2023 Form 5500 filing — South Community Inc. 401(K) Retirement 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 20250414132832NAL0000760243001) for South Community Inc. 401(K) Retirement Plan, reported by South Community Inc. under EIN 31-0840585 and plan number 001. It reports 416 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250414132832NAL0000760243001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- South Community Inc.
- EIN
- 31-0840585
- Plan number
- 001
- Location
- Moraine, OH
- Participants
- 416
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $18,375,393
- Total liabilities (EOY)
- $24,437
- Net assets (EOY)
- $18,350,956
- Employer contributions
- $349,048
- Participant contributions
- $1,179,928
- Total income / additions
- $3,786,428
- Benefits paid
- $1,391,174
- Administrative expenses
- $113,828
- Total expenses
- $1,505,002
- Net increase / (decrease)
- $2,281,426
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Stancorp Financial Group | NONE | $73,092 | $9,912 |
| Horan Securities, Inc. | NONE | $40,736 | not reported in the loaded dataset |
| Charles Schwab Trust Bank | NONE | $0 | $5,502 |