401(k) · DOL Form 5500 · 2022

Grandsouth Bank 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
201
Participants Below avg headcount
72nd
Percentile by assets National rank
$73,767
Avg per participant Below avg balance/head
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Official DOL plan name: Grandsouth Bank 401(k) Plan · Sponsored by Grandsouth Bank · South Carolina · Finance & Insurance

$15M in assets, 201 participants

Grandsouth Bank's Grandsouth Bank 401(k) Plan reported $15M in total assets and 201 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.

  • #5,299 in Finance & Insurance (9,261 peers)

Grandsouth Bank multi-year trail

Grandsouth Bank's plans moved -93.4% in assets from 2022 to 2023; this filing shows Grandsouth Bank 401(k) Plan at $15M / 201 participants.

#5,299
in Finance & Insurance (9,261 peers)
-16.4%
assets change YoY

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.

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

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

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

$14,827,082 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

Grandsouth 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. Grandsouth Bank 401(k) Plan sits mid-pack in the medium band (201 participants).

Form 5500 schedule snapshot

Filing strip 571064274 · Grandsouth Bank PY 2022 · 401(k)

Grandsouth Bank 401(k) Plan · $15M · 201 · 72nd

  • IND $15M
  • IND 201
  • IND 72nd
  • IND 401(k)
  • IND near Rhode Island Novelty 401(k) Profit Sharing Plan & Trust
  • IND ind #5299

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 →

Grandsouth Bank 401(k) Plan in the asset neighbourhood

Grandsouth Bank 401(k) Plan$15MRhode Island Novelty 401(k) Profit Sharing Plan & TrustRhode Island Novelty 401(k) …$15MSt. John's Health Care Corp. 401(k) PlanSt. John's Health Care Corp.…$15MFiore & Sons, Inc. 401(k) PlanFiore & Sons, Inc. 401(k) Pl…$15MTopographic Om, Inc. Retirement PlanTopographic Om, Inc. Retirem…$15M
End-of-year total assets ($M) among Grandsouth Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Grandsouth Bank multi-year asset trail

Sponsor-wide plan assets over time

All Grandsouth Bank plans reported in each filing year

Latest sponsor-wide plan assets
$978K 93.40434618220903% vs 2022
2023 filing year
$0M$5M$10M$15M$20M 20222023 $14.8M $0.98M ▼ -93.4%
Year Plans Participants Total Assets
2022 1 201 $15M
2023 1 193 $978K

Grandsouth Bank filing trail (2022)

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$15M
Net Income-$3M
Employer EIN571064274
Plan Effective Date1998-09-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in South Carolina

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

Grandsouth 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 ($B) Participants Grandsouth Bank 401(k) Plan, Total assets ($B): 0.014827082 · Participants: 201Grandsouth 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
Grandsouth Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Grandsouth Bank 401(k) Plan side-by-side with 3 peers →

Grandsouth 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 Rhode Island Novelty 401(k) Profit Sharing Plan & Trust in MA ($15M); by covered participants it is Gill Studios, Inc. Hourly Paid Employees' Profit Sharing and 401(k) Plan and Trust in KS (201 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Similar participant headcount

Nearest other-state filings by covered participants (201 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 Grandsouth Bank 401(k) Plan assets move in 2022? ▼
Grandsouth Bank 401(k) Plan declined sharply - down 16.4% during 2022, from $18M to $15M. Reported net income was -$3M.
How have Grandsouth Bank plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Grandsouth Bank's sponsor-wide assets declined 93.4%, from $15M to $978K.
Which 401(k) plans are similar in size to Grandsouth Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rhode Island Novelty 401(k) Profit Sharing Plan & Trust in MA ($15M, 148 participants).
Which 401(k) plans cover a similar participant headcount to Grandsouth Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Gill Studios, Inc. Hourly Paid Employees' Profit Sharing and 401(k) Plan and Trust in KS (201 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 571064274.

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.