2023 Form 5500 filing — South Carolina Bankers Employee Benefit Trust
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 20240730133008NAL0043874834002) for South Carolina Bankers Employee Benefit Trust, reported by Trustees In Their Capacity As Such Of South Carolina Bankers Employee under EIN 57-0741877 and plan number 501. It reports 1,390 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240730133008NAL0043874834002
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Trustees In Their Capacity As Such Of South Carolina Bankers Employee
- EIN
- 57-0741877
- Plan number
- 501
- Location
- Chapin, SC
- Participants
- 1,390
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,676,941
- Total liabilities (EOY)
- $1,204,068
- Net assets (EOY)
- $3,472,873
- Employer contributions
- $14,146,125
- Total income / additions
- $14,328,363
- Benefits paid
- $16,038,582
- Administrative expenses
- $992,716
- Total expenses
- $17,031,298
- Net increase / (decrease)
- -$2,702,935
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Blue Cross Blue Shield Of Sc | NONE | $750,925 | $0 |
| Hub International Carolinas | NONE | $36,890 | not reported in the loaded dataset |
| The Benefit Company Inc | NONE | $32,406 | not reported in the loaded dataset |
| J.W. Hunt And Company Llp | NONE | $22,694 | not reported in the loaded dataset |
| Nelson Mullins Riley & Scarborough | NONE | $10,270 | not reported in the loaded dataset |
| Rch Benefits Advisors LLC | NONE | $7,500 | not reported in the loaded dataset |