Back to filter
Original filing (PDF)20250731090127NAL0002939539001
PRIMIS BANK
Form 5500
FILING_RECEIVED
SBA DEFINED CONTRIBUTION PLAN FOR PRIMIS BANK
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
593
Accounts w/ balance
691
Plan assets (EOY)
$44.4M
Net assets (EOY)
$44.4M
How this plan invests
This plan
14 pooled trusts
Schedule D
51 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 59 bps in Schedule C fees — 104% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PRIMIS BANK.
Plan sponsor
Name
PRIMIS BANK
EIN
20-2453966
Address
10900 NUCKOLS ROAD · GLEN ALLEN, VA · 23060
Phone
(807) 779-4810
Industry
Management of Companies / Holdingssee all
Plan administrator
Name
VBA BENEFITS CORPORATION
EIN
54-1741662
City
GLEN ALLEN, VA
Phone
(800) 643-5599
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-31
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
WOLF & COMPANY, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | 71-0294708 | — | SERVICE PROVIDER | $167K | — |
| VBA BENEFITS CORPORTATION | 54-1741662 | — | SERVICE PROVIDER | $95K | — |
Investments
36 direct securities · 14 pooled funds· $79.5M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$45.9M
36 holdings
Common Collective Trust
$33.5M
14 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Vangrd Trgt Retire 2025 Tr II Common Collective Trust | — | — | — | $5.2M | 11.6% | |
| VANGUARD TARGET RETIREMENT 2025 VANGUARD FUNDS · EIN 90-6083980 / PN 001 | Common Collective Trust | — | — | $5.2M | 11.6% | |
| Vangrd Trgt Retire 2045 Tr II Common Collective Trust | — | — | — | $4.5M | 10.2% | |
| VANGUARD TARGET RETIREMENT 2045 VANGUARD FUNDS · EIN 90-6083972 / PN 001 | Common Collective Trust | — | — | $4.5M | 10.2% | |
| Vangrd Trgt Retire 2035 Tr II Common Collective Trust | — | — | — | $4.1M | 9.2% | |
| VANGUARD TARGET RETIREMENT 2035 VANGUARD FUNDS · EIN 90-6083976 / PN 001 | Common Collective Trust | — | — | $4.1M | 9.2% | |
| Vangrd Trgt Retire 2030 Tr II Common Collective Trust | — | — | — | $3.7M | 8.3% | |
| VANGUARD TARGET RETIREMENT 2030 VANGUARD FUNDS · EIN 90-6083978 / PN 001 | Common Collective Trust | — | — | $3.7M | 8.3% | |
| Wilmington MFS Growth Fund | — | — | — | $3.2M | 7.2% | |
| WILMINGTON TRUST MFS GROWTH CIT WILMINGTON TRUST FUNDS · EIN 38-4126293 / PN 596 | Common Collective Trust | — | — | $3.2M | 7.2% | |
| Vangrd Trgt Retire 2040 Tr II Common Collective Trust | — | — | — | $3.1M | 7.0% | |
| VANGUARD TARGET RETIREMENT 2040 VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083974 / PN 001 | Common Collective Trust | — | — | $3.1M | 7.0% | |
| Vangrd Trgt Retire 2050 Tr II Common Collective Trust | — | — | — | $2.8M | 6.3% | |
| VANGUARD TARGET RETIREMENT 2050 VANGUARD FUNDS · EIN 90-6083970 / PN 001 | Common Collective Trust | — | — | $2.8M | 6.3% | |
| Fidelity 500 Index Fund | — | — | — | $2.7M | 6.1% | |
| Vangrd Trgt Retire Inc Tr II Common Collective Trust | — | — | — | $2.1M | 4.8% | |
| VANGUARD TARGET RETIREMENT INCOME T VANGUARD FUNDS · EIN 90-6083967 / PN 001 | Common Collective Trust | — | — | $2.1M | 4.8% | |
| Vanguard Equity Income Fund | — | — | — | $1.6M | 3.5% | |
| Vangrd Trgt Retire 2055 Tr II Common Collective Trust | — | — | — | $1.5M | 3.4% | |
| VANGUARD TARGET RETIREMENT 2055 VANGUARD FUNDS · EIN 27-6715091 / PN 001 | Common Collective Trust | — | — | $1.5M | 3.4% | |
| Gldmn Sachs St Vl Cl Tr Is S Common Collective Trust | — | — | — | $1.5M | 3.4% | |
| GOLDMAN SACHS GOLDMAN SACHS FUNDS · EIN 13-4166989 / PN 005 | Common Collective Trust | — | — | $1.5M | 3.4% | |
| Primis Common stock, 101,503 shares | — | — | $102K | $1.2M | 2.8% | |
| Vangrd Trgt Retire 2060 Tr II Common Collective Trust | — | — | — | $944K | 2.1% | |
| VANGUARD TARGET RETIREMENT 2060 VANGUARD FUNDS · EIN 45-3799419 / PN 001 | Common Collective Trust | — | — | $944K | 2.1% | |
| Wasatch Small Growth Fund | — | — | — | $790K | 1.8% | |
| JP Morgan Mid-Cap Growth Fund | — | — | — | $729K | 1.6% | |
| Maturing through 2030, interest rates ranging from * Participant loans*** 3.50% to 8.75%, collateralized by participant accounts | — | — | — | $600K | 1.4% | |
| Vangrd Trgt Retire 2020 Tr II Common Collective Trust | — | — | — | $566K | 1.3% | |
| VANGUARD TARGET RETIREMENT 2020 VANGUARD FUNDS · EIN 90-6083982 / PN 001 | Common Collective Trust | — | — | $566K | 1.3% | |
| Voya Intermediate Bond Fund | — | — | — | $493K | 1.1% | |
| Victory Mid-Cap Value Fund | — | — | — | $490K | 1.1% | |
| Victory Sycmr Est Vl Fd R6 Registered Investment Company | — | — | — | $490K | 1.1% | |
| PIMCO RAE US Small Fund Institutional Class | — | — | — | $356K | 0.8% | |
| American Funds EuroPacific Growth Fund | — | — | — | $318K | 0.7% | |
| Fid US Bd Id Fd Registered Investment Company | — | — | — | $313K | 0.7% | |
| Fidelity U.S. Bond Index Fund | — | — | — | $313K | 0.7% | |
| Voya Money market fund | — | — | — | $280K | 0.6% | |
| Voya Gv Mny Mkt F A (Hld A Registered Investment Company | — | — | — | $280K | 0.6% | |
| Vangrd Trgt Retire 2065 Tr II Common Collective Trust | — | — | — | $275K | 0.6% | |
| VANGUARD TARGET RETIREMENT 2065 VANGUARD FUNDS · EIN 82-6194314 / PN 001 | Common Collective Trust | — | — | $275K | 0.6% | |
| PIMCO Real Return Fund | — | — | — | $242K | 0.5% | |
| JPMorgan Emrg Mkts Eqty Fd R6 Registered Investment Company | — | — | — | $239K | 0.5% | |
| JP Morgan Emerging Markets Equity Fund | — | — | — | $239K | 0.5% | |
| Fidelity Tot Intl Idx Fund Registered Investment Company | — | — | — | $212K | 0.5% | |
| Fidelity Total International Index Fund | — | — | — | $212K | 0.5% | |
| Cohen & Steers Real Estate Securities Fund | — | — | — | $186K | 0.4% | |
| Fidelity Ext Mkt Index Fund Registered Investment Company | — | — | — | $150K | 0.3% | |
| Vangrd Trgt Retire 2070 Tr II Common Collective Trust | — | — | — | $71K | 0.2% | |
| VANGUARD TARGET RETIREMENT 2070 VANGUARD FUNDS · EIN 87-7039453 / PN 001 | Common Collective Trust | — | — | $71K | 0.2% |