2023 Form 5500 filing — The Capital Accumulation Plan For The Employees Of Southern Bank And 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 20241004094007NAL0012058161001) for The Capital Accumulation Plan For The Employees Of Southern Bank And Trust, reported by Southern Bank And Trust Company under EIN 56-0132260 and plan number 002. It reports 228 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$37.1MReported net assets$37,138,256
Participants228
Provider compensation$30.8K1 Schedule C row(s)$30,824
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241004094007NAL0012058161001
- Plan sponsor
- Southern Bank And Trust Company
- EIN
- 56-0132260
- Plan number
- 002
- Location
- Mount Olive, NC
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$37.1M total assets
Net assets$37.1MLiabilities$0
Full reported line items
- Total assets (EOY)
- $37,138,256
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,138,256
- Employer contributions
- $503,892
- Participant contributions
- $937,369
- Total income / additions
- $6,337,216
- Benefits paid
- $2,233,828
- Administrative expenses
- $30,779
- Total expenses
- $2,264,607
- Net increase / (decrease)
- $4,072,609
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| First-Citizens Bank & Trust Co | NONE | $30,824 | not reported in the loaded dataset |