# Piedmont Federal Savings Bank DC Plan
Source: https://planprovider.pro/companies/piedmont-federal-savings-bank-plan-001

> Piedmont Federal Savings Bank's DC plan: 124 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| ELLIOTT DAVIS PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ELLIOTT DAVIS PLLC](https://planprovider.pro/provider/elliott-davis-llc) — Auditor

## 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|$54,074|—|—|—|—|

| 2023|$48,536|—|$48,536|—|—|

| 2022|$52,233|—|—|—|$52,233|

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