Department of Labor filing

BLUE RIDGE BANKSHARES, INC.

BLUE RIDGE BANKSHARES, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Feb 9, 2026Verified current terms Not available

Plan at a glance

How good does the filing look?

68filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$4,211

Reported employer contributions per active participant.

Higher than about 79% of comparable plans

#People in the filing

444

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$171 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 41% of comparable plans

↗Investment performance

Not available

Plan assets changed 15.3%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202468out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions79th percentileTypical peer $2,225 · based on 264 comparable plans

Lower reported administrative expense41st percentileTypical peer $140 · based on 273 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, BLUE RIDGE BANKSHARES, INC. reported $1,869,684 in employer contributions across the plan and 444 active participants. That works out to $4,211 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy76%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 16.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 45.8%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context68/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,869,684
Participant contributions: $2,924,434
Other contributions: $396,728
Employer share of reported contributions: 39.0%
Beginning assets: $23,747,750
Ending assets: $27,376,893
Ending net assets: $26,927,828
Ending liabilities: $449,065
Total income: $8,463,865
Total expenses: $5,154,103
Administrative expenses: $112,843
Participant loans: $567,325

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,626

2023

$3,703

2024

$4,211

Plan-paid administrative expenses per participant

2022

$117

2023

$130

2024

$171

Active participants

2022

523

2023

528

2024

444

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$4,211	444	27.4M	20260209140543NAL0001204977001
2023	$3,703	528	23.7M	20251024160040NAL0002842739001
2022	$3,626	523	19.8M	20241217142005NAL0002627137001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 2.1%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 541838100-004

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2007
Industry: Management of companies
Amended filing: Yes
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Current plan terms

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Filing ACK_ID20260209140543NAL0001204977001

Data sourceDOL Form 5500 bulk data ↗

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