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FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN 401k Plan overview

Plan NameFIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN
Plan identification number 003

FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

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

Company Name:FIRST SOUTHERN BANK
Employer identification number (EIN):630074813
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about FIRST SOUTHERN BANK

Jurisdiction of Incorporation: Alabama Secretary of State
Incorporation Date: 1995-06-09
Company Identification Number: 172-407
Legal Registered Office Address: 301 S COURT ST FLORENCE,


United States of America (USA)
35630

More information about FIRST SOUTHERN BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01JOSEPH BEAVER2024-05-21
0032022-01-01JOSEPH BEAVER2023-10-09
0032021-01-01JOSEPH BEAVER2022-10-14
0032020-01-01JOSEPH BEAVER2021-10-15
0032020-01-01JOSEPH BEAVER2022-05-25
0032019-01-01CHERYL BEHEL2020-09-03
0032018-01-01CHERYL BEHEL2019-10-15
0032018-01-01CHERYL BEHEL2020-02-12
0032017-01-01RODERICK SCHLOSSER2018-10-09
0032016-01-01RODERICK SCHLOSSER2017-10-12
0032015-01-01RODERICK V. SCHLOSSER2016-08-02
0032014-01-01RODERICK V. SCHLOSSER2015-07-27
0032013-01-01RODERICK V. SCHLOSSER2014-10-10 RODERICK V. SCHLOSSER2014-10-10
0032012-01-01RODERICK V. SCHLOSSER2013-10-11
0032011-01-01RODERICK V. SCHLOSSER2012-09-28 RODERICK V. SCHLOSSER2012-09-28
0032010-01-01RODERICK V. SCHLOSSER2011-09-27

Plan Statistics for FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN

401k plan membership statisitcs for FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN

Measure Date Value
2025: FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-09-10126
Total number of particpants at end of year2025-09-10124
Number of Participants With Account Balances2025-09-10104
Total number of particpants at beginning of year2025-08-08126
Total number of particpants at end of year2025-08-08124
Number of Participants With Account Balances2025-08-08104
2024: FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-21117
Total number of particpants at end of year2024-05-21118
Number of Participants With Account Balances2024-05-21104

Financial Data on FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN

Measure Date Value
2025 : FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-09-100
Total liabilities as of the beginning of the plan year2025-09-100
Total expenses incurred by plan in this plan year2025-09-101040669
Net assets as of the end of the plan year2025-09-107247608
Total assets as of the beginning of the plan year2025-09-106812093
Value of plan covered by a fidelity bond2025-09-105000000
Participant contributions to plan in this plan year2025-09-10323652
Value of participant loans at end of plan year2025-09-1068630
Other expenses paid from plan in this plan year2025-09-100
Other contributions to plan in this plan year2025-09-10280013
Other income to plan in this plan year2025-09-10617859
Plan net income in this plan year2025-09-10435515
Net assets as of the end of the plan year2025-09-107247608
Net assets as of the beginning of the plan year2025-09-106812093
Employer contributions to plan in this plan year2025-09-10254660
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-105145
Total liabilities as of the end of the plan year2025-08-080
Total liabilities as of the beginning of the plan year2025-08-080
Total expenses incurred by plan in this plan year2025-08-081040669
Net assets as of the end of the plan year2025-08-087247608
Total assets as of the beginning of the plan year2025-08-086812093
Value of plan covered by a fidelity bond2025-08-085000000
Participant contributions to plan in this plan year2025-08-08323652
Value of participant loans at end of plan year2025-08-0868630
Other expenses paid from plan in this plan year2025-08-080
Other contributions to plan in this plan year2025-08-08280013
Other income to plan in this plan year2025-08-08617859
Plan net income in this plan year2025-08-08435515
Net assets as of the end of the plan year2025-08-087247608
Net assets as of the beginning of the plan year2025-08-086812093
Employer contributions to plan in this plan year2025-08-08254660
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-085145
2024 : FIRST SOUTHERN BANCSHARES 401K SAVINGS PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-210
Total liabilities as of the end of the plan year2024-05-210
Total liabilities as of the beginning of the plan year2024-05-210
Total expenses incurred by plan in this plan year2024-05-21393473
Net assets as of the end of the plan year2024-05-216812093
Total assets as of the beginning of the plan year2024-05-215941939
Value of plan covered by a fidelity bond2024-05-21500000
Participant contributions to plan in this plan year2024-05-21269535
Value of participant loans at end of plan year2024-05-2149966
Other expenses paid from plan in this plan year2024-05-210
Other contributions to plan in this plan year2024-05-2123726
Other income to plan in this plan year2024-05-21744655
Plan net income in this plan year2024-05-21870154
Net assets as of the end of the plan year2024-05-216812093
Net assets as of the beginning of the plan year2024-05-215941939
Employer contributions to plan in this plan year2024-05-21225711
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-2115808

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