2023 Form 5500 filing — Southminster Retirement Plan
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 20240725125157NAL0008227411001) for Southminster Retirement Plan, reported by Southminster, Inc. under EIN 56-1443222 and plan number 002. It reports 624 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240725125157NAL0008227411001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Southminster, Inc.
- EIN
- 56-1443222
- Plan number
- 002
- Location
- Charlotte, NC
- Participants
- 624
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,775,490
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,775,490
- Employer contributions
- $466,937
- Participant contributions
- $706,673
- Total income / additions
- $2,764,661
- Benefits paid
- $1,215,113
- Administrative expenses
- $69,824
- Total expenses
- $1,284,937
- Net increase / (decrease)
- $1,479,724
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $69,872 | $0 |
| Kestra Investment Services LLC | INVESTMENT ADVISORY | $0 | $28,192 |
| Maxus Plan Solutions, Inc. | CONTRACT ADMINISTRATOR | $0 | $5,504 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |