Southwest Business Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Southwest Business 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, Southwest Business Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Southwest Business Corporation under EIN 75-1553739 and plan number 002. The latest loaded filing year is 2023. The filing reports 3,065 participants and $253,356,511 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$253.4MPlan net assets, end of year$253,356,511
Participants3.1KCovered participants reported3,065
Assets / participant$82.7KComputed: assets ÷ participants$82,661 (computed)
Provider compensation$323.9K2 Schedule C provider row(s)$323,932
- Plan sponsor
- Southwest Business Corporation
- EIN
- 75-1553739
- Plan number
- 002
- Plan type
- 2
- Location
- San Antonio, TX
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,065 | H, C | 20241015095659NAL0016097027001 |
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)$253.4M total assets
Net assets$253.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $253,356,511
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $253,356,511
- Net assets (BOY)
- $213,821,711
Income & contributions
- Employer contributions
- $4,675,034
- Participant contributions
- $14,880,963
- Total contributions
- $22,799,141
- Total income / additions
- $63,202,594
Expenses & distributions
- Benefits paid
- $23,338,005
- Administrative expenses
- $329,088
- Total expenses
- $23,667,794
- Net increase / (decrease)
- $39,534,800
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
24%76%
Employer 24%Participant 76%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income37%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock | RETAINED BY EMPLOYER | $276,682 | $0 | 2023 |
| Rsmus Llp | NONE | $47,250 | not reported in the loaded dataset | 2023 |