401(k) · DOL Form 5500 · 2022

The Freedom Bank of Virginia 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
108
Participants Small participant base
58th
Percentile by assets National rank
$66,297
Avg per participant Below avg balance/head
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Official DOL plan name: Freedom Bank of Virginia 401(k) Plan · Sponsored by The Freedom Bank of Virginia · Virginia · Finance & Insurance

$7M in assets, 108 participants

The Freedom Bank of Virginia's Freedom Bank of Virginia 401(k) Plan reported $7M in total assets and 108 participants in its 2022 DOL Form 5500 filing, ranking in the 58th 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.

  • #3,846 in Finance & Insurance (9,261 peers)

Coverage in Virginia

Freedom Bank of Virginia 401(k) Plan covers 108 participants in Virginia, about 14% of the average Virginia filer (state average ~782 per filing). Assets: $7M.

#3,846
in Finance & Insurance (9,261 peers)
-10.6%
assets change YoY

The plan reported a net loss of $845K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Freedom Bank of Virginia 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Freedom Bank of Virginia 401(k) Plan vs every filed plan by assets

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

$7,160,042 Top 42% higher than 58% 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

Freedom Bank of Virginia 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. Freedom Bank of Virginia 401(k) Plan sits mid-pack in the medium band (108 participants).

EBSA filing schedule strip

Filing strip 541968622 · The Freedom Bank of Virginia PY 2022 · 401(k)

Freedom Bank of Virginia 401(k) Plan · $7M · 108 · 58th

  • 5500 $7M
  • 5500 108
  • 5500 58th
  • 5500 401(k)
  • 5500 near Attune Insurance Services, LLC Retirement Plan
  • 5500 ind #3846

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 →

Freedom Bank of Virginia 401(k) Plan in the asset neighbourhood

Freedom Bank of Virginia 401(k) PlanFreedom Bank of Virginia 401…$7MAttune Insurance Services, LLC Retirement PlanAttune Insurance Services, L…$7MEncore Services, LLC 401(k) Retirement Savings PlanEncore Services, LLC 401(k) …$7MCherry Tree Dental LLC 401(k) Profit Sharing Plan & TrustCherry Tree Dental LLC 401(k…$7MHaltec Corporation 401(k) Profit Sharing PlanHaltec Corporation 401(k) Pr…$7M
End-of-year total assets ($M) among Freedom Bank of Virginia 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$845K
Employer EIN541968622
Plan Effective Date2001-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Freedom Bank of Virginia)

Sponsor-wide plan assets over time

All The Freedom Bank of Virginia plans reported in each filing year

Latest sponsor-wide plan assets
$10M 44.010104968658005% vs 2022
2024 filing year
$6M$7M$8M$9M$10M$11M 202220232024 $7.16M $10.3M ▲ +44.0%
Year Plans Participants Total Assets
2022 1 108 $7M
2023 1 108 $9M
2024 1 93 $10M

Nearby 401(k) Plans in Virginia

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

Freedom Bank of Virginia 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Freedom Bank of Virginia 401(k) Plan, Total assets ($B): 0.007160042 · Participants: 108Freedom Bank of Virginia 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
Freedom Bank of Virginia 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Freedom Bank of Virginia 401(k) Plan side-by-side with 3 peers →

Freedom Bank of Virginia 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Attune Insurance Services, LLC Retirement Plan in NY ($7M); by covered participants it is Holman Professional Counseling 401(k) Plan in CA (108 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (108 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 Freedom Bank of Virginia 401(k) Plan assets move in 2022? ▼
Freedom Bank of Virginia 401(k) Plan pulled back noticeably - down 10.6% during 2022, from $8M to $7M. Reported net income was -$845K.
How have The Freedom Bank of Virginia plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Freedom Bank of Virginia's sponsor-wide assets grew 44.0%, from $7M to $10M.
Which 401(k) plans are similar in size to Freedom Bank of Virginia 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Attune Insurance Services, LLC Retirement Plan in NY ($7M, 146 participants).
Which 401(k) plans cover a similar participant headcount to Freedom Bank of Virginia 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Holman Professional Counseling 401(k) Plan in CA (108 participants, $1M 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 541968622.

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.