# Skyline National Bank DC Plan
Source: https://planprovider.pro/companies/skyline-national-bank-plan

> Skyline National Bank's DC plan: 237 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Skyline National Bank

- **Sponsor EIN:** 540228860

- **Sponsor Address:** 113 WEST MAIN STREET, INDEPENDENCE, VA, 24348

- **Plan Type:** DC

- **Total Participants:** 237

- **Total Assets:** $10.6M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|237|$10.6M|$412,011|$680,562|

| 2023|211|$9.3M|$395,884|$616,331|

| 2022|221|$7.5M|$378,729|$615,064|

## 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|

| BROWN EDWARDS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BROWN EDWARDS](https://planprovider.pro/provider/brown-edwards-and-company-llp) — 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|$81,876|$24,407|$57,288|—|—|

| 2023|$69,172|$19,999|$49,073|—|—|

| 2022|$64,152|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/skyline-national-bank-plan)

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