Plan Snapshot
- Plan Sponsor: Piedmont Federal Savings Bank
- Sponsor EIN: 560358476
- Sponsor Address: 201 S STRATFORD ROAD, WINSTON-SALEM, NC, 27103
- Plan Type: DC
- Total Participants: 124
- Total Assets: $20.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 124 | $20.1M | $861,986 | $589,495 |
| 2023 | 119 | $17.7M | $806,502 | $521,802 |
| 2022 | 127 | $19.3M | $1.2M | $492,175 |
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 |
|---|---|---|---|---|
| STANLEY BENEFIT SERVICES, INC. | Other Service Provider | $33,704 | — | $33,704 |
| FUND DIRECT ADVISORS | Other Service Provider | $20,370 | — | $20,370 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,074
- Estimated Expense Ratio: 0.270% of plan assets
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 | $54,074 | — | — | — | — |
| 2023 | $48,536 | — | $48,536 | — | — |
| 2022 | $52,233 | — | — | — | $52,233 |