401(k) · DOL Form 5500 · 2022

First National Corporation 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
204
Participants Below avg headcount
78th
Percentile by assets National rank
$103,132
Avg per participant Below avg balance/head
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Official DOL plan name: First National Corporation 401(k) Plan · Sponsored by First National Corporation · Virginia · Finance & Insurance

$21M in assets, 204 participants

First National Corporation's First National Corporation 401(k) Plan reported $21M in total assets and 204 participants in its 2022 DOL Form 5500 filing, ranking in the 78th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,008 in Finance & Insurance (9,261 peers)

Coverage in Virginia

First National Corporation 401(k) Plan covers 204 participants in Virginia, about 26% of the average Virginia filer (state average ~782 per filing). Assets: $21M.

#6,008
in Finance & Insurance (9,261 peers)
-9.4%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First National Corporation 401(k) Plan's outsized position by total assets

First National Corporation 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$21,038,899 Top 22% higher than 78% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

First National Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First National Corporation 401(k) Plan sits mid-pack in the medium band (204 participants).

Form 5500 schedule snapshot

Filing strip 541232965 · First National Corporation PY 2022 · 401(k)

First National Corporation 401(k) Plan · $21M · 204 · 78th

  • 5500 $21M
  • ASSETS 204
  • PCT 78th
  • EIN 401(k)
  • RANK near Franklin & Prokopik 401(k) Savings & Profit Sharing
  • PHOTO ind #6008

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Virginia →

First National Corporation 401(k) Plan in the asset neighbourhood

First National Corporation 401(k) PlanFirst National Corporation 4…$21MFranklin & Prokopik 401(k) Savings & Profit SharingFranklin & Prokopik 401(k) S…$21MParametric Solutions Inc. 401(k) Profit Sharing Plan and TrustParametric Solutions Inc. 40…$21MBrechbuhler Scales, Inc. 401(k) Retirement Savings PlanBrechbuhler Scales, Inc. 401…$21MMobilitie Operations, LLC 401(k) PlanMobilitie Operations, LLC 40…$21M
End-of-year total assets ($M) among First National Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$21M
Net Income-$2M
Employer EIN541232965
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Corporation)

Sponsor-wide plan assets over time

All First National Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$36M 72.3657212290434% vs 2022
2024 filing year
$15M$20M$25M$30M$35M$40M 202220232024 $21M $36.3M ▲ +72.3%
Year Plans Participants Total Assets
2022 1 204 $21M
2023 1 213 $27M
2024 1 223 $36M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First National Corporation 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants First National Corporation 401(k) Plan, Total assets ($B): 0.021038899 · Participants: 204First National Corporation 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
First National Corporation 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare First National Corporation 401(k) Plan side-by-side with 3 peers →

First National Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Franklin & Prokopik 401(k) Savings & Profit Sharing in MD ($21M); by covered participants it is Derry Medical Center 401(k) Plan in NH (204 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (204 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First National Corporation 401(k) Plan assets move in 2022? ▼
First National Corporation 401(k) Plan pulled back noticeably - down 9.4% during 2022, from $23M to $21M. Reported net income was -$2M.
How have First National Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Corporation's sponsor-wide assets grew 72.4%, from $21M to $36M.
Where does First National Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
First National Corporation 401(k) Plan ranks in the 78th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to First National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Franklin & Prokopik 401(k) Savings & Profit Sharing in MD ($21M, 171 participants).
Which 401(k) plans cover a similar participant headcount to First National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Derry Medical Center 401(k) Plan in NH (204 participants, $32M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541232965.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.