2023 Form 5500 filing — Peoples Bank Profit Sharing And 401(K) 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 20250219160207NAL0003550307001) for Peoples Bank Profit Sharing And 401(K) Plan, reported by Peoples Bank under EIN 56-0354890 and plan number 001. It reports 410 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250219160207NAL0003550307001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Peoples Bank
- EIN
- 56-0354890
- Plan number
- 001
- Location
- Newton, NC
- Participants
- 410
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $32,956,119
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,956,119
- Employer contributions
- $740,338
- Participant contributions
- $1,373,570
- Total income / additions
- $6,485,146
- Benefits paid
- $2,442,155
- Administrative expenses
- $74,570
- Total expenses
- $2,516,725
- Net increase / (decrease)
- $3,968,421
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide | RECORDKEEPING | $50,495 | $0 |
| Wipfli Llp | TPA | $24,091 | not reported in the loaded dataset |