401(k) · DOL Form 5500 · 2022

Southern First Bank 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
262
Participants Below avg headcount
78th
Percentile by assets National rank
$78,931
Avg per participant Below avg balance/head
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Official DOL plan name: Southern First Bank 401(k) Plan · Sponsored by Southern First Bank · South Carolina · Finance & Insurance

$21M in assets, 262 participants

Southern First Bank's Southern First Bank 401(k) Plan reported $21M in total assets and 262 participants in its 2022 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,981 in Finance & Insurance (9,261 peers)

Where Southern First Bank 401(k) Plan sits by assets

Southern First Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $21M for 262 participants (~$78,931/participant), down 11.1% in 2022.

#5,981
in Finance & Insurance (9,261 peers)
-11.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southern First Bank 401(k) Plan's outsized position by total assets

Southern First Bank 401(k) Plan vs every filed plan by assets

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

$20,679,798 Top 22% higher than 78% 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

Southern First Bank 401(k) 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. Southern First Bank 401(k) Plan sits mid-pack in the medium band (262 participants).

DOL schedule card

Filing strip 562184826 · Southern First Bank PY 2022 · 401(k)

Southern First Bank 401(k) Plan · $21M · 262 · 78th

  • PART $21M
  • PART 262
  • PART 78th
  • PART 401(k)
  • PART near Green Hills Memorial Park Employees' Retirement Plan
  • PART ind #5981

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 →

Southern First Bank 401(k) Plan in the asset neighbourhood

Southern First Bank 401(k) PlanSouthern First Bank 401(k) P…$21MGreen Hills Memorial Park Employees' Retirement PlanGreen Hills Memorial Park Em…$21MOsage Casino 401(k) Plan$21MCollegium Pharmaceutical, Inc. 401(k) and Profit Sharing PlanCollegium Pharmaceutical, In…$21MNeptune Aviation Savings and Investment PlanNeptune Aviation Savings and…$21M
End-of-year total assets ($M) among Southern First Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$21M
Net Income-$3M
Employer EIN562184826
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern First Bank)

Sponsor-wide plan assets over time

All Southern First Bank plans reported in each filing year

Latest sponsor-wide plan assets
$31M 50.34299658052753% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $20.7M $31.1M ▲ +50.3%
Year Plans Participants Total Assets
2022 1 262 $21M
2023 1 284 $27M
2024 1 292 $31M

Nearby 401(k) Plans in South Carolina

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

Southern First Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants Southern First Bank 401(k) Plan, Total assets ($B): 0.020679798 · Participants: 262Southern First Bank 401(k) PlanMichelin 401(k) Savings Plan, Total assets ($B): 3.615828322 · Participants: 13708Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.219673264 · Participants: 7829The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.214442524 · Participants: 9714Sonoco Retirement & Savings PlanThe Milliken Retirement Plan, Total assets ($B): 1.154082573 · Participants: 6185The Milliken Retirement PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.085276125 · Participants: 11881Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Southern First Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Southern First Bank 401(k) Plan side-by-side with 3 peers →

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

Outside South Carolina, the nearest 401(k) by assets is Green Hills Memorial Park Employees' Retirement Plan in CA ($21M); by covered participants it is Cumberland Truck Equipment Co. Salary Deferral Plan in PA (262 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (262 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 Southern First Bank 401(k) Plan assets move in 2022? ▼
Southern First Bank 401(k) Plan pulled back noticeably - down 11.1% during 2022, from $23M to $21M. Reported net income was -$3M.
How have Southern First Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern First Bank's sponsor-wide assets grew 50.3%, from $21M to $31M.
Where does Southern First Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Southern First Bank 401(k) Plan ranks in the 78th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Southern First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Green Hills Memorial Park Employees' Retirement Plan in CA ($21M, 80 participants).
Which 401(k) plans cover a similar participant headcount to Southern First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cumberland Truck Equipment Co. Salary Deferral Plan in PA (262 participants, N/A 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 562184826.

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.