Department of Labor filing

MVB BANK, INC.

MVB BANK, INC. 401(K) RETIREMENT PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 2, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

61filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$4,159

Reported employer contributions per active participant.

Higher than about 67% of comparable plans

#People in the filing

445

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$196 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 47% of comparable plans

↗Investment performance

Not available

Plan assets changed 16.1%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202461out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions67th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense47th percentileTypical peer $184 · based on 1,443 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MVB BANK, INC. reported $1,850,635 in employer contributions across the plan and 445 active participants. That works out to $4,159 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy69%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 4.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 3.7%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context61/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,850,635
Participant contributions: $3,646,624
Other contributions: $859,332
Employer share of reported contributions: 33.7%
Beginning assets: $35,560,246
Ending assets: $41,268,737
Ending net assets: $41,268,737
Ending liabilities: $0
Total income: $10,942,770
Total expenses: $5,234,279
Administrative expenses: $152,668
Participant loans: $625,997

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,993

2023

$3,831

2024

$4,159

Plan-paid administrative expenses per participant

2022

$190

2023

$215

2024

$196

Active participants

2022

469

2023

446

2024

445

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$4,159	445	41.3M	20251002144038NAL0000371059001
2023	$3,831	446	35.6M	20240926101440NAL0000296195001
2022	$3,993	469	27.8M	20230912101644NAL0012468627001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.5%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 550755205-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2000
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3H3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251002144038NAL0000371059001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗