Sulphur Springs Bancshares, Inc. Employee Stock Ownership Plan With 401(K) Provisions — Form 5500 plan (Sulphur Springs 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, Sulphur Springs Bancshares, Inc. Employee Stock Ownership Plan With 401(K) Provisions is a benefit plan reported by Sulphur Springs Bancshares, Inc. under EIN 75-1983358 and plan number 001. The latest loaded filing year is 2023. The filing reports 331 participants and $25,566,583 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Sulphur Springs Bancshares, Inc.
EIN
75-1983358
Plan number
001
Plan type
2
Location
Sulphur Springs, TX
Latest filing year
2023
Participants
331
End-of-year plan assets
$25,566,583

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023331H, C20240926105721NAL0001037072001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$25,566,583
Total liabilities (EOY)
$8,939
Net assets (EOY)
$25,557,644
Net assets (BOY)
$24,263,919

Income & contributions

Employer contributions
$358,778
Participant contributions
$974,269
Total contributions
$1,388,219
Total income / additions
$3,824,633

Expenses & distributions

Benefits paid
$2,456,183
Administrative expenses
$74,725
Total expenses
$2,530,908
Net increase / (decrease)
$1,293,725

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Bok Financial Asset Management, IncNONE$67,774not reported in the loaded dataset2023
Charles Schwab Trust BankNONE$6,952$1552023

Related Form 5500 pages