Old Point Financial Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Old Point Financial 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, Old Point Financial Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Old Point Financial Corporation under EIN 54-1265373 and plan number 002. The latest loaded filing year is 2023. The filing reports 443 participants and $51,629,387 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Old Point Financial Corporation
- EIN
- 54-1265373
- Plan number
- 002
- Plan type
- 2
- Location
- Hampton, VA
- Latest filing year
- 2023
- Participants
- 443
- End-of-year plan assets
- $51,629,387
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 443 | H, C | 20241009133430NAL0019339217001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $51,629,387
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $51,629,387
- Net assets (BOY)
- $44,396,892
Income & contributions
- Employer contributions
- $794,292
- Participant contributions
- $1,733,069
- Total contributions
- $3,062,720
- Total income / additions
- $11,109,004
Expenses & distributions
- Benefits paid
- $3,836,772
- Administrative expenses
- $39,737
- Total expenses
- $3,876,509
- Net increase / (decrease)
- $7,232,495
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Epic Retirement Plan Services | NONE | $39,737 | $0 | 2023 |