Banksouth'S 401(K) Plan — Form 5500 plan (Banksouth)
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, Banksouth'S 401(K) Plan is a benefit plan reported by Banksouth under EIN 58-2267017 and plan number 001. The latest loaded filing year is 2023. The filing reports 374 participants and $31,253,152 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Banksouth
- EIN
- 58-2267017
- Plan number
- 001
- Plan type
- 2
- Location
- Greensboro, GA
- Latest filing year
- 2023
- Participants
- 374
- End-of-year plan assets
- $31,253,152
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 374 | H, C | 20240910101749NAL0005518993001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $31,253,152
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,253,152
- Net assets (BOY)
- $27,426,544
Income & contributions
- Employer contributions
- $928,757
- Participant contributions
- $2,329,967
- Total contributions
- $3,413,129
- Total income / additions
- $7,975,365
Expenses & distributions
- Benefits paid
- $4,139,074
- Administrative expenses
- $9,683
- Total expenses
- $4,148,757
- Net increase / (decrease)
- $3,826,608
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Northwestern Mutual Investment | ADVISOR | $0 | $62,901 | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $9,683 | $0 | 2023 |