Profit Sharing · DOL Form 5500 · 2023

First Palmetto Bank Profit Sharing Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
160
Participants Small participant base
66th
Percentile by assets National rank
$90,381
Avg per participant Below avg balance/head
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Official DOL plan name: First Palmetto Bank Retirement Plan · Sponsored by First Palmetto Bank · South Carolina · Finance & Insurance

$14M in assets, 160 participants

First Palmetto Bank's First Palmetto Bank Retirement Plan reported $14M in total assets and 160 participants in its 2023 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,576 in Finance & Insurance (8,869 peers)

Coverage in South Carolina

First Palmetto Bank Retirement Plan covers 160 participants in South Carolina, about 43% of the average South Carolina filer (state average ~369 per filing). Assets: $14M.

#4,576
in Finance & Insurance (8,869 peers)
+3.7%
assets growth YoY

First Palmetto Bank Retirement Plan's mid-pack asset rank among Finance & Insurance and all filers

First Palmetto Bank Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$14,460,883 Top 34% higher than 66% 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

First Palmetto Bank Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Palmetto Bank Retirement Plan sits mid-pack in the medium band (160 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Palmetto Bank Retirement Plan reported net income fell from $1M in the plan year 2022 filing to $521K in the plan year 2023 filing.
  • First Palmetto Bank Retirement Plan end-of-year assets rose from $14M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • First Palmetto Bank Retirement Plan reported participants rose from 158 in the plan year 2022 filing to 160 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 570921408 · First Palmetto Bank PY 2023 · Profit Sharing

First Palmetto Bank Retirement Plan · $14M · 160 · 66th

  • RANK $14M
  • RANK 160
  • RANK 66th
  • RANK Profit Sharing
  • RANK near Vna of Care New England 403(b) Plan
  • RANK ind #4576

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 →

First Palmetto Bank Retirement Plan in the asset neighbourhood

Altius Institute for Biomedical Sciences 403(b) PlanAltius Institute for Biomedi…$14MFirst Palmetto Bank Retirement PlanFirst Palmetto Bank Retireme…$14MVna of Care New England 403(b) PlanVna of Care New England 403(…$14M403(b) Thrift Plan of Elder Services of Worcester Area, Inc.403(b) Thrift Plan of Elder …$14MLewis County Primary Care 403(b) PlanLewis County Primary Care 40…$14M
End-of-year total assets ($M) among First Palmetto Bank Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

South Carolina filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$14M
Net Income$521K
Employer EIN570921408
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Palmetto Bank)

Sponsor-wide plan assets over time

All First Palmetto Bank plans reported in each filing year

Latest sponsor-wide plan assets
$15M 4.6530798232728525% vs 2022
2024 filing year
$13.8M$14M$14.2M$14.4M$14.6M$14.8M 202220232024 $13.9M $14.6M ▲ +4.7%
Year Plans Participants Total Assets
2022 1 158 $14M
2023 1 160 $14M
2024 1 157 $15M

Nearby Profit Sharing Plans in South Carolina

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

First Palmetto Bank Retirement Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -0.500.511.52 Total assets ($B) Participants First Palmetto Bank Retirement Plan, Total assets ($B): 0.014460883 · Participants: 160First Palmetto Bank Retirement PlanPrisma Health Retirement Savings Plan, Total assets ($B): 1.879344092 · Participants: 28745Prisma Health Retirement Savings PlanUma Retirement Plan, Total assets ($B): 0.756341776 · Participants: 2510Uma Retirement PlanProfit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & Stewart, Total assets ($B): 0.221764297 · Participants: 2301Profit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & StewartScansource, Inc. 401(k) Plan, Total assets ($B): 0.215941695 · Participants: 1515Scansource, Inc. 401(k) PlanUsc School of Medicine Educational Trust Retirement Plan, Total assets ($B): 0.044780532 · Participants: 197Usc School of Medicine Educational Trust Retirement Plan
First Palmetto Bank Retirement Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants
Compare First Palmetto Bank Retirement Plan side-by-side with 3 peers →

First Palmetto Bank Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside South Carolina, the nearest Profit Sharing by assets is Vna of Care New England 403(b) Plan in RI ($14M); by covered participants it is Kansas State University Foundation Defined Contribution Retirement Plan in KS (160 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (160 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 First Palmetto Bank Retirement Plan assets move in 2023? ▼
First Palmetto Bank Retirement Plan edged up modestly - up 3.7% during 2023, from $14M to $14M. Reported net income was $521K.
How have First Palmetto Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Palmetto Bank's sponsor-wide assets grew 4.7%, from $14M to $15M.
Which Profit Sharing plans are similar in size to First Palmetto Bank Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Vna of Care New England 403(b) Plan in RI ($14M, 156 participants).
Which Profit Sharing plans cover a similar participant headcount to First Palmetto Bank Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Kansas State University Foundation Defined Contribution Retirement Plan in KS (160 participants, $34M 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 570921408.

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.