Plan5500

Salem Academy And College Faculty Defined Contribution Retirement Plan — Form 5500 plan (Salem Academy And College)

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, Salem Academy And College Faculty Defined Contribution Retirement Plan is a benefit plan reported by Salem Academy And College under EIN 56-0530005 and plan number 001. The latest loaded filing year is 2023. The filing reports 405 participants and $23,592,628 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Salem Academy And College
EIN
56-0530005
Plan number
001
Plan type
2
Location
Winston-Salem, NC
Latest filing year
2023
Participants
405
End-of-year plan assets
$23,592,628

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023405H, C20241212145717NAL0025946946001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$23,592,628
Total liabilities (EOY)
$0
Net assets (EOY)
$23,592,628
Net assets (BOY)
$23,688,257

Income & contributions

Total contributions
$0
Total income / additions
$3,050,361

Expenses & distributions

Benefits paid
$3,110,094
Administrative expenses
$35,896
Total expenses
$3,145,990
Net increase / (decrease)
-$95,629

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Millennium Advisory Services, Inc.ADVISOR PLAN$19,226not reported in the loaded dataset2023
TiaaRECORDKEEPER$8,679$02023
Sageview Advisory GroupADVISOR$7,991not reported in the loaded dataset2023

Related Form 5500 pages