Southern First Bank 401(K) Plan — Form 5500 plan (Southern First Bank)
Plain-English plan 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, Southern First Bank 401(K) Plan is a benefit plan reported by Southern First Bank under EIN 56-2184826 and plan number 001. The latest loaded filing year is 2023. The filing reports 369 participants and $26,576,769 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Southern First Bank
- EIN
- 56-2184826
- Plan number
- 001
- Plan type
- 2
- Location
- Greenville, SC
- Latest filing year
- 2023
- Participants
- 369
- End-of-year plan assets
- $26,576,769
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 369 | H, C | 20240822141427NAL0005205441001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,576,769
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,576,769
- Net assets (BOY)
- $20,679,798
Income & contributions
- Employer contributions
- $1,137,958
- Participant contributions
- $2,326,099
- Total contributions
- $3,934,656
- Total income / additions
- $8,175,780
Expenses & distributions
- Benefits paid
- $2,183,756
- Administrative expenses
- $95,053
- Total expenses
- $2,278,809
- Net increase / (decrease)
- $5,896,971
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $49,466 | $0 | 2023 |
| Capfinancial Partners LLC Dba Captr | INVESTMENT ADVISOR | $45,587 | not reported in the loaded dataset | 2023 |