Profit Sharing Retirement Plan Of Piedmont Federal Savings Bank — Form 5500 plan (Piedmont Federal Savings 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, Profit Sharing Retirement Plan Of Piedmont Federal Savings Bank is a benefit plan reported by Piedmont Federal Savings Bank under EIN 56-0358476 and plan number 001. The latest loaded filing year is 2023. The filing reports 175 participants and $17,653,482 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Piedmont Federal Savings Bank
- EIN
- 56-0358476
- Plan number
- 001
- Plan type
- 2
- Location
- Winston-Salem, NC
- Latest filing year
- 2023
- Participants
- 175
- End-of-year plan assets
- $17,653,482
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 175 | H, C | 20241015082922NAL0015987427001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,653,482
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,653,482
- Net assets (BOY)
- $19,278,307
Income & contributions
- Employer contributions
- $806,502
- Participant contributions
- $521,802
- Total contributions
- $1,462,593
- Total income / additions
- $3,369,298
Expenses & distributions
- Benefits paid
- $4,945,587
- Administrative expenses
- $48,536
- Total expenses
- $4,994,123
- Net increase / (decrease)
- -$1,624,825
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fund Direct Advisors | NONE | $26,065 | not reported in the loaded dataset | 2023 |
| Stanley Benefit Services, Inc. | NONE | $22,434 | not reported in the loaded dataset | 2023 |