401(k) · DOL Form 5500 · 2024
The Piedmont Bank 401(k) Plan
Data updated 2026-08-25
- $10M
- Total assets Small plan by assets
- 207
- Participants Below avg headcount
- 56th
- Percentile by assets National rank
- $48,158
- Avg per participant Low balance/head
Official DOL plan name: The Piedmont Bank Section 401(k) Profit Sharing Plan · Sponsored by The Piedmont Bank · West Virginia · Finance & Insurance
$10M in assets, 207 participants
The Piedmont Bank's The Piedmont Bank Section 401(k) Profit Sharing Plan reported $10M in total assets and 207 participants in its 2024 DOL Form 5500 filing, ranking in the 56th 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.
- #3,374 in Finance & Insurance (8,549 peers)
Coverage in West Virginia
The Piedmont Bank Section 401(k) Profit Sharing Plan covers 207 participants in West Virginia, about 44% of the average West Virginia filer (state average ~467 per filing). Assets: $10M.
- #3,374
- in Finance & Insurance (8,549 peers)
- -15.0%
- 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.
The Piedmont Bank Section 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers
The Piedmont Bank Section 401(k) Profit Sharing Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$9,968,758 Top 44% higher than 56% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
The Piedmont Bank Section 401(k) Profit Sharing Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Piedmont Bank Section 401(k) Profit Sharing Plan sits mid-pack in the medium band (207 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Piedmont Bank Section 401(k) Profit Sharing Plan reported net income fell from $2M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
- The Piedmont Bank Section 401(k) Profit Sharing Plan end-of-year assets fell from $12M in the plan year 2023 filing to $10M in the plan year 2024 filing.
- The Piedmont Bank Section 401(k) Profit Sharing Plan reported participants rose from 190 in the plan year 2023 filing to 207 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 432114621 · The Piedmont Bank PY 2024 · 401(k)
The Piedmont Bank Section 401(k) Profit Sharing Plan · $10M · 207 · 56th
- EBSA $10M
- PART 207
- TYPE 56th
- NET 401(k)
- BOOK near Nmc Group Retirement Plan
- VS-ST ind #3374
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 West Virginia →
The Piedmont Bank Section 401(k) Profit Sharing Plan in the asset neighbourhood
West Virginia filing particulars
| Total Assets (Beginning of Year) | $12M |
|---|---|
| Net Assets (End of Year) | $10M |
| Net Income | -$2M |
| Employer EIN | 432114621 |
| Plan Effective Date | 2006-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Piedmont Bank)
Sponsor-wide plan assets over time
All The Piedmont Bank plans reported in each filing year
- Latest sponsor-wide plan assets
- $10M 7.332151491774394% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 174 | $9M |
| 2023 | 1 | 190 | $12M |
| 2024 | 1 | 207 | $10M |
Nearby 401(k) Plans in West Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Orrick, Herrington & Sutcliffe LLP Retirement Plan $1.2B · 1,845
- Vandalia Health System 401(k) Retirement Savings P $853M · N/A
- American Public Education Retirement Plan $303M · 5,717
- West Virginia University Health System 401(k) Plan $255M · 4,549
- United Bankshares, Inc. Savings and Stock Investment Plan $249M · 2,561
The Piedmont Bank Section 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount
Outside West Virginia, the nearest 401(k) by assets is Nmc Group Retirement Plan in OH ($10M); by covered participants it is California Retina Associates 401(k) Plan in CA (207 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10M here).
- Nmc Group Retirement Plan (OH) $10M · 146
- Mid-Wisconsin Beverage, Inc. 401(k) Savings Plan (WI) $10M · 94
- Iron Eaglex, Inc. 401(k) Plan (FL) $10M · 194
- Clear Lake Specialties, P.a. 401 (K) Profit Sharing Plan (TX) $10M · 253
Similar participant headcount
Nearest other-state filings by covered participants (207 participants); asset peers above are excluded.
- California Retina Associates 401(k) Plan (CA) 207 · 0 off
- The Las Olas Company, Inc. 401(k) Plan (FL) 207 · 0 off
- Gmfs, LLC 401(k) Plan (LA) 207 · 0 off
- The Simon Konover Company 401(k) Savings Plan (CT) 207 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.