Employers › United Bankshares
Recordkeeping fees per participant · United Bankshares, Inc. Savings and Stock Investment Plan · plan year 2024
$68.44
Higher than 49% of the 5,847 plans $50 to 250M that report it.
= $182,875 / 2,672
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250630151123NAL0011320305001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630151123NAL0011320305001, received 2025-06-30
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-06-30.
Administrative expenses excluding investment management, per participant
$68.44
Higher than 34% of the 8,758 plans $50 to 250M that report it.
= $182,875 / 2,672
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250630151123NAL0011320305001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630151123NAL0011320305001, received 2025-06-30
Administrative expenses per participant
$111.90
Higher than 41% of the 9,042 plans $50 to 250M that report it.
= $298,999 / 2,672
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250630151123NAL0011320305001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630151123NAL0011320305001, received 2025-06-30
Administrative expenses as a share of assets
0.120%
Higher than 44% of the 9,049 plans $50 to 250M that report it.
= $298,999 / $248,714,300
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250630151123NAL0011320305001, received 2025-06-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250630151123NAL0011320305001, received 2025-06-30
Employer contributions per participant
$2,788
Higher than 51% of the 9,105 plans $50 to 250M that report it.
= $7,449,002 / 2,672
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250630151123NAL0011320305001, received 2025-06-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630151123NAL0011320305001, received 2025-06-30
Employer share of total contributions
35.2%
Higher than 67% of the 9,112 plans $50 to 250M that report it.
= $7,449,002 / $21,166,259
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250630151123NAL0011320305001, received 2025-06-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250630151123NAL0011320305001, received 2025-06-30
Employer match
“United matches 100 percent of the first 5 percent of a participant’s pay, based on the participant’s deferral election.”
Form 11-K filed 2026-06-15, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Participating employees are immediately fully vested as to employee and employer contributions to the Plan.”
Form 11-K filed 2026-06-15, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250630151123NAL0011320305001, received 2025-06-30
| Field | Value | Source |
|---|---|---|
| Plan sponsor | UNITED BANKSHARES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Plan name | UNITED BANKSHARES, INC. SAVINGS AND STOCK INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Sponsor EIN / plan number | 55-0641179 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Sponsor location | PARKERSBURG, WV | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Filing received | 2025-06-30 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Participants, beginning of year | 3,404 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Active participants | 2,640 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Participants, end of year | 3,484 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Participants with an account balance | 2,672 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Total assets, beginning of year | $227,919,168 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Total assets, end of year | $248,714,300 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Net assets, end of year | $248,714,300 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Total income | $46,797,647 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Net income | $20,795,132 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Employer contributions | $7,449,002 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Participant contributions | $12,533,985 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Other contributions (incl. rollovers) | $1,183,272 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Total contributions | $21,166,259 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Benefit payments | $25,698,058 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Total expenses (incl. benefit payments) | $26,002,515 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Total administrative expenses | $298,999 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Recordkeeping fees | $182,875 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Investment advisory and management fees | $116,124 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Administrative expenses excluding investment management | $182,875 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Held in common/collective trusts | $111,205,155 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Held in mutual funds | $73,069,463 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250630151123NAL0011320305001, received 2025-06-30 |
| Independent auditor | ERNST & YOUNG | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250630151123NAL0011320305001, received 2025-06-30 |
Position = column in the DOL layout for form year 2024. Filing 20250630151123NAL0011320305001, received 2025-06-30.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $182,890 | yes |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $96,730 | no |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | 28 Investment management | $19,394 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250630151123NAL0011320305001, received 2025-06-30.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $227,919,168 | $248,714,300 | 9.1% |
| Participants with a balance | 2,769 | 2,672 | -3.5% |
| Administrative expenses | $282,401 | $298,999 | 5.9% |
| Recordkeeping fees per participant | $62.37 | $68.44 | 9.7% |
| Employer contributions | $7,642,920 | $7,449,002 | -2.5% |
Prior filing 20240702092802NAL0003411811001, received 2024-07-02; the plan years are contiguous.
Sponsor name as filed: UNITED BANKSHARES, INC.; SEC registrant: UNITED BANKSHARES INC/WV (CIK 729986, matched by EIN; display name from the Form 11-K cover).