ESOP · DOL Form 5500 · 2023

Blue Ridge Bankshares, Inc. ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
529
Participants Below avg headcount
26th
Percentile by assets National rank
$2,358
Avg per participant Low balance/head
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Official DOL plan name: Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan · Sponsored by Blue Ridge Bankshares, Inc. · Virginia · Management of Enterprises

$1M in assets, 529 participants

Blue Ridge Bankshares, Inc.'s Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan reported $1M in total assets and 529 participants in its 2023 DOL Form 5500 filing, ranking in the 26th 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.

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

2023 asset change

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan contracted severely 38.5% in 2023 ($2M → $1M) for 529 participants.

#161
in Management of Enterprises (1,137 peers)
-38.5%
assets change YoY

The plan reported a net loss of $778K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$1,247,228 26th percentile higher than 26% 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. Employee Stock Ownership 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. Employee Stock Ownership Plan sits mid-pack in the medium band (529 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan end-of-year assets fell from $2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan reported net income fell from -$626K in the plan year 2022 filing to -$778K in the plan year 2023 filing.
  • Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan reported participants fell from 689 in the plan year 2022 filing to 529 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 541838100 · Blue Ridge Bankshares, Inc. PY 2023 · ESOP

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan · $1M · 529 · 26th

  • IND $1M
  • IND 529
  • IND 26th
  • IND ESOP
  • IND near Alaska Hand Rehabilitation, Inc. Employee Stock Ownership Plan and Trust
  • IND ind #161

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 →

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan in the asset neighbourhood

M & B Carriers, Inc. Employee Stock Ownership PlanM & B Carriers, Inc. Employe…$1MUnion Lake Veterinary Hospital Inc Employee Stock Ownership PlanUnion Lake Veterinary Hospit…$1MBlue Ridge Bankshares, Inc. Employee Stock Ownership PlanBlue Ridge Bankshares, Inc. …$1MAlaska Hand Rehabilitation, Inc. Employee Stock Ownership Plan and TrustAlaska Hand Rehabilitation, …$1MPyramid Solutions, Inc. Employee Stock Ownership PlanPyramid Solutions, Inc. Empl…$1M
End-of-year total assets ($M) among Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Blue Ridge Bankshares, Inc. years around the 2023 move

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

2023 asset-move particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$1M
Net Income-$778K
Employer EIN541838100
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Virginia

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

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. 02000400060008000 -0.500.511.5 Total assets ($B) Participants Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.001247228 · Participants: 529Blue Ridge Bankshares, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation Employee Stock Ownership Plan
Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Alaska Hand Rehabilitation, Inc. Employee Stock Ownership Plan and Trust in AK ($1M); by covered participants it is Eurpac Service, Inc. Employee Stock Ownership Plan in CT (529 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (529 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. Employee Stock Ownership Plan assets move in 2023? ▼
Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan contracted severely - down 38.5% during 2023, from $2M to $1M. Reported net income was -$778K.
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.
Which ESOP plans are similar in size to Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Alaska Hand Rehabilitation, Inc. Employee Stock Ownership Plan and Trust in AK ($1M, 9 participants).
Which ESOP plans cover a similar participant headcount to Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Eurpac Service, Inc. Employee Stock Ownership Plan in CT (529 participants, $96M 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.