Southco Distributing Company 401(K) Retirement Plan — Form 5500 plan (Southco Distributing 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, Southco Distributing Company 401(K) Retirement Plan is a benefit plan reported by Southco Distributing Company under EIN 56-1295080 and plan number 001. The latest loaded filing year is 2023. The filing reports 171 participants and $8,782,192 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Southco Distributing Company
- EIN
- 56-1295080
- Plan number
- 001
- Plan type
- 2
- Location
- Goldsboro, NC
- Latest filing year
- 2023
- Participants
- 171
- End-of-year plan assets
- $8,782,192
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 171 | H, C | 20250501152325NAL0003319905001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,782,192
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,782,192
- Net assets (BOY)
- $7,663,829
Income & contributions
- Employer contributions
- $401,375
- Participant contributions
- $507,503
- Total contributions
- $908,878
- Total income / additions
- $1,913,562
Expenses & distributions
- Benefits paid
- $790,450
- Administrative expenses
- $4,749
- Total expenses
- $795,199
- Net increase / (decrease)
- $1,118,363
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Clearing Services LLC | ADVISOR | $0 | $24,845 | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $4,748 | $0 | 2023 |