Plex Media Server version? See Authorized Devices.
Plex Media Server platform (Windows/Linux/etc)?
What is the video format?
A 4th Gen Intel CPU does not support decoding of H.265/HEVC video. Therefore Plex will use the CPU, not the GPU, for the decode portion of the transcode.
Furthermore, if the video is HDR, it will add additional load to the CPU.
Make sure you’ve enabled both Use hardware acceleration when available and Use hardware-accelerated video encoding in Settings → Transcoder.
Monitor playback via Plex Dashboard → Now Playing. It will show you if Plex is using hardware accelerated transcoding. Expand the view to show necessary details.
Using an Intel 4th gen CPU, Plex supports hardware accelerated decoding of AVC/H.264, MPEG2, and VC-1 video.
When using hardware acceleration and supported video formats you should be able to transcode “several” video streams. I don’t know an exact number, but it is definitely more than one or two.
When not using hardware acceleration, you will get one or two transcodes. The i5-4330 has a Passmark rating of 4639. Per What kind of CPU do I need for my Server?, transcoding a 1080p/H.264 video requires a Passmark of 2000.
Note that many other factors can affect how many concurrent transcodes your server can handle.
Audio transcoding occurs on the CPU. Some audio formats, such as TrueHD, require more CPU cycles to transcode than others. While not compute intensive, it is an additional load on the system and may come into play when transcoding multiple streams.
Burning subtitles into a video stream can place an additional noticeable load on the Plex server. This is in addition to what is required to transcode the video.