The Capital Accumulation Plan For The Employees Of Southern Bank And Trust — Form 5500 plan (Southern Bank And Trust Company)
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, The Capital Accumulation Plan For The Employees Of Southern Bank And Trust is a benefit plan reported by Southern Bank And Trust Company under EIN 56-0132260 and plan number 002. The latest loaded filing year is 2023. The filing reports 228 participants and $37,138,256 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Southern Bank And Trust Company
- EIN
- 56-0132260
- Plan number
- 002
- Plan type
- 2
- Location
- Mount Olive, NC
- Latest filing year
- 2023
- Participants
- 228
- End-of-year plan assets
- $37,138,256
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 228 | H, C | 20241004094007NAL0012058161001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $37,138,256
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,138,256
- Net assets (BOY)
- $33,065,647
Income & contributions
- Employer contributions
- $503,892
- Participant contributions
- $937,369
- Total contributions
- $1,441,261
- Total income / additions
- $6,337,216
Expenses & distributions
- Benefits paid
- $2,233,828
- Administrative expenses
- $30,779
- Total expenses
- $2,264,607
- Net increase / (decrease)
- $4,072,609
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| First-Citizens Bank & Trust Co | NONE | $30,824 | not reported in the loaded dataset | 2023 |