First Community Bankshares, Inc. Employee Stock Ownership And Savings Plan — Form 5500 plan (First Community 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, First Community Bankshares, Inc. Employee Stock Ownership And Savings Plan is a benefit plan reported by First Community Bankshares, Inc. under EIN 55-0694814 and plan number 001. The latest loaded filing year is 2023. The filing reports 979 participants and $74,475,180 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Community Bankshares, Inc.
- EIN
- 55-0694814
- Plan number
- 001
- Plan type
- 2
- Location
- Bluefield, VA
- Latest filing year
- 2023
- Participants
- 979
- End-of-year plan assets
- $74,475,180
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 979 | H, C | 20240927140913NAL0003931776001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $74,475,180
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $74,475,180
- Net assets (BOY)
- $68,107,284
Income & contributions
- Employer contributions
- $1,572,731
- Participant contributions
- $2,188,060
- Total contributions
- $6,776,369
- Total income / additions
- $15,028,291
Expenses & distributions
- Benefits paid
- $8,500,328
- Administrative expenses
- $160,067
- Total expenses
- $8,660,395
- Net increase / (decrease)
- $6,367,896
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $113,057 | $0 | 2023 |
| Fund Direct Advisors Inc. | INVESTMENT ADVISORY | $46,985 | not reported in the loaded dataset | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First Community Bankshares, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Bluefield, VA
- Principal Life Insurance Company — Schedule C compensation
- Fund Direct Advisors Inc. — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation