401(k) · DOL Form 5500 · 2022

South Atlantic Bank 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
142
Participants Small participant base
72nd
Percentile by assets National rank
$102,369
Avg per participant Below avg balance/head
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Official DOL plan name: South Atlantic Bank 401(k) Employee Stock Ownership Plan · Sponsored by South Atlantic Bank · South Carolina · Finance & Insurance

$15M in assets, 142 participants

South Atlantic Bank's South Atlantic Bank 401(k) Employee Stock Ownership Plan reported $15M in total assets and 142 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.

  • #5,252 in Finance & Insurance (9,261 peers)

Coverage in South Carolina

South Atlantic Bank 401(k) Employee Stock Ownership Plan covers 142 participants in South Carolina, about 39% of the average South Carolina filer (state average ~369 per filing). Assets: $15M.

#5,252
in Finance & Insurance (9,261 peers)
-21.5%
assets change YoY

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

South Atlantic Bank 401(k) Employee Stock Ownership Plan's outsized position by total assets

South Atlantic Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$14,536,450 Top 28% higher than 72% 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

South Atlantic Bank 401(k) Employee Stock Ownership 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. South Atlantic Bank 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (142 participants).

Plan-year Form 5500 strip

Filing strip 261366826 · South Atlantic Bank PY 2022 · 401(k)

South Atlantic Bank 401(k) Employee Stock Ownership Plan · $15M · 142 · 72nd

  • TYPE $15M
  • NET 142
  • BOOK 72nd
  • VS-ST 401(k)
  • BOY near Gilbert & Sackman, a Law Corporation 401(k) Profit Sharing Plan
  • SCH ind #5252

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 →

South Atlantic Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

South Atlantic Bank 401(k) Employee Stock Ownership PlanSouth Atlantic Bank 401(k) E…$15MGilbert & Sackman, a Law Corporation 401(k) Profit Sharing PlanGilbert & Sackman, a Law Cor…$15MWhitehead Oil Company 401(k) Profit Sharing PlanWhitehead Oil Company 401(k)…$15MVolunteer Behavioral Health Salary Reduction Profit Sharing PlanVolunteer Behavioral Health …$15MAssociated Ophthalmologists, Ltd. Retirement PlanAssociated Ophthalmologists,…$15M
End-of-year total assets ($M) among South Atlantic Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

South Carolina filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$14M
Net Income-$4M
Employer EIN261366826
Plan Effective Date2008-01-10
Filing StatusFILING RECEIVED

Sponsor Plan History (South Atlantic Bank)

Sponsor-wide plan assets over time

All South Atlantic Bank plans reported in each filing year

Latest sponsor-wide plan assets
$24M 62.333891699830424% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $14.5M $23.6M ▲ +62.3%
Year Plans Participants Total Assets
2022 1 142 $15M
2023 1 142 $19M
2024 1 181 $24M

Nearby 401(k) Plans in South Carolina

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

South Atlantic Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants South Atlantic Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.01453645 · Participants: 142South Atlantic Bank 401(k) Employee Stock Ownership 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
South Atlantic Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare South Atlantic Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

South Atlantic Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Gilbert & Sackman, a Law Corporation 401(k) Profit Sharing Plan in CA ($15M); by covered participants it is Kent Materials 401(k) in LA (142 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (142 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 South Atlantic Bank 401(k) Employee Stock Ownership Plan assets move in 2022? ▼
South Atlantic Bank 401(k) Employee Stock Ownership Plan declined sharply - down 21.5% during 2022, from $19M to $15M. Reported net income was -$4M.
How have South Atlantic Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Atlantic Bank's sponsor-wide assets grew 62.3%, from $15M to $24M.
Which 401(k) plans are similar in size to South Atlantic Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gilbert & Sackman, a Law Corporation 401(k) Profit Sharing Plan in CA ($15M, 15 participants).
Which 401(k) plans cover a similar participant headcount to South Atlantic Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kent Materials 401(k) in LA (142 participants, $159K 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 261366826.

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.