SBA Master Defined Benefit Pension Plan for First National Bank

Corporate pension· Altavista, Virginia

Corporate pension, based in Altavista, Virginia, reporting $17.0M in assets, for 185 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$17.0M
Funded ratio
130.9%
Fund commitments
1
Managers
1
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Commitments (1)Allocation policyManagers
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 1 Oct 2024, SBA Master Defined Benefit Pension Plan for First National Bank funded ratio 135.5% -> 130.9% (2023-10-01 to 2024-10-01).

Capital path

who backs this record, through what, into what; each name opens its own path
SBA Master Defined Benefit Pension Plan for First National Bank
Funds committed to
Managers
  • Mfs1 commitment
Size, funding, policy and commitments, with their basesCorporate pensionShow
Corporate pension
Assets
$17.0M
Total assets, Sep 30, 2025 reported
Funded
130.9%
Oct 1, 2024
Private markets target
no policy read
policy Sep 30, 2025
Commitments
1
1 manager on Schedule C
Plan sponsor: First National Bank
Allocation policy
Form 5500, as of Sep 30, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.1%
  • Common/collective trusts 8.9%
  • Registered investment companies 91.0%
Consultants and advisers
2 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 manager on the commitment tape
From the plan’s own commitment disclosures
  • Mfs1 row, latest Sep 30, 2025
From Schedule C (investment management, code 28)
What changed
4 events
  • Oct 1, 2024Funded status changed
    SBA Master Defined Benefit Pension Plan for First National Bank funded ratio 135.5% -> 130.9% (2023-10-01 to 2024-10-01)
    askebsa.dol.gov
  • Oct 1, 2024Assets changed
    SBA Master Defined Benefit Pension Plan for First National Bank plan assets $12M -> $15M (+30.0%, 2023-10-01 to 2024-10-01)
    askebsa.dol.gov
  • Sep 30, 2024Assets changed
    SBA Master Defined Benefit Pension Plan for First National Bank total assets $12M -> $15M (+30.0%, 2023-09-30 to 2024-09-30)
    askebsa.dol.gov
  • Oct 1, 2023Funded status changed
    SBA Master Defined Benefit Pension Plan for First National Bank funded ratio 147.8% -> 135.5% (2022-10-01 to 2023-10-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
1 row, 0 dated closings
DateFundManagerBucketAmountVintageStatusSource
as of Sep 30, 2025MFS Growth Equity Fundcollective trustMfsVenture$1.5M heldDisclosed holdingaskebsa.dol.gov
Size and funding
31 readings
Total assets
$17.0M Sep 30, 2025 reported Form 5500
$15.5M (2024-09) · $11.9M (2023-09)
Plan assets
$15.5M Oct 1, 2024 reported Form 5500
$11.9M (2023-10) · $11.7M (2022-10)
Net assets
$17.0M Sep 30, 2025 reported Form 5500
$15.5M (2024-09) · $11.9M (2023-09)
Funded ratio
130.9% Oct 1, 2024 reported Form 5500
135.5% (2023-10) · 147.8% (2022-10)
Funding target
$10.6M Oct 1, 2024 reported Form 5500
$9.6M (2023-10) · $8.7M (2022-10)
Discount rate
5.37% Oct 1, 2024 reported Form 5500
5.17% (2023-10) · 5.32% (2022-10)
Participants
185 Oct 1, 2024 reported Form 5500
171 (2023-10) · 164 (2022-10)
Contributions
$1.0M Sep 30, 2025 reported Form 5500
$1.0M (2024-09) · $0 (2023-09)
Benefits paid
$840,248 Sep 30, 2025 reported Form 5500
$336,436 (2024-09) · $851,386 (2023-09)
Net investment income
$1.5M Sep 30, 2025 reported Form 5500
$3.6M (2024-09) · $166,541 (2023-09)
Investment management fees
-$2,620 Sep 30, 2023 reported Form 5500
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Sep 30, 2025185$15.5M$10.6M130.9%$17.0MNot disclosedNot disclosedNot disclosed
2023 to Sep 30, 2024171$11.9M$9.6M135.5%$15.5MNot disclosedNot disclosedNot disclosed
2022 to Sep 30, 2023164$11.7M$8.7M147.8%$11.9MNot disclosedNot disclosedNot disclosed
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • VBA Benefits Corporation codes 49 50 $23,928 PY2024
  • Sageview Consulting Group codes 11 50 $18,450 PY2024
  • MFS Growth Equity Fund Sched. D C $1.5M PY2024

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Provenance
Identifiers: EIN-PN 540211100-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 29, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Record history

4 dated events on the change ledger, latest first
  • Funded status changed
    2023-10-01source
  • Funded status changed
    2024-10-01source
  • Total assets changed
    2024-10-01source

+1 more change on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

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