Plan Snapshot
- Plan Sponsor: Mainstreet Bank
- Sponsor EIN: 470914596
- Sponsor Address: 10089 FAIRFAX BLVD., FAIRFAX, VA, 220301742
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 210
- Total Assets: $28.1M
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. |
|---|---|---|---|---|
| 2025 | 210 | $28.1M | $0 | $0 |
| 2024 | 205 | $22.5M | $1.1M | $1.9M |
| 2023 | 189 | $20.0M | $903,728 | $1.6M |
| 2022 | 165 | $16.6M | $605,221 | $1.3M |
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 |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICES, LLC | Investment Advisor | — | $13,579 | $13,579 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,579
- Estimated Expense Ratio: 0.048% 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 |
|---|---|---|---|---|---|
| 2025 | $1,446,096 | — | $4,772 | — | — |
| 2024 | $3,463 | — | $3,463 | — | — |
| 2023 | $2,773 | — | $2,773 | — | — |
| 2022 | $2,608 | — | $2,608 | — | — |