Virginia National Bankshares Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Virginia National Bankshares 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, Virginia National Bankshares Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Virginia National Bankshares Corporation under EIN 54-1902129 and plan number 001. The latest loaded filing year is 2023. The filing reports 209 participants and $17,142,346 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Virginia National Bankshares Corporation
- EIN
- 54-1902129
- Plan number
- 001
- Plan type
- 2
- Location
- Charlottesville, VA
- Latest filing year
- 2023
- Participants
- 209
- End-of-year plan assets
- $17,142,346
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 209 | H, C | 20241008075211NAL0009462243001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,142,346
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,142,346
- Net assets (BOY)
- $15,326,872
Income & contributions
- Employer contributions
- $660,844
- Participant contributions
- $917,888
- Total contributions
- $1,581,789
- Total income / additions
- $3,878,728
Expenses & distributions
- Benefits paid
- $1,984,212
- Administrative expenses
- $79,042
- Total expenses
- $2,063,254
- Net increase / (decrease)
- $1,815,474
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $79,041 | $0 | 2023 |
| Northwestern Mutual Wealth Mgmt | INVESTMENT ADVISORY | $0 | $23,001 | 2023 |
| Northwestern Mutual Investment Serv | OTHER SERVICES | $0 | $11,300 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Virginia National Bankshares Corporation
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Charlottesville, VA
- Principal Life Insurance Company — Schedule C compensation
- Northwestern Mutual Wealth Mgmt — Schedule C compensation
- Northwestern Mutual Investment Serv — Schedule C compensation