The Piedmont Bank Section 401(K) Profit Sharing Plan — Form 5500 plan (The Piedmont Bank)
Plain-English plan 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, The Piedmont Bank Section 401(K) Profit Sharing Plan is a benefit plan reported by The Piedmont Bank under EIN 43-2114621 and plan number 001. The latest loaded filing year is 2023. The filing reports 221 participants and $11,729,851 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Piedmont Bank
- EIN
- 43-2114621
- Plan number
- 001
- Plan type
- 2
- Location
- Peachtree Corners, GA
- Latest filing year
- 2023
- Participants
- 221
- End-of-year plan assets
- $11,729,851
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 221 | H, C | 20241015140309NAL0048292736001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,729,851
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,729,851
- Net assets (BOY)
- $9,287,765
Income & contributions
- Employer contributions
- $582,138
- Participant contributions
- $1,184,563
- Total contributions
- $1,975,462
- Total income / additions
- $3,406,327
Expenses & distributions
- Benefits paid
- $941,662
- Administrative expenses
- $22,579
- Total expenses
- $964,241
- Net increase / (decrease)
- $2,442,086
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Gba Retirement Services, Inc. | NONE | $13,244 | not reported in the loaded dataset | 2023 |
| American Trust Company | CONTRACT ADMIN | $9,335 | $0 | 2023 |