South Carolina Legal Services 401(K) Profit Sharing Plan — Form 5500 plan (South Carolina Legal Services)

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, South Carolina Legal Services 401(K) Profit Sharing Plan is a benefit plan reported by South Carolina Legal Services under EIN 57-0485205 and plan number 003. The latest loaded filing year is 2023. The filing reports 136 participants and $15,891,968 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$15.9MPlan net assets, end of year$15,891,968
Participants136Covered participants reported
Assets / participant$116.9KComputed: assets ÷ participants$116,853 (computed)
Provider compensation$37K2 Schedule C provider row(s)$37,016
Plan sponsor
South Carolina Legal Services
EIN
57-0485205
Plan number
003
Plan type
2
Location
Columbia, SC
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023136H, C20241011163305NAL0011184483001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$15.9M total assets
Net assets$15.9MLiabilities$0
Money in vs. money out
Total income / additions$3M
Total expenses$1.1M
Benefits paid / distributions$1.1M
Contributions
Employer$371.5K
Participant$559K
Full reported line items

Net assets

Total assets (EOY)
$15,891,968
Total liabilities (EOY)
$0
Net assets (EOY)
$15,891,968
Net assets (BOY)
$14,012,049

Income & contributions

Employer contributions
$371,491
Participant contributions
$558,961
Total contributions
$930,452
Total income / additions
$2,973,110

Expenses & distributions

Benefits paid
$1,089,114
Administrative expenses
$1,150
Total expenses
$1,093,191
Net increase / (decrease)
$1,879,919
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 40%Participant 60%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income37%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Morgan Stanley Smith BarneyADVISOR$0$35,8662023
Fidelity Investments InstitutionalRECORDKEEPER$1,150$02023

Related Form 5500 pages