Who sponsors the Southern First Bank 401(K) Plan?

Southern First Bank 401(K) Plan is reported as sponsored by Southern First Bank (EIN 56-2184826, plan number 001) in public Form 5500 filings.

What is the most recent Form 5500 filing year for Southern First Bank 401(K) Plan?

The latest Form 5500 filing year loaded for Southern First Bank 401(K) Plan is 2023.

How many participants does Southern First Bank 401(K) Plan report?

Southern First Bank 401(K) Plan reports 369 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for Southern First Bank 401(K) Plan?

Southern First Bank 401(K) Plan reports $26,576,769 in end-of-year plan assets in its latest loaded Form 5500 filing.

Southern First Bank 401(K) Plan — Form 5500 plan (Southern First 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, Southern First Bank 401(K) Plan is a benefit plan reported by Southern First Bank under EIN 56-2184826 and plan number 001. The latest loaded filing year is 2023. The filing reports 369 participants and $26,576,769 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$26.6MPlan net assets, end of year$26,576,769

Participants369Covered participants reported

Assets / participant$72KComputed: assets ÷ participants$72,024 (computed)

Provider compensation$95.1K2 Schedule C provider row(s)$95,053

Plan sponsor: Southern First Bank
EIN: 56-2184826
Plan number: 001
Plan type: 2
Location: Greenville, SC
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	369	H, C	20240822141427NAL0005205441001

Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$26.6M total assets

Net assets$26.6MLiabilities$0

Money in vs. money out

Total income / additions$8.2M

Total expenses$2.3M

Benefits paid / distributions$2.2M

Contributions

Employer$1.1M

Participant$2.3M

Full reported line items

Net assets

Total assets (EOY): $26,576,769
Total liabilities (EOY): $0
Net assets (EOY): $26,576,769
Net assets (BOY): $20,679,798

Income & contributions

Employer contributions: $1,137,958
Participant contributions: $2,326,099
Total contributions: $3,934,656
Total income / additions: $8,175,780

Expenses & distributions

Benefits paid: $2,183,756
Administrative expenses: $95,053
Total expenses: $2,278,809
Net increase / (decrease): $5,896,971

Service provider compensation (Schedule C)

Reported service provider compensation
Provider	Service	Direct comp.	Indirect comp.	Year
Empower Annuity Insurance Company O	RECORDKEEPER	$49,466	$0	2023
Capfinancial Partners LLC Dba Captr	INVESTMENT ADVISOR	$45,587	not reported in the loaded dataset	2023