Back to filter
Original filing (PDF)20250715073212NAL0001409571001
FIRST NATIONAL BANK
Form 5500
FILING_RECEIVED
SBA MASTER DEFINED BENEFIT PENSION PLAN FOR FIRST NATIONAL BANK
Defined-benefit pension plan
Signals · 1
No recordkeeper disclosed
Active participants
157
Accounts w/ balance
—
Plan assets (EOY)
$15.5M
Net assets (EOY)
$15.5M
Plan health score (directional)
93
/ 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
75
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- No recordkeeper disclosed on Schedule C.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FIRST NATIONAL BANK.
Plan sponsor
Name
FIRST NATIONAL BANK
EIN
54-0211100
Address
PO BOX 29 · ALTAVISTA, VA · 245170029
Phone
(434) 369-3000
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2023
Plan year begin
2023-10-01
Tax period
2024-09-30
Filed
2025-07-15
Pension benefit codes
1A · Pay-related DB formula
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
CHERRY BEKAERT LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsActuary
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| SAGEVIEW CONSULTING GROUP | 27-1001403 | — | ACTUARY | $18K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VBA BENEFITS CORPORATION | 54-1741662 | — | MASTER TRUST SPONSOR | $21K | — |
Investments
The Schedule of Assets is filed as a free-form PDF attachment on EFAST2; we parse these offline and coverage is partial (priority is the largest plans by EOY assets). This plan also reports no pooled (Schedule D) interests, so its holdings aren’t hidden on a master-trust filing. The line-item data lives on DOL EFAST2 under the same ACK_ID.
See Methodology > Data linkages for how Form 5500 / Schedule H / Schedule D / Schedule of Assets fit together.
Related plans
Other plans using VBA BENEFITS CORPORATION
CITIZENS AND FARMERS BANK
SBA DEFINED CONTRIBUTION PLAN FOR CITIZENS AND FARMERS BANK
$60.5M · 410 participants
BEARING INSURANCE GROUP, LLC
SBA DEFINED CONTRIBUTION PLAN FOR BEARING INSURANC
$39.8M · 256 participants
FIRST NATIONAL CORPORATION
FIRST NATIONAL CORPORATION 401(K) PLAN
$36.3M · 309 participants
BANK OF CLARKE
SBA DEFINED CONTRIBUTION PLAN FOR BANK OF CLARKE
$33.4M · 229 participants
C&F MORTGAGE CORPORATION
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE
$23.7M · 140 participants
CITIZENS & FARMERS BANK
SBA CASH BALANCE PENSION PLAN FOR CITIZENS & FARMERS BANK
$21.2M · 237 participants
Similar-size Commercial Banking plans
PROFINIUM FINANCIAL HOLDINGS, INC.
PROFINIUM 401(K) PLAN
$15.5M · 89 participants
NEWFIELD NATIONAL BANK
NEWFIELD NATIONAL BANK 401(K) PLAN
$15.5M · 139 participants
TIOGA STATE BANK
TIOGA STATE BANK RETIREMENT SAVINGS PLAN
$15.4M · 105 participants
BANKCHEROKEE 401(K) SALARY SAVINGS PLAN
BANKCHEROKEE 401(K) SALARY SAVINGS PLAN
$15.6M · 72 participants
MIDSTATES BANK, NATIONAL ASSOCIATION
MIDSTATES BANK, NATIONAL ASSOCIATION 401(K) PLAN
$15.6M · 98 participants
UNITED PRAIRIE BANK
UNITED PRAIRIE BANK 401(K) PROFIT SHARING PLAN
$15.3M · 124 participants
Large plans in Virginia
NORTHROP GRUMMAN CORPORATION
NORTHROP GRUMMAN SAVINGS PLAN
$39.5B · 99,799 participants
GENERAL DYNAMICS CORPORATION
GENERAL DYNAMICS CORPORATION 401(K) PLAN MASTER TRUST AGREEMENT
$23.5B
GENERAL DYNAMICS CORPORATION
GENERAL DYNAMICS CORPORATION 401(K) PLAN MASTER TRUST AGREEMENT
$23.5B
NORTHROP GRUMMAN CORPORATION
NORTHROP GRUMMAN PENSION PLAN
$18.8B · 11,507 participants
NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION
401(K) PENSION PLAN
$16.8B · 61,593 participants
NORTHROP GRUMMAN CORPORATION
NG DB MT FIXED INCOME FUND
$13.0B