The Enhanced Capital Accumulation Plan For The Employees Of The Fidelity Bank — Form 5500 plan (The Fidelity 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 Enhanced Capital Accumulation Plan For The Employees Of The Fidelity Bank is a benefit plan reported by The Fidelity Bank under EIN 56-0132040 and plan number 003. The latest loaded filing year is 2023. The filing reports 692 participants and $49,108,921 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$49.1MPlan net assets, end of year$49,108,921
Participants692Covered participants reported
Assets / participant$71KComputed: assets ÷ participants$70,967 (computed)
Provider compensation$104.5K2 Schedule C provider row(s)$104,476
- Plan sponsor
- The Fidelity Bank
- EIN
- 56-0132040
- Plan number
- 003
- Plan type
- 2
- Location
- Fuquay Varina, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 692 | H, C | 20240726090052NAL0008817891001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$49.1M total assets
Net assets$49.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $49,108,921
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $49,108,921
- Net assets (BOY)
- $36,231,373
Income & contributions
- Employer contributions
- $2,850,206
- Participant contributions
- $2,847,940
- Total contributions
- $7,453,791
- Total income / additions
- $14,661,230
Expenses & distributions
- Benefits paid
- $1,683,358
- Administrative expenses
- $100,324
- Total expenses
- $1,783,682
- Net increase / (decrease)
- $12,877,548
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
50%50%
Employer 50%Participant 50%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income11%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $87,961 | $0 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $16,515 | not reported in the loaded dataset | 2023 |