2023 Form 5500 filing — The Enhanced Capital Accumulation Plan For The Employees Of The Fidelity Bank
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240726090052NAL0008817891001) for The Enhanced Capital Accumulation Plan For The Employees Of The Fidelity Bank, reported by The Fidelity Bank under EIN 56-0132040 and plan number 003. It reports 692 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240726090052NAL0008817891001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Fidelity Bank
- EIN
- 56-0132040
- Plan number
- 003
- Location
- Fuquay Varina, NC
- Participants
- 692
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $49,108,921
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $49,108,921
- Employer contributions
- $2,850,206
- Participant contributions
- $2,847,940
- Total income / additions
- $14,661,230
- Benefits paid
- $1,683,358
- Administrative expenses
- $100,324
- Total expenses
- $1,783,682
- Net increase / (decrease)
- $12,877,548
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $87,961 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $16,515 | not reported in the loaded dataset |