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, Southgroup 401(K) Plan is a benefit plan reported by Southgroup Insurance And Financial Services, LLC under EIN 94-3419819 and plan number 001. The latest loaded filing year is 2023. The filing reports 150 participants and $12,829,949 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,227,992
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,227,992
- Net assets (BOY)
- $12,506,044
Income & contributions
- Employer contributions
- $268,466
- Participant contributions
- $524,879
- Total contributions
- $867,615
- Total income / additions
- $3,151,290
Expenses & distributions
- Benefits paid
- $388,460
- Administrative expenses
- $40,882
- Total expenses
- $429,342
- Net increase / (decrease)
- $2,721,948