Retirement plan

FIRST NATIONAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST NATIONAL CORPORATION - FIRST NATIONAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN (2018) Form 5500
Creator: FIRST NATIONAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST NATIONAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN, FIRST NATIONAL CORPORATION

FIRST NATIONAL CORPORATIONEIN 54-1232965Plan #003PY 2018

112 WEST KING STREET - STRASBURG, VA 22657540-465-9121

Other plans on this EIN

2 filings

#002Retirement-$11.1M assets #001Retirement--

Prospect flagsRecently cancelled planWind-down / frozen

How to read this page

Total assets (EOY)

-100.0% from 2017

Total participants

-100.0% from 2017

Average account balance

-100.0% from 2017

Annual return

15.18%

-14.59 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

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

Not enough data

0 years with headcount on file

Eligible Participants and Participation

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

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
TRANSITION FINANCE STRATEGIES, LLC1 year Filed as: TRANSITION FINANCE STRATEGIES Service code 15 · EIN 13-4238973 154 HANSEN ROAD, SUITE 102 · CHAROLOTTESVILLE, VA 22911	Recordkeeping	$17,694
TROUTMAN SANDERS LLP1 year Service code 29 · EIN 58-0946915 TROUTMAN SANDERS BUILDING · RICHMOND, VA 23219	Legal	$12,578
YOUNT, HYDE & BARBOUR, P.C.1 year Filed as: YOUNT, HYDE & BATBOUR Service code 10 · EIN 54-1149263 50 SOUTH CAMERON STREET · WINCHESTER, VA 22601	Accounting	$11,955
GOLDMAN SACHS1 year Filed as: PERFORMANCE TRUST CAPITAL PARTNERS, Service code 34 · EIN 20-8098412 500 W MADISON · CHICAGO, IL 60661	Valuation (appraisals, etc.)	$11,000

Plan features & details

Pension benefit codes2E2I2K2O3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2I
Stock bonus
Stock bonus plan.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$53K

Other / not subdivided$53K100.0%

% of EOY assets

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: YOUNT, HYDE & BARBOUR PC
Auditor EIN: 541149263
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$160,059-100.0%

$140,019-100.0%

$135,380-100.0%

Participation rate

0.0%

88.5%-88.5pp

87.5%-87.5pp

82.6%-82.6pp

Annual return

15.18%

911.48%-896.3pp

651.17%-636.0pp

519.81%-504.6pp

Employer contribution / active EE

$6,420-100.0%

$5,605-100.0%

$4,779-100.0%

Participant deferral / active EE

$7,641-100.0%

$6,927-100.0%

$5,609-100.0%

Admin fee / account holder

$13,328-100.0%

$10,705-100.0%

$10,828-100.0%

Provider

Service type

Compensation

TRANSITION FINANCE STRATEGIES, LLC1 year

Filed as: TRANSITION FINANCE STRATEGIES

Service code 15 · EIN 13-4238973

154 HANSEN ROAD, SUITE 102 · CHAROLOTTESVILLE, VA 22911

Recordkeeping

$17,694

TROUTMAN SANDERS LLP1 year

Service code 29 · EIN 58-0946915

TROUTMAN SANDERS BUILDING · RICHMOND, VA 23219

Legal

$12,578

YOUNT, HYDE & BARBOUR, P.C.1 year

Filed as: YOUNT, HYDE & BATBOUR

Service code 10 · EIN 54-1149263

50 SOUTH CAMERON STREET · WINCHESTER, VA 22601

Accounting

$11,955

GOLDMAN SACHS1 year

Filed as: PERFORMANCE TRUST CAPITAL PARTNERS,

Service code 34 · EIN 20-8098412

500 W MADISON · CHICAGO, IL 60661

Valuation (appraisals, etc.)

$11,000

FIRST NATIONAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST NATIONAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

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