State Bank Of Southern Utah Profit Sharing 401(K) Plan — Form 5500 plan (State Bank Of Southern Utah)
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, State Bank Of Southern Utah Profit Sharing 401(K) Plan is a benefit plan reported by State Bank Of Southern Utah under EIN 87-0234702 and plan number 001. The latest loaded filing year is 2023. The filing reports 328 participants and $28,448,269 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- State Bank Of Southern Utah
- EIN
- 87-0234702
- Plan number
- 001
- Plan type
- 2
- Location
- Cedar City, UT
- Latest filing year
- 2023
- Participants
- 328
- End-of-year plan assets
- $28,448,269
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 328 | H, C | 20241001173415NAL0007181393001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $28,448,269
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,448,269
- Net assets (BOY)
- $23,593,148
Income & contributions
- Employer contributions
- $1,061,990
- Participant contributions
- $1,516,644
- Total contributions
- $2,610,033
- Total income / additions
- $7,149,615
Expenses & distributions
- Benefits paid
- $2,285,997
- Administrative expenses
- $8,497
- Total expenses
- $2,294,494
- Net increase / (decrease)
- $4,855,121
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Strategic Advisors, Inc. | ADVISOR | $7,620 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $877 | $0 | 2023 |