401(k) · DOL Form 5500 · 2023

First Community Bank 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
262
Participants Below avg headcount
80th
Percentile by assets National rank
$117,818
Avg per participant Below avg balance/head
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Official DOL plan name: First Community Bank 401(k) Plan · Sponsored by First Community Bank · South Carolina · Finance & Insurance

$31M in assets, 262 participants

First Community Bank's First Community Bank 401(k) Plan reported $31M in total assets and 262 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,104 in Finance & Insurance (8,869 peers)

Where First Community Bank 401(k) Plan sits by assets

First Community Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $31M for 262 participants (~$117,818/participant), up 26.2% in 2023.

#6,104
in Finance & Insurance (8,869 peers)
+26.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

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

$30,868,417 Top 20% higher than 80% 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 Community Bank 401(k) 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 Community Bank 401(k) Plan sits mid-pack in the medium band (262 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Community Bank 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • First Community Bank 401(k) Plan end-of-year assets rose from $24M in the plan year 2022 filing to $31M in the plan year 2023 filing.
  • First Community Bank 401(k) Plan reported participants rose from 245 in the plan year 2022 filing to 262 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 571030051 · First Community Bank PY 2023 · 401(k)

First Community Bank 401(k) Plan · $31M · 262 · 80th

  • PHOTO $31M
  • IND 262
  • EOY 80th
  • 5500 401(k)
  • ASSETS near Planmember Services Corporation 401(k) Plan
  • PCT ind #6104

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 Community Bank 401(k) Plan in the asset neighbourhood

First Community Bank 401(k) PlanFirst Community Bank 401(k) …$31MPlanmember Services Corporation 401(k) PlanPlanmember Services Corporat…$31MLyden Oil Company 401(k) Plan$31MCosta Farms, LLC 401(k) Plan$31MSignet Health Corporation 401(k) PlanSignet Health Corporation 40…$31M
End-of-year total assets ($M) among First Community Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$31M
Net Income$6M
Employer EIN571030051
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Community Bank)

Sponsor-wide plan assets over time

All First Community Bank plans reported in each filing year

Latest sponsor-wide plan assets
$37M 50.040646709967554% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $24.5M $36.7M ▲ +50.0%
Year Plans Participants Total Assets
2022 1 245 $24M
2023 1 262 $31M
2024 1 262 $37M

Nearby 401(k) Plans in South Carolina

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

First Community Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants First Community Bank 401(k) Plan, Total assets ($B): 0.030868417 · Participants: 262First Community Bank 401(k) 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
First Community Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare First Community Bank 401(k) Plan side-by-side with 3 peers →

First Community 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 Planmember Services Corporation 401(k) Plan in CA ($31M); by covered participants it is Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan in IN (262 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($31M here).

Similar participant headcount

Nearest other-state filings by covered participants (262 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 Community Bank 401(k) Plan assets move in 2023? ▼
First Community Bank 401(k) Plan grew sharply - up 26.2% during 2023, from $24M to $31M. Reported net income was $6M.
How have First Community Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Community Bank's sponsor-wide assets grew 50.0%, from $24M to $37M.
Where does First Community Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
First Community Bank 401(k) Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to First Community Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Planmember Services Corporation 401(k) Plan in CA ($31M, 183 participants).
Which 401(k) plans cover a similar participant headcount to First Community Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan in IN (262 participants, N/A 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 571030051.

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.