Southwest Bank 401k Plan — Form 5500 plan (Southwest 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, Southwest Bank 401k Plan is a benefit plan reported by Southwest Bank under EIN 75-0749819 and plan number 001. The latest loaded filing year is 2023. The filing reports 128 participants and $12,134,708 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Southwest Bank
- EIN
- 75-0749819
- Plan number
- 001
- Plan type
- 2
- Location
- Odessa, TX
- Latest filing year
- 2023
- Participants
- 128
- End-of-year plan assets
- $12,134,708
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 128 | H, C | 20240816160630NAL0008154739001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,134,708
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $12,134,708
- Net assets (BOY)
- $9,975,924
Income & contributions
- Employer contributions
- $488,092
- Participant contributions
- $681,748
- Total contributions
- $1,271,450
- Total income / additions
- $2,843,400
Expenses & distributions
- Benefits paid
- $661,281
- Administrative expenses
- $23,335
- Total expenses
- $684,616
- Net increase / (decrease)
- $2,158,784
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock | NONE | $1,760 | not reported in the loaded dataset | 2023 |