Salem Holding Company 401(k) Plan: Login, Facts & Contact Information

Salem Holding Company 401(k) Plan Facts

Plan name
SALEM HOLDING COMPANY 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SALEM HOLDING COMPANY
Participants
1,153 (828 active employees)
Former employees with a balance
130
Plan assets
$34,808,263 at Jun 30, 2025
Average account balance
$37,835 across 920 accounts
Employer contributions
$546,380 in plan year 2024 (15% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jul 1, 2024 – Jun 30, 2025
Plan established
Jul 1, 1987
✓ 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 (Jul 1, 2024 – Jun 30, 2025), filed Jan 9, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.64 million went into the plan in contributions, $546,380 of it from the employer (15%).
  • $4.61 million was paid out to participants.
  • Investment and other income added $3.57 million.
  • Administrative expenses were $114,975, about $125 per account.

How the Salem Holding Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,342$23.3 million$348,741$3.02 million
20201,252$29.1 million$179,398$3.15 million
20211,259$25.2 million$504,476$3.43 million
20221,194$27.8 million$655,208$3.40 million
20231,190$32.3 million$673,536$2.80 million
20241,153$34.8 million$546,380$4.61 million

Salem Holding Company 401(k) Contact Information

Phone
336-768-6800
Mailing address
175 CHARLOIS BOULEVARD, WINSTON-SALEM NC 27103
Plan sponsor
SALEM HOLDING COMPANY
Employer identification number (EIN)
56-1740888
Plan number
001

Questions about the Salem Holding Company 401(k)

Does Salem Holding Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $546,380, 15% of all contributions.

Does the Salem Holding Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Salem Holding Company 401(k) plan?

1,153 participants at the start of plan year 2024, 828 of them active employees, and 130 former employees who still had money in the plan.

What is the average 401(k) balance at Salem Holding Company?

About $37,835 per account: $34.8 million in plan assets across 920 accounts with a balance at the end of plan year 2024.

Who manages the Salem Holding Company 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Salem Holding Company. How do I access my 401(k)?

Your account stays with Principal 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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