South Central Bank 401(K) Plan — Form 5500 plan (South Central Bank, Inc.)
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 Central Bank 401(K) Plan is a benefit plan reported by South Central Bank, Inc. under EIN 61-0126170 and plan number 001. The latest loaded filing year is 2023. The filing reports 301 participants and $16,429,041 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- South Central Bank, Inc.
- EIN
- 61-0126170
- Plan number
- 001
- Plan type
- 2
- Location
- Glasgow, KY
- Latest filing year
- 2023
- Participants
- 301
- End-of-year plan assets
- $16,429,041
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 301 | H, C | 20241014123551NAL0014929379001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,429,041
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,429,041
- Net assets (BOY)
- $15,422,506
Income & contributions
- Employer contributions
- $433,705
- Participant contributions
- $1,025,325
- Total contributions
- $1,691,033
- Total income / additions
- $4,049,661
Expenses & distributions
- Benefits paid
- $3,032,818
- Administrative expenses
- $10,308
- Total expenses
- $3,043,126
- Net increase / (decrease)
- $1,006,535
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pension Corporation Of America | NONE | $6,415 | $48,382 | 2023 |
| Charles Schwab Trust Bank | NONE | $0 | $5,396 | 2023 |
| Pca Investment Advisory Services | NONE | $3,892 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for South Central Bank, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in KY
- 401(k) and benefit plan filings in Glasgow, KY
- Pension Corporation Of America — Schedule C compensation
- Charles Schwab Trust Bank — Schedule C compensation
- Pca Investment Advisory Services — Schedule C compensation