2023 Form 5500 filing — Sulphur Springs Bancshares, Inc. Employee Stock Ownership Plan With 401(K) Provisions
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 20240926105721NAL0001037072001) for Sulphur Springs Bancshares, Inc. Employee Stock Ownership Plan With 401(K) Provisions, reported by Sulphur Springs Bancshares, Inc. under EIN 75-1983358 and plan number 001. It reports 331 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926105721NAL0001037072001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sulphur Springs Bancshares, Inc.
- EIN
- 75-1983358
- Plan number
- 001
- Location
- Sulphur Springs, TX
- Participants
- 331
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $25,566,583
- Total liabilities (EOY)
- $8,939
- Net assets (EOY)
- $25,557,644
- Employer contributions
- $358,778
- Participant contributions
- $974,269
- Total income / additions
- $3,824,633
- Benefits paid
- $2,456,183
- Administrative expenses
- $74,725
- Total expenses
- $2,530,908
- Net increase / (decrease)
- $1,293,725
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Bok Financial Asset Management, Inc | NONE | $67,774 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | NONE | $6,952 | $155 |