Teksouth Corporation 401(K) Plan — Form 5500 plan (Teksouth Corporation)
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, Teksouth Corporation 401(K) Plan is a benefit plan reported by Teksouth Corporation under EIN 63-0847337 and plan number 001. The latest loaded filing year is 2023. The filing reports 194 participants and $14,537,654 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Teksouth Corporation
- EIN
- 63-0847337
- Plan number
- 001
- Plan type
- 2
- Location
- Gardendale, AL
- Latest filing year
- 2023
- Participants
- 194
- End-of-year plan assets
- $14,537,654
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 194 | H, C | 20241014105607NAL0051952642001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,537,654
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,537,654
- Net assets (BOY)
- $12,613,718
Income & contributions
- Employer contributions
- $183,929
- Participant contributions
- $1,092,429
- Total contributions
- $1,401,246
- Total income / additions
- $3,431,276
Expenses & distributions
- Benefits paid
- $1,433,446
- Administrative expenses
- $73,894
- Total expenses
- $1,507,340
- Net increase / (decrease)
- $1,923,936
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Interocean Capital Group LLC | INVESTMENT ADVISORY | $54,246 | not reported in the loaded dataset | 2023 |
| Pcs | RECORDKEEPER | $19,648 | not reported in the loaded dataset | 2023 |