2023 Form 5500 filing — Salem Academy And College Faculty Defined Contribution Retirement 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 20241212145717NAL0025946946001) for Salem Academy And College Faculty Defined Contribution Retirement Plan, reported by Salem Academy And College under EIN 56-0530005 and plan number 001. It reports 405 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241212145717NAL0025946946001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Salem Academy And College
- EIN
- 56-0530005
- Plan number
- 001
- Location
- Winston-Salem, NC
- Participants
- 405
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,592,628
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,592,628
- Total income / additions
- $3,050,361
- Benefits paid
- $3,110,094
- Administrative expenses
- $35,896
- Total expenses
- $3,145,990
- Net increase / (decrease)
- -$95,629
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Millennium Advisory Services, Inc. | ADVISOR PLAN | $19,226 | not reported in the loaded dataset |
| Tiaa | RECORDKEEPER | $8,679 | $0 |
| Sageview Advisory Group | ADVISOR | $7,991 | not reported in the loaded dataset |