Plan5500

South Carolina Bankers Employee Benefit Trust — Form 5500 plan (South Atlantic 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, South Carolina Bankers Employee Benefit Trust is a benefit plan reported by South Atlantic Bank under EIN 26-1366826 and plan number 501. The latest loaded filing year is 2023. The filing reports 118 participants and $437,552 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
South Atlantic Bank
EIN
26-1366826
Plan number
501
Plan type
2
Location
Myrtle Beach, SC
Latest filing year
2023
Participants
118
End-of-year plan assets
$437,552

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023118H, C20240904154506NAL0019919313002

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$437,552
Total liabilities (EOY)
$112,647
Net assets (EOY)
$324,905
Net assets (BOY)
$533,547

Income & contributions

Employer contributions
$1,322,737
Total contributions
$1,322,737
Total income / additions
$1,392,958

Expenses & distributions

Benefits paid
$1,508,726
Administrative expenses
$92,874
Total expenses
$1,601,600
Net increase / (decrease)
-$208,642

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Blue Cross Blue Shield Of Scnot reported in the loaded dataset$70,253$02023

Related Form 5500 pages