401(k) · DOL Form 5500 · 2023

Southern First Bank 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
284
Participants Below avg headcount
77th
Percentile by assets National rank
$93,580
Avg per participant Below avg balance/head
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Official DOL plan name: Southern First Bank 401(k) Plan · Sponsored by Southern First Bank · South Carolina · Finance & Insurance

$27M in assets, 284 participants

Southern First Bank's Southern First Bank 401(k) Plan reported $27M in total assets and 284 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,822 in Finance & Insurance (8,869 peers)

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

Southern First Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $27M for 284 participants (~$93,580/participant), up 28.5% in 2023.

#5,822
in Finance & Insurance (8,869 peers)
+28.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

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

$26,576,769 Top 23% higher than 77% 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

Southern First 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. Southern First Bank 401(k) Plan sits mid-pack in the medium band (284 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern First Bank 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Southern First Bank 401(k) Plan end-of-year assets rose from $21M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Southern First Bank 401(k) Plan reported participants rose from 262 in the plan year 2022 filing to 284 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 562184826 · Southern First Bank PY 2023 · 401(k)

Southern First Bank 401(k) Plan · $27M · 284 · 77th

  • PHOTO $27M
  • IND 284
  • EOY 77th
  • 5500 401(k)
  • ASSETS near Shipley Energy 401(k) Retirement Plan
  • PCT ind #5822

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 →

Southern First Bank 401(k) Plan in the asset neighbourhood

Southern First Bank 401(k) PlanSouthern First Bank 401(k) P…$27MShipley Energy 401(k) Retirement PlanShipley Energy 401(k) Retire…$27MThe Employees Retirement and Section 401(k) Plan and TrustThe Employees Retirement and…$27MExfo USA 401(k) Plan$27MBcci 401(k) Profit Sharing PlanBcci 401(k) Profit Sharing P…$27M
End-of-year total assets ($M) among Southern First 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)$21M
Net Assets (End of Year)$27M
Net Income$6M
Employer EIN562184826
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern First Bank)

Sponsor-wide plan assets over time

All Southern First Bank plans reported in each filing year

Latest sponsor-wide plan assets
$31M 50.34299658052753% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $20.7M $31.1M ▲ +50.3%
Year Plans Participants Total Assets
2022 1 262 $21M
2023 1 284 $27M
2024 1 292 $31M

Nearby 401(k) Plans in South Carolina

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

Southern First 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 ($B) Participants Southern First Bank 401(k) Plan, Total assets ($B): 0.026576769 · Participants: 284Southern First 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
Southern First Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Southern First Bank 401(k) Plan side-by-side with 3 peers →

Southern First 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 Shipley Energy 401(k) Retirement Plan in PA ($27M); by covered participants it is W D Partners Profit Sharing Plan in OH (284 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($27M here).

Similar participant headcount

Nearest other-state filings by covered participants (284 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 Southern First Bank 401(k) Plan assets move in 2023? ▼
Southern First Bank 401(k) Plan grew sharply - up 28.5% during 2023, from $21M to $27M. Reported net income was $6M.
How have Southern First Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern First Bank's sponsor-wide assets grew 50.3%, from $21M to $31M.
Where does Southern First Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Southern First Bank 401(k) Plan ranks in the 77th 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 Southern First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Shipley Energy 401(k) Retirement Plan in PA ($27M, 360 participants).
Which 401(k) plans cover a similar participant headcount to Southern First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is W D Partners Profit Sharing Plan in OH (284 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 562184826.

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.