Plan Snapshot
- Plan Sponsor: Piedmont Advantage Credit Union
- Sponsor EIN: 566048494
- Sponsor Address: 3530 ADVANTAGE WAY, WINSTON-SALEM, NC, 27103
- Plan Type: 401(k)
- Total Participants: 88
- Total Assets: $8.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 88 | $8.4M | $208,528 | $361,702 |
| 2023 | 100 | $8.0M | $237,427 | $422,150 |
| 2022 | 111 | $6.7M | $245,071 | $434,476 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BUTLER & BURKE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,542 | — | — | — | — |
| 2023 | $5,585 | — | — | — | — |
| 2022 | $330 | — | — | — | $330 |