2023 Form 5500 filing — Piedmont Advantage Credit Union 401(K) Plan
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 20241010150528NAL0036209424001) for Piedmont Advantage Credit Union 401(K) Plan, reported by Piedmont Advantage Credit Union under EIN 56-6048494 and plan number 001. It reports 164 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010150528NAL0036209424001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Piedmont Advantage Credit Union
- EIN
- 56-6048494
- Plan number
- 001
- Location
- Winston-Salem, NC
- Participants
- 164
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,987,197
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,987,197
- Employer contributions
- $237,427
- Participant contributions
- $422,150
- Total income / additions
- $1,872,226
- Benefits paid
- $571,244
- Administrative expenses
- $5,585
- Total expenses
- $576,829
- Net increase / (decrease)
- $1,295,397
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| The Vanguard Group | PLAN RECORDKEEPER | $3,195 | not reported in the loaded dataset |
| Retirement Plan Solutions Inc. | TPA | $2,390 | not reported in the loaded dataset |