South Georgia Banking Company 401(K) Profit Sharing Plan — Form 5500 plan (South Georgia Banking Company)
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 Georgia Banking Company 401(K) Profit Sharing Plan is a benefit plan reported by South Georgia Banking Company under EIN 58-1022353 and plan number 001. The latest loaded filing year is 2023. The filing reports 167 participants and $16,170,926 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- South Georgia Banking Company
- EIN
- 58-1022353
- Plan number
- 001
- Plan type
- 2
- Location
- Tifton, GA
- Latest filing year
- 2023
- Participants
- 167
- End-of-year plan assets
- $16,170,926
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 167 | H, C | 20241011131211NAL0044398178001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,170,926
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,170,926
- Net assets (BOY)
- $13,530,883
Income & contributions
- Employer contributions
- $442,469
- Participant contributions
- $521,927
- Total contributions
- $1,095,875
- Total income / additions
- $2,913,363
Expenses & distributions
- Benefits paid
- $272,107
- Administrative expenses
- $1,213
- Total expenses
- $273,320
- Net increase / (decrease)
- $2,640,043
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| American Trust Company | NONE | $1,213 | $0 | 2023 |