2023 Form 5500 filing — Virginia National 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 20241008075211NAL0009462243001) for Virginia National Bankshares Corporation 401(K) Profit Sharing Plan, reported by Virginia National Bankshares Corporation under EIN 54-1902129 and plan number 001. It reports 209 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008075211NAL0009462243001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Virginia National Bankshares Corporation
- EIN
- 54-1902129
- Plan number
- 001
- Location
- Charlottesville, VA
- Participants
- 209
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,142,346
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,142,346
- Employer contributions
- $660,844
- Participant contributions
- $917,888
- Total income / additions
- $3,878,728
- Benefits paid
- $1,984,212
- Administrative expenses
- $79,042
- Total expenses
- $2,063,254
- Net increase / (decrease)
- $1,815,474
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $79,041 | $0 |
| Northwestern Mutual Wealth Mgmt | INVESTMENT ADVISORY | $0 | $23,001 |
| Northwestern Mutual Investment Serv | OTHER SERVICES | $0 | $11,300 |