# Blue Ridge Bankshares, INC. 401(k) Plan
Source: https://planprovider.pro/companies/blue-ridge-bankshares-inc-401k-plan

> Blue Ridge Bankshares, INC.'s 401(k) plan: 444 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Blue Ridge Bankshares, INC.

- **Sponsor EIN:** 541838100

- **Sponsor Address:** 1801 BAYBERRY COURT, SUITE 101, RICHMOND, VA, 23226

- **Plan Type:** 401(k)

- **Total Participants:** 444

- **Total Assets:** $27.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|444|$27.4M|$1.9M|$2.9M|

| 2023|528|$23.7M|$2.0M|$3.0M|

| 2022|523|$19.8M|$1.9M|$2.8M|

## 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|

| ELLIOTT DAVIS|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ELLIOTT DAVIS](https://planprovider.pro/provider/elliott-davis-llc) — 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|$112,843|—|—|—|—|

| 2023|$82,909|—|—|—|—|

| 2022|$74,443|$33,417|—|—|—|

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- [Blue Ridge Bankshares, INC.](https://planprovider.pro/companies/blue-ridge-bankshares-inc-plan-005) — 271 participants

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