ESOP · DOL Form 5500 · 2022

Bay Banks of Virginia, Inc. ESOP

Data updated 2026-08-25

$4M
Total assets Small plan by assets
97
Participants Small participant base
46th
Percentile by assets National rank
$41,600
Avg per participant Low balance/head
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Official DOL plan name: Bay Banks of Virginia, Inc. Employee Stock Ownership Plan · Sponsored by Bay Banks of Virginia, Inc. · Virginia · Management of Enterprises

$4M in assets, 97 participants

Bay Banks of Virginia, Inc.'s Bay Banks of Virginia, Inc. Employee Stock Ownership Plan reported $4M in total assets and 97 participants in its 2022 DOL Form 5500 filing, ranking in the 46th 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.

  • #335 in Management of Enterprises (1,193 peers)

2022 asset change

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan declined sharply 25.5% in 2022 ($5M → $4M) for 97 participants.

#335
in Management of Enterprises (1,193 peers)
-25.5%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Management of Enterprises and all filers

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$4,035,178 46th percentile higher than 46% of 139,123 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 2022

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bay Banks of Virginia, Inc. Employee Stock Ownership Plan is a small filing (97 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 541838100 · Bay Banks of Virginia, Inc. PY 2022 · ESOP

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan · $4M · 97 · 46th

  • PHOTO $4M
  • PHOTO 97
  • PHOTO 46th
  • PHOTO ESOP
  • PHOTO near Spalding and Day Tool and Die Company Employee Stock Ownership Plan
  • PHOTO ind #335

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 What is an ESOP? → · Plans in Virginia →

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Bay Banks of Virginia, Inc. Employee Stock Ownership PlanBay Banks of Virginia, Inc. …$4MTransamerican Office Furniture, Inc. Employee Stock Ownership PlanTransamerican Office Furnitu…$4MSpalding and Day Tool and Die Company Employee Stock Ownership PlanSpalding and Day Tool and Di…$4MJim White Lumber Sales Inc Employee Stock Ownership Plan and TrustJim White Lumber Sales Inc E…$4MNortheast Indiana Bancorp Inc. ESOP PlanNortheast Indiana Bancorp In…$4M
End-of-year total assets ($M) among Bay Banks of Virginia, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Bay Banks of Virginia, Inc. years around the 2022 move

Sponsor-wide plan assets over time

All Bay Banks of Virginia, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$28M 9.955311591263838% vs 2022
2024 filing year
$24M$26M$28M$30M 202220232024 $25.9M $28.4M ▲ +10.0%
Year Plans Participants Total Assets
2022 3 1,343 $26M
2023 3 1,142 $25M
2024 2 1,065 $28M

2022 asset-move particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$4M
Net Income-$1M
Employer EIN541838100
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Virginia

Peer ESOP plans, same state, same plan type, ranked by total assets.

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -20002004006008001000 Total assets ($M) Participants Bay Banks of Virginia, Inc. Employee Stock Ownership Plan, Total assets ($M): 4.035178 · Participants: 97Bay Banks of Virginia, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($M): 862.945849 · Participants: 6910Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 301.066368 · Participants: 1695The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($M): 291.782297 · Participants: 1828American Systems Corporation Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($M): 287.62409 · Participants: 424New River Electrical Corporation Employee Stock Ownership PlanDavis H. Elliot Company, Incorporated Employee Stock Ownership Plan, Total assets ($M): 237.22873 · Participants: 1882Davis H. Elliot Company, Incorporated Employee Stock Ownership Plan
Bay Banks of Virginia, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Bay Banks of Virginia, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Bay Banks of Virginia, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Spalding and Day Tool and Die Company Employee Stock Ownership Plan in KY ($4M); by covered participants it is Jones-Hamilton Co. Employee Stock Ownership Plan in OH (97 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (97 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bay Banks of Virginia, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
Bay Banks of Virginia, Inc. Employee Stock Ownership Plan declined sharply - down 25.5% during 2022, from $5M to $4M. Reported net income was -$1M.
How have Bay Banks of Virginia, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bay Banks of Virginia, Inc.'s sponsor-wide assets grew 10.0%, from $26M to $28M.
Which ESOP plans are similar in size to Bay Banks of Virginia, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Spalding and Day Tool and Die Company Employee Stock Ownership Plan in KY ($4M, 55 participants).
Which ESOP plans cover a similar participant headcount to Bay Banks of Virginia, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Jones-Hamilton Co. Employee Stock Ownership Plan in OH (97 participants, $123M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541838100.

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.