401k Plan data: VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC. plan

VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC. 401k Plan overview

Plan Name	VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC.
Plan identification number	003

VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC. 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.
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

PIONEER BANKSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: PIONEER BANKSHARES, INC.

Employer identification number (EIN): 541278721

NAIC Classification: 551111
NAIC Description: Offices of Bank Holding Companies

Additional information about PIONEER BANKSHARES, INC.

Jurisdiction of Incorporation: Virginia Secretary of State

Incorporation Date: 1983-11-04

Company Identification Number: 0248418

Legal Registered Office Address: 263 E MAIN ST
PO BOX 766
STANLEY
United States of America (USA)
22851

More information about PIONEER BANKSHARES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2023-01-01 CINDY BEAZLEY 2024-09-19 LORI HASSETT 2024-09-20
003 2022-01-01 VICTORIA HELLER 2023-08-29 LORI HASSETT 2023-09-06
003 2021-01-01 BOBBI JO WEIMER 2022-10-14 LORI HASSETT 2022-10-14
003 2021-01-01 LORI G. HASSETT 2022-10-04
003 2020-01-01 BOBBI JO WEIMER 2021-10-11 LORI HASSETT 2021-10-13
003 2019-01-01 BOBBI WEIMER 2020-10-09 ELIZABETH CRIBB 2020-10-13
003 2018-01-01 BOBBI WEIMER 2019-07-01 ELIZABETH CRIBB 2019-07-16
003 2017-01-01 BOBBI WEIMER 2018-06-06 ELIZABETH CRIBB 2018-07-20
003 2016-01-01 LAURIE MILLIGAN 2017-07-18 ELIZABETH CRIBB 2017-07-20
003 2015-01-01 BETTE J. ALBERT 2016-06-09 ELIZABETH A. CRIBB 2016-06-14
003 2014-01-01 BETTE J ALBERT 2015-04-06 ELIZABETH A. BOONE 2015-04-03
003 2013-01-01 BETTE J. ALBERT 2014-04-01 SHERYL FALLS 2014-05-21
003 2012-01-01 BETTE J. ALBERT 2013-05-02 SHERYL FALLS 2013-06-07
003 2011-01-01 BETTE J. ALBERT 2012-03-05 SHERYL FALLS 2012-04-03
003 2010-01-01 BETTE J. ALBERT 2011-05-10 SHERYL FALLS 2011-06-08

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2023-01-01	CINDY BEAZLEY	2024-09-19	LORI HASSETT	2024-09-20
003	2022-01-01	VICTORIA HELLER	2023-08-29	LORI HASSETT	2023-09-06
003	2021-01-01	BOBBI JO WEIMER	2022-10-14	LORI HASSETT	2022-10-14
003	2021-01-01	LORI G. HASSETT	2022-10-04
003	2020-01-01	BOBBI JO WEIMER	2021-10-11	LORI HASSETT	2021-10-13
003	2019-01-01	BOBBI WEIMER	2020-10-09	ELIZABETH CRIBB	2020-10-13
003	2018-01-01	BOBBI WEIMER	2019-07-01	ELIZABETH CRIBB	2019-07-16
003	2017-01-01	BOBBI WEIMER	2018-06-06	ELIZABETH CRIBB	2018-07-20
003	2016-01-01	LAURIE MILLIGAN	2017-07-18	ELIZABETH CRIBB	2017-07-20
003	2015-01-01	BETTE J. ALBERT	2016-06-09	ELIZABETH A. CRIBB	2016-06-14
003	2014-01-01	BETTE J ALBERT	2015-04-06	ELIZABETH A. BOONE	2015-04-03
003	2013-01-01	BETTE J. ALBERT	2014-04-01	SHERYL FALLS	2014-05-21
003	2012-01-01	BETTE J. ALBERT	2013-05-02	SHERYL FALLS	2013-06-07
003	2011-01-01	BETTE J. ALBERT	2012-03-05	SHERYL FALLS	2012-04-03
003	2010-01-01	BETTE J. ALBERT	2011-05-10	SHERYL FALLS	2011-06-08

Plan Statistics for VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC.

401k plan membership statisitcs for VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC.

Measure Date Value
2024: VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC. 2024 401k membership
Total number of particpants at beginning of year 2024-09-20 79
Total number of particpants at end of year 2024-09-20 64
Number of Participants With Account Balances 2024-09-20 59

Measure	Date	Value
2024: VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC. 2024 401k membership
Total number of particpants at beginning of year	2024-09-20	79
Total number of particpants at end of year	2024-09-20	64
Number of Participants With Account Balances	2024-09-20	59

Financial Data on VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC.

Measure	Date	Value
2024 : VBA DEFINED CONTRIBUTION PLAN FOR PIONEER BANKSHARES, INC. 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-09-20	77271
Net assets as of the end of the plan year	2024-09-20	3108443
Total assets as of the beginning of the plan year	2024-09-20	2411998
Value of plan covered by a fidelity bond	2024-09-20	3000000
Participant contributions to plan in this plan year	2024-09-20	220069
Value of participant loans at end of plan year	2024-09-20	13584
Other income to plan in this plan year	2024-09-20	446646
Plan net income in this plan year	2024-09-20	696445
Net assets as of the end of the plan year	2024-09-20	3108443
Net assets as of the beginning of the plan year	2024-09-20	2411998
Employer contributions to plan in this plan year	2024-09-20	107001
Expensese paid to adminstrative service provicers from plan in this plan year	2024-09-20	23018

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Company Name:	PIONEER BANKSHARES, INC.
Employer identification number (EIN):	541278721
NAIC Classification:	551111
NAIC Description:	Offices of Bank Holding Companies

Jurisdiction of Incorporation:	Virginia Secretary of State
Incorporation Date:	1983-11-04
Company Identification Number:	0248418
Legal Registered Office Address:	263 E MAIN ST PO BOX 766 STANLEY United States of America (USA) 22851