2023 Form 5500 filing — Servisfirst Bank 401(K) Profit Sharing Plan And Trust
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 20241010144355NAL0021274433001) for Servisfirst Bank 401(K) Profit Sharing Plan And Trust, reported by Servisfirst Bank under EIN 20-2451671 and plan number 002. It reports 693 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010144355NAL0021274433001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Servisfirst Bank
- EIN
- 20-2451671
- Plan number
- 002
- Location
- Birmingham, AL
- Participants
- 693
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $57,148,704
- Net assets (EOY)
- $57,148,704
- Employer contributions
- $2,403,930
- Participant contributions
- $4,757,956
- Total income / additions
- $15,937,097
- Benefits paid
- $8,654,840
- Administrative expenses
- $127,714
- Total expenses
- $8,782,554
- Net increase / (decrease)
- $7,154,543
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lincoln Financial Advisors Cor | NONE | $71,785 | not reported in the loaded dataset |
| Schwab Retirement Plan Services,Inc | NONE | $45,674 | not reported in the loaded dataset |
| Envestnet Inc | NONE | $10,225 | not reported in the loaded dataset |