Back to filter
Original filing (PDF)20250130064831NAL0000423681001
FIRST SOUTHERN STATE BANK
Form 5500-SF
FILING_RECEIVED
FIRST SOUTHERN STATE BANK 401(K) PLAN
401(k) retirement plan
Signals · 1
No auditor on file
Active participants
125
Accounts w/ balance
87
Plan assets (EOY)
$5.7M
Net assets (EOY)
$5.7M
Plan health score (directional)
74
/ 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
60
Concentration risk
75
Total plan cost
75
Vendor stack
100
Participation health
80
Knocking points off
- No independent qualified public accountant (IQPA) named.
- 70% balance-to-active ratio — below typical for a healthy 401(k).
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FIRST SOUTHERN STATE BANK.
Plan sponsor
Name
FIRST SOUTHERN STATE BANK
EIN
63-0201467
Address
80 BANK STREET · STEVENSON, AL · 35772
Phone
(256) 437-2171
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-01-30
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
—
Trustee / custodian
—
Trustee phone
—
Small plan (5500-SF) — Schedule H data not available.
Service providers (Schedule C)
Small plans don't disclose service providersRelated plans
Similar-size Commercial Banking plans
FIRST NATIONAL BANK OF ONEIDA
FIRST NATIONAL BANK OF ONEIDA EMPLOYEES 401(K) RETIREMENT PLAN
$5.7M · 54 participants
THE BANK OF KAUKAUNA
BANK OF KAUKAUNA 401(K) PLAN
$5.7M · 36 participants
ALAMOSA STATE BANK
ALAMOSA STATE BANK 401(K) RETIREMENT PLAN
$5.7M · 33 participants
1ST STATE BANK
1ST STATE BANK 401(K) PROFIT SHARING PLAN
$5.7M · 70 participants
FIRST OPTION BANK
FIRST OPTION BANK 401(K) PLAN
$5.7M · 117 participants
BANK OF MAYSVILLE
BANK OF MAYSVILLE PROFIT SHARING AND 401(K) PLAN
$5.7M · 24 participants
Large plans in Alabama
REGIONS FINANCIAL CORPORATION
REGIONS FINANCIAL CORPORATION 401(K) PLAN
$3.2B · 20,137 participants
ENCOMPASS HEALTH CORPORATION
ENCOMPASS HEALTH CORPORATION 401(K) RETIREMENT PLAN
$1.7B · 26,914 participants
INTERGRAPH CORPORATION
HEXAGON EMPLOYEE RETIREMENT SAVINGS PLAN
$1.7B · 4,613 participants
UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION, PC
UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION P.C. 403(B) RETIREMENT ANNUITY PLAN
$1.6B · 5,019 participants
VULCAN MATERIALS COMPANY
VULCAN 401K PLAN
$1.5B · 9,218 participants
MERCEDES-BENZ U.S. INTERNATIONAL, INC.
MERCEDES-BENZ U.S. INTERNATIONAL, INC. RETIREMENT AND SAVINGS PLAN
$1.2B · 6,107 participants