Plan Snapshot
- Plan Sponsor: Bank Of The James Financial Group, INC.
- Sponsor EIN: 200500300
- Sponsor Address: 828 MAIN STREET, LYNCHBURG, VA, 24504
- Plan Type: 401(k)
- Total Participants: 162
- Total Assets: $16.8M
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 | 162 | $16.8M | $483,058 | $1.1M |
| 2023 | 159 | $14.3M | $470,878 | $1.0M |
| 2022 | 164 | $11.8M | $422,500 | $915,217 |
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 |
|---|---|---|---|---|
| BROWN, EDWARDS & COMPANY, L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BROWN, EDWARDS & COMPANY, L.L.P. — 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 | $33,308 | $10,422 | $22,886 | — | — |
| 2023 | $31,988 | $9,759 | $22,229 | — | — |
| 2022 | $28,697 | $8,797 | $19,900 | — | — |