401(k) · DOL Form 5500 · 2023

South Central Bank, Inc. 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets: 251
Participants Below avg headcount: 69th
Percentile by assets National rank: $65,454
Avg per participant Low balance/head

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Official DOL plan name: South Central Bank 401(k) Plan · Sponsored by South Central Bank, Inc. · Kentucky · Finance & Insurance

$16M in assets, 251 participants

South Central Bank, Inc.'s South Central Bank 401(k) Plan reported $16M in total assets and 251 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

#4,841 in Finance & Insurance (8,869 peers)

Coverage in Kentucky

South Central Bank 401(k) Plan covers 251 participants in Kentucky, about 39% of the average Kentucky filer (state average ~647 per filing). Assets: $16M.

#4,841
in Finance & Insurance (8,869 peers): +6.5%
assets growth YoY

South Central Bank 401(k) Plan's outsized position by total assets

South Central Bank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$16,429,041 Top 31% higher than 69% 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

South Central Bank 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. South Central Bank 401(k) Plan sits mid-pack in the medium band (251 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

South Central Bank 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $1M in the plan year 2023 filing.
South Central Bank 401(k) Plan end-of-year assets rose from $15M in the plan year 2022 filing to $16M in the plan year 2023 filing.
South Central Bank 401(k) Plan reported participants fell from 256 in the plan year 2022 filing to 251 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 610126170 · South Central Bank, Inc. PY 2023 · 401(k)

South Central Bank 401(k) Plan · $16M · 251 · 69th

SCH $16M
EBSA 251
PART 69th
TYPE 401(k)
NET near Lighthouse Youth Services 401(k) Plan
BOOK ind #4841

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 Kentucky →

End-of-year total assets ($M) among South Central Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Kentucky filing particulars

Total Assets (Beginning of Year)	$15M
Net Assets (End of Year)	$16M
Net Income	$1M
Employer EIN	610126170
Plan Effective Date	1997-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (South Central Bank, Inc.)

Latest sponsor-wide plan assets: $19M 20.920432775321988% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	256	$15M
2023	1	251	$16M
2024	1	260	$19M

Nearby 401(k) Plans in Kentucky

Peer 401(k) plans, same state, same plan type, ranked by total assets.

South Central Bank 401(k) Plan vs. nearby 401(k) plans in Kentucky, assets vs. participants

Commonspirit Health 401(k) Retirement Savings Plan $7.9B · 86,688
Humana Retirement Savings Plan $7.4B · 45,938
UPS/Ipa 401(k) Savings Plan $1.3B · 3,159
Scionhealth 401(k) Plan $1.2B · 33,226
Lexmark Savings Plan $1.2B · 1,968

Compare South Central Bank 401(k) Plan side-by-side with 3 peers →

South Central Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Kentucky, the nearest 401(k) by assets is Lighthouse Youth Services 401(k) Plan in OH ($16M); by covered participants it is Drata Inc. 401(k) Plan in CA (251 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($16M here).

Lighthouse Youth Services 401(k) Plan (OH) $16M · 280
Hatfield and Company, Inc. 401(k) Profit Sharing Plan (TX) $16M · 123
Briarcrest Christian School 401 (K) Retirement Plan and Trust (TN) $16M · 208
Alliance for Multispecialty Research Retirement Plan (TN) $16M · 455

Similar participant headcount

Nearest other-state filings by covered participants (251 participants); asset peers above are excluded.

Drata Inc. 401(k) Plan (CA) 251 · 0 off
Breville USA, Inc. 401(k) Retirement Plan (CA) 251 · 0 off
Gravie, Inc. 401(k) Plan (MN) 251 · 0 off
The Bazooka 401(k) Savings and Investment Plan (NY) 251 · 0 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did South Central Bank 401(k) Plan assets move in 2023? ▼

South Central Bank 401(k) Plan grew at a solid clip - up 6.5% during 2023, from $15M to $16M. Reported net income was $1M.

How have South Central Bank, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), South Central Bank, Inc.'s sponsor-wide assets grew 20.9%, from $15M to $19M.

Which 401(k) plans are similar in size to South Central Bank 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Lighthouse Youth Services 401(k) Plan in OH ($16M, 280 participants).

Which 401(k) plans cover a similar participant headcount to South Central Bank 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Drata Inc. 401(k) Plan in CA (251 participants, $8M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 610126170.