First Community Bankshares, Inc. 401(k) Plan: Login, Facts & Contact Information

First Community Bankshares, Inc. 401(k) Plan Facts

Plan name
FIRST COMMUNITY BANKSHARES, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FIRST COMMUNITY BANKSHARES, INC.
Participants
753 (596 active employees)
Former employees with a balance
186
Plan assets
$80,696,753 at Dec 31, 2024
Average account balance
$117,463 across 687 accounts
Employer contributions
$1,749,753 in plan year 2024 (40% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1989
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.39 million went into the plan in contributions, $1.75 million of it from the employer (40%).
  • $6.73 million was paid out to participants.
  • Investment and other income added $8.75 million.
  • Administrative expenses were $191,252, about $278 per account.

How the First Community Bankshares, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019871$60.6 million$1.15 million$5.49 million
2020957$69.0 million$1.39 million$2.14 million
2021923$78.6 million$1.66 million$6.64 million
2022863$68.1 million$2.39 million$4.49 million
2023979$74.5 million$1.57 million$8.50 million
2024753$80.7 million$1.75 million$6.73 million

First Community Bankshares, Inc. 401(k) Contact Information

Phone
304-323-6300
Mailing address
PO BOX 989, BLUEFIELD VA 246050989
Plan sponsor
FIRST COMMUNITY BANKSHARES, INC.
Employer identification number (EIN)
55-0694814
Plan number
001

Questions about the First Community Bankshares, Inc. 401(k)

Does First Community Bankshares, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.75 million, 40% of all contributions.

Does the First Community Bankshares, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the First Community Bankshares, Inc 401(k) plan?

753 participants at the start of plan year 2024, 596 of them active employees, and 186 former employees who still had money in the plan.

What is the average 401(k) balance at First Community Bankshares, Inc?

About $117,463 per account: $80.7 million in plan assets across 687 accounts with a balance at the end of plan year 2024.

Who manages the First Community Bankshares, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at First Community Bankshares, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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