401(k) · DOL Form 5500 · 2023

Blue Ridge Bankshares, Inc. 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
530
Participants Below avg headcount
76th
Percentile by assets National rank
$44,807
Avg per participant Low balance/head
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Official DOL plan name: Blue Ridge Bankshares, Inc. 401(k) Plan · Sponsored by Blue Ridge Bankshares, Inc. · Virginia · Management of Enterprises

$24M in assets, 530 participants

Blue Ridge Bankshares, Inc.'s Blue Ridge Bankshares, Inc. 401(k) Plan reported $24M in total assets and 530 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.

  • #626 in Management of Enterprises (1,137 peers)

Management of Enterprises sector rank

Within Management of Enterprises, Blue Ridge Bankshares, Inc. 401(k) Plan ranks #626 of 1,137 2023 filers by assets (1497% of the sector average)-$24M for 530 participants.

#626
in Management of Enterprises (1,137 peers)
+19.9%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Blue Ridge Bankshares, Inc. 401(k) Plan's outsized position by total assets

Blue Ridge Bankshares, Inc. 401(k) Plan vs every filed plan by assets

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

$23,747,750 Top 24% higher than 76% 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

Blue Ridge Bankshares, Inc. 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. Blue Ridge Bankshares, Inc. 401(k) Plan sits mid-pack in the medium band (530 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Blue Ridge Bankshares, Inc. 401(k) Plan reported net income rose from -$582K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Blue Ridge Bankshares, Inc. 401(k) Plan end-of-year assets rose from $20M in the plan year 2022 filing to $24M in the plan year 2023 filing.
  • Blue Ridge Bankshares, Inc. 401(k) Plan reported participants fell from 557 in the plan year 2022 filing to 530 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 541838100 · Blue Ridge Bankshares, Inc. PY 2023 · 401(k)

Blue Ridge Bankshares, Inc. 401(k) Plan · $24M · 530 · 76th

  • 5500 $24M
  • ASSETS 530
  • PCT 76th
  • EIN 401(k)
  • RANK near Albright Stonebridge Group, LLC Profit Sharing Plan
  • PHOTO ind #626

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 Management of Enterprises retirement plans → · Plans in Virginia →

Blue Ridge Bankshares, Inc. 401(k) Plan in the asset neighbourhood

Blue Ridge Bankshares, Inc. 401(k) PlanBlue Ridge Bankshares, Inc. …$24MAlbright Stonebridge Group, LLC Profit Sharing PlanAlbright Stonebridge Group, …$24MFivepoint Credit Union Thrift and Savings PlanFivepoint Credit Union Thrif…$24MNextech Systems, LLC 401(k) PlanNextech Systems, LLC 401(k) …$24MReich & Tang 401(k) Savings PlanReich & Tang 401(k) Savings …$24M
End-of-year total assets ($M) among Blue Ridge Bankshares, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Management of Enterprises filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$24M
Net Income$4M
Employer EIN541838100
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Blue Ridge Bankshares, Inc.)

Sponsor-wide plan assets over time

All Blue Ridge Bankshares, 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

Nearby 401(k) Plans in Virginia

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

Blue Ridge Bankshares, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Blue Ridge Bankshares, Inc. 401(k) Plan, Total assets ($B): 0.02374775 · Participants: 530Blue Ridge Bankshares, Inc. 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
Blue Ridge Bankshares, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Blue Ridge Bankshares, Inc. 401(k) Plan side-by-side with 3 peers →

Blue Ridge Bankshares, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Albright Stonebridge Group, LLC Profit Sharing Plan in DC ($24M); by covered participants it is Gaming Laboratories International, LLC Profit Sharing Plan in NJ (530 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (530 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 Blue Ridge Bankshares, Inc. 401(k) Plan assets move in 2023? ▼
Blue Ridge Bankshares, Inc. 401(k) Plan grew sharply - up 19.9% during 2023, from $20M to $24M. Reported net income was $4M.
How have Blue Ridge Bankshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Blue Ridge Bankshares, Inc.'s sponsor-wide assets grew 10.0%, from $26M to $28M.
Where does Blue Ridge Bankshares, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Blue Ridge Bankshares, Inc. 401(k) Plan ranks in the 76th 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 Blue Ridge Bankshares, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Albright Stonebridge Group, LLC Profit Sharing Plan in DC ($24M, 144 participants).
Which 401(k) plans cover a similar participant headcount to Blue Ridge Bankshares, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Gaming Laboratories International, LLC Profit Sharing Plan in NJ (530 participants, $73M 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 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.