First National Corporation
61
Plan:
30
63
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (61) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $55,600 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
VBA Defined Contribution Plan for First National Corporation is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 15% of plans for Participation Rate. VBA Defined Contribution Plan for First National Corporation currently has over 100 active participants and over $4.7M in plan assets.
Retirement Plan Details
| Address |
112 W King St
Strasburg, VA 22657-2220 |
| Industry | Commercial Banking |
| Administrator | Bette J. Albert |
| Sponsor | Harry S. Smith |
| Net Plan Assets | $4,710,000 |
| Total Participants | 170 |
| Avg Account Balance | $27,000 |
Compare Other Companies in Peer Group
| Bridge Bank, N.A. | 73.8 |
| DNB Financial | 69.0 |
| First Breckinridge Bancshares | 63.5 |
| United Security Bank | 60.8 |
| Jersey Shore State Bank | 58.1 |
| Texas Bank | 55.0 |
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