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Original filing (PDF)20251007132015NAL0007973264001
PEOPLESSOUTH BANCSHARES, INC.
Form 5500
FILING_RECEIVED
PEOPLESSOUTH BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Defined-contribution retirement plan
Signals · 4
100% in single holding100% employer stock~87 bps in Sched C feesNo recordkeeper disclosed
Active participants
146
Accounts w/ balance
178
Plan assets (EOY)
$3.9M
Net assets (EOY)
$3.9M
How this plan invests
This plan
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
79
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
50
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "PeopleSouth Bancshares, Inc. Common Stock 93,975 shares" is 100% of plan.
- 100% of plan in employer / sponsor stock.
- 87 bps in Schedule C fees — 68% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PEOPLESSOUTH BANCSHARES, INC..
Plan sponsor
Name
PEOPLESSOUTH BANCSHARES, INC.
EIN
58-1928833
Address
PO BOX 218 · COLQUITT, GA · 398370218
Phone
(229) 758-5511
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Name
ADMINISTRATIVE COMMITTEE
EIN
58-1928833
City
COLQUITT, GA
Phone
(229) 758-5511
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-07
Pension benefit codes
2I · Stock bonus
2O · ESOP (non-leveraged)
3H · Sponsor in controlled / affiliated group
3I · Requires investment in employer securities
Audit & trust (Schedule H)
Auditor
DRAFFIN & TUCKER, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ARGENT TRUST COMPANY | 62-1437218 | — | NONE | $22K | — |
| TRANSITION FINANCE STRATEGIES | 13-4238973 | — | NONE | $7K | — |
| HOPKINS & HOWARD | 43-1633986 | — | NONE | $6K | — |
Investments
2 direct securities· $3.9M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| PeopleSouth Bancshares, Inc. Common Stock 93,975 shares | — | — | $1.7M | $3.9M | 99.8% | |
| Fidelity Investments Money Market Funds | — | — | $5K | $5K | 0.1% |