Profit Sharing · DOL Form 5500 · 2022
First Palmetto Bank Profit Sharing Plan
Data updated 2026-08-11
- $14M
- Total assets
- 158
- Participants
- 71st
- Percentile by assets
- $88,227
- Avg per participant
Official DOL plan name: First Palmetto Bank Retirement Plan · Sponsored by First Palmetto Bank · South Carolina · Finance & Insurance
$14M in assets, 158 participants
First Palmetto Bank's First Palmetto Bank Retirement Plan reported $14M in total assets and 158 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.
- 71st percentile by assets (of 139,126 plans)
- #5,165 in Finance & Insurance (9,261 peers)
Coverage in South Carolina
First Palmetto Bank Retirement Plan covers 158 participants in South Carolina, about 43% of the average South Carolina filer (state average ~369 per filing). Assets: $14M.
- $14M
- total plan assets (2022 EOY)
- 158
- covered participants
- 71st
- percentile by assets (of 139,126 plans)
- $88,227
- avg assets per participant
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. First Palmetto Bank Retirement Plan reports 158 participants - about 43% of that state average ($14M EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $13M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | $1M |
| Employer EIN | 570921408 |
| Plan Effective Date | 1981-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First Palmetto Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 158 | $14M |
| 2023 | 1 | 160 | $14M |
| 2024 | 1 | 157 | $15M |
Nearby Profit Sharing Plans in South Carolina
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
First Palmetto Bank Retirement Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants
- Prisma Health Retirement Savings Plan $1.6B · 27,548
- Uma Retirement Plan $646M · 2,372
- Scansource, Inc. 401(k) Plan $193M · 1,547
- Profit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & Stewart $191M · 2,107
- Usc School of Medicine Educational Trust Retirement Plan $38M · 200
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to First Palmetto Bank Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did First Palmetto Bank Retirement Plan assets move in 2022? ▼
How have First Palmetto Bank plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to First Palmetto Bank Retirement Plan? ▼
Next read for First Palmetto Bank Retirement Plan
Filing takeaways
Ways to act on First Palmetto Bank Retirement Plan's numbers.
- By total assets, First Palmetto Bank Retirement Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in South Carolina. Compare plans
- First Palmetto Bank's sponsor-wide assets have grown 4.7% since 2022 across 3 plan years on file. More Finance & Insurance plans