2023 Form 5500 filing — Southern Bancorp 401(K) Retirement Savings And Employee Stock Ownership 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 20241017151601NAL0053367328001) for Southern Bancorp 401(K) Retirement Savings And Employee Stock Ownership Plan, reported by Southern Bancorp, Inc. under EIN 71-0646525 and plan number 003. It reports 631 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)$45.7MReported net assets$45,723,093
Participants631
Provider compensation$122.4K3 Schedule C row(s)$122,412
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241017151601NAL0053367328001
Plan sponsor
Southern Bancorp, Inc.
EIN
71-0646525
Plan number
003
Location
Little Rock, AR
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
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)$45.7M total assets
Net assets$45.7MLiabilities$0
Money in vs. money out
Total income / additions$10.4M
Total expenses$3.3M
Benefits paid / distributions$3.2M
Contributions
Employer$2.3M
Participant$2.9M
Full reported line items
Total assets (EOY)
$45,723,093
Total liabilities (EOY)
$0
Net assets (EOY)
$45,723,093
Employer contributions
$2,264,189
Participant contributions
$2,929,409
Total income / additions
$10,430,010
Benefits paid
$3,224,682
Administrative expenses
$122,412
Total expenses
$3,347,094
Net increase / (decrease)
$7,082,916
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    RECORD-KEEPER · Direct $68.9K · Indirect $0
  2. 2
    ADVISOR · Direct $43.1K
  3. 3
    TRUSTEE · Direct $10.3K · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241017151601NAL0053367328001 cover?
It is the 2023 Form 5500 filing for Southern Bancorp 401(K) Retirement Savings And Employee Stock Ownership Plan, reported by Southern Bancorp, Inc. (EIN 71-0646525).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages