2023 Form 5500 filing — Profit Sharing Retirement Plan Of Piedmont Federal Savings 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 20241015082922NAL0015987427001) for Profit Sharing Retirement Plan Of Piedmont Federal Savings Bank, reported by Piedmont Federal Savings Bank under EIN 56-0358476 and plan number 001. It reports 175 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015082922NAL0015987427001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Piedmont Federal Savings Bank
- EIN
- 56-0358476
- Plan number
- 001
- Location
- Winston-Salem, NC
- Participants
- 175
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,653,482
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,653,482
- Employer contributions
- $806,502
- Participant contributions
- $521,802
- Total income / additions
- $3,369,298
- Benefits paid
- $4,945,587
- Administrative expenses
- $48,536
- Total expenses
- $4,994,123
- Net increase / (decrease)
- -$1,624,825
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fund Direct Advisors | NONE | $26,065 | not reported in the loaded dataset |
| Stanley Benefit Services, Inc. | NONE | $22,434 | not reported in the loaded dataset |