# Bank Of Botetourt DB Plan
Source: https://planprovider.pro/companies/bank-of-botetourt-plan

> Bank Of Botetourt's DB plan: 121 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bank Of Botetourt

- **Sponsor EIN:** 540132390

- **Sponsor Address:** PO BOX 339, BUCHANAN, VA, 240660339

- **Plan Type:** DB

- **Total Participants:** 121

- **Total Assets:** $5.6M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|121|$5.6M|$350,000|$0|

| 2023|124|$5.4M|$300,000|$0|

| 2022|111|$4.8M|$400,000|$0|

## 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|

| YOUNT HYDE & BARBOUR, PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [YOUNT HYDE & BARBOUR, PC](https://planprovider.pro/provider/yount-hyde-and-barbour-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$24,798|—|—|—|—|

| 2023|$23,168|—|—|—|—|

| 2022|$23,372|$460|—|—|$22,912|

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- [Bank Of Botetourt](https://planprovider.pro/companies/bank-of-botetourt-401k-plan) — 129 participants

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- [Village Bank And Trust Financial](https://planprovider.pro/companies/village-bank-and-trust-financial-401k-plan) — 134 participants

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