Peoples Bank Profit Sharing And 401(K) Plan — Form 5500 plan (Peoples 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, Peoples Bank Profit Sharing And 401(K) Plan is a benefit plan reported by Peoples Bank under EIN 56-0354890 and plan number 001. The latest loaded filing year is 2023. The filing reports 410 participants and $32,956,119 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Peoples Bank
- EIN
- 56-0354890
- Plan number
- 001
- Plan type
- 2
- Location
- Newton, NC
- Latest filing year
- 2023
- Participants
- 410
- End-of-year plan assets
- $32,956,119
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 410 | H, C | 20250219160207NAL0003550307001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $32,956,119
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,956,119
- Net assets (BOY)
- $28,987,698
Income & contributions
- Employer contributions
- $740,338
- Participant contributions
- $1,373,570
- Total contributions
- $2,113,908
- Total income / additions
- $6,485,146
Expenses & distributions
- Benefits paid
- $2,442,155
- Administrative expenses
- $74,570
- Total expenses
- $2,516,725
- Net increase / (decrease)
- $3,968,421
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nationwide | RECORDKEEPING | $50,495 | $0 | 2023 |
| Wipfli Llp | TPA | $24,091 | not reported in the loaded dataset | 2023 |