City Holding Company 401(k) Review & Grade
City Holding Company 401(k) Plan and Trust
Cross Lanes, WVManagement of Companies961 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,341Employer $ per active participant
$3,674Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$96.2MNet plan assets, end of year
$86,645Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost17.9 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 71th |
| Employee saving | 30th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,624 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- City Holding put in about $1,341 per active participant, below the typical peer ($2,492). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,288,796 |
| Participant (employee) contributions | $3,530,926 |
| Other contributions (incl. rollovers in) | $141,038 |
| Administrative expenses paid from the plan | $102,325 |
| Benefits paid out | $7,785,005 |
| Net assets, start / end of year | $87.9M / $96.2M |
| Active participants, start / end of year | 973 / 949 |
| Participants with account balances | 1,110 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Yount, Hyde & Barbour, P.C. |
| Employer stock held by plan | $18,777,408 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $102,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250721072444NAL0000501459001, received 2025-07-21, EIN 55-0619957, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.