Employers › Blue Ridge Bankshares
Recordkeeping fees per participant · Blue Ridge Bankshares, Inc. 401(k) Plan · plan year 2024
$63.29
Higher than 41% of the 14,075 plans $10 to 50M that report it.
= $36,457 / 576
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260209140543NAL0001204977001, received 2026-02-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260209140543NAL0001204977001, received 2026-02-09
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2026-02-09.
Administrative expenses excluding investment management, per participant
$195.91
Higher than 72% of the 24,371 plans $10 to 50M that report it.
= $112,843 / 576
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260209140543NAL0001204977001, received 2026-02-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260209140543NAL0001204977001, received 2026-02-09
Administrative expenses per participant
$195.91
Higher than 50% of the 25,098 plans $10 to 50M that report it.
= $112,843 / 576
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260209140543NAL0001204977001, received 2026-02-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260209140543NAL0001204977001, received 2026-02-09
Administrative expenses as a share of assets
0.412%
Higher than 71% of the 25,132 plans $10 to 50M that report it.
= $112,843 / $27,376,893
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260209140543NAL0001204977001, received 2026-02-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260209140543NAL0001204977001, received 2026-02-09
Employer contributions per participant
$3,246
Higher than 76% of the 24,050 plans $10 to 50M that report it.
= $1,869,684 / 576
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260209140543NAL0001204977001, received 2026-02-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260209140543NAL0001204977001, received 2026-02-09
Employer share of total contributions
36.0%
Higher than 77% of the 24,084 plans $10 to 50M that report it.
= $1,869,684 / $5,190,846
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260209140543NAL0001204977001, received 2026-02-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260209140543NAL0001204977001, received 2026-02-09
Employer match
“The Company contributed a matching contribution equal to 100% of an employee's contribution up to 5% of the elective contribution in both 2025 and 2024.”
Form 10-K filed 2026-03-12, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Vesting
“The Company's matching contribution vests immediately.”
Form 10-K filed 2026-03-12, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20260209140543NAL0001204977001, received 2026-02-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BLUE RIDGE BANKSHARES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Plan name | BLUE RIDGE BANKSHARES, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Sponsor EIN / plan number | 54-1838100 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Sponsor location | RICHMOND, VA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Industry (business code) | 551111, Management of companies and enterprises | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Filing received | 2026-02-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Amended filing | yes | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Participants, beginning of year | 659 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Active participants | 444 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Participants, end of year | 587 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Participants with an account balance | 576 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Total assets, beginning of year | $23,747,750 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Total assets, end of year | $27,376,893 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Net assets, end of year | $26,927,828 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Total income | $8,463,865 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Net income | $3,309,762 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Employer contributions | $1,869,684 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Participant contributions | $2,924,434 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Other contributions (incl. rollovers) | $396,728 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Total contributions | $5,190,846 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Benefit payments | $5,041,260 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Total expenses (incl. benefit payments) | $5,154,103 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Total administrative expenses | $112,843 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Recordkeeping fees | $36,457 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Administrative expenses excluding investment management | $112,843 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Held in mutual funds | $24,534,717 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20260209140543NAL0001204977001, received 2026-02-09 |
| Independent auditor | ELLIOTT DAVIS | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20260209140543NAL0001204977001, received 2026-02-09 |
Position = column in the DOL layout for form year 2024. Filing 20260209140543NAL0001204977001, received 2026-02-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| LPL FINANCIAL LLC | NONE | 18 Custodial (other than securities); 19 Custodial (securities); 50 Direct payment from the plan | $63,662 | yes |
| ALERUS FINANCIALrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 24 Trustee (discretionary); 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $49,181 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20260209140543NAL0001204977001, received 2026-02-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $23,747,750 | $27,376,893 | 15.3% |
| Participants with a balance | 635 | 576 | -9.3% |
| Administrative expenses | $82,909 | $112,843 | 36.1% |
| Recordkeeping fees per participant | $38.03 | $63.29 | 66.4% |
| Employer contributions | $1,955,193 | $1,869,684 | -4.4% |
Prior filing 20251024160040NAL0002842739001, received 2025-10-24; the plan years are contiguous.
Sponsor name as filed: BLUE RIDGE BANKSHARES, INC.; SEC registrant: BLUE RIDGE BANKSHARES, INC. (CIK 842717, matched by EIN; display name from the Form 10-K cover).