Plan Snapshot
- Plan Sponsor: American National Bank & Trust Company
- Sponsor EIN: 540121975
- Sponsor Address: 628 MAIN STREET, DANVILLE, VA, 245411320
- Plan Type: 401(k)
- Total Participants: 334
- Total Assets: $32.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 334 | $32.1M | $1.4M | $2.6M |
| 2022 | 354 | $25.2M | $1.2M | $2.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $198,536 | — | $198,536 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISORY | — | $71,222 | $71,222 |
| AMERICAN NATIONAL BANK AND TRUST CO | OTHER SERVICES | — | $13,600 | $13,600 |
| HARRIS HARVEY NEAL & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP, LLC — INVESTMENT ADVISORY
- HARRIS HARVEY NEAL & CO., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $283,358
- Estimated Expense Ratio: 0.884% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2023 | $99,268 | — | $99,268 | — | — |
| 2022 | $89,280 | — | $89,280 | — | — |