2023 Form 5500 filing — Savings Plan For Employees Of South Banking Company
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240418082647NAL0004164705001) for Savings Plan For Employees Of South Banking Company, reported by South Banking Company under EIN 58-1418696 and plan number 002. It reports 184 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240418082647NAL0004164705001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- South Banking Company
- EIN
- 58-1418696
- Plan number
- 002
- Location
- Alma, GA
- Participants
- 184
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,645,812
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,645,812
- Employer contributions
- $103,468
- Participant contributions
- $571,961
- Total income / additions
- $2,409,460
- Benefits paid
- $1,875,351
- Administrative expenses
- $17,800
- Total expenses
- $1,923,877
- Net increase / (decrease)
- $485,583
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Warren Averett LLC | SERVICE PROVIDER | $13,000 | not reported in the loaded dataset |
| Precision Plan Administration LLC | TPA | $0 | $6,734 |
| Morningstar Investment Management | INVESTMENT ADVISORY | $0 | $1,669 |
| Morningstar Investment Management | INVESTMENT ADVISORY | $424 | not reported in the loaded dataset |