Plan Snapshot
- Plan Sponsor: Virginia National Bankshares Corporation
- Sponsor EIN: 541902129
- Sponsor Address: 222 E MAIN ST, CHARLOTTESVILLE, VA, 229025232
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $18.8M
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 | 156 | $18.8M | $599,793 | $845,677 |
| 2023 | 160 | $17.1M | $660,844 | $917,888 |
| 2022 | 154 | $15.3M | $684,102 | $960,246 |
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 AND BARBOUR, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YOUNT, HYDE AND 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 | $78,286 | — | $78,286 | — | — |
| 2023 | $79,042 | — | $79,042 | — | — |
| 2022 | $84,559 | — | $84,559 | — | — |