Plan Snapshot
- Plan Sponsor: Atlantic Union Bankshares Corporation
- Sponsor EIN: 541598552
- Sponsor Address: 4300 COX ROAD, GLEN ALLEN, VA, 23060
- Plan Type: 401(k)
- Total Participants: 1,978
- Total Assets: $300.7M
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. |
|---|---|---|---|---|
| 2024 | 1,978 | $300.7M | $8.4M | $17.2M |
| 2023 | 1,888 | $271.1M | $8.2M | $16.4M |
| 2022 | 1,940 | $217.4M | $7.0M | $15.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $264,392 | — | $264,392 |
| MERCER (US) INC MERCER INVESTMENTS | Investment Advisor | $77,864 | — | $77,864 |
| TROUTMAN SANDERS LOCKERMAN & ASHMOR | ERISA Attorney | $73,833 | — | $73,833 |
| BDO USA, P.C. | Auditor | $35,415 | — | $35,415 |
| ADVISED ASSETS GROUP, LLC | Investment Advisor | $10,362 | — | $10,362 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $461,866
- Estimated Expense Ratio: 0.154% 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 |
|---|---|---|---|---|---|
| 2024 | $598,708 | $88,226 | — | $35,415 | — |
| 2023 | $350,646 | $45,375 | $242,033 | $60,715 | — |
| 2022 | $317,231 | $54,750 | $188,381 | — | $41,700 |