Plan Snapshot
- Plan Sponsor: Primis Bank
- Sponsor EIN: 202453966
- Sponsor Address: 10900 NUCKOLS ROAD, GLEN ALLEN, VA, 23060
- Plan Type: 401(k)
- Total Participants: 593
- Total Assets: $44.4M
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 | 593 | $44.4M | $1.8M | $3.4M |
| 2023 | 541 | $36.3M | $1.6M | $2.9M |
| 2022 | 576 | $29.5M | $1.3M | $2.3M |
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 |
|---|---|---|---|---|
| WOLF & COMPANY, 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 | $263,900 | $97,288 | $164,394 | — | — |
| 2023 | $211,253 | $76,085 | $133,718 | — | — |
| 2022 | $182,520 | — | — | — | — |