2023 Form 5500 filing — Atlantic Union Bankshares Corporation 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240927072449NAL0003598130001) for Atlantic Union Bankshares Corporation 401(K) Profit Sharing Plan, reported by Atlantic Union Bankshares Corporation under EIN 54-1598552 and plan number 002. It reports 3,435 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240927072449NAL0003598130001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Atlantic Union Bankshares Corporation
- EIN
- 54-1598552
- Plan number
- 002
- Location
- Glen Allen, VA
- Participants
- 3,435
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $271,054,449
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $271,054,449
- Employer contributions
- $8,244,419
- Participant contributions
- $16,442,225
- Total income / additions
- $62,763,877
- Benefits paid
- $35,965,384
- Administrative expenses
- $350,646
- Total expenses
- $36,318,847
- Net increase / (decrease)
- $26,445,030
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $242,033 | $0 |
| Bdo Usa, P.C. | AUDITOR | $60,716 | not reported in the loaded dataset |
| Mercer Investments LLC | NONE | $45,375 | not reported in the loaded dataset |