Defined Benefit (Pension) · DOL Form 5500 · 2023

Bank of Charles Town Pension Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
23
Participants Small participant base
59th
Percentile by assets National rank
$450,501
Avg per participant High balance/head
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Official DOL plan name: Bank of Charles Town Defined Benefit Pension Plan · Sponsored by Bank of Charles Town · West Virginia · Finance & Insurance

$10M in assets, 23 participants

Bank of Charles Town's Bank of Charles Town Defined Benefit Pension Plan reported $10M in total assets and 23 participants in its 2023 DOL Form 5500 filing, ranking in the 59th 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.

  • #3,917 in Finance & Insurance (8,869 peers)

Bank of Charles Town multi-year trail

Bank of Charles Town's plans moved -32.4% in assets from 2022 to 2024; this filing shows Bank of Charles Town Defined Benefit Pension Plan at $10M / 23 participants.

#3,917
in Finance & Insurance (8,869 peers)
+15.8%
assets growth YoY

Bank of Charles Town Defined Benefit Pension Plan's mid-pack asset rank among Finance & Insurance and all filers

Bank of Charles Town Defined Benefit Pension Plan vs every filed plan by assets

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

$10,361,523 Top 41% higher than 59% 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 Charles Town Defined Benefit Pension 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 Charles Town Defined Benefit Pension Plan is a small filing (23 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bank of Charles Town Defined Benefit Pension Plan reported net income rose from -$159K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Bank of Charles Town Defined Benefit Pension Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 550118850 · Bank of Charles Town PY 2023 · Defined Benefit (Pension)

Bank of Charles Town Defined Benefit Pension Plan · $10M · 23 · 59th

  • EOY $10M
  • EOY 23
  • EOY 59th
  • EOY Defined Benefit (Pension)
  • EOY near The Hartz Group, Inc. Pension Plan
  • EOY ind #3917

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 →

Bank of Charles Town Defined Benefit Pension Plan in the asset neighbourhood

IBEW Local Union No. 527 Pension PlanIBEW Local Union No. 527 Pen…$10MThe Hartz Group, Inc. Pension PlanThe Hartz Group, Inc. Pensio…$10MBank of Charles Town Defined Benefit Pension PlanBank of Charles Town Defined…$10MSloan Valve Company Employees' Pension PlanSloan Valve Company Employee…$10MThe Freightcar America, Inc. Pension PlanThe Freightcar America, Inc.…$10M
End-of-year total assets ($M) among Bank of Charles Town Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Bank of Charles Town multi-year asset trail

Sponsor-wide plan assets over time

All Bank of Charles Town plans reported in each filing year

Latest sponsor-wide plan assets
$11M 32.37296531063375% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $16.8M $11.4M ▼ -32.4%
Year Plans Participants Total Assets
2022 2 145 $17M
2023 2 145 $20M
2024 1 128 $11M

Bank of Charles Town filing trail (2023)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$1M
Employer EIN550118850
Plan Effective Date1948-12-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in West Virginia

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

Bank of Charles Town Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. -50005001000150020002500 -2000200400600 Total assets ($M) Participants Bank of Charles Town Defined Benefit Pension Plan, Total assets ($M): 10.361523 · Participants: 23Bank of Charles Town Defined Benefit 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
Bank of Charles Town Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants
Compare Bank of Charles Town Defined Benefit Pension Plan side-by-side with 3 peers →

Bank of Charles Town Defined Benefit 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 The Hartz Group, Inc. Pension Plan in NJ ($10M); by covered participants it is Management Employees' Retirement Plan of Besser Company in MI (23 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (23 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 Charles Town Defined Benefit Pension Plan assets move in 2023? ▼
Bank of Charles Town Defined Benefit Pension Plan grew sharply - up 15.8% during 2023, from $9M to $10M. Reported net income was $1M.
How have Bank of Charles Town plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bank of Charles Town's sponsor-wide assets declined 32.4%, from $17M to $11M.
Which Defined Benefit (Pension) plans are similar in size to Bank of Charles Town Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Hartz Group, Inc. Pension Plan in NJ ($10M, 11 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Bank of Charles Town Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Management Employees' Retirement Plan of Besser Company in MI (23 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 550118850.

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.