Savings Plan For The Subsidiaries Of Southside Bancshares, Inc. — Form 5500 plan (Southside Bancshares, Inc.)

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 The Subsidiaries Of Southside Bancshares, Inc. is a benefit plan reported by Southside Bancshares, Inc. under EIN 75-1848732 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,041 participants and $65,258,235 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Southside Bancshares, Inc.
EIN
75-1848732
Plan number
002
Plan type
2
Location
Tyler, TX
Latest filing year
2023
Participants
1,041
End-of-year plan assets
$65,258,235

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,041H, C20240626144132NAL0012282000001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$65,258,235
Total liabilities (EOY)
$0
Net assets (EOY)
$65,258,235
Net assets (BOY)
$53,873,356

Income & contributions

Employer contributions
$2,226,459
Participant contributions
$4,794,158
Total contributions
$8,660,277
Total income / additions
$16,668,281

Expenses & distributions

Benefits paid
$5,149,933
Administrative expenses
$132,763
Total expenses
$5,283,402
Net increase / (decrease)
$11,384,879

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$127,901$02023
Wilshire Advisors LLCINVESTMENT ADVISORY$0$02023

Related Form 5500 pages