401(k) · DOL Form 5500 · 2024

Carter Bank & Trust 401(k) Plan

Data updated 2026-08-25

$51M
Total assets Below avg plan size
633
Participants Below avg headcount
84th
Percentile by assets National rank
$80,497
Avg per participant Below avg 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

$51M in assets, 633 participants

Carter Bank & Trust's Carter Bank & Trust 401(k) and Profit Sharing Plan reported $51M in total assets and 633 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,482 in Finance & Insurance (8,549 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, $51M for 633 participants (~$80,497/participant), up 9.1% in 2024.

#6,482
in Finance & Insurance (8,549 peers)
+9.1%
assets growth YoY
0.5×
vs typical plan assets (national mean)

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 2024 · DOL Form 5500

$50,954,579 Top 16% higher than 84% of 123,620 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 2024

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

Plan-year 2024 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 (633 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Carter Bank & Trust 401(k) and Profit Sharing Plan reported net income fell from $6M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Carter Bank & Trust 401(k) and Profit Sharing Plan end-of-year assets rose from $47M in the plan year 2023 filing to $51M in the plan year 2024 filing.
  • Carter Bank & Trust 401(k) and Profit Sharing Plan reported participants rose from 608 in the plan year 2023 filing to 633 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 205539935 · Carter Bank & Trust PY 2024 · 401(k)

Carter Bank & Trust 401(k) and Profit Sharing Plan · $51M · 633 · 84th

  • BOOK $51M
  • VS-ST 633
  • BOY 84th
  • SCH 401(k)
  • EBSA near Cbi Retirement Plan
  • PART ind #6482

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

Cbi Retirement Plan$51MCar-Freshner Corporation 401(k) Savings and Profit Sharing PlanCar-Freshner Corporation 401…$51MDental Care Alliance Group 401(k) PlanDental Care Alliance Group 4…$51MCarter Bank & Trust 401(k) and Profit Sharing PlanCarter Bank & Trust 401(k) a…$51MWestern Reserve Hospital, LLC 401(k) Profit Sharing PlanWestern Reserve Hospital, LL…$51M
End-of-year total assets ($M) among Carter Bank & Trust 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$51M
Net Income$4M
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. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Carter Bank & Trust 401(k) and Profit Sharing Plan, Total assets ($B): 0.050954579 · Participants: 633Carter Bank & Trust 401(k) and Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement 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 Cbi Retirement Plan in OH ($51M); by covered participants it is Spiegelworld 401(k) Plan in NV (633 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (633 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Carter Bank & Trust 401(k) and Profit Sharing Plan grew at a solid clip - up 9.1% during 2024, from $47M to $51M. Reported net income was $4M.
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 84th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Cbi Retirement Plan in OH ($51M, 122 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 Spiegelworld 401(k) Plan in NV (633 participants, $6M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.