2023 Form 5500 filing — First National Corporation 401(K) 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 20241003080713NAL0010242657001) for First National Corporation 401(K) Plan, reported by First National Corporation under EIN 54-1232965 and plan number 002. It reports 259 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241003080713NAL0010242657001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First National Corporation
- EIN
- 54-1232965
- Plan number
- 002
- Location
- Strasburg, VA
- Participants
- 259
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,591,069
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,591,069
- Employer contributions
- $1,240,821
- Participant contributions
- $1,269,531
- Total income / additions
- $6,508,226
- Benefits paid
- $807,687
- Administrative expenses
- $148,369
- Total expenses
- $956,056
- Net increase / (decrease)
- $5,552,170
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Vba Benefits Corporation | SERVICE PROVIDER | $56,591 | $0 |
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $34,697 | $0 |