How big is First National Corporation's plan?

First National Corporation's plan reported $36.3M in assets and 309 participants for 2024.

Original filing (PDF)20251003091745NAL0001998896001

First National Corporation

Name: First National Corporation — First National, Form 5500 (2024)
Creator: First National Corporation
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

First National Corporation 401(k) Plan

401(k) retirement plan · First National Corporation's First National Corporation 401(k) Plan held $36.3M in plan assets for 309 participants in 2024, with Voya as recordkeeper.

Signals · 2

27% in single holdingCorrective distributions issued

Active participants

309

Accounts w/ balance

364

Plan assets (EOY)

$36.3M

Net assets (EOY)

$36.3M

People on this filing

Claire Pollock signed First National Corporation's 2024 Form 5500 as plan administrator.

Claire Pollock — Plan Administrator — Form 5500 signer
Dennis Dysart — Employer / Plan Sponsor — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

First National Corporation's EIN is 54-1232965.

EIN 54-1232965

Plan number 002

Plan year 2024

ACK ID 20251003091745NAL0001998896001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for First National Corporation from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

First National Corporation's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for FIRST NATIONAL CORPORATION.

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How this plan invests

This plan

14 pooled trusts

Schedule D

16 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).
Total administrative cost in the bottom quartile of peers (20th percentile).

Plan sponsor

Name

FIRST NATIONAL CORPORATION

EIN

all filings

Address

112 W. KING STREET · STRASBURG, VA · 22657

Phone

(540) 465-9121

Industry

Commercial Banking· Finance & Insurance

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

2025-10-03

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)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
VOYA RETIREMENT INSURANCE AND ANNUI	71-0294708	—	SERVICE PROVIDER	$114K	—

Other service providers

Name	EIN	Location	Relation	Direct comp	Indirect comp
VBA BENEFITS CORPORATION	54-1741662	—	SERVICE PROVIDER	$71K	—

Investments

16 direct securities · 14 pooled funds· $36.3M(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.

Common Collective Trust

$29.0M

14 holdings

Common Collective Trusts

$3.2M

3 holdings

Mutual Funds

$1.5M

5 holdings

Common Stocks

$1.4M

2 holdings

Other securities

$1.2M

5 holdings

Cash / Money Market

$2K

1 holding

					% of plan
VANGUARD TARGET RETIREMENT 2035 TRU VANGUARD FUNDS · EIN 90-6083976 / PN 001	Common Collective Trust	—	$184K	$9.9M	27.4%
VANGUARD TARGET RETIREMENT 2025 TRU VANGUARD FUNDS · EIN 90-6083980 / PN 001	Common Collective Trust	—	$108K	$5.3M	14.7%
VANGUARD TARGET RETIREMENT 2045 TRU VANGUARD FUNDS · EIN 90-6083972 / PN 001	Common Collective Trust	—	$61K	$3.7M	10.2%
VANGUARD TARGET RETIREMENT 2055 TRU VANGUARD FUNDS · EIN 27-6715091 / PN 001	Common Collective Trust	—	$34K	$2.8M	7.8%
Fidelity 500 Index Fd 10,779 shares	Common Collective Trusts	—	$11K	$2.2M	6.1%
VANGUARD TARGET RETIREMENT 2030 TRU VANGUARD FUNDS · EIN 90-6083978 / PN 001	Common Collective Trust	—	$28K	$1.4M	4.0%
GOLDMAN SACHS ST VL CL TR IS SR CL GOLDMAN SACHS FUNDS · EIN 13-4166989 / PN 005	Common Collective Trust	—	$1.2M	$1.2M	3.3%
VANGUARD TARGET RETIREMENT 2020 TRU VANGUARD FUNDS · EIN 90-6083982 / PN 001	Common Collective Trust	—	$24K	$1.1M	3.1%
WILMINGTON TRUST MFS GROWTH CIT FEE GREAT GRAY TRUST COMPANY, LLC. · EIN 38-4126293 / PN 596	Common Collective Trust	—	$48K	$880K	2.4%
VANGUARD TARGET RETIREMENT 2040 TRU VANGUARD FIDUCIARY TRUST COMPANY · EIN 90-6083974 / PN 001	Common Collective Trust	—	$13K	$772K	2.1%
VANGUARD TARGET RETIREMENT 2050 TRU VANGUARD FUNDS · EIN 90-6083970 / PN 001	Common Collective Trust	—	$12K	$761K	2.1%
Wasatch Core Growth Fd Inst Registered Investment Company	Common Stocks	—	—	$693K	1.9%
JPMorgan Mid Cap Growth Fd R6 Registered Investment Company	Common Stocks	—	—	$664K	1.8%
VANGUARD TARGET RETIREMENT INCOME T VANGUARD FUNDS · EIN 90-6083967 / PN 001	Common Collective Trust	—	$15K	$660K	1.8%
Vanguard Equity Income Fd Adm 6,334 shares	Mutual Funds	—	$6K	$559K	1.5%
Fidelity Total Intl Idx Fd 37,541 shares	Common Collective Trusts	—	$38K	$504K	1.4%
Fidelity US Bd Idx Fd 49,199 shares	Common Collective Trusts	—	$49K	$503K	1.4%
Notes Receivable from Participants Variable interest rates and maturities.	Other securities	—	—	$470K	1.3%
PIMCO RAE US Small Ins 38,810 shares	Mutual Funds	—	$39K	$442K	1.2%
Voya Intermediate Bond Fd R6 32,885 shares	Other securities	—	$33K	$283K	0.8%
Fidelity Extended Mkt Ind Fd 2,814 shares	Mutual Funds	—	$3K	$256K	0.7%
Victory Sycmr Est. Value F 4,146 shares	Other securities	—	$4K	$191K	0.5%
VANGUARD TARGET RETIREMENT 2065 TRU VANGUARD FUNDS · EIN 82-6194314 / PN 001	Common Collective Trust	—	$4K	$167K	0.5%
JP Morgan Emerging Mkts Eqty Fnd R6 5,480 shares	Other securities	—	$5K	$166K	0.5%
American Funds EuroPacific Grw R6 2,804 shares	Mutual Funds	—	$3K	$151K	0.4%
VANGUARD TARGET RETIREMENT 2060 TRU VANGUARD FUNDS · EIN 45-3799419 / PN 001	Common Collective Trust	—	$2K	$143K	0.4%
PIMCO Real Return Fd Inst 13,069 shares	Mutual Funds	—	$13K	$130K	0.4%
Cohen & Steers Real Estate Secs Fd Z 4,335 shares	Other securities	—	$4K	$75K	0.2%
VANGUARD TARGET RETIREMENT 2070 TRU VANGUARD FUNDS · EIN 87-7039453 / PN 001	Common Collective Trust	—	$1K	$29K	<0.1%
Voya Gov Money Mkt Fd A 1,632 shares	Cash / Money Market	—	$2K	$2K	<0.1%