Retirement plan

AMERICAN NATIONAL BANK AND TRUST COMPANY EMPLOYEES SAVINGS PLAN

Name: AMERICAN NATIONAL BANK & TRUST COMPANY - AMERICAN NATIONAL BANK AND TRUST COMPANY EMPLOYEES SAVINGS PLAN (2020) Form 5500
Creator: AMERICAN NATIONAL BANK & TRUST COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN NATIONAL BANK AND TRUST COMPANY EMPLOYEES SAVINGS PLAN, AMERICAN NATIONAL BANK & TRUST COMPANY

AMERICAN NATIONAL BANK & TRUST COMPANYEIN 54-0121975Plan #002PY 2020

628 MAIN STREET, PO BOX 191 - DANVILLE, VA 245410191434-773-2261atlanticunionbank.comLinkedIn1001-5000 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$4.7M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed September 12, 2023

Plan administrator

Plan administrator name— Sign in and upgrade to view

628 Main Street

Danville, VA 24541

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Plans declared (2)

VBA Deferred Compensation Plan for American National Bank & Trust Company6 emp
Deferred Compensation Agreement for Executive1 emp

Total covered: 7 employees

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Total assets (EOY)

$25.1M

+12.7% from 2019

Total participants

415

+3.2% from 2019

Average account balance

$64,682

+9.5% from 2019

Annual return

15.20%

-8.78 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$32.05M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$84K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

383

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.49%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$259

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 12 · EIN 27-2037969	Recordkeeping and information managem...	$60,126
SAGEVIEW ADVISORY GROUP, LLC6+ years Filed as: SAGEVIEW ADVISORY GROUP Service code 27 · EIN 33-0818667	Advisory (Plan)	$30,918

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$91K

$270 / participant

Investment mgmt$31K34.0%
Contract admin$60K66.0%

% of EOY assets

0.363%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HARRIS HARVEY NEAL & CO., LLP
Auditor EIN: 540643136
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,682

$111,608-42.0%

$177,848-63.6%

$73,412-11.9%

Participation rate

92.0%

87.9%+4.1pp

87.7%+4.3pp

72.2%+19.8pp

Annual return

15.20%

18.23%-3.0pp

48.33%-33.1pp

59.30%-44.1pp

Employer contribution / active EE

$3,081

$3,796-18.8%

$5,919-47.9%

$2,234+38.0%

Participant deferral / active EE

$5,639

$6,199-9.0%

$7,714-26.9%

$3,806+48.2%

Admin fee / account holder

$235

$166+41.7%

$12,431-98.1%

$158+48.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 12 · EIN 27-2037969

Recordkeeping and information managem...

$60,126

SAGEVIEW ADVISORY GROUP, LLC6+ years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 27 · EIN 33-0818667

Advisory (Plan)

$30,918

AMERICAN NATIONAL BANK AND TRUST COMPANY EMPLOYEES SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN NATIONAL BANK AND TRUST COMPANY EMPLOYEES SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion