Southern Bank and Trust Company
Overview
Southern Bank and Trust Company sponsors a self-funded health plan that covered 631 participants in plan year 2025, about the same as the prior year. The plan year starts in February. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 631 · prior year 624
- Plan year
- Begins February 1 · next renewal February 2027
- Health plans filed
- Southern Bank and Trust Company Group Benefit Plan, plan 503 (631 participants)
- Broker compensation
- $78K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Sun Life Assurance Company of Canada | Life, Long-term disability | 627 | $539K | $73K |
| Eyemed Vision Care on Behalf of the Fidelity Security Life Ins. Co. | Vision | 750 | $44K | $5K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 631 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Southern Bank and Trust Company
- Sponsor EIN
- 56-0132260
- Plan number
- 503
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 56-0132260 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- The Enhanced Capital Accumulation Plan for the Employees of Southern Bank and Trust Company
- Type
- 401(k) plan
- Participants
- 682
About this data
Source: Southern Bank and Trust Company's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Southern Bank and Trust Company.