Savings Plan For Employees Of South Banking Company — Form 5500 plan (South Banking 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, Savings Plan For Employees Of South Banking Company is a benefit plan reported by South Banking Company under EIN 58-1418696 and plan number 002. The latest loaded filing year is 2023. The filing reports 184 participants and $13,645,812 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- South Banking Company
- EIN
- 58-1418696
- Plan number
- 002
- Plan type
- 3
- Location
- Alma, GA
- Latest filing year
- 2023
- Participants
- 184
- End-of-year plan assets
- $13,645,812
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 184 | H, C | 20240418082647NAL0004164705001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,645,812
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,645,812
- Net assets (BOY)
- $13,160,229
Income & contributions
- Employer contributions
- $103,468
- Participant contributions
- $571,961
- Total contributions
- $823,757
- Total income / additions
- $2,409,460
Expenses & distributions
- Benefits paid
- $1,875,351
- Administrative expenses
- $17,800
- Total expenses
- $1,923,877
- Net increase / (decrease)
- $485,583
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Warren Averett LLC | SERVICE PROVIDER | $13,000 | not reported in the loaded dataset | 2023 |
| Precision Plan Administration LLC | TPA | $0 | $6,734 | 2023 |
| Morningstar Investment Management | INVESTMENT ADVISORY | $0 | $1,669 | 2023 |
| Morningstar Investment Management | INVESTMENT ADVISORY | $424 | not reported in the loaded dataset | 2023 |