Salem Academy And College Tax Deferred Annuity 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 Tax Deferred Annuity Plan is a benefit plan reported by Salem Academy And College under EIN 56-0530005 and plan number 004. The latest loaded filing year is 2023. The filing reports 242 participants and $8,067,989 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
- 004
- Plan type
- 2
- Location
- Winston-Salem, NC
- Latest filing year
- 2023
- Participants
- 242
- End-of-year plan assets
- $8,067,989
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 242 | H, C | 20241212150030NAL0007901043001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,067,989
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,067,989
- Net assets (BOY)
- $7,133,460
Income & contributions
- Participant contributions
- $442,230
- Total contributions
- $448,970
- Total income / additions
- $1,471,163
Expenses & distributions
- Benefits paid
- $522,481
- Administrative expenses
- $14,153
- Total expenses
- $536,634
- Net increase / (decrease)
- $934,529
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Tiaa | RECORDKEEPER | $5,779 | $0 | 2023 |
| Sageview Advisory Group | ADVISOR | $5,367 | not reported in the loaded dataset | 2023 |
| Millennium Advisory Services, Inc. | ADVISOR - INDIVIDUAL | $3,006 | not reported in the loaded dataset | 2023 |