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Original filing (PDF)20251014140437NAL0003107809001
FIRST NATIONAL BANK
Form 5500
FILING_RECEIVED
SBA DEFINED CONTRIBUTION PLAN FOR FIRST NATIONAL BANK
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
180
Accounts w/ balance
201
Plan assets (EOY)
$12.5M
Net assets (EOY)
$12.5M
How this plan invests
This plan
14 pooled trusts
Schedule D
41 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
- 69 bps in Schedule C fees — 138% 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 FIRST NATIONAL BANK.
Plan sponsor
Name
FIRST NATIONAL BANK
EIN
54-0211100
Address
622 BROAD STREET · ALTAVISTA, VA · 24517
Phone
(434) 369-3000
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
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)
Audit & trust (Schedule H)
Auditor
CHERRY BEKAERT LLP
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 | $60K | — |
| VBA BENEFITS CORPORATION | 54-1741662 | — | SERVICE PROVIDER | $26K | — |
Investments
27 direct securities · 14 pooled funds· $16.5M(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
$8.4M
27 holdings
Common Collective Trust
$8.2M
14 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund Registered Investment Company | — | — | — | $2.3M | 18.7% | |
| Vangrd Trgt Retire 2030 Tr II Common Collective Trust | — | — | — | $1.3M | 10.8% | |
| VANGUARD TARGET RETIREMENT 2030 TRU VANGUARD FUNDS · EIN 90-6083978 / PN 001 | Common Collective Trust | — | — | $1.3M | 10.8% | |
| VANGUARD TARGET RETIREMENT 2035 TRU VANGUARD FUNDS · EIN 90-6083976 / PN 001 | Common Collective Trust | — | — | $1.3M | 10.4% | |
| Goldman Sachs Stable Value Cl Tr Is S | — | — | — | $1.3M | 10.2% | |
| GOLDMAN SACHS ST VL CL TR IS SR CL GOLDMAN SACHS FUNDS · EIN 13-4166989 / PN 005 | Common Collective Trust | — | — | $1.3M | 10.2% | |
| VANGUARD TARGET RETIREMENT 2040 TRU VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083974 / PN 001 | Common Collective Trust | — | — | $887K | 7.1% | |
| VANGUARD TARGET RETIREMENT 2045 TRU VANGUARD FUNDS · EIN 90-6083972 / PN 001 | Common Collective Trust | — | — | $678K | 5.4% | |
| VANGUARD TARGET RETIREMENT 2050 TRU VANGUARD FUNDS · EIN 90-6083970 / PN 001 | Common Collective Trust | — | — | $603K | 4.8% | |
| Vanguard Equity Income Fund Adm | — | — | — | $583K | 4.7% | |
| Vanguard Trgt Retire 2070 Tr II ** 640 Vanguard Trgt Retire Inc Tr II | — | — | — | $511K | 4.1% | |
| VANGUARD TARGET RETIREMENT INCOME T VANGUARD FUNDS · EIN 90-6083967 / PN 001 | Common Collective Trust | — | — | $511K | 4.1% | |
| VANGUARD TARGET RETIREMENT 2055 TRU VANGUARD FUNDS · EIN 27-6715091 / PN 001 | Common Collective Trust | — | — | $429K | 3.4% | |
| VANGUARD TARGET RETIREMENT 2025 TRU VANGUARD FUNDS · EIN 90-6083980 / PN 001 | Common Collective Trust | — | — | $422K | 3.4% | |
| Wilmington MFS Growth CIT | — | — | — | $292K | 2.3% | |
| WILMINGTON TRUST MFS GROWTH CIT - F WILMINGTON TRUST FUNDS · EIN 38-4126293 / PN 596 | Common Collective Trust | — | — | $292K | 2.3% | |
| VANGUARD TARGET RETIREMENT 2065 TRU VANGUARD FUNDS · EIN 82-6194314 / PN 001 | Common Collective Trust | — | — | $189K | 1.5% | |
| Voya Intermediate Bond Fund R6 Registered Investment Company | — | — | — | $184K | 1.5% | |
| American Funds Euro Pacific Growth Fund | — | — | — | $167K | 1.3% | |
| party date,rate of interest, collateral, par, or maturity date American Funds EuroPacific R6 Registered Investment Company | — | — | — | $167K | 1.3% | |
| Victory Sycamore Established Value F | — | — | — | $164K | 1.3% | |
| Victory Sycmr Est Vl Fd R6 Registered Investment Company | — | — | — | $164K | 1.3% | |
| PIMCO RAE US Small Ins | — | — | — | $154K | 1.2% | |
| Wasach Core Growth Fund Inst | — | — | — | $146K | 1.2% | |
| VANGUARD TARGET RETIREMENT 2060 TRU VANGUARD FUNDS · EIN 45-3799419 / PN 001 | Common Collective Trust | — | — | $139K | 1.1% | |
| Fid US Bd Id Fd Registered Investment Company | — | — | — | $124K | 1.0% | |
| Fidelity US Bond Index Fund | — | — | — | $124K | 1.0% | |
| JP Morgan Mid Cap Growth Fund | — | — | — | $115K | 0.9% | |
| VANGUARD TARGET RETIREMENT 2020 TRU VANGUARD FUNDS · EIN 90-6083982 / PN 001 | Common Collective Trust | — | — | $92K | 0.7% | |
| Fidelity Tot Intl Idx Fund Registered Investment Company | — | — | — | $84K | 0.7% | |
| Fidelity Total lnt'l Index Fund | — | — | — | $84K | 0.7% | |
| Cohen & Steers RE Secs Fund | — | — | — | $67K | 0.5% | |
| maturing through May 2029. | — | — | — | $65K | 0.5% | |
| LOAN FUND Participant Loans - Rates 3.25% to 8.50% | — | — | — | $65K | 0.5% | |
| JP Morgan Emerging Mkts Equity Fund | — | — | — | $63K | 0.5% | |
| JPMorgan Emrg Mkts Eqty Fd R6 Registered Investment Company | — | — | — | $63K | 0.5% | |
| PIMCO Real Return Fund Ins | — | — | — | $41K | 0.3% | |
| Fidelity Extended Mkt Fund | — | — | — | $21K | 0.2% | |
| Voya Gov Money Market Fund A | — | — | — | $1K | <0.1% | |
| Voya Gv Mny Mkt F A (Hld A Registered Investment Company | — | — | — | $1K | <0.1% | |
| VANGUARD TARGET RETIREMENT 2070 TRU VANGUARD FUNDS · EIN 87-7039453 / PN 001 | Common Collective Trust | — | — | $640 | <0.1% |
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