Sba Master Defined Benefit Pension Plan For First National Bank — Form 5500 plan (First National Bank)
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 Master Defined Benefit Pension Plan For First National Bank is a benefit plan reported by First National Bank under EIN 54-0211100 and plan number 001. The latest loaded filing year is 2023. The filing reports 171 participants and $15,458,585 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First National Bank
- EIN
- 54-0211100
- Plan number
- 001
- Plan type
- 2
- Location
- Altavista, VA
- Latest filing year
- 2023
- Participants
- 171
- End-of-year plan assets
- $15,458,585
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 171 | H, C | 20250715073212NAL0001409571001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,458,585
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,458,585
- Net assets (BOY)
- $11,886,917
Income & contributions
- Employer contributions
- $1,000,000
- Total contributions
- $1,000,000
- Total income / additions
- $3,943,818
Expenses & distributions
- Benefits paid
- $336,436
- Administrative expenses
- $35,714
- Total expenses
- $372,150
- Net increase / (decrease)
- $3,571,668
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Vba Benefits Corporation | MASTER TRUST SPONSOR | $20,902 | not reported in the loaded dataset | 2023 |
| Sageview Consulting Group | ACTUARY | $17,690 | not reported in the loaded dataset | 2023 |