401(k) · DOL Form 5500 · 2023

Piedmont Federal Savings Bank 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
127
Participants Small participant base
70th
Percentile by assets National rank
$139,004
Avg per participant Near avg balance/head
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Official DOL plan name: Profit Sharing Retirement Plan of Piedmont Federal Savings Bank · Sponsored by Piedmont Federal Savings Bank · North Carolina · Finance & Insurance

$18M in assets, 127 participants

Piedmont Federal Savings Bank's Profit Sharing Retirement Plan of Piedmont Federal Savings Bank reported $18M in total assets and 127 participants in its 2023 DOL Form 5500 filing, ranking in the 70th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,992 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank covers 127 participants in North Carolina, about 16% of the average North Carolina filer (state average ~819 per filing). Assets: $18M.

#4,992
in Finance & Insurance (8,869 peers)
-8.4%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank's outsized position by total assets

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$17,653,482 Top 30% higher than 70% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Profit Sharing Retirement Plan of Piedmont Federal Savings Bank sits mid-pack in the medium band (127 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Profit Sharing Retirement Plan of Piedmont Federal Savings Bank reported net income rose from -$3M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Profit Sharing Retirement Plan of Piedmont Federal Savings Bank end-of-year assets fell from $19M in the plan year 2022 filing to $18M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 560358476 · Piedmont Federal Savings Bank PY 2023 · 401(k)

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank · $18M · 127 · 70th

  • PART $18M
  • TYPE 127
  • NET 70th
  • BOOK 401(k)
  • VS-ST near Western Management, Inc. Profit Sharing & 401(k) Plan
  • BOY ind #4992

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in North Carolina →

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank in the asset neighbourhood

Cathcart Rail, LLC 401(k) Profit Sharing PlanCathcart Rail, LLC 401(k) Pr…$18MProfit Sharing Retirement Plan of Piedmont Federal Savings BankProfit Sharing Retirement Pl…$18MWestern Management, Inc. Profit Sharing & 401(k) PlanWestern Management, Inc. Pro…$18MCibt 401(k) Retirement Savings PlanCibt 401(k) Retirement Savin…$18MCorporate Mailings Inc. 401(k) Profit Sharing PlanCorporate Mailings Inc. 401(…$18M
End-of-year total assets ($M) among Profit Sharing Retirement Plan of Piedmont Federal Savings Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$18M
Net Income-$2M
Employer EIN560358476
Plan Effective Date1952-12-09
Filing StatusFILING RECEIVED

Sponsor Plan History (Piedmont Federal Savings Bank)

Sponsor-wide plan assets over time

All Piedmont Federal Savings Bank plans reported in each filing year

Latest sponsor-wide plan assets
$20M 4.0134333372738595% vs 2022
2024 filing year
$17M$18M$19M$20M$21M 202220232024 $19.3M $20.1M ▲ +4.0%
Year Plans Participants Total Assets
2022 1 126 $19M
2023 1 127 $18M
2024 1 119 $20M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Profit Sharing Retirement Plan of Piedmont Federal Savings Bank, Total assets ($B): 0.017653482 · Participants: 127Profit Sharing Retirement Plan of Piedmont Federal Savings BankThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Profit Sharing Retirement Plan of Piedmont Federal Savings Bank vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Profit Sharing Retirement Plan of Piedmont Federal Savings Bank side-by-side with 3 peers →

Profit Sharing Retirement Plan of Piedmont Federal Savings Bank's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Western Management, Inc. Profit Sharing & 401(k) Plan in OH ($18M); by covered participants it is San Pedro Fish Markets 401(k) Profit Sharing Plan & Trust in CA (127 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (127 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Profit Sharing Retirement Plan of Piedmont Federal Savings Bank assets move in 2023? ▼
Profit Sharing Retirement Plan of Piedmont Federal Savings Bank pulled back noticeably - down 8.4% during 2023, from $19M to $18M. Reported net income was -$2M.
How have Piedmont Federal Savings Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Piedmont Federal Savings Bank's sponsor-wide assets grew 4.0%, from $19M to $20M.
Which 401(k) plans are similar in size to Profit Sharing Retirement Plan of Piedmont Federal Savings Bank? ▼
Among 401(k) plans in other states, the closest by assets is Western Management, Inc. Profit Sharing & 401(k) Plan in OH ($18M, 290 participants).
Which 401(k) plans cover a similar participant headcount to Profit Sharing Retirement Plan of Piedmont Federal Savings Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is San Pedro Fish Markets 401(k) Profit Sharing Plan & Trust in CA (127 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560358476.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.