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FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 401k Plan overview

Plan NameFIRST NATIONAL CORPORATION PROFIT SHARING PLAN
Plan identification number 001

FIRST NATIONAL CORPORATION PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FIRST NATIONAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL CORPORATION
Employer identification number (EIN):042541452
NAIC Classification:523900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST NATIONAL CORPORATION PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL HEBERT2024-07-25
0012022-01-01MICHAEL HEBERT2023-09-26
0012021-01-01MICHAEL HEBERT2022-10-04
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01
0012012-01-01MICHAEL HEBERT2013-08-21
0012011-01-01MICHAEL HEBERT2012-10-12
0012010-01-01MICHAEL HEBERT2011-10-12
0012009-01-01MICHAEL HEBERT

Plan Statistics for FIRST NATIONAL CORPORATION PROFIT SHARING PLAN

401k plan membership statisitcs for FIRST NATIONAL CORPORATION PROFIT SHARING PLAN

Measure Date Value
2025: FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-077
Total number of particpants at end of year2025-06-079
Number of Participants With Account Balances2025-06-079
2024: FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-258
Total number of particpants at end of year2024-07-257
Number of Participants With Account Balances2024-07-257
2022: FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-10-046
Total number of particpants at end of year2022-10-046
Number of Participants With Account Balances2022-10-046
2009: FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014
Total number of active participants reported on line 7a of the Form 55002009-01-015
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-015
Number of participants with account balances2009-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FIRST NATIONAL CORPORATION PROFIT SHARING PLAN

Measure Date Value
2025 : FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-072189
Net assets as of the end of the plan year2025-06-075952168
Total assets as of the beginning of the plan year2025-06-073000727
Value of plan covered by a fidelity bond2025-06-07300000
Participant contributions to plan in this plan year2025-06-07117679
Other contributions to plan in this plan year2025-06-072367555
Other income to plan in this plan year2025-06-07386666
Plan net income in this plan year2025-06-072951441
Net assets as of the end of the plan year2025-06-075952168
Net assets as of the beginning of the plan year2025-06-073000727
Employer contributions to plan in this plan year2025-06-0781730
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-072189
2024 : FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-2517629
Net assets as of the end of the plan year2024-07-253000727
Total assets as of the beginning of the plan year2024-07-252427650
Value of plan covered by a fidelity bond2024-07-25200000
Participant contributions to plan in this plan year2024-07-25112800
Other contributions to plan in this plan year2024-07-250
Other income to plan in this plan year2024-07-25408539
Plan net income in this plan year2024-07-25573077
Net assets as of the end of the plan year2024-07-253000727
Net assets as of the beginning of the plan year2024-07-252427650
Employer contributions to plan in this plan year2024-07-2569367
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-252678
2022 : FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-040
Total liabilities as of the end of the plan year2022-10-040
Total liabilities as of the beginning of the plan year2022-10-040
Total expenses incurred by plan in this plan year2022-10-042424
Net assets as of the end of the plan year2022-10-042712831
Total assets as of the beginning of the plan year2022-10-042228030
Value of plan covered by a fidelity bond2022-10-04222803
Participant contributions to plan in this plan year2022-10-0491200
Other expenses paid from plan in this plan year2022-10-040
Other contributions to plan in this plan year2022-10-040
Other income to plan in this plan year2022-10-04323655
Plan net income in this plan year2022-10-04484801
Net assets as of the end of the plan year2022-10-042712831
Net assets as of the beginning of the plan year2022-10-042228030
Employer contributions to plan in this plan year2022-10-0472370
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-042424

Form 5500 Responses for FIRST NATIONAL CORPORATION PROFIT SHARING PLAN

2009: FIRST NATIONAL CORPORATION PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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