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VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS 401k Plan overview

Plan NameVBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS
Plan identification number 001

VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

BANK OF HAMPTON ROADS has sponsored the creation of one or more 401k plans.

Company Name:BANK OF HAMPTON ROADS
Employer identification number (EIN):541408074
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01ROXANNE SHEPPARD KATIE B. WEEKS2011-07-29
0012009-01-01BETTE ALBERT DAWN STEELMAN2010-10-08

Plan Statistics for VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS

401k plan membership statisitcs for VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS

Measure Date Value
2010: VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS 2010 401k membership
Total participants, beginning-of-year2010-01-01162
Total number of active participants reported on line 7a of the Form 55002010-01-01122
Number of retired or separated participants receiving benefits2010-01-016
Number of other retired or separated participants entitled to future benefits2010-01-0120
Total of all active and inactive participants2010-01-01148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01148
Number of participants with account balances2010-01-01148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-015
2009: VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS 2009 401k membership
Total participants, beginning-of-year2009-01-01157
Total number of active participants reported on line 7a of the Form 55002009-01-01139
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0122
Total of all active and inactive participants2009-01-01161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01161
Number of participants with account balances2009-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-016

Financial Data on VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS

Measure Date Value
2010 : VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$-135,195
Total unrealized appreciation/depreciation of assets2010-12-31$-135,195
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$963,573
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$310,665
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$302,909
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$564,042
Value of total assets at end of year2010-12-31$5,106,087
Value of total assets at beginning of year2010-12-31$4,453,179
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$7,756
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$80,582
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$80,582
Administrative expenses professional fees incurred2010-12-31$2,284
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$4,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$356,955
Participant contributions at end of year2010-12-31$12,738
Participant contributions at beginning of year2010-12-31$12,600
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$652,908
Value of net assets at end of year (total assets less liabilities)2010-12-31$5,106,087
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$4,453,179
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$5,472
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$4,204,969
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$3,184,507
Value of interest in common/collective trusts at end of year2010-12-31$482,538
Value of interest in common/collective trusts at beginning of year2010-12-31$628,850
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$12,528
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$6,972
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$6,972
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$407,150
Net investment gain or loss from common/collective trusts2010-12-31$46,994
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$186,227
Assets. Invements in employer securities at beginning of year2010-12-31$404,128
Contributions received in cash from employer2010-12-31$207,087
Employer contributions (assets) at end of year2010-12-31$207,087
Employer contributions (assets) at beginning of year2010-12-31$216,122
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$302,909
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31KPMG, LLP
Accountancy firm EIN2010-12-31135565207
2009 : VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS

2010: VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: VBA DEFINED CONTRIBUTION PLAN FOR BANK OF HAMPTON ROADS 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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