Plan Ledger DOL Form 5500 · updated monthly

Piedmont National CorporationProfit-sharing plan

PIEDMONT NATIONAL CORPORATION 401(K) RETIREMENT PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.33%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Piedmont National Corporation reported $154,750 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,258 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.28% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 468th-largest of 2,160 plans among Georgia employers on file, and the 833rd of 4,246 in wholesale trade. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$49,456,604
Participants with balances312
Active participants271
Employer contributions$882,980
Employee contributions$2,236,827
Employer contribution per active participant$3,258
Average account balance$158,515
Benefits paid to participants$2,923,410
Plan auditUnmodified (clean) audit opinion
AuditorBIRNBREY MINSK MINSK & PERLING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$49.5M · 312 accts · $883K emplr
2023$43.1M · 302 accts · $935K emplr
2022$36.0M · 310 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$154,750
Total administrative$154,750
Employer contributions to the Piedmont National Corporation plan · 2024
Employer contribution per active participant$3,258
Median for plans this size$2,416
2024$3,258 per active participant
2023$3,567 per active participant
2022$3,888 per active participant

Piedmont National Corporation's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$65,527
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$1,305
BANK OF AMERICA NA · Investment advisory (plan)$62,351
BIRNBREY MINSK MINSK AND PERLING · Accounting / audit$25,400

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$154,750 · 0.33%
2023$109,892 · 0.28%
2022$107,248 · 0.28%
Same employer
Similar plansWholesale Trade · Georgia
Triangle Chemical Company GA$56.4M · 0.18%
Tom Barrow Co. GA$54.3M · 0.26%
Fibervisions Corporation GA$49.9M · 0.05%
Ajc International, Inc. GA$49.1M · 0.04%
Control Southern, Inc. GA$48.9M · 0.32%
Asm Assembly Systems,Llc GA$47.3M · 0.33%
KIDS2, Inc. GA$45.8M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580707747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.