Plan5500

South Carolina Bankers Employee Benefit Trust — Form 5500 plan (The Citizens 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, South Carolina Bankers Employee Benefit Trust is a benefit plan reported by The Citizens Bank under EIN 57-0874845 and plan number 501. The latest loaded filing year is 2023. The filing reports 131 participants and $424,586 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
The Citizens Bank
EIN
57-0874845
Plan number
501
Plan type
2
Location
Olanta, SC
Latest filing year
2023
Participants
131
End-of-year plan assets
$424,586

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023131H, C20241003073006NAL0009537377001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$424,586
Total liabilities (EOY)
$109,309
Net assets (EOY)
$315,277
Net assets (BOY)
$586,899

Income & contributions

Employer contributions
$1,283,544
Total contributions
$1,283,544
Total income / additions
$1,300,771

Expenses & distributions

Benefits paid
$1,451,183
Administrative expenses
$121,210
Total expenses
$1,572,393
Net increase / (decrease)
-$271,622

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Blue Cross Blue Shield Of ScNONE$68,171$02023

Related Form 5500 pages