Plan Snapshot
- Plan Sponsor: Fvcbank
- Sponsor EIN: 020794839
- Sponsor Address: 11325 RANDOM HILLS ROAD, FAIRFAX, VA, 22030
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $13.3M
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 | 114 | $13.3M | $398,528 | $1.1M |
| 2023 | 120 | $12.2M | $429,632 | $1.2M |
| 2022 | 135 | $10.3M | $422,181 | $1.1M |
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 | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YOUNT HYDE & BARBOUR — 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 | $58,543 | $38,631 | — | — | — |
| 2023 | $63,235 | $43,192 | $20,043 | — | — |
| 2022 | $62,293 | $32,220 | $30,073 | — | — |