First Community Bankshares, Inc.
Overview
First Community Bankshares, Inc. sponsors a self-funded health plan that covered 611 participants in plan year 2025, down 6% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 611 · prior year 648
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- First Community Bankshares, Inc. Medical & Dental Care Plan, plan 504 (611 participants); First Community Bankshares, Inc. Flexible Benefits, plan 505 (596 participants)
- Stop-loss carrier
- Berkshire Hathaway Specialty Insurance Company
- Broker compensation
- $72K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Berkshire Hathaway Specialty Insurance Company | Stop-loss | 390 | $802K | — |
| United of Omaha Life Insurance Company | Long-term disability, Life, Short-term disability | 573 | $428K | $57K |
| American Heritage Life Insurance Company | Life, Hospital Indemnity | 129 | $102K | $15K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 611 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- First Community Bankshares, Inc.
- Sponsor EIN
- 55-0694814
- Plan numbers
- 504, 505
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 55-0694814 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- First Community Bankshares, Inc. Employee Stock Ownership and Savings Plan
- Type
- 401(k) plan
- Participants
- 785
About this data
Source: First Community Bankshares, Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with First Community Bankshares, Inc..