401(k) · DOL Form 5500 · 2023

Old Point Financial Corporation 401(k) Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
295
Participants Below avg headcount
86th
Percentile by assets National rank
$175,015
Avg per participant Above avg balance/head
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Official DOL plan name: Old Point Financial Corporation 401(k) Profit Sharing Plan · Sponsored by Old Point Financial Corporation · Virginia · Finance & Insurance

$52M in assets, 295 participants

Old Point Financial Corporation's Old Point Financial Corporation 401(k) Profit Sharing Plan reported $52M in total assets and 295 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,940 in Finance & Insurance (8,869 peers)

Coverage in Virginia

Old Point Financial Corporation 401(k) Profit Sharing Plan covers 295 participants in Virginia, about 38% of the average Virginia filer (state average ~782 per filing). Assets: $52M.

#6,940
in Finance & Insurance (8,869 peers)
+16.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Old Point Financial Corporation 401(k) Profit Sharing Plan's outsized position by total assets

Old Point Financial Corporation 401(k) Profit Sharing Plan vs every filed plan by assets

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

$51,629,387 Top 14% higher than 86% 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

Old Point Financial Corporation 401(k) Profit Sharing 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. Old Point Financial Corporation 401(k) Profit Sharing Plan sits mid-pack in the medium band (295 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Old Point Financial Corporation 401(k) Profit Sharing Plan reported net income rose from -$9M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Old Point Financial Corporation 401(k) Profit Sharing Plan reported participants fell from 432 in the plan year 2022 filing to 295 in the plan year 2023 filing.
  • Old Point Financial Corporation 401(k) Profit Sharing Plan end-of-year assets rose from $44M in the plan year 2022 filing to $52M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 541265373 · Old Point Financial Corporation PY 2023 · 401(k)

Old Point Financial Corporation 401(k) Profit Sharing Plan · $52M · 295 · 86th

  • NET $52M
  • BOOK 295
  • VS-ST 86th
  • BOY 401(k)
  • SCH near Continuing Life 401(k) Plan
  • EBSA ind #6940

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 →

Old Point Financial Corporation 401(k) Profit Sharing Plan in the asset neighbourhood

Sofidel America Corp. 401(k) PlanSofidel America Corp. 401(k)…$52MFarmers Alliance Companies 401(k) PlanFarmers Alliance Companies 4…$52MOld Point Financial Corporation 401(k) Profit Sharing PlanOld Point Financial Corporat…$52MContinuing Life 401(k) Plan$52MWikimedia Foundation, Inc. 401(k) PlanWikimedia Foundation, Inc. 4…$52M
End-of-year total assets ($M) among Old Point Financial Corporation 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$52M
Net Income$7M
Employer EIN541265373
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Old Point Financial Corporation)

Sponsor-wide plan assets over time

All Old Point Financial Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$56M 25.0182692968688% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $44.4M $55.5M ▲ +25.0%
Year Plans Participants Total Assets
2022 1 432 $44M
2023 1 295 $52M
2024 1 296 $56M

Nearby 401(k) Plans in Virginia

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

Old Point Financial Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Old Point Financial Corporation 401(k) Profit Sharing Plan, Total assets ($B): 0.051629387 · Participants: 295Old Point Financial Corporation 401(k) Profit Sharing 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
Old Point Financial Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Old Point Financial Corporation 401(k) Profit Sharing Plan side-by-side with 3 peers →

Old Point Financial Corporation 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Continuing Life 401(k) Plan in CA ($52M); by covered participants it is Temporary Housing, Inc. 401(k) Profit Sharing Plan in AZ (295 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($52M here).

Similar participant headcount

Nearest other-state filings by covered participants (295 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 Old Point Financial Corporation 401(k) Profit Sharing Plan assets move in 2023? ▼
Old Point Financial Corporation 401(k) Profit Sharing Plan grew sharply - up 16.3% during 2023, from $44M to $52M. Reported net income was $7M.
How have Old Point Financial Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Old Point Financial Corporation's sponsor-wide assets grew 25.0%, from $44M to $56M.
Where does Old Point Financial Corporation 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Old Point Financial Corporation 401(k) Profit Sharing Plan ranks in the 86th 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 Old Point Financial Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Continuing Life 401(k) Plan in CA ($52M, 1,565 participants).
Which 401(k) plans cover a similar participant headcount to Old Point Financial Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Temporary Housing, Inc. 401(k) Profit Sharing Plan in AZ (295 participants, $6M 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 541265373.

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.