Independent Southern Bancshares, Inc. Amended And Restated Profit Sharing/401(K) Plan — Form 5500 plan (Independent Southern Bancshares 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, Independent Southern Bancshares, Inc. Amended And Restated Profit Sharing/401(K) Plan is a benefit plan reported by Independent Southern Bancshares Inc under EIN 62-1206284 and plan number 001. The latest loaded filing year is 2023. The filing reports 132 participants and $14,704,754 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Independent Southern Bancshares Inc
- EIN
- 62-1206284
- Plan number
- 001
- Plan type
- 2
- Location
- Brownsville, TN
- Latest filing year
- 2023
- Participants
- 132
- End-of-year plan assets
- $14,704,754
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 132 | H, C | 20241212072744NAL0007701011001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,704,754
- Net assets (EOY)
- $14,704,754
- Net assets (BOY)
- $12,911,864
Income & contributions
- Employer contributions
- $346,766
- Participant contributions
- $472,174
- Total contributions
- $1,007,745
- Total income / additions
- $2,373,886
Expenses & distributions
- Benefits paid
- $573,612
- Administrative expenses
- $7,384
- Total expenses
- $580,996
- Net increase / (decrease)
- $1,792,890
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cambridge Investment Research Inc | BROKER/DEALER | $0 | $8,825 | 2023 |
| Retirement Management Services, LLC | TPA | $1,550 | $5,792 | 2023 |
| Morningstar Investment Management | SERVICE PROVIDER | $2,242 | $4,410 | 2023 |
| Voya Retirement Ins & Annuity Co | SERVICE PROVIDER | $3,642 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Independent Southern Bancshares Inc
- 2023 Form 5500 filing
- Form 5500 filings in TN
- 401(k) and benefit plan filings in Brownsville, TN
- Cambridge Investment Research Inc — Schedule C compensation
- Retirement Management Services, LLC — Schedule C compensation
- Morningstar Investment Management — Schedule C compensation
- Voya Retirement Ins & Annuity Co — Schedule C compensation