401(k) · DOL Form 5500 · 2023

First Community Bankshares, Inc. 401(k) Plan

Data updated 2026-08-25

$74M
Total assets Below avg plan size: 700
Participants Below avg headcount: 89th
Percentile by assets National rank: $106,393
Avg per participant Below avg balance/head

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Official DOL plan name: First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan · Sponsored by First Community Bankshares, Inc. · Virginia · Finance & Insurance

$74M in assets, 700 participants

First Community Bankshares, Inc.'s First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan reported $74M in total assets and 700 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

#7,374 in Finance & Insurance (8,869 peers)

Where First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan sits by assets

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan sits in the top quartile of all filed plans by assets, $74M for 700 participants (~$106,393/participant), up 9.3% in 2023.

#7,374
in Finance & Insurance (8,869 peers): +9.3%
assets growth YoY: 0.7×
vs typical plan assets (national mean)

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan's outsized position by total assets

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan vs every filed plan by assets

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

$74,475,180 Top 11% higher than 89% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First Community Bankshares, Inc. Employee Stock Ownership and Savings 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. First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan sits mid-pack in the medium band (700 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan reported net income rose from -$11M in the plan year 2022 filing to $6M in the plan year 2023 filing.
First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan reported participants rose from 607 in the plan year 2022 filing to 700 in the plan year 2023 filing.
First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan end-of-year assets rose from $68M in the plan year 2022 filing to $74M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 550694814 · First Community Bankshares, Inc. PY 2023 · 401(k)

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan · $74M · 700 · 89th

PCT $74M
PCT 700
PCT 89th
PCT 401(k)
PCT near Tom Mcleod Software Corp. 401(k) Profit Sharing Plan
PCT ind #7374

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 →

End-of-year total assets ($M) among First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$68M
Net Assets (End of Year)	$74M
Net Income	$6M
Employer EIN	550694814
Plan Effective Date	1989-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (First Community Bankshares, Inc.)

Latest sponsor-wide plan assets: $81M 18.484761483074262% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	607	$68M
2023	1	700	$74M
2024	1	580	$81M

Nearby 401(k) Plans in Virginia

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

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Northrop Grumman Savings Plan $36.2B · 97,987
401(k) Pension Plan $15.0B · 62,467
General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
Leidos, Inc. Retirement Plan $10.6B · 27,043
Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681

Compare First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan side-by-side with 3 peers →

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Tom Mcleod Software Corp. 401(k) Profit Sharing Plan in AL ($74M); by covered participants it is Odyssey Systems Consulting Group Ltd 401(k) Plan in MA (700 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($74M here).

Tom Mcleod Software Corp. 401(k) Profit Sharing Plan (AL) $74M · 654
Lou Fusz Automotive Network Retirement Savings Plan (MO) $74M · 904
Bankers Healthcare Group, LLC Employees' 401(k) Retirement Plan (NY) $74M · 1,543
Ati Flight Crew Member 401(k) Plan (OH) $74M · 545

Similar participant headcount

Nearest other-state filings by covered participants (700 participants); asset peers above are excluded.

Odyssey Systems Consulting Group Ltd 401(k) Plan (MA) 700 · 0 off
Mississippi Management, Inc. 401(k) Retirement and Savings Plan (MS) 700 · 0 off
Heritage Medical Associates, P.C. 401(k) Profit Sharing Plan (TN) 700 · 0 off
Mueller Inc 401(k) Plan (TX) 700 · 0 off

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 First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan assets move in 2023? ▼

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan grew at a solid clip - up 9.3% during 2023, from $68M to $74M. Reported net income was $6M.

How have First Community Bankshares, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), First Community Bankshares, Inc.'s sponsor-wide assets grew 18.5%, from $68M to $81M.

Where does First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan rank by assets among Form 5500 filers? ▼

First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which 401(k) plans are similar in size to First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Tom Mcleod Software Corp. 401(k) Profit Sharing Plan in AL ($74M, 654 participants).

Which 401(k) plans cover a similar participant headcount to First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Odyssey Systems Consulting Group Ltd 401(k) Plan in MA (700 participants, $99M 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 550694814.