Servisfirst Bank 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Servisfirst Bank)
Plain-English plan 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, Servisfirst Bank 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Servisfirst Bank under EIN 20-2451671 and plan number 002. The latest loaded filing year is 2023. The filing reports 693 participants and $57,148,704 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Servisfirst Bank
- EIN
- 20-2451671
- Plan number
- 002
- Plan type
- 2
- Location
- Birmingham, AL
- Latest filing year
- 2023
- Participants
- 693
- End-of-year plan assets
- $57,148,704
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 693 | H, C | 20241010144355NAL0021274433001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $57,148,704
- Net assets (EOY)
- $57,148,704
- Net assets (BOY)
- $49,994,161
Income & contributions
- Employer contributions
- $2,403,930
- Participant contributions
- $4,757,956
- Total contributions
- $7,912,608
- Total income / additions
- $15,937,097
Expenses & distributions
- Benefits paid
- $8,654,840
- Administrative expenses
- $127,714
- Total expenses
- $8,782,554
- Net increase / (decrease)
- $7,154,543
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln Financial Advisors Cor | NONE | $71,785 | not reported in the loaded dataset | 2023 |
| Schwab Retirement Plan Services,Inc | NONE | $45,674 | not reported in the loaded dataset | 2023 |
| Envestnet Inc | NONE | $10,225 | not reported in the loaded dataset | 2023 |