2023 Form 5500 filing — Vba Defined Contribution Plan For Bank Of Botetourt
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241011121308NAL0021823265001) for Vba Defined Contribution Plan For Bank Of Botetourt, reported by Bank Of Botetourt under EIN 54-0132390 and plan number 002. It reports 151 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011121308NAL0021823265001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bank Of Botetourt
- EIN
- 54-0132390
- Plan number
- 002
- Location
- Buchanan, VA
- Participants
- 151
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,378,937
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,378,937
- Employer contributions
- $361,295
- Participant contributions
- $463,835
- Total income / additions
- $2,250,753
- Benefits paid
- $1,723,776
- Administrative expenses
- $61,546
- Total expenses
- $1,785,322
- Net increase / (decrease)
- $465,431
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Vba Benefits Corporation | SERVICE PROVIDER | $39,470 | $0 |
| Vba Benefits Corporation | SERVICE PROVIDER | $22,075 | not reported in the loaded dataset |