401(k) · DOL Form 5500 · 2023

First National Corporation 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
213
Participants Below avg headcount
77th
Percentile by assets National rank
$124,841
Avg per participant Near avg balance/head
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Official DOL plan name: First National Corporation 401(k) Plan · Sponsored by First National Corporation · Virginia · Finance & Insurance

$27M in assets, 213 participants

First National Corporation's First National Corporation 401(k) Plan reported $27M in total assets and 213 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,823 in Finance & Insurance (8,869 peers)

Coverage in Virginia

First National Corporation 401(k) Plan covers 213 participants in Virginia, about 27% of the average Virginia filer (state average ~782 per filing). Assets: $27M.

#5,823
in Finance & Insurance (8,869 peers)
+26.4%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First National Corporation 401(k) Plan's outsized position by total assets

First National Corporation 401(k) Plan vs every filed plan by assets

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

$26,591,069 Top 23% higher than 77% 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

First National Corporation 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. First National Corporation 401(k) Plan sits mid-pack in the medium band (213 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First National Corporation 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • First National Corporation 401(k) Plan end-of-year assets rose from $21M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • First National Corporation 401(k) Plan reported participants rose from 204 in the plan year 2022 filing to 213 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 541232965 · First National Corporation PY 2023 · 401(k)

First National Corporation 401(k) Plan · $27M · 213 · 77th

  • ASSETS $27M
  • PCT 213
  • EIN 77th
  • RANK 401(k)
  • PHOTO near Mitchell Companies 401(k) Plan
  • IND ind #5823

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 →

First National Corporation 401(k) Plan in the asset neighbourhood

Carrefour Associates LLC P/S 401(k) PlanCarrefour Associates LLC P/S…$27MFirst National Corporation 401(k) PlanFirst National Corporation 4…$27MMitchell Companies 401(k) PlanMitchell Companies 401(k) Pl…$27MLegacy Partners Retirement PlanLegacy Partners Retirement P…$27MAccupac, Inc. 401(k) Plan$27M
End-of-year total assets ($M) among First National Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$27M
Net Income$6M
Employer EIN541232965
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First National Corporation)

Sponsor-wide plan assets over time

All First National Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$36M 72.3657212290434% vs 2022
2024 filing year
$15M$20M$25M$30M$35M$40M 202220232024 $21M $36.3M ▲ +72.3%
Year Plans Participants Total Assets
2022 1 204 $21M
2023 1 213 $27M
2024 1 223 $36M

Nearby 401(k) Plans in Virginia

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

First National Corporation 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants First National Corporation 401(k) Plan, Total assets ($B): 0.026591069 · Participants: 213First National Corporation 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
First National Corporation 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare First National Corporation 401(k) Plan side-by-side with 3 peers →

First National Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Mitchell Companies 401(k) Plan in MS ($27M); by covered participants it is Bnccorp, Inc. 401(k) Savings Plan in ND (213 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($27M here).

Similar participant headcount

Nearest other-state filings by covered participants (213 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 First National Corporation 401(k) Plan assets move in 2023? ▼
First National Corporation 401(k) Plan grew sharply - up 26.4% during 2023, from $21M to $27M. Reported net income was $6M.
How have First National Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First National Corporation's sponsor-wide assets grew 72.4%, from $21M to $36M.
Where does First National Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
First National Corporation 401(k) Plan ranks in the 77th 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 National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mitchell Companies 401(k) Plan in MS ($27M, 364 participants).
Which 401(k) plans cover a similar participant headcount to First National Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bnccorp, Inc. 401(k) Savings Plan in ND (213 participants, $38M 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 541232965.

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.