Davenport Energy, Inc/first Piedmont Corporation 401(k) Plan: Login, Facts & Contact Information

Davenport Energy, Inc/first Piedmont Corporation 401(k) Plan Facts

Plan name
DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION
Participants
414 (332 active employees)
Former employees with a balance
114
Plan assets
$15,193,780 at Dec 31, 2024
Average account balance
$33,915 across 448 accounts
Employer contributions
$370,239 in plan year 2024 (22% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1998
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 9, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.65 million went into the plan in contributions, $370,239 of it from the employer (22%).
  • $1.74 million was paid out to participants.
  • Investment and other income added $1.62 million.
  • Administrative expenses were $58,321, about $130 per account.

How the Davenport Energy, Inc/first Piedmont Corporation 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019382$11.8 million$174,831$485,190
2020366$14.3 million$194,280$601,796
2021383$12.9 million$202,717$4.00 million
2022296$11.0 million$216,785$1.53 million
2023382$13.8 million$306,349$1.49 million
2024414$15.2 million$370,239$1.74 million

Davenport Energy, Inc/first Piedmont Corporation 401(k) Contact Information

Phone
434-432-0251
Mailing address
108 SOUTH MAIN ST., CHATHAM VA 24531
Plan sponsor
DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION
Employer identification number (EIN)
54-0740680
Plan number
001

Questions about the Davenport Energy, Inc/first Piedmont Corporation 401(k)

Does Davenport Energy, Inc/first Piedmont Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $370,239, 22% of all contributions.

Does the Davenport Energy, Inc/first Piedmont Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Davenport Energy, Inc/first Piedmont Corporation 401(k) plan?

414 participants at the start of plan year 2024, 332 of them active employees, and 114 former employees who still had money in the plan.

What is the average 401(k) balance at Davenport Energy, Inc/first Piedmont Corporation?

About $33,915 per account: $15.2 million in plan assets across 448 accounts with a balance at the end of plan year 2024.

Who manages the Davenport Energy, Inc/first Piedmont Corporation 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Davenport Energy, Inc/first Piedmont Corporation. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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