2023 Form 5500 filing — Peoplessouth Bancshares, Inc. Section 401(K) Profit Sharing 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 20241015072217NAL0015937219001) for Peoplessouth Bancshares, Inc. Section 401(K) Profit Sharing Plan, reported by Peoplessouth Bancshares, Inc. under EIN 58-1928833 and plan number 002. It reports 216 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015072217NAL0015937219001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Peoplessouth Bancshares, Inc.
- EIN
- 58-1928833
- Plan number
- 002
- Location
- Colquitt, GA
- Participants
- 216
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $6,209,555
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,209,555
- Employer contributions
- $281,614
- Participant contributions
- $396,446
- Total income / additions
- $1,378,696
- Benefits paid
- $1,442,195
- Administrative expenses
- $19,587
- Total expenses
- $1,461,782
- Net increase / (decrease)
- -$83,086
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| American Trust Company | NONE | $10,722 | $0 |
| Gba Retirement Services, Inc. | NONE | $8,865 | $0 |