2023 Form 5500 filing — Southern First Bank 401(K) Plan
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 20240822141427NAL0005205441001) for Southern First Bank 401(K) Plan, reported by Southern First Bank under EIN 56-2184826 and plan number 001. It reports 369 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240822141427NAL0005205441001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Southern First Bank
- EIN
- 56-2184826
- Plan number
- 001
- Location
- Greenville, SC
- Participants
- 369
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,576,769
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,576,769
- Employer contributions
- $1,137,958
- Participant contributions
- $2,326,099
- Total income / additions
- $8,175,780
- Benefits paid
- $2,183,756
- Administrative expenses
- $95,053
- Total expenses
- $2,278,809
- Net increase / (decrease)
- $5,896,971
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $49,466 | $0 |
| Capfinancial Partners LLC Dba Captr | INVESTMENT ADVISOR | $45,587 | not reported in the loaded dataset |