# First Community Bankshares, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/first-community-bankshares-inc-550694814-504

> First Community Bankshares, INC.'s Health & Welfare plan: 473 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First Community Bankshares, INC.

- **Sponsor EIN:** 550694814

- **Sponsor Address:** PO BOX 989, BLUEFIELD, VA, 24605

- **Plan Type:** Health & Welfare

- **Plan Number:** 504

- **Total Participants:** 473

- **Total Assets:** $364,507

## 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|473|$364,507|$3.3M|$1.7M|

| 2023|501|$690,972|$3.8M|$1.8M|

| 2022|495|$562,470|$3.7M|$2.0M|

## 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|

| HEALTHGRAM, INC|Other Service Provider|$208,935|—|$208,935|

| CIGNA CORPORATION|Other Service Provider|$79,734|—|$79,734|

| CAREOPERATIVE, LLC|Other Service Provider|$8,273|—|$8,273|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $296,942

- **Estimated Expense Ratio:** 81.464% 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|$300,403|—|$296,942|—|—|

| 2023|$303,276|—|$275,998|—|—|

| 2022|$287,315|—|—|—|—|

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- [Blue Ridge Bankshares, INC.](https://planprovider.pro/companies/blue-ridge-bankshares-inc-540132730-504) — 478 participants

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