# Virginia National Bankshares Corporation 401(k) Plan
Source: https://planprovider.pro/companies/virginia-national-bankshares-corporation-401k-plan

> Virginia National Bankshares Corporation&#39;s 401(k) plan: 156 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/yount-hyde-and-barbour-pc) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/virginia-national-bankshares-corporation-401k-plan)

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