Bay Banks Of Virginia, Inc. 401(k) Plan (terminated 2021): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2021. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
Bay Banks Of Virginia, Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2021 filing.
Bay Banks Of Virginia, Inc. 401(k) Plan Facts (plan year 2021)
Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Aug 29, 2022. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2021
- $386,307 went into the plan in contributions, $94,958 of it from the employer (25%).
- $12.0 million was paid out to participants.
- Investment and other income added $550,291.
How the Bay Banks Of Virginia, Inc. 401(k) changed, 2016–2021
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2016 | 139 | $5.18 million | $193,229 | $829,721 |
| 2017 | 133 | $6.40 million | $247,286 | $1.01 million |
| 2018 | 183 | $7.29 million | $402,318 | $3.12 million |
| 2019 | 221 | $9.56 million | $429,600 | $750,380 |
| 2020 | 269 | $11.1 million | $444,401 | $1.04 million |
| 2021 (final) | 170 | $0 | $94,958 | $12.0 million |
Bay Banks Of Virginia, Inc. 401(k) Contact Information
Questions about the Bay Banks Of Virginia, Inc. 401(k)
Is the Bay Banks Of Virginia, Inc 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2021.
Does Bay Banks Of Virginia, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $94,958, 25% of all contributions.
Does the Bay Banks Of Virginia, Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Bay Banks Of Virginia, Inc 401(k) plan?
170 participants at the start of plan year 2021.
Who manages the Bay Banks Of Virginia, Inc 401(k) accounts?
ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.