2023 Form 5500 filing — Grandsouth 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 20240906091023NAL0001450240001) for Grandsouth Bank 401(K) Plan, reported by Grandsouth Bank under EIN 57-1064274 and plan number 001. It reports 268 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240906091023NAL0001450240001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Grandsouth Bank
- EIN
- 57-1064274
- Plan number
- 001
- Location
- Greenville, SC
- Participants
- 268
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $977,943
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $977,943
- Total income / additions
- $889,631
- Benefits paid
- $1,996,078
- Administrative expenses
- $15,292
- Total expenses
- $2,011,370
- Net increase / (decrease)
- -$1,121,739
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Truist Investment Services Inc. | INVESTMENT ADVISOR | $15,084 | not reported in the loaded dataset |