Vba Defined Contribution Plan For Bank Of Botetourt — Form 5500 plan (Bank Of Botetourt)
Plain-English plan 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, Vba Defined Contribution Plan For Bank Of Botetourt is a benefit plan reported by Bank Of Botetourt under EIN 54-0132390 and plan number 002. The latest loaded filing year is 2023. The filing reports 151 participants and $9,378,937 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bank Of Botetourt
- EIN
- 54-0132390
- Plan number
- 002
- Plan type
- 2
- Location
- Buchanan, VA
- Latest filing year
- 2023
- Participants
- 151
- End-of-year plan assets
- $9,378,937
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 151 | H, C | 20241011121308NAL0021823265001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,378,937
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,378,937
- Net assets (BOY)
- $8,913,506
Income & contributions
- Employer contributions
- $361,295
- Participant contributions
- $463,835
- Total contributions
- $864,127
- Total income / additions
- $2,250,753
Expenses & distributions
- Benefits paid
- $1,723,776
- Administrative expenses
- $61,546
- Total expenses
- $1,785,322
- Net increase / (decrease)
- $465,431
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Vba Benefits Corporation | SERVICE PROVIDER | $39,470 | $0 | 2023 |
| Vba Benefits Corporation | SERVICE PROVIDER | $22,075 | not reported in the loaded dataset | 2023 |