Piedmont Advantage Credit Union 401(K) Plan — Form 5500 plan (Piedmont Advantage Credit Union)
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, Piedmont Advantage Credit Union 401(K) Plan is a benefit plan reported by Piedmont Advantage Credit Union under EIN 56-6048494 and plan number 001. The latest loaded filing year is 2023. The filing reports 164 participants and $7,987,197 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Piedmont Advantage Credit Union
- EIN
- 56-6048494
- Plan number
- 001
- Plan type
- 2
- Location
- Winston-Salem, NC
- Latest filing year
- 2023
- Participants
- 164
- End-of-year plan assets
- $7,987,197
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 164 | H, C | 20241010150528NAL0036209424001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,987,197
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,987,197
- Net assets (BOY)
- $6,691,800
Income & contributions
- Employer contributions
- $237,427
- Participant contributions
- $422,150
- Total contributions
- $757,622
- Total income / additions
- $1,872,226
Expenses & distributions
- Benefits paid
- $571,244
- Administrative expenses
- $5,585
- Total expenses
- $576,829
- Net increase / (decrease)
- $1,295,397
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Vanguard Group | PLAN RECORDKEEPER | $3,195 | not reported in the loaded dataset | 2023 |
| Retirement Plan Solutions Inc. | TPA | $2,390 | not reported in the loaded dataset | 2023 |