Profit Sharing · DOL Form 5500 · 2022

First Palmetto Bank Profit Sharing Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
158
Participants Small participant base
71st
Percentile by assets National rank
$88,227
Avg per participant Below avg balance/head
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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.

  • #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.

#5,165
in Finance & Insurance (9,261 peers)
+8.8%
assets growth YoY

First Palmetto Bank Retirement Plan's outsized position by total assets

First Palmetto Bank Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$13,939,907 Top 29% higher than 71% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

First Palmetto Bank Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Palmetto Bank Retirement Plan sits mid-pack in the medium band (158 participants).

Form 5500 schedule snapshot

Filing strip 570921408 · First Palmetto Bank PY 2022 · Profit Sharing

First Palmetto Bank Retirement Plan · $14M · 158 · 71st

  • IND $14M
  • IND 158
  • IND 71st
  • IND Profit Sharing
  • IND near United Cerebral Palsy of Queens, Inc. Retirement Plan
  • IND ind #5165

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 South Carolina →

First Palmetto Bank Retirement Plan in the asset neighbourhood

Rwl Management, Inc. Employee's Profit Sharing PlanRwl Management, Inc. Employe…$14MUnited Cerebral Palsy of Queens, Inc. Retirement PlanUnited Cerebral Palsy of Que…$14MOperating Engineers Local 139 Defined Contribution Annuity FundOperating Engineers Local 13…$14MFirst Palmetto Bank Retirement PlanFirst Palmetto Bank Retireme…$14MWinslow Investments Limited, Inc. Profit Sharing PlanWinslow Investments Limited,…$14M
End-of-year total assets ($M) among First Palmetto Bank Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

South Carolina filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$1M
Employer EIN570921408
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Palmetto Bank)

Sponsor-wide plan assets over time

All First Palmetto Bank plans reported in each filing year

Latest sponsor-wide plan assets
$15M 4.6530798232728525% vs 2022
2024 filing year
$13.8M$14M$14.2M$14.4M$14.6M$14.8M 202220232024 $13.9M $14.6M ▲ +4.7%
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 Scatter plot of 6 data points. -100000100002000030000 -0.500.511.52 Total assets ($B) Participants First Palmetto Bank Retirement Plan, Total assets ($B): 0.013939907 · Participants: 158First Palmetto Bank Retirement PlanPrisma Health Retirement Savings Plan, Total assets ($B): 1.580787343 · Participants: 27548Prisma Health Retirement Savings PlanUma Retirement Plan, Total assets ($B): 0.646014747 · Participants: 2372Uma Retirement PlanScansource, Inc. 401(k) Plan, Total assets ($B): 0.193116292 · Participants: 1547Scansource, Inc. 401(k) PlanProfit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & Stewart, Total assets ($B): 0.190880155 · Participants: 2107Profit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & StewartUsc School of Medicine Educational Trust Retirement Plan, Total assets ($B): 0.038245098 · Participants: 200Usc School of Medicine Educational Trust Retirement Plan
First Palmetto Bank Retirement Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants
Compare First Palmetto Bank Retirement Plan side-by-side with 3 peers →

First Palmetto Bank Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside South Carolina, the nearest Profit Sharing by assets is United Cerebral Palsy of Queens, Inc. Retirement Plan in NY ($14M); by covered participants it is Defined Contribution Plan for Non-Secretarial Staff of Patterson Belknap Webb & Tyler LLP in NY (158 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (158 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did First Palmetto Bank Retirement Plan assets move in 2022? ▼
First Palmetto Bank Retirement Plan grew at a solid clip - up 8.8% during 2022, from $13M to $14M. Reported net income was $1M.
How have First Palmetto Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Palmetto Bank's sponsor-wide assets grew 4.7%, from $14M to $15M.
Which Profit Sharing plans are similar in size to First Palmetto Bank Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is United Cerebral Palsy of Queens, Inc. Retirement Plan in NY ($14M, 325 participants).
Which Profit Sharing plans cover a similar participant headcount to First Palmetto Bank Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Defined Contribution Plan for Non-Secretarial Staff of Patterson Belknap Webb & Tyler LLP in NY (158 participants, $45M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 570921408.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.