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Original filing (PDF)20250603081858NAL0010546881001
TOWNEBANK
Form 5500
FILING_RECEIVED
TOWNEBANK EMPLOYEE WELFARE PLAN
Health & welfare plan
Signals · 2
No auditor on fileNo recordkeeper disclosed
Active participants
2,572
Accounts w/ balance
—
Plan assets (EOY)
—
Net assets (EOY)
—
Plan health score (directional)
75
/ 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
60
Concentration risk
75
Total plan cost
75
Vendor stack
80
Participation health
100
Knocking points off
- No independent qualified public accountant (IQPA) named.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TOWNEBANK.
Plan sponsor
Name
TOWNEBANK
EIN
54-1910608
Address
6001 HARBOUR VIEW BLVD · SUFFOLK, VA · 234352767
Phone
(757) 638-6700
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Name
TOWNEBANK
EIN
54-1910608
City
SUFFOLK, VA
Phone
(757) 638-6700
Plan characteristics
Plan number
505
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-06-03
Welfare benefit codes
4D · Dental
4E · Vision
4A · Health (other than dental or vision)
4B · Life Insurance
4H · Long-Term Disability
4F · Temporary Disability (accident and sickness)
4G · Prepaid Legal
4Q · Other
Audit & trust (Schedule H)
Auditor
—
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsTPA / Administrator
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CIGNA HEALTH & LIFE INS. CO. | 59-1031071 | — | TPA | $1.4M | — |
| EVERNORTH BEHAVIORAL HEALTH INC | 41-1648670 | — | TPA | $47K | — |
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.
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