Profit Sharing · DOL Form 5500 · 2023
First Palmetto Bank Profit Sharing Plan
Data updated 2026-08-11
- $14M
- Total assets
- 160
- Participants
- 66th
- Percentile by assets
- $90,381
- Avg per participant
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.
- 66th percentile by assets (of 127,072 plans)
- #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.
- $14M
- total plan assets (2023 EOY)
- 160
- covered participants
- 66th
- percentile by assets (of 127,072 plans)
- $90,381
- avg assets per participant
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.
Participants vs South Carolina filers
In South Carolina, the average filing covers about 369 participants across 1,490 plans. First Palmetto Bank Retirement Plan reports 160 participants - about 43% of that state average ($14M EOY assets).
South Carolina filing particulars
| Total Assets (Beginning of Year) | $14M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | $521K |
| Employer EIN | 570921408 |
| Plan Effective Date | 1981-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First Palmetto Bank)
| 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
- Prisma Health Retirement Savings Plan $1.9B · 28,745
- Uma Retirement Plan $756M · 2,510
- Profit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & Stewart $222M · 2,301
- Scansource, Inc. 401(k) Plan $216M · 1,515
- Usc School of Medicine Educational Trust Retirement Plan $45M · 197
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to First Palmetto Bank Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did First Palmetto Bank Retirement Plan assets move in 2023? ▼
How have First Palmetto Bank plan assets changed over time? ▼
Which Profit Sharing plans are similar in size to First Palmetto Bank Retirement Plan? ▼
Next read for First Palmetto Bank Retirement Plan
Filing takeaways
Ways to act on First Palmetto Bank Retirement Plan's numbers.
- By total assets, First Palmetto Bank Retirement Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in South Carolina. Compare plans
- First Palmetto Bank's sponsor-wide assets have grown 4.7% since 2022 across 3 plan years on file. More Finance & Insurance plans