401(k) · DOL Form 5500 · 2023

New Peoples Bank, Inc. 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets: 199
Participants Below avg headcount: 67th
Percentile by assets National rank: $73,582
Avg per participant Below avg 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

$15M in assets, 199 participants

New Peoples Bank, Inc.'s New Peoples Bank, Inc. 401(k) Plan reported $15M in total assets and 199 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

#4,594 in Finance & Insurance (8,869 peers)

Coverage in Virginia

New Peoples Bank, Inc. 401(k) Plan covers 199 participants in Virginia, about 25% of the average Virginia filer (state average ~782 per filing). Assets: $15M.

#4,594
in Finance & Insurance (8,869 peers): +17.7%
assets growth YoY

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 2023 · DOL Form 5500

$14,642,849 Top 33% higher than 67% 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

New Peoples Bank, Inc. 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. New Peoples Bank, Inc. 401(k) Plan sits mid-pack in the medium band (199 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%)

New Peoples Bank, Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
New Peoples Bank, Inc. 401(k) Plan end-of-year assets rose from $12M in the plan year 2022 filing to $15M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 541880861 · New Peoples Bank, Inc. PY 2023 · 401(k)

New Peoples Bank, Inc. 401(k) Plan · $15M · 199 · 67th

SCH $15M
EBSA 199
PART 67th
TYPE 401(k)
NET near Fimco, Inc. 401(k) Savings Plan
BOOK ind #4594

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 New Peoples Bank, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)	$12M
Net Assets (End of Year)	$15M
Net Income	$2M
Employer EIN	541880861
Plan Effective Date	1998-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (New Peoples Bank, Inc.)

Latest sponsor-wide plan assets: $16M 29.352632815868716% vs 2022; 2024 filing year

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

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 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 Fimco, Inc. 401(k) Savings Plan in SD ($15M); by covered participants it is Una's Nonprofit Retirement Solution in UT (199 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Fimco, Inc. 401(k) Savings Plan (SD) $15M · 395
Swarovski Optik North America Retirement Savings Plan (RI) $15M · 106
Mps Egg Farms 401(k) Savings Plan and Trust (IN) $15M · 473
Morris Associates, Inc. Profit Sharing 401(k) Trust (MI) $15M · 20

Similar participant headcount

Nearest other-state filings by covered participants (199 participants); asset peers above are excluded.

Una's Nonprofit Retirement Solution (UT) 199 · 0 off
Capital Accumulation P/S Plan for Employees of Payden & Rygel (CA) 199 · 0 off
Russell Marine 401(k) Plan (TX) 199 · 0 off
Mathews Brothers Company 401(k) Plan (ME) 199 · 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 New Peoples Bank, Inc. 401(k) Plan assets move in 2023? ▼

New Peoples Bank, Inc. 401(k) Plan grew sharply - up 17.7% during 2023, from $12M to $15M. 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 Fimco, Inc. 401(k) Savings Plan in SD ($15M, 395 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 Una's Nonprofit Retirement Solution in UT (199 participants, $987K 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 541880861.