Piedmont Cheerwine Bottling Company 401(k) Plan: Login, Facts & Contact Information

Piedmont Cheerwine Bottling Company 401(k) Plan Facts

Plan name
CHEERWINE 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PIEDMONT CHEERWINE BOTTLING COMPANY
Participants
499 (572 active employees)
Former employees with a balance
95
Plan assets
$19,879,193 at Dec 31, 2024
Average account balance
$35,372 across 562 accounts
Employer contributions
$630,366 in plan year 2024 (32% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Dec 31, 1972
✓ 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

  • $1.95 million went into the plan in contributions, $630,366 of it from the employer (32%).
  • $1.77 million was paid out to participants.
  • Investment and other income added $2.12 million.
  • Administrative expenses were $74,553, about $133 per account.

How the Piedmont Cheerwine Bottling Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019335$14.9 million$328,313$788,631
2020345$16.8 million$708,572$1.29 million
2021379$17.1 million$498,255$2.65 million
2022335$14.5 million$611,135$1.32 million
2023382$17.7 million$626,200$1.28 million
2024499$19.9 million$630,366$1.77 million

Piedmont Cheerwine Bottling Company 401(k) Contact Information

Phone
704-636-2191
Mailing address
1413 JAKE ALEXANDER BLVD. SOUTH, SALISBURY NC 28146
Plan sponsor
PIEDMONT CHEERWINE BOTTLING COMPANY
Employer identification number (EIN)
56-0887444
Plan number
001

Questions about the Piedmont Cheerwine Bottling Company 401(k)

Does Piedmont Cheerwine Bottling Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $630,366, 32% of all contributions.

Does the Piedmont Cheerwine Bottling Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Piedmont Cheerwine Bottling Company 401(k) plan?

499 participants at the start of plan year 2024, 572 of them active employees, and 95 former employees who still had money in the plan.

What is the average 401(k) balance at Piedmont Cheerwine Bottling Company?

About $35,372 per account: $19.9 million in plan assets across 562 accounts with a balance at the end of plan year 2024.

Who manages the Piedmont Cheerwine Bottling Company 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Piedmont Cheerwine Bottling Company. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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