ESOP · DOL Form 5500 · 2024

Blue Ridge Bankshares, Inc. ESOP

Data updated 2026-08-25

$1M
Total assets Small plan by assets
529
Participants Below avg headcount
24th
Percentile by assets National rank
$2,006
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 2024 DOL Form 5500 filing, ranking in the 24th 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.

  • #185 in Management of Enterprises (1,133 peers)

2024 asset change

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan pulled back noticeably 14.9% in 2024 ($1M → $1M) for 529 participants.

#185
in Management of Enterprises (1,133 peers)
-14.9%
assets change YoY

The plan reported a net loss of $184K 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 2024 · DOL Form 5500

$1,061,432 24th percentile higher than 24% 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

Blue Ridge Bankshares, Inc. Employee Stock Ownership 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. 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 2023 → plan year 2024

  • Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan reported net income rose from -$778K in the plan year 2023 filing to -$184K in the plan year 2024 filing.
  • Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan end-of-year assets fell from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 541838100 · Blue Ridge Bankshares, Inc. PY 2024 · ESOP

Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan · $1M · 529 · 24th

  • EBSA $1M
  • PART 529
  • TYPE 24th
  • NET ESOP
  • BOOK near Trb Oilfield Services, Inc. Employee Stock Ownership Plan
  • VS-ST ind #185

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

Blue Ridge Bankshares, Inc. Employee Stock Ownership PlanBlue Ridge Bankshares, Inc. …$1MTrb Oilfield Services, Inc. Employee Stock Ownership PlanTrb Oilfield Services, Inc. …$1MEdge Consulting Engineers, Inc. Employee Stock Ownership PlanEdge Consulting Engineers, I…$1MEngineered Equipment Inc. Employee Stock Ownership PlanEngineered Equipment Inc. Em…$1MTarget Copy of Gainesville, Inc. Employee Stock Ownership PlanTarget Copy of Gainesville, …$1M
End-of-year total assets ($M) among Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Blue Ridge Bankshares, Inc. years around the 2024 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

2024 asset-move particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$1M
Net Income-$184K
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. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.001061432 · Participants: 529Blue Ridge Bankshares, Inc. Employee Stock Ownership PlanNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.333135639 · Participants: 6515Nvr, Inc. Employee Stock Ownership PlanDelta Star Employee Stock Ownership Plan, Total assets ($B): 0.446814442 · Participants: 222Delta Star Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.407104271 · Participants: 1962Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.385752212 · Participants: 1811The Resorts Companies, Inc. Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.380000537 · Participants: 458New 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 Trb Oilfield Services, Inc. Employee Stock Ownership Plan in CA ($1M); by covered participants it is Stearns Financial Services, Inc. Employee Stock Ownership Plan and Trust in MN (529 participants). Same-state nearby plans are listed separately above.

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 Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan pulled back noticeably - down 14.9% during 2024, from $1M to $1M. Reported net income was -$184K.
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. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Blue Ridge Bankshares, Inc. Employee Stock Ownership Plan ranks in the 24th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
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 Trb Oilfield Services, Inc. Employee Stock Ownership Plan in CA ($1M, 58 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 Stearns Financial Services, Inc. Employee Stock Ownership Plan and Trust in MN (529 participants, $143M 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 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.