# Old Point Financial Corporation 401(k) Plan
Source: https://planprovider.pro/companies/old-point-financial-corporation-401k-plan

> Old Point Financial Corporation's 401(k) plan: 257 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Old Point Financial Corporation

- **Sponsor EIN:** 541265373

- **Sponsor Address:** 1 WEST MELLEN STREET, HAMPTON, VA, 23663

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

- **Total Participants:** 257

- **Total Assets:** $55.5M

## 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|257|$55.5M|$768,153|$1.6M|

| 2023|293|$51.6M|$794,292|$1.7M|

| 2022|283|$44.4M|$666,747|$1.5M|

## 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|

| WALL EINHORN & CHERNITZER, P.C.|Auditor|—|—|$0|

## 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|$43,047|—|—|—|—|

| 2023|$39,737|—|—|—|—|

| 2022|$30,780|—|$30,780|—|—|

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