2023 Form 5500 filing — Independent Southern Bancshares, Inc. Amended And Restated Profit Sharing/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 20241212072744NAL0007701011001) for Independent Southern Bancshares, Inc. Amended And Restated Profit Sharing/401(K) Plan, reported by Independent Southern Bancshares Inc under EIN 62-1206284 and plan number 001. It reports 132 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241212072744NAL0007701011001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Independent Southern Bancshares Inc
- EIN
- 62-1206284
- Plan number
- 001
- Location
- Brownsville, TN
- Participants
- 132
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,704,754
- Net assets (EOY)
- $14,704,754
- Employer contributions
- $346,766
- Participant contributions
- $472,174
- Total income / additions
- $2,373,886
- Benefits paid
- $573,612
- Administrative expenses
- $7,384
- Total expenses
- $580,996
- Net increase / (decrease)
- $1,792,890
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cambridge Investment Research Inc | BROKER/DEALER | $0 | $8,825 |
| Retirement Management Services, LLC | TPA | $1,550 | $5,792 |
| Morningstar Investment Management | SERVICE PROVIDER | $2,242 | $4,410 |
| Voya Retirement Ins & Annuity Co | SERVICE PROVIDER | $3,642 | $0 |