401(k) · DOL Form 5500 · 2023

Palmetto State Bank 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
79
Participants Small participant base
70th
Percentile by assets National rank
$222,303
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, 79 participants

Palmetto State Bank's Palmetto State Bank Profit Sharing Plan reported $18M in total assets and 79 participants in its 2023 DOL Form 5500 filing, ranking in the 70th 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.

  • #4,981 in Finance & Insurance (8,869 peers)

What the 2023 filing shows

Palmetto State Bank Profit Sharing Plan holds $18M for 79 participants - about $222,303 per participant, above the median plan by assets.

#4,981
in Finance & Insurance (8,869 peers)
-0.1%
assets change YoY

The plan reported a net loss of $12K 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 2023 · DOL Form 5500

$17,561,921 Top 30% higher than 70% of 127,068 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 2023

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

Plan-year 2023 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 (79 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Palmetto State Bank Profit Sharing Plan reported net income rose from -$6M in the plan year 2022 filing to -$12K in the plan year 2023 filing.
  • Palmetto State Bank Profit Sharing Plan reported participants rose from 76 in the plan year 2022 filing to 79 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 570200135 · Palmetto State Bank PY 2023 · 401(k)

Palmetto State Bank Profit Sharing Plan · $18M · 79 · 70th

  • RANK $18M
  • RANK 79
  • RANK 70th
  • RANK 401(k)
  • RANK near Gbc, Inc. 401(k) and Profit Sharing Plan
  • RANK ind #4981

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…$18MGbc, Inc. 401(k) and Profit Sharing PlanGbc, Inc. 401(k) and Profit …$18M401(k) Profit Sharing Plan of Residential Management Services, Inc.401(k) Profit Sharing Plan o…$18MPioneer Spine and Sports Physicians P.C. 401(k) Plan and TrustPioneer Spine and Sports Phy…$18MEraclides, Gelman, Hall & Indek 401(k) PlanEraclides, Gelman, Hall & In…$18M
End-of-year total assets ($M) among Palmetto State Bank Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$18M
Net Income-$12K
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. -500005000100001500020000 -1012345 Total assets ($B) Participants Palmetto State Bank Profit Sharing Plan, Total assets ($B): 0.017561921 · Participants: 79Palmetto State Bank Profit Sharing PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.081217676 · Participants: 14439Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.54970984 · Participants: 8661The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.560739492 · Participants: 11311Sonoco Retirement & Savings PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.313010355 · Participants: 10614Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.296149408 · Participants: 11348Blue 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 Gbc, Inc. 401(k) and Profit Sharing Plan in MA ($18M); by covered participants it is Heart of America Beverage Company, LLC 401(k) Plan in MO (79 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (79 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Palmetto State Bank Profit Sharing Plan held essentially flat - down 0.1% during 2023, from $18M to $18M. Reported net income was -$12K.
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.
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 Gbc, Inc. 401(k) and Profit Sharing Plan in MA ($18M, 16 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 Heart of America Beverage Company, LLC 401(k) Plan in MO (79 participants, $9M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.