401(k) · DOL Form 5500 · 2023

Mainstreet Bank 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
164
Participants Small participant base
73rd
Percentile by assets National rank
$121,734
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mainstreet Bank 401(k) Plan · Sponsored by Mainstreet Bank · Virginia · Finance & Insurance

$20M in assets, 164 participants

Mainstreet Bank's Mainstreet Bank 401(k) Plan reported $20M in total assets and 164 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #5,244 in Finance & Insurance (8,869 peers)

Coverage in Virginia

Mainstreet Bank 401(k) Plan covers 164 participants in Virginia, about 21% of the average Virginia filer (state average ~782 per filing). Assets: $20M.

#5,244
in Finance & Insurance (8,869 peers)
+20.1%
assets growth YoY

Mainstreet Bank 401(k) Plan's outsized position by total assets

Mainstreet Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$19,964,334 Top 27% higher than 73% of 127,068 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 2023

Mainstreet Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mainstreet Bank 401(k) Plan sits mid-pack in the medium band (164 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mainstreet Bank 401(k) Plan reported net income rose from -$237K in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Mainstreet Bank 401(k) Plan end-of-year assets rose from $17M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Mainstreet Bank 401(k) Plan reported participants rose from 138 in the plan year 2022 filing to 164 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 470914596 · Mainstreet Bank PY 2023 · 401(k)

Mainstreet Bank 401(k) Plan · $20M · 164 · 73rd

  • IND $20M
  • EOY 164
  • 5500 73rd
  • ASSETS 401(k)
  • PCT near Hawthorne Residential Partners 401(k) Profit Sharing Plan & Trust
  • EIN ind #5244

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 →

Mainstreet Bank 401(k) Plan in the asset neighbourhood

Mainstreet Bank 401(k) Plan$20MHawthorne Residential Partners 401(k) Profit Sharing Plan & TrustHawthorne Residential Partne…$20MFurman Foods, Inc. 401(k) Profit Sharing PlanFurman Foods, Inc. 401(k) Pr…$20MCowtan & Tout, Inc. 401(k) Savings PlanCowtan & Tout, Inc. 401(k) S…$20MAmerican Musical Supply 401(k) Profit Sharing PlanAmerican Musical Supply 401(…$20M
End-of-year total assets ($M) among Mainstreet Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$20M
Net Income$3M
Employer EIN470914596
Plan Effective Date2004-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mainstreet Bank)

Sponsor-wide plan assets over time

All Mainstreet Bank plans reported in each filing year

Latest sponsor-wide plan assets
$22M 35.17839615252793% vs 2022
2024 filing year
$16M$18M$20M$22M$24M 202220232024 $16.6M $22.5M ▲ +35.2%
Year Plans Participants Total Assets
2022 1 138 $17M
2023 1 164 $20M
2024 1 188 $22M

Nearby 401(k) Plans in Virginia

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

Mainstreet Bank 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Mainstreet Bank 401(k) Plan, Total assets ($B): 0.019964334 · Participants: 164Mainstreet Bank 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Mainstreet Bank 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Mainstreet Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Virginia, the nearest 401(k) by assets is Hawthorne Residential Partners 401(k) Profit Sharing Plan & Trust in NC ($20M); by covered participants it is Daycon Products Company, Inc. 401(k) Plan in MD (164 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (164 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mainstreet Bank 401(k) Plan assets move in 2023? ▼
Mainstreet Bank 401(k) Plan grew sharply - up 20.1% during 2023, from $17M to $20M. Reported net income was $3M.
How have Mainstreet Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mainstreet Bank's sponsor-wide assets grew 35.2%, from $17M to $22M.
Which 401(k) plans are similar in size to Mainstreet Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hawthorne Residential Partners 401(k) Profit Sharing Plan & Trust in NC ($20M, 1,156 participants).
Which 401(k) plans cover a similar participant headcount to Mainstreet Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Daycon Products Company, Inc. 401(k) Plan in MD (164 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 470914596.

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.