| Plan Name | THE SOUTHERN BANK COMPANY 401(K) PLAN |
| Plan identification number | 001 |
| 401k Plan Type | Defined Contribution Pension |
| Plan Features/Benefits |
|
| 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
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|---|---|---|---|---|
| 001 | 2023-01-01 | JENNIFER WOOD | 2024-05-24 | ||
| 001 | 2022-01-01 | GATES LITTLE | 2023-06-28 | ||
| 001 | 2021-01-01 | GATES LITTLE | 2022-07-29 | ||
| 001 | 2020-01-01 | GATES LITTLE | 2021-07-16 | ||
| 001 | 2019-01-01 | TERESA ELKINS | 2020-05-08 | ||
| 001 | 2018-01-01 | TERESA ELKINS | 2019-10-09 | ||
| 001 | 2017-01-01 | TERESA ELKINS | 2018-05-23 | ||
| 001 | 2016-01-01 | TERESA ELKINS | 2017-06-06 | ||
| 001 | 2015-01-01 | TERESA ELKINS | 2016-04-29 | ||
| 001 | 2014-01-01 | TERESA ELKINS | 2015-06-30 | ||
| 001 | 2013-01-01 | TERESA ELKINS | 2014-05-07 | ||
| 001 | 2012-01-01 | TERESA ELKINS | 2013-07-10 | ||
| 001 | 2011-01-01 | TERESA ELKINS | 2012-05-08 | ||
| 001 | 2010-01-01 | TERESA ELKINS | 2011-07-28 |
| Measure | Date | Value |
|---|---|---|
| 2025 : THE SOUTHERN BANK COMPANY 401(K) PLAN 2025 401k financial data | ||
| Total liabilities as of the end of the plan year | 2025-03-21 | 0 |
| Total expenses incurred by plan in this plan year | 2025-03-21 | 56232 |
| Net assets as of the end of the plan year | 2025-03-21 | 3049243 |
| Total assets as of the beginning of the plan year | 2025-03-21 | 2542206 |
| Value of plan covered by a fidelity bond | 2025-03-21 | 3000000 |
| Participant contributions to plan in this plan year | 2025-03-21 | 128561 |
| Other expenses paid from plan in this plan year | 2025-03-21 | 0 |
| Other contributions to plan in this plan year | 2025-03-21 | 0 |
| Other income to plan in this plan year | 2025-03-21 | 341070 |
| Plan net income in this plan year | 2025-03-21 | 507037 |
| Net assets as of the end of the plan year | 2025-03-21 | 3049243 |
| Net assets as of the beginning of the plan year | 2025-03-21 | 2542206 |
| Employer contributions to plan in this plan year | 2025-03-21 | 93638 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-03-21 | 17605 |
| 2024 : THE SOUTHERN BANK COMPANY 401(K) PLAN 2024 401k financial data | ||
| Total liabilities as of the beginning of the plan year | 2024-05-24 | 0 |
| Total expenses incurred by plan in this plan year | 2024-05-24 | 78881 |
| Net assets as of the end of the plan year | 2024-05-24 | 2542206 |
| Total assets as of the beginning of the plan year | 2024-05-24 | 2070891 |
| Value of plan covered by a fidelity bond | 2024-05-24 | 3000000 |
| Participant contributions to plan in this plan year | 2024-05-24 | 122469 |
| Other income to plan in this plan year | 2024-05-24 | 341340 |
| Plan net income in this plan year | 2024-05-24 | 471315 |
| Net assets as of the end of the plan year | 2024-05-24 | 2542206 |
| Net assets as of the beginning of the plan year | 2024-05-24 | 2070891 |
| Employer contributions to plan in this plan year | 2024-05-24 | 86387 |