Sba Cash Balance Pension Plan For Bank Of Botetourt — Form 5500 plan (Bank Of Botetourt)
Plain-English plan 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, Sba Cash Balance Pension Plan For Bank Of Botetourt is a benefit plan reported by Bank Of Botetourt under EIN 54-0132390 and plan number 001. The latest loaded filing year is 2023. The filing reports 127 participants and $5,350,917 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bank Of Botetourt
- EIN
- 54-0132390
- Plan number
- 001
- Plan type
- 2
- Location
- Buchanan, VA
- Latest filing year
- 2023
- Participants
- 127
- End-of-year plan assets
- $5,350,917
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 127 | H, C | 20241011133604NAL0022846897001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,350,917
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,350,917
- Net assets (BOY)
- $4,815,613
Income & contributions
- Employer contributions
- $300,000
- Total contributions
- $300,000
- Total income / additions
- $909,231
Expenses & distributions
- Benefits paid
- $350,759
- Administrative expenses
- $23,168
- Total expenses
- $373,927
- Net increase / (decrease)
- $535,304
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Sageview Consulting Group | ACTUARY | $16,165 | not reported in the loaded dataset | 2023 |
| Vba Benefits Corporation | MASTER TRUST SPONSOR | $7,423 | not reported in the loaded dataset | 2023 |