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THE SOUTHERN BANK COMPANY 401(K) PLAN 401k Plan overview

Plan NameTHE SOUTHERN BANK COMPANY 401(K) PLAN
Plan identification number 001

THE SOUTHERN BANK COMPANY 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE SOUTHERN BANK COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE SOUTHERN BANK COMPANY
Employer identification number (EIN):630073430
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about THE SOUTHERN BANK COMPANY

Jurisdiction of Incorporation: Alabama Secretary of State
Incorporation Date: 2008-06-30
Company Identification Number: 820-087
Legal Registered Office Address: 221 S 6TH STREET GADSDEN,


United States of America (USA)
35901

More information about THE SOUTHERN BANK COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE SOUTHERN BANK COMPANY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JENNIFER WOOD2024-05-24
0012022-01-01GATES LITTLE2023-06-28
0012021-01-01GATES LITTLE2022-07-29
0012020-01-01GATES LITTLE2021-07-16
0012019-01-01TERESA ELKINS2020-05-08
0012018-01-01TERESA ELKINS2019-10-09
0012017-01-01TERESA ELKINS2018-05-23
0012016-01-01TERESA ELKINS2017-06-06
0012015-01-01TERESA ELKINS2016-04-29
0012014-01-01TERESA ELKINS2015-06-30
0012013-01-01TERESA ELKINS2014-05-07
0012012-01-01TERESA ELKINS2013-07-10
0012011-01-01TERESA ELKINS2012-05-08
0012010-01-01TERESA ELKINS2011-07-28

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