Back to filter
Original filing (PDF)20251009161508NAL0016608018001
VBA BENEFITS CORPORATION
Form 5500
FILING_RECEIVED
STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST
Health & welfare plan
Signals · 3
1 failed disclosure~8651 bps in Sched C feesNo recordkeeper disclosed
Active participants
5,666
Accounts w/ balance
—
Plan assets (EOY)
$41K
Net assets (EOY)
$41K
Plan health score (directional)
80
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
85
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 1 Schedule C provider failed to disclose compensation.
- 8651 bps in Schedule C fees — 5376% above peer band of 158 bps.
- 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 VBA BENEFITS CORPORATION.
Plan sponsor
Name
VBA BENEFITS CORPORATION
EIN
54-1741662
Address
4490 COX ROAD · GLEN ALLEN, VA · 23060
Phone
(804) 643-8060
Industry
Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
502
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-09
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4E · Vision
4F · Temporary Disability (accident and sickness)
4H · Long-Term Disability
4L · Death Benefits (other than life insurance)
4Q · Other
Audit & trust (Schedule H)
Auditor
BROWN EDWARDS
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| LINCOLN NATIONAL LIFE INSURANCE CO | 35-0472300 | — | NONE | $17K | — |
| LINCOLN NATIONAL LIFE INSURANCE CO | 35-0472300 | — | NONE | $16K | — |
| TRUIST BANK | 56-1074313 | CHARLOTTE, NC | NONE | $3K | — |
Failed / refused disclosures (Sched C Part 2)
| Provider | Nondisclosure info |
|---|---|
| LINCOLN NATIONAL LIFE INSURANCE CO | CARRIER DID NOT PROVIDE AN ADDRESS & SERVICE CODES ON SCHEDULE C |
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.