2023 Form 5500 filing — South Central 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 20241014123551NAL0014929379001) for South Central Bank 401(K) Plan, reported by South Central Bank, Inc. under EIN 61-0126170 and plan number 001. It reports 301 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014123551NAL0014929379001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- South Central Bank, Inc.
- EIN
- 61-0126170
- Plan number
- 001
- Location
- Glasgow, KY
- Participants
- 301
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,429,041
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,429,041
- Employer contributions
- $433,705
- Participant contributions
- $1,025,325
- Total income / additions
- $4,049,661
- Benefits paid
- $3,032,818
- Administrative expenses
- $10,308
- Total expenses
- $3,043,126
- Net increase / (decrease)
- $1,006,535
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pension Corporation Of America | NONE | $6,415 | $48,382 |
| Charles Schwab Trust Bank | NONE | $0 | $5,396 |
| Pca Investment Advisory Services | NONE | $3,892 | not reported in the loaded dataset |