2023 Form 5500 filing — Savings Plan For The Subsidiaries Of Southside Bancshares, Inc.
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240626144132NAL0012282000001) for Savings Plan For The Subsidiaries Of Southside Bancshares, Inc., reported by Southside Bancshares, Inc. under EIN 75-1848732 and plan number 002. It reports 1,041 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240626144132NAL0012282000001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Southside Bancshares, Inc.
- EIN
- 75-1848732
- Plan number
- 002
- Location
- Tyler, TX
- Participants
- 1,041
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $65,258,235
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $65,258,235
- Employer contributions
- $2,226,459
- Participant contributions
- $4,794,158
- Total income / additions
- $16,668,281
- Benefits paid
- $5,149,933
- Administrative expenses
- $132,763
- Total expenses
- $5,283,402
- Net increase / (decrease)
- $11,384,879
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $127,901 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |