401(k) · DOL Form 5500 · 2024

First National Corporation 401(k) Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
223
Participants Below avg headcount
80th
Percentile by assets National rank
$162,618
Avg per participant Above 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

$36M in assets, 223 participants

First National Corporation's First National Corporation 401(k) Plan reported $36M in total assets and 223 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.

  • #5,892 in Finance & Insurance (8,549 peers)

Coverage in Virginia

First National Corporation 401(k) Plan covers 223 participants in Virginia, about 29% of the average Virginia filer (state average ~782 per filing). Assets: $36M.

#5,892
in Finance & Insurance (8,549 peers)
+36.4%
assets growth YoY
0.4×
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 2024 · DOL Form 5500

$36,263,850 Top 20% higher than 80% 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

First National Corporation 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. First National Corporation 401(k) Plan sits mid-pack in the medium band (223 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First National Corporation 401(k) Plan reported net income rose from $6M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • First National Corporation 401(k) Plan end-of-year assets rose from $27M in the plan year 2023 filing to $36M in the plan year 2024 filing.
  • First National Corporation 401(k) Plan reported participants rose from 213 in the plan year 2023 filing to 223 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 541232965 · First National Corporation PY 2024 · 401(k)

First National Corporation 401(k) Plan · $36M · 223 · 80th

  • BOOK $36M
  • BOOK 223
  • BOOK 80th
  • BOOK 401(k)
  • BOOK near Briess Industries, Inc. 401(k) Profit Sharing Plan
  • BOOK ind #5892

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

Integrated Medical Services, Inc. 401(k) Profit Sharing PlanIntegrated Medical Services,…$36MFirst National Corporation 401(k) PlanFirst National Corporation 4…$36MBriess Industries, Inc. 401(k) Profit Sharing PlanBriess Industries, Inc. 401(…$36MFaust Distributing Company 401(k) Savings PlanFaust Distributing Company 4…$36MDickinson County Healthcare System 401(k) PlanDickinson County Healthcare …$36M
End-of-year total assets ($M) among First National Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$36M
Net Income$10M
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 -1001020304050 Total assets ($B) Participants First National Corporation 401(k) Plan, Total assets ($B): 0.03626385 · Participants: 223First National Corporation 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
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 Briess Industries, Inc. 401(k) Profit Sharing Plan in WI ($36M); by covered participants it is Adaptimmune LLC Retirement Plan in PA (223 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (223 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 First National Corporation 401(k) Plan assets move in 2024? ▼
First National Corporation 401(k) Plan surged - up 36.4% during 2024, from $27M to $36M. Reported net income was $10M.
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 80th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Briess Industries, Inc. 401(k) Profit Sharing Plan in WI ($36M, 268 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 Adaptimmune LLC Retirement Plan in PA (223 participants, $28M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.