2023 Form 5500 filing — Salem Academy And College Tax Deferred Annuity 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 20241212150030NAL0007901043001) for Salem Academy And College Tax Deferred Annuity Plan, reported by Salem Academy And College under EIN 56-0530005 and plan number 004. It reports 242 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241212150030NAL0007901043001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Salem Academy And College
- EIN
- 56-0530005
- Plan number
- 004
- Location
- Winston-Salem, NC
- Participants
- 242
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,067,989
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,067,989
- Participant contributions
- $442,230
- Total income / additions
- $1,471,163
- Benefits paid
- $522,481
- Administrative expenses
- $14,153
- Total expenses
- $536,634
- Net increase / (decrease)
- $934,529
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Tiaa | RECORDKEEPER | $5,779 | $0 |
| Sageview Advisory Group | ADVISOR | $5,367 | not reported in the loaded dataset |
| Millennium Advisory Services, Inc. | ADVISOR - INDIVIDUAL | $3,006 | not reported in the loaded dataset |