401(k) · DOL Form 5500 · 2024

Mainstreet Bank 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
188
Participants Below avg headcount
72nd
Percentile by assets National rank
$119,560
Avg per participant Near avg balance/head
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Official DOL plan name: Mainstreet Bank 401(k) Plan · Sponsored by Mainstreet Bank · Virginia · Finance & Insurance

$22M in assets, 188 participants

Mainstreet Bank's Mainstreet Bank 401(k) Plan reported $22M in total assets and 188 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.

  • #4,964 in Finance & Insurance (8,549 peers)

Coverage in Virginia

Mainstreet Bank 401(k) Plan covers 188 participants in Virginia, about 24% of the average Virginia filer (state average ~782 per filing). Assets: $22M.

#4,964
in Finance & Insurance (8,549 peers)
+12.6%
assets growth YoY

Mainstreet Bank 401(k) Plan's outsized position by total assets

Mainstreet Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$22,477,265 Top 28% higher than 72% of 123,620 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 2024

Mainstreet Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mainstreet Bank 401(k) Plan sits mid-pack in the medium band (188 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mainstreet Bank 401(k) Plan reported net income fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Mainstreet Bank 401(k) Plan reported participants rose from 164 in the plan year 2023 filing to 188 in the plan year 2024 filing.
  • Mainstreet Bank 401(k) Plan end-of-year assets rose from $20M in the plan year 2023 filing to $22M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 470914596 · Mainstreet Bank PY 2024 · 401(k)

Mainstreet Bank 401(k) Plan · $22M · 188 · 72nd

  • PCT $22M
  • EIN 188
  • RANK 72nd
  • PHOTO 401(k)
  • IND near Propeller 401(k) Profit Sharing Plan Trust
  • EOY ind #4964

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 →

Mainstreet Bank 401(k) Plan in the asset neighbourhood

Mainstreet Bank 401(k) Plan$22MPropeller 401(k) Profit Sharing Plan TrustPropeller 401(k) Profit Shar…$22MC M & B 401(k) Retirement & Profit Sharing PlanC M & B 401(k) Retirement & …$22MMay Mobility, Inc. 401(k) PlanMay Mobility, Inc. 401(k) Pl…$22MZaxby's Franchising, LLC 401(k) PlanZaxby's Franchising, LLC 401…$22M
End-of-year total assets ($M) among Mainstreet Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$22M
Net Income$3M
Employer EIN470914596
Plan Effective Date2004-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mainstreet Bank)

Sponsor-wide plan assets over time

All Mainstreet Bank plans reported in each filing year

Latest sponsor-wide plan assets
$22M 35.17839615252793% vs 2022
2024 filing year
$16M$18M$20M$22M$24M 202220232024 $16.6M $22.5M ▲ +35.2%
Year Plans Participants Total Assets
2022 1 138 $17M
2023 1 164 $20M
2024 1 188 $22M

Nearby 401(k) Plans in Virginia

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

Mainstreet Bank 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Mainstreet Bank 401(k) Plan, Total assets ($B): 0.022477265 · Participants: 188Mainstreet Bank 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement Plan
Mainstreet Bank 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Mainstreet Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Propeller 401(k) Profit Sharing Plan Trust in OR ($22M); by covered participants it is Trinity Rehab, LLC 401(k) Plan in NC (188 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Similar participant headcount

Nearest other-state filings by covered participants (188 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mainstreet Bank 401(k) Plan assets move in 2024?
Mainstreet Bank 401(k) Plan grew at a solid clip - up 12.6% during 2024, from $20M to $22M. Reported net income was $3M.
How have Mainstreet Bank plan assets changed over time?
Across 3 plan years on file (2022-2024), Mainstreet Bank's sponsor-wide assets grew 35.2%, from $17M to $22M.
Which 401(k) plans are similar in size to Mainstreet Bank 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Propeller 401(k) Profit Sharing Plan Trust in OR ($22M, 190 participants).
Which 401(k) plans cover a similar participant headcount to Mainstreet Bank 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Trinity Rehab, LLC 401(k) Plan in NC (188 participants, $7M in assets).