2023 Form 5500 filing — City Bank 401(K) 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 20240926160129NAL0000565555001) for City Bank 401(K) Plan, reported by South Plains Financial, Inc. under EIN 75-2453320 and plan number 002. It reports 856 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926160129NAL0000565555001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- South Plains Financial, Inc.
- EIN
- 75-2453320
- Plan number
- 002
- Location
- Lubbock, TX
- Participants
- 856
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $45,243,590
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $45,243,590
- Employer contributions
- $1,782,014
- Participant contributions
- $3,336,192
- Total income / additions
- $12,605,948
- Benefits paid
- $6,310,801
- Administrative expenses
- $383,159
- Total expenses
- $6,693,960
- Net increase / (decrease)
- $5,911,988
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Atlasmark | INVESTMENT ADV | $224,595 | not reported in the loaded dataset |
| Employee Incentive Plans, Inc. | TPA, RECORDKEEPER | $94,163 | not reported in the loaded dataset |
| Fidelity Brokerage Services LLC | CUSTODIAN | $24,598 | not reported in the loaded dataset |
| Carr, Riggs & Ingram, LLC | AUDIT | $17,004 | not reported in the loaded dataset |