First National Corporation 401(K) Plan — Form 5500 plan (First National Corporation)
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, First National Corporation 401(K) Plan is a benefit plan reported by First National Corporation under EIN 54-1232965 and plan number 002. The latest loaded filing year is 2023. The filing reports 259 participants and $26,591,069 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First National Corporation
- EIN
- 54-1232965
- Plan number
- 002
- Plan type
- 2
- Location
- Strasburg, VA
- Latest filing year
- 2023
- Participants
- 259
- End-of-year plan assets
- $26,591,069
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 259 | H, C | 20241003080713NAL0010242657001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,591,069
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,591,069
- Net assets (BOY)
- $21,038,899
Income & contributions
- Employer contributions
- $1,240,821
- Participant contributions
- $1,269,531
- Total contributions
- $2,770,901
- Total income / additions
- $6,508,226
Expenses & distributions
- Benefits paid
- $807,687
- Administrative expenses
- $148,369
- Total expenses
- $956,056
- Net increase / (decrease)
- $5,552,170
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Vba Benefits Corporation | SERVICE PROVIDER | $56,591 | $0 | 2023 |
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $34,697 | $0 | 2023 |