401(k) · DOL Form 5500 · 2023

TOWNEBANK 401(k) Plan

Data updated 2026-08-11

$283M
Total assets
2,796
Participants
96th
Percentile by assets
$101,261
Avg per participant
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Official DOL plan name: Townebank Stock and Savings Plan · Sponsored by TOWNEBANK · Virginia · Finance & Insurance

$283M in assets, 2,796 participants

TOWNEBANK's Townebank Stock and Savings Plan reported $283M in total assets and 2,796 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • 96th percentile by assets (of 127,072 plans)
  • #8,275 in Finance & Insurance (8,869 peers)

Coverage in Virginia

Townebank Stock and Savings Plan covers 2,796 participants in Virginia, 3.6x the typical Virginia plan (state average ~782 per filing). Assets: $283M.

$283M
total plan assets (2023 EOY)
2,796
covered participants
96th
percentile by assets (of 127,072 plans)
$101,261
avg assets per participant

Where Townebank Stock and Savings Plan sits by total assets

Townebank Stock and Savings Plan vs every filed plan by assets

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

$283,125,579 Top 4% higher than 96% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Townebank Stock and Savings Plan reported net income rose from -$33M in the plan year 2022 filing to $41M in the plan year 2023 filing.
  • Townebank Stock and Savings Plan end-of-year assets rose from $245M in the plan year 2022 filing to $283M in the plan year 2023 filing.
  • Townebank Stock and Savings Plan reported participants rose from 2,678 in the plan year 2022 filing to 2,796 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Virginia
Industry
Finance & Insurance

Participants vs Virginia filers

In Virginia, the average filing covers about 782 participants across 3,655 plans. Townebank Stock and Savings Plan reports 2,796 participants - 3.6x that state average ($283M EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$245M
Net Assets (End of Year)$283M
Net Income$41M
Employer EIN541910608
Plan Effective Date1999-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (TOWNEBANK)

$200M$250M$300M$350M 202220232024 $245M $320M ▲ +30.9%
Total plan assets by year, all TOWNEBANK plans on file
Year Plans Participants Total Assets
2022 1 2,678 $245M
2023 1 2,796 $283M
2024 1 2,701 $320M

Nearby 401(k) Plans in Virginia

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

Townebank Stock and Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Townebank Stock and …, Total assets ($B): 0.283125579 · Participants: 2796Townebank Stock and …Northrop Grumman Sav…, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Sav…401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Cor…, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Cor…Leidos, Inc. Retirem…, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirem…Bae Systems Employee…, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employee…
Townebank Stock and Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Townebank Stock and Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Townebank Stock and Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Townebank Stock and Savings Plan assets move in 2023? ▼
Townebank Stock and Savings Plan grew sharply - up 15.7% during 2023, from $245M to $283M. Reported net income was $41M.
How have TOWNEBANK plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), TOWNEBANK's sponsor-wide assets grew 30.9%, from $245M to $320M.
Where does Townebank Stock and Savings Plan rank by assets among Form 5500 filers? ▼
Townebank Stock and Savings Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Townebank Stock and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Berkadia 401(k) Retirement Plan in PA ($283M, 1,507 participants).

Next read for Townebank Stock and Savings Plan

Filing takeaways

Ways to act on Townebank Stock and Savings Plan's numbers.

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 541910608.

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.