401(k) · DOL Form 5500 · 2022

New Peoples Bank, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
200
Participants Below avg headcount
69th
Percentile by assets National rank
$62,188
Avg per participant Low balance/head
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Official DOL plan name: New Peoples Bank, Inc. 401(k) Plan · Sponsored by New Peoples Bank, Inc. · Virginia · Finance & Insurance

$12M in assets, 200 participants

New Peoples Bank, Inc.'s New Peoples Bank, Inc. 401(k) Plan reported $12M in total assets and 200 participants in its 2022 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,913 in Finance & Insurance (9,261 peers)

Coverage in Virginia

New Peoples Bank, Inc. 401(k) Plan covers 200 participants in Virginia, about 26% of the average Virginia filer (state average ~782 per filing). Assets: $12M.

#4,913
in Finance & Insurance (9,261 peers)
-16.3%
assets change YoY

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.

New Peoples Bank, Inc. 401(k) Plan's outsized position by total assets

New Peoples Bank, Inc. 401(k) Plan vs every filed plan by assets

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

$12,437,501 Top 31% higher than 69% 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

New Peoples Bank, Inc. 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. New Peoples Bank, Inc. 401(k) Plan sits mid-pack in the medium band (200 participants).

Form 5500 schedule snapshot

Filing strip 541880861 · New Peoples Bank, Inc. PY 2022 · 401(k)

New Peoples Bank, Inc. 401(k) Plan · $12M · 200 · 69th

  • EOY $12M
  • 5500 200
  • ASSETS 69th
  • PCT 401(k)
  • EIN near Redguard, LLC 401(k) Plan
  • RANK ind #4913

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 →

New Peoples Bank, Inc. 401(k) Plan in the asset neighbourhood

New Peoples Bank, Inc. 401(k) PlanNew Peoples Bank, Inc. 401(k…$12MRedguard, LLC 401(k) Plan$12MAmerican Para Professional Systems, Inc. 401(k) PlanAmerican Para Professional S…$12MPrison Rehabilitative Industries and Diversified Enterprises 401(k) Retirement PlanPrison Rehabilitative Indust…$12MBeechmont Investments, Inc. Et Al 401(k)Beechmont Investments, Inc. …$12M
End-of-year total assets ($M) among New Peoples Bank, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$12M
Net Income-$2M
Employer EIN541880861
Plan Effective Date1998-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (New Peoples Bank, Inc.)

Sponsor-wide plan assets over time

All New Peoples Bank, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$16M 29.352632815868716% vs 2022
2024 filing year
$12M$14M$16M$18M 202220232024 $12.4M $16.1M ▲ +29.3%
Year Plans Participants Total Assets
2022 1 200 $12M
2023 1 199 $15M
2024 1 186 $16M

Nearby 401(k) Plans in Virginia

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

New Peoples Bank, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants New Peoples Bank, Inc. 401(k) Plan, Total assets ($B): 0.012437501 · Participants: 200New Peoples Bank, Inc. 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
New Peoples Bank, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare New Peoples Bank, Inc. 401(k) Plan side-by-side with 3 peers →

New Peoples Bank, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Redguard, LLC 401(k) Plan in KS ($12M); by covered participants it is D & D Gear, Inc. 401(k) Profit Sharing Plan in CA (200 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (200 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 New Peoples Bank, Inc. 401(k) Plan assets move in 2022? ▼
New Peoples Bank, Inc. 401(k) Plan declined sharply - down 16.3% during 2022, from $15M to $12M. Reported net income was -$2M.
How have New Peoples Bank, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), New Peoples Bank, Inc.'s sponsor-wide assets grew 29.4%, from $12M to $16M.
Which 401(k) plans are similar in size to New Peoples Bank, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Redguard, LLC 401(k) Plan in KS ($12M, 316 participants).
Which 401(k) plans cover a similar participant headcount to New Peoples Bank, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is D & D Gear, Inc. 401(k) Profit Sharing Plan in CA (200 participants, $22M 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 541880861.

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.