Department of Labor filing

WEBBANK CORPORATION

WEBBANK 401(K) SAFE HARBOR PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 28, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

91filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$7,296

Reported employer contributions per active participant.

Higher than about 93% of comparable plans

#People in the filing

237

Active participants reported for 2024.

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

¢Visible plan-paid fees

$27 / participant

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

Lower cost than about 88% of comparable plans

↗Investment performance

Not available

Plan assets changed 42.8%, 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 · 202491out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions93rd percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense88th 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, WEBBANK CORPORATION reported $1,729,152 in employer contributions across the plan and 237 active participants. That works out to $7,296 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 proxy84%

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 25.9%

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

Expense trendUp 155.9%

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

Peer context91/100

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: $1,729,152
Participant contributions: $2,707,783
Other contributions: $815,709
Employer share of reported contributions: 39.0%
Beginning assets: $19,932,763
Ending assets: $28,465,929
Ending net assets: $28,465,929
Ending liabilities: Not reported
Total income: $9,665,302
Total expenses: $1,132,136
Administrative expenses: $7,497
Participant loans: $422,925

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

$5,795

2023

$6,620

2024

$7,296

Plan-paid administrative expenses per participant

2022

$11

2023

$22

2024

$27

Active participants

2022

217

2023

239

2024

237

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$7,296	237	28.5M	20251028162636NAL0007112257002
2023	$6,620	239	19.9M	20240919102340NAL0005798737001
2022	$5,795	217	12.9M	20231013160329NAL0068368930001

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: 870528836-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1998
Industry: Finance and insurance
Amended filing: Yes
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2G2J2K2R3D

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
CHARLES SCHWAB & CO. INC. AND AFFIL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251028162636NAL0007112257002

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗