Piedmont Federal Savings Bank 401(k) match, vesting and fees
What Piedmont Federal Savings Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Stanley Benefit Services, Inc. | Schedule C ↗ |
| Independent auditor | Elliott Davis PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Piedmont Federal Savings Bank: employer contribution per participant | $4,870 | |
| Peer median | $2,868 |
| Piedmont Federal Savings Bank: average balance | $113,288 | |
| Peer median | $95,281 |
| Piedmont Federal Savings Bank: admin expenses ÷ assets | 0.29% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $22.5M at the end of plan year 2021 to $20.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 181 | $20.1M | $862K | $4,870 | 0.29% | Not published | Form 5500 ↗ |
| 2023 | 168 | $17.7M | $807K | $4,918 | 0.26% | Not published | Form 5500 ↗ |
| 2022 | 175 | $19.3M | $1.2M | $7,144 | 0.25% | Not published | Form 5500 ↗ |
| 2021 | 164 | $22.5M | $1.1M | $7,024 | 0.26% | Not published | Form 5500 ↗ |
Common questions
Does Piedmont Federal Savings Bank match 401(k) contributions?
The match terms for the Profit Sharing Retirement Plan of Piedmont Federal Savings Bank have not been published from its filing yet. The plan year 2024 filing reports $862K in employer contributions, about $4,870 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Piedmont Federal Savings Bank 401(k) match vested?
The vesting schedule for the Profit Sharing Retirement Plan of Piedmont Federal Savings Bank is not in the data published so far. Your Summary Plan Description states it.
Who manages the Piedmont Federal Savings Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Stanley Benefit Services, Inc.. The plan administrator is Piedmont Federal Savings Bank.
I left Piedmont Federal Savings Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Piedmont Federal Savings Bank, (336) 770-1000) or the recordkeeper, Stanley Benefit Services, Inc.. The Piedmont Federal Savings Bank old 401(k) page lists the contacts from every plan filing. Find an old Piedmont Federal Savings Bank 401(k)
Data from the public Form 5500 annual reports Piedmont Federal Savings Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Piedmont Federal Savings Bank. Not financial advice. Report a correction · Methodology