401k Plan data: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION plan

VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 401k Plan overview

Plan Name	VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION
Plan identification number	002

VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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

THE BANK OF MARION has sponsored the creation of one or more 401k plans.

Company Name: THE BANK OF MARION

Employer identification number (EIN): 540132780

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about THE BANK OF MARION

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1984-11-30

Company Identification Number: 0264009

Legal Registered Office Address: PO BOX 1067

MARION
United States of America (USA)
24354-1067

More information about THE BANK OF MARION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2019-01-01
002 2018-01-01 BOBBI WEIMER 2019-05-28 HEIDI LYALL 2019-05-28
002 2017-01-01 BOBBI WEIMER 2018-06-19 HEIDI LYALL 2018-06-19
002 2017-01-01 BOBBI WEIMER 2018-07-27 HEIDI LYALL 2018-07-30
002 2016-01-01 LAURIE MILLIGAN 2017-08-14 HEIDI LYALL 2017-08-17
002 2016-01-01 LAURIE MILLIGAN 2017-07-19 HEIDI LYALL 2017-07-19
002 2015-01-01 BETTE J ALBERT 2016-06-08 HEIDI D. LYALL 2016-06-03
002 2014-01-01 BETTE J ALBERT 2015-06-11 HEIDI LYALL, PHR 2015-06-23
002 2013-01-01 BETTE J. ALBERT 2014-04-01 HEIDI D. LYALL 2014-05-06
002 2012-01-01 BETTE J. ALBERT 2013-05-03 HEIDI D. ROBERTSON 2013-05-15
002 2011-01-01 BETTE J. ALBERT 2012-03-15 HEIDI D. ROBERTSON 2012-03-20
002 2010-01-01 BETTE J. ALBERT 2011-05-10 HEIDI D. ROBERTSON 2011-05-27

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2019-01-01
002	2018-01-01	BOBBI WEIMER	2019-05-28	HEIDI LYALL	2019-05-28
002	2017-01-01	BOBBI WEIMER	2018-06-19	HEIDI LYALL	2018-06-19
002	2017-01-01	BOBBI WEIMER	2018-07-27	HEIDI LYALL	2018-07-30
002	2016-01-01	LAURIE MILLIGAN	2017-08-14	HEIDI LYALL	2017-08-17
002	2016-01-01	LAURIE MILLIGAN	2017-07-19	HEIDI LYALL	2017-07-19
002	2015-01-01	BETTE J ALBERT	2016-06-08	HEIDI D. LYALL	2016-06-03
002	2014-01-01	BETTE J ALBERT	2015-06-11	HEIDI LYALL, PHR	2015-06-23
002	2013-01-01	BETTE J. ALBERT	2014-04-01	HEIDI D. LYALL	2014-05-06
002	2012-01-01	BETTE J. ALBERT	2013-05-03	HEIDI D. ROBERTSON	2013-05-15
002	2011-01-01	BETTE J. ALBERT	2012-03-15	HEIDI D. ROBERTSON	2012-03-20
002	2010-01-01	BETTE J. ALBERT	2011-05-10	HEIDI D. ROBERTSON	2011-05-27

Plan Statistics for VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION

401k plan membership statisitcs for VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION

Measure Date Value
2022: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2022 401k membership
Total participants, beginning-of-year 2022-01-01 108
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 132
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 5
Total of all active and inactive participants 2022-01-01 138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 138
Number of participants with account balances 2022-01-01 73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2021 401k membership
Total participants, beginning-of-year 2021-01-01 121
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 104
Number of retired or separated participants receiving benefits 2021-01-01 1
Number of other retired or separated participants entitled to future benefits 2021-01-01 3
Total of all active and inactive participants 2021-01-01 108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 108
Number of participants with account balances 2021-01-01 70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2020 401k membership
Total participants, beginning-of-year 2020-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 114
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 7
Total of all active and inactive participants 2020-01-01 121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 121
Number of participants with account balances 2020-01-01 68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2019 401k membership
Total participants, beginning-of-year 2019-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 125
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 15
Total of all active and inactive participants 2019-01-01 140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 140
Number of participants with account balances 2019-01-01 79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 4

Measure	Date	Value
2022: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2022 401k membership
Total participants, beginning-of-year	2022-01-01	108
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	132
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	5
Total of all active and inactive participants	2022-01-01	138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	138
Number of participants with account balances	2022-01-01	73
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2021 401k membership
Total participants, beginning-of-year	2021-01-01	121
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	104
Number of retired or separated participants receiving benefits	2021-01-01	1
Number of other retired or separated participants entitled to future benefits	2021-01-01	3
Total of all active and inactive participants	2021-01-01	108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	108
Number of participants with account balances	2021-01-01	70
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2020 401k membership
Total participants, beginning-of-year	2020-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	114
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	7
Total of all active and inactive participants	2020-01-01	121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	121
Number of participants with account balances	2020-01-01	68
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2019 401k membership
Total participants, beginning-of-year	2019-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	125
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	15
Total of all active and inactive participants	2019-01-01	140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	140
Number of participants with account balances	2019-01-01	79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	4

Financial Data on VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION

Measure	Date	Value
2022 : VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-544,870
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$675,755
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$627,932
Value of total corrective distributions	2022-12-31	$7,333
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$414,335
Value of total assets at end of year	2022-12-31	$6,501,338
Value of total assets at beginning of year	2022-12-31	$7,721,963
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$40,490
Total interest from all sources	2022-12-31	$1,400
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$93,399
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$93,399
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$228,869
Participant contributions at end of year	2022-12-31	$25,308
Participant contributions at beginning of year	2022-12-31	$34,502
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$15,073
Other income not declared elsewhere	2022-12-31	$233,023
Administrative expenses (other) incurred	2022-12-31	$40,490
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-1,220,625
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$6,501,338
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$7,721,963
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$1,253,568
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$6,420,300
Interest on participant loans	2022-12-31	$1,400
Value of interest in common/collective trusts at end of year	2022-12-31	$5,222,462
Value of interest in common/collective trusts at beginning of year	2022-12-31	$1,267,161
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,209,710
Net investment gain or loss from common/collective trusts	2022-12-31	$-77,317
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$170,393
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$627,932
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	BROWN EDWARDS AND COMPANY LLP
Accountancy firm EIN	2022-12-31	540504608
2021 : VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$1,186,760
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$1,709,959
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,650,694
Value of total corrective distributions	2021-12-31	$10,115
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$351,444
Value of total assets at end of year	2021-12-31	$7,721,963
Value of total assets at beginning of year	2021-12-31	$8,245,162
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$49,150
Total interest from all sources	2021-12-31	$2,278
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$226,104
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$226,104
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$215,689
Participant contributions at end of year	2021-12-31	$34,502
Participant contributions at beginning of year	2021-12-31	$55,629
Other income not declared elsewhere	2021-12-31	$30
Administrative expenses (other) incurred	2021-12-31	$49,150
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$-523,199
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$7,721,963
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$8,245,162
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$6,420,300
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$6,975,650
Interest on participant loans	2021-12-31	$2,278
Value of interest in common/collective trusts at end of year	2021-12-31	$1,267,161
Value of interest in common/collective trusts at beginning of year	2021-12-31	$1,213,883
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$568,496
Net investment gain or loss from common/collective trusts	2021-12-31	$38,408
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$135,755
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,650,694
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BROWN EDWARDS AND COMPANY LLP
Accountancy firm EIN	2021-12-31	540504608
2020 : VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$6,779
Total income from all sources (including contributions)	2020-12-31	$1,021,358
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$1,565,708
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$1,544,054
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$308,101
Value of total assets at end of year	2020-12-31	$8,245,162
Value of total assets at beginning of year	2020-12-31	$8,796,291
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$21,654
Total interest from all sources	2020-12-31	$2,683
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$166,021
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$166,021
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$6,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$186,622
Participant contributions at end of year	2020-12-31	$55,629
Participant contributions at beginning of year	2020-12-31	$48,222
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-12-31	$2,048
Other income not declared elsewhere	2020-12-31	$-12,966
Administrative expenses (other) incurred	2020-12-31	$21,654
Total non interest bearing cash at end of year	2020-12-31	$0
Total non interest bearing cash at beginning of year	2020-12-31	$2,048
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$-544,350
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$8,245,162
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$8,789,512
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$6,975,650
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$3,160,780
Income. Interest from loans (other than to participants)	2020-12-31	$2,683
Value of interest in common/collective trusts at end of year	2020-12-31	$1,213,883
Value of interest in common/collective trusts at beginning of year	2020-12-31	$5,584,589
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$529,643
Net investment gain or loss from common/collective trusts	2020-12-31	$27,876
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$121,479
Employer contributions (assets) at end of year	2020-12-31	$0
Employer contributions (assets) at beginning of year	2020-12-31	$652
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$1,544,054
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2020-12-31	Yes
Liabilities. Value of benefit claims payable at beginning of year	2020-12-31	$4,731
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	BROWN EDWARDS AND COMPANY LLP
Accountancy firm EIN	2020-12-31	540504608
2019 : VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$6,779
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$6,779
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$1,691,461
Total income from all sources (including contributions)	2019-12-31	$1,691,461
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$1,153,223
Total of all expenses incurred	2019-12-31	$1,153,223
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,123,971
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$1,123,971
Expenses. Certain deemed distributions of participant loans	2019-12-31	$13,238
Expenses. Certain deemed distributions of participant loans	2019-12-31	$13,238
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$325,063
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$325,063
Value of total assets at end of year	2019-12-31	$8,796,291
Value of total assets at end of year	2019-12-31	$8,796,291
Value of total assets at beginning of year	2019-12-31	$8,251,274
Value of total assets at beginning of year	2019-12-31	$8,251,274
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$16,014
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$16,014
Total interest from all sources	2019-12-31	$2,102
Total interest from all sources	2019-12-31	$2,102
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$234,310
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$234,310
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$234,310
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$234,310
Administrative expenses professional fees incurred	2019-12-31	$4,267
Administrative expenses professional fees incurred	2019-12-31	$4,267
Was this plan covered by a fidelity bond	2019-12-31	No
Was this plan covered by a fidelity bond	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$191,475
Contributions received from participants	2019-12-31	$191,475
Participant contributions at end of year	2019-12-31	$48,222
Participant contributions at end of year	2019-12-31	$48,222
Participant contributions at beginning of year	2019-12-31	$38,444
Participant contributions at beginning of year	2019-12-31	$38,444
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$2,048
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$2,048
Administrative expenses (other) incurred	2019-12-31	$769
Administrative expenses (other) incurred	2019-12-31	$769
Total non interest bearing cash at end of year	2019-12-31	$2,048
Total non interest bearing cash at end of year	2019-12-31	$2,048
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$538,238
Value of net income/loss	2019-12-31	$538,238
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$8,789,512
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$8,789,512
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$8,251,274
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$8,251,274
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$10,978
Investment advisory and management fees	2019-12-31	$10,978
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$3,160,780
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$3,160,780
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$5,991,313
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$5,991,313
Interest on participant loans	2019-12-31	$2,102
Interest on participant loans	2019-12-31	$2,102
Value of interest in common/collective trusts at end of year	2019-12-31	$5,584,589
Value of interest in common/collective trusts at end of year	2019-12-31	$5,584,589
Value of interest in common/collective trusts at beginning of year	2019-12-31	$2,221,517
Value of interest in common/collective trusts at beginning of year	2019-12-31	$2,221,517
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$931,100
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$931,100
Net investment gain or loss from common/collective trusts	2019-12-31	$198,886
Net investment gain or loss from common/collective trusts	2019-12-31	$198,886
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$133,588
Contributions received in cash from employer	2019-12-31	$133,588
Employer contributions (assets) at end of year	2019-12-31	$652
Employer contributions (assets) at end of year	2019-12-31	$652
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,123,971
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$1,123,971
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$4,731
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$4,731
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	BROWN EDWARDS AND COMPANY LLP
Accountancy firm name	2019-12-31	BROWN EDWARDS AND COMPANY LLP
Accountancy firm EIN	2019-12-31	540504608
Accountancy firm EIN	2019-12-31	540504608

Form 5500 Responses for VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION

2022: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: VBA DEFINED CONTRIBUTION PLAN FOR THE BANK OF MARION 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	Yes
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	THE BANK OF MARION
Employer identification number (EIN):	540132780
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1984-11-30
Company Identification Number:	0264009
Legal Registered Office Address:	PO BOX 1067 MARION United States of America (USA) 24354-1067