2023 Form 5500 filing — Virginia Farm Bureau Companies Employees' 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 20241007140208NAL0031092018001) for Virginia Farm Bureau Companies Employees' 401(K) Plan, reported by Virginia Farm Bureau under EIN 54-0502500 and plan number 002. It reports 1,103 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007140208NAL0031092018001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Virginia Farm Bureau
- EIN
- 54-0502500
- Plan number
- 002
- Location
- Richmond, VA
- Participants
- 1,103
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $206,056,667
- Total liabilities (EOY)
- $53,680
- Net assets (EOY)
- $206,002,987
- Employer contributions
- $3,062,671
- Participant contributions
- $4,987,606
- Total income / additions
- $38,035,244
- Benefits paid
- $26,928,590
- Administrative expenses
- $47,291
- Total expenses
- $26,986,991
- Net increase / (decrease)
- $11,048,253
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $136,722 | $0 |
| Benefit Fiduciary Group LLC | ADVISOR/INVESTMENT ADVI | $85,168 | not reported in the loaded dataset |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $5,972 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $1,104 | $0 |