Blue Ridge Bankshares, Inc. 401(K) Plan — Form 5500 plan (Blue Ridge Bankshares, Inc.)

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, Blue Ridge Bankshares, Inc. 401(K) Plan is a benefit plan reported by Blue Ridge Bankshares, Inc. under EIN 54-1838100 and plan number 004. The latest loaded filing year is 2023. The filing reports 640 participants and $23,747,750 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Blue Ridge Bankshares, Inc.
EIN
54-1838100
Plan number
004
Plan type
2
Location
Richmond, VA
Latest filing year
2023
Participants
640
End-of-year plan assets
$23,747,750

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023640H, C20251024160040NAL0002842739001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$23,747,750
Total liabilities (EOY)
$129,684
Net assets (EOY)
$23,618,066
Net assets (BOY)
$19,801,302

Income & contributions

Employer contributions
$1,955,193
Participant contributions
$3,007,355
Total contributions
$5,507,850
Total income / additions
$8,113,460

Expenses & distributions

Benefits paid
$4,213,787
Administrative expenses
$82,909
Total expenses
$4,296,696
Net increase / (decrease)
$3,816,764

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Alerus FinancialNONE$52,156$02023
Lpl Financial LLCNONE$30,789$02023

Related Form 5500 pages