401(k) · DOL Form 5500 · 2023
SIMPLYBANK 401(k) Plan
Data updated 2026-08-25
- $10M
- Total assets Small plan by assets
- 120
- Participants Small participant base
- 58th
- Percentile by assets National rank
- $79,960
- Avg per participant Below avg balance/head
Official DOL plan name: Simplybank 401(k) Plan · Sponsored by SIMPLYBANK · Tennessee · Finance & Insurance
$10M in assets, 120 participants
SIMPLYBANK's Simplybank 401(k) Plan reported $10M in total assets and 120 participants in its 2023 DOL Form 5500 filing, ranking in the 58th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #3,755 in Finance & Insurance (8,869 peers)
Coverage in Tennessee
Simplybank 401(k) Plan covers 120 participants in Tennessee, about 11% of the average Tennessee filer (state average ~1,126 per filing). Assets: $10M.
- #3,755
- in Finance & Insurance (8,869 peers)
- +9.1%
- assets growth YoY
Simplybank 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers
Simplybank 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$9,595,171 Top 42% higher than 58% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Simplybank 401(k) Plan among mid-size filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Simplybank 401(k) Plan sits mid-pack in the medium band (120 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Simplybank 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $798K in the plan year 2023 filing.
- Simplybank 401(k) Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.
- Simplybank 401(k) Plan reported participants fell from 128 in the plan year 2022 filing to 120 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 620123640 · SIMPLYBANK PY 2023 · 401(k)
Simplybank 401(k) Plan · $10M · 120 · 58th
- PHOTO $10M
- IND 120
- EOY 58th
- 5500 401(k)
- ASSETS near Energy Exemplar LLC 401(k) Plan & Trust
- PCT ind #3755
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Tennessee →
Simplybank 401(k) Plan in the asset neighbourhood
Tennessee filing particulars
| Total Assets (Beginning of Year) | $9M |
|---|---|
| Net Assets (End of Year) | $10M |
| Net Income | $798K |
| Employer EIN | 620123640 |
| Plan Effective Date | 1998-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (SIMPLYBANK)
Sponsor-wide plan assets over time
All SIMPLYBANK plans reported in each filing year
- Latest sponsor-wide plan assets
- N/A
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 128 | $9M |
| 2023 | 1 | 120 | $10M |
| 2024 | 1 | 125 | N/A |
Nearby 401(k) Plans in Tennessee
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Fedex Corporation Retirement Savings Plan $23.9B · 127,010
- Hca 401(k) Plan $21.5B · 291,649
- Federal Express Corporation Pilots Retirement Savings Plan $4.7B · 5,728
- International Paper Company Salaried Savings Plan $4.6B · 12,153
- Chs/Community Health Systems, Inc. Retirement Savings Plan $4.5B · 62,487
Simplybank 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Tennessee, the nearest 401(k) by assets is Energy Exemplar LLC 401(k) Plan & Trust in UT ($10M); by covered participants it is Southgroup 401(k) Plan in MS (120 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10M here).
- Energy Exemplar LLC 401(k) Plan & Trust (UT) $10M · 117
- Veritas Steel 401(k) Retirement Savings Plan (IL) $10M · 80
- Prysm Systems, Inc. 401(k) Plan (CA) $10M · 42
- Local 360 401(k) and Severance Plan (NJ) $10M · 1,093
Similar participant headcount
Nearest other-state filings by covered participants (120 participants); asset peers above are excluded.
- Southgroup 401(k) Plan (MS) 120 · 0 off
- Southwest Hazard Control, Inc. Employees' Savings and Profit Sharing Plan (AZ) 120 · 0 off
- Sloat Garden Center, Inc. Profit Sharing Plan (CA) 120 · 0 off
- C S T & T Co. 401(k) Plan (NY) 120 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.