Plan Snapshot
- Plan Sponsor: Village Bank And Trust Financial
- Sponsor EIN: 161694602
- Sponsor Address: P. O. BOX 330, MIDLOTHIAN, VA, 23113
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 134 | $17.9M | $416,967 | $1.1M |
| 2023 | 147 | $16.4M | $393,727 | $1.0M |
| 2022 | 147 | $13.9M | $662,537 | $1.0M |
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, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YOUNT, HYDE, BARBOUR, P.C. — 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 | $118,116 | $41,579 | $75,687 | — | — |
| 2023 | $98,638 | $34,777 | $63,511 | — | — |
| 2022 | $91,176 | $91,176 | — | — | — |