401(k) · DOL Form 5500 · 2022

Palmetto State Bank 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
76
Participants Small participant base
75th
Percentile by assets National rank
$231,236
Avg per participant Above avg balance/head
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Official DOL plan name: Palmetto State Bank Profit Sharing Plan · Sponsored by Palmetto State Bank · South Carolina · Finance & Insurance

$18M in assets, 76 participants

Palmetto State Bank's Palmetto State Bank Profit Sharing Plan reported $18M in total assets and 76 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #5,649 in Finance & Insurance (9,261 peers)

Where Palmetto State Bank Profit Sharing Plan sits by assets

Palmetto State Bank Profit Sharing Plan sits in the top quartile of all filed plans by assets, $18M for 76 participants (~$231,236/participant), down 26.9% in 2022.

#5,649
in Finance & Insurance (9,261 peers)
-26.9%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Palmetto State Bank Profit Sharing Plan's outsized position by total assets

Palmetto State Bank Profit Sharing Plan vs every filed plan by assets

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

$17,573,971 Top 25% higher than 75% 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

Palmetto State Bank Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palmetto State Bank Profit Sharing Plan is a small filing (76 participants) on this national headcount ladder.

DOL schedule card

Filing strip 570200135 · Palmetto State Bank PY 2022 · 401(k)

Palmetto State Bank Profit Sharing Plan · $18M · 76 · 75th

  • IND $18M
  • IND 76
  • IND 75th
  • IND 401(k)
  • IND near Nvfs 401(k) Plan
  • IND ind #5649

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 →

Palmetto State Bank Profit Sharing Plan in the asset neighbourhood

Palmetto State Bank Profit Sharing PlanPalmetto State Bank Profit S…$18MNvfs 401(k) Plan$18MScio Health Analytics 401(k) Savings PlanScio Health Analytics 401(k)…$18MEverlaw, Inc. 401(k) Plan$18MHolophane Division of Acuity Brands Lighting 401(k) Plan for Hourly Employees Covered by a Collective Bargaining AgreementHolophane Division of Acuity…$18M
End-of-year total assets ($M) among Palmetto State Bank Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$18M
Net Income-$6M
Employer EIN570200135
Plan Effective Date1961-01-19
Filing StatusFILING RECEIVED

Sponsor Plan History (Palmetto State Bank)

Sponsor-wide plan assets over time

All Palmetto State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$18M 3.368931244964499% vs 2022
2024 filing year
$17.4M$17.6M$17.8M$18M$18.2M$18.4M 202220232024 $17.6M $18.2M ▲ +3.4%
Year Plans Participants Total Assets
2022 1 76 $18M
2023 1 79 $18M
2024 1 77 $18M

Nearby 401(k) Plans in South Carolina

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

Palmetto State Bank Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants Palmetto State Bank Profit Sharing Plan, Total assets ($B): 0.017573971 · Participants: 76Palmetto State Bank Profit Sharing 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
Palmetto State Bank Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Palmetto State Bank Profit Sharing Plan side-by-side with 3 peers →

Palmetto State Bank Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Nvfs 401(k) Plan in VA ($18M); by covered participants it is Aviation Maintenance Group Inc 401(k) Profit Sharing Plan & Trust in CA (76 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (76 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 Palmetto State Bank Profit Sharing Plan assets move in 2022? ▼
Palmetto State Bank Profit Sharing Plan declined sharply - down 26.9% during 2022, from $24M to $18M. Reported net income was -$6M.
How have Palmetto State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palmetto State Bank's sponsor-wide assets grew 3.4%, from $18M to $18M.
Where does Palmetto State Bank Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Palmetto State Bank Profit Sharing Plan ranks in the 75th 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 Palmetto State Bank Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nvfs 401(k) Plan in VA ($18M, 312 participants).
Which 401(k) plans cover a similar participant headcount to Palmetto State Bank Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Aviation Maintenance Group Inc 401(k) Profit Sharing Plan & Trust in CA (76 participants, $590K 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 570200135.

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.