45M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • United Bankshares, Inc. Pension Plan reported participants fell from 344 in the plan year 2022 filing to 310 in the plan year 2023 filing.
  • United Bankshares, Inc. Pension Plan end-of-year assets rose from $165M in the plan year 2022 filing to $174M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 550641179 · United Bankshares, Inc. PY 2023 · Defined Benefit (Pension)

United Bankshares, Inc. Pension Plan · $174M · 310 · 94th

  • RANK $174M
  • RANK 310
  • RANK 94th
  • RANK Defined Benefit (Pension)
  • RANK near Crozer-Keystone Health System Employees Retirement Plan
  • RANK ind #8051

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 West Virginia →

United Bankshares, Inc. Pension Plan in the asset neighbourhood

Cf Industries Holdings, Inc. Pension PlanCf Industries Holdings, Inc.…$174MCrozer-Keystone Health System Employees Retirement PlanCrozer-Keystone Health Syste…$174MUnited Bankshares, Inc. Pension PlanUnited Bankshares, Inc. Pens…$174MAssociated Wholesale Grocers, Inc. Restated Retirement PlanAssociated Wholesale Grocers…$174MSix Flags, Inc. Pension Plan$174M
End-of-year total assets ($M) among United Bankshares, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$165M
Net Assets (End of Year)$174M
Net Income$9M
Employer EIN550641179
Plan Effective Date1962-10-15
Filing StatusFILING RECEIVED

Sponsor Plan History (United Bankshares, Inc.)

Sponsor-wide plan assets over time

All United Bankshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$432M 17.645286882814194% vs 2022
2024 filing year
$360M$380M$400M$420M$440M 202220232024 $367M $432M ▲ +17.6%
Year Plans Participants Total Assets
2022 2 3,322 $367M
2023 2 3,050 $402M
2024 2 2,841 $432M

Nearby Defined Benefit (Pension) Plans in West Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

United Bankshares, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. 05001000150020002500 100200300400500600 Total assets ($M) Participants United Bankshares, Inc. Pension Plan, Total assets ($M): 173.840052 · Participants: 310United Bankshares, Inc. Pension PlanWest Virginia Laborers Pension Trust Fund, Total assets ($M): 555.630528 · Participants: 1965West Virginia Laborers Pension Trust FundI.U.O.E. Local 132 Pension Fund, Total assets ($M): 548.257437 · Participants: 1559I.U.O.E. Local 132 Pension FundUnited Mine Workers of America 1985 Construction Workers Pension Plan, Total assets ($M): 447.078317 · Participants: 234United Mine Workers of America 1985 Construction Workers Pension PlanEmployer - Teamsters Local Nos 175 & 505 Pension Trust Fund, Total assets ($M): 419.92467 · Participants: 1453Employer - Teamsters Local Nos 175 & 505 Pension Trust FundMaryland Electrical Industry Pension Plan, Total assets ($M): 267.765025 · Participants: 1667Maryland Electrical Industry Pension Plan
United Bankshares, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants
Compare United Bankshares, Inc. Pension Plan side-by-side with 3 peers →

United Bankshares, Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside West Virginia, the nearest Defined Benefit (Pension) by assets is Crozer-Keystone Health System Employees Retirement Plan in PA ($174M); by covered participants it is Eecu Employees Pension Plan in TX (309 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (310 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 United Bankshares, Inc. Pension Plan assets move in 2023? ▼
United Bankshares, Inc. Pension Plan grew at a solid clip - up 5.2% during 2023, from $165M to $174M. Reported net income was $9M.
How have United Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), United Bankshares, Inc.'s sponsor-wide assets grew 17.6%, from $367M to $432M.
Where does United Bankshares, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
United Bankshares, Inc. Pension Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to United Bankshares, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Crozer-Keystone Health System Employees Retirement Plan in PA ($174M, 1,169 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to United Bankshares, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Eecu Employees Pension Plan in TX (309 participants, $71M 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 550641179.

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.