Plan5500

Grandsouth Bank 401(K) Plan — Form 5500 plan (Grandsouth 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, Grandsouth Bank 401(K) Plan is a benefit plan reported by Grandsouth Bank under EIN 57-1064274 and plan number 001. The latest loaded filing year is 2023. The filing reports 268 participants and $977,943 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Grandsouth Bank
EIN
57-1064274
Plan number
001
Plan type
2
Location
Greenville, SC
Latest filing year
2023
Participants
268
End-of-year plan assets
$977,943

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023268H, C20240906091023NAL0001450240001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$977,943
Total liabilities (EOY)
$0
Net assets (EOY)
$977,943
Net assets (BOY)
$14,827,082

Income & contributions

Total contributions
$0
Total income / additions
$889,631

Expenses & distributions

Benefits paid
$1,996,078
Administrative expenses
$15,292
Total expenses
$2,011,370
Net increase / (decrease)
-$1,121,739

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Truist Investment Services Inc.INVESTMENT ADVISOR$15,084not reported in the loaded dataset2023

Related Form 5500 pages