401(k) · DOL Form 5500 · 2023

First Reliance Bank 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
183
Participants Below avg headcount
66th
Percentile by assets National rank
$77,582
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: First Reliance Bank Employee Stock Ownership Plan · Sponsored by First Reliance Bank · South Carolina · Finance & Insurance

$14M in assets, 183 participants

First Reliance Bank's First Reliance Bank Employee Stock Ownership Plan reported $14M in total assets and 183 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.

  • #4,540 in Finance & Insurance (8,869 peers)

Coverage in South Carolina

First Reliance Bank Employee Stock Ownership Plan covers 183 participants in South Carolina, about 50% of the average South Carolina filer (state average ~369 per filing). Assets: $14M.

#4,540
in Finance & Insurance (8,869 peers)
+15.0%
assets growth YoY

First Reliance Bank Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

First Reliance Bank Employee Stock Ownership Plan vs every filed plan by assets

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

$14,197,418 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 Reliance Bank Employee Stock Ownership 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 Reliance Bank Employee Stock Ownership Plan sits mid-pack in the medium band (183 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Reliance Bank Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • First Reliance Bank Employee Stock Ownership Plan end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • First Reliance Bank Employee Stock Ownership Plan reported participants fell from 187 in the plan year 2022 filing to 183 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 582463842 · First Reliance Bank PY 2023 · 401(k)

First Reliance Bank Employee Stock Ownership Plan · $14M · 183 · 66th

  • VS-ST $14M
  • BOY 183
  • SCH 66th
  • EBSA 401(k)
  • PART near Bird Rides, Inc. 401(k) Plan
  • TYPE ind #4540

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 Reliance Bank Employee Stock Ownership Plan in the asset neighbourhood

First Reliance Bank Employee Stock Ownership PlanFirst Reliance Bank Employee…$14MBird Rides, Inc. 401(k) Plan$14MPegasus Residential, LLC 401(k) PlanPegasus Residential, LLC 401…$14MLive Learning Technologies Sr 401(k) PlanLive Learning Technologies S…$14MHarlem Children's Zone, Inc. Profit Sharing PlanHarlem Children's Zone, Inc.…$14M
End-of-year total assets ($M) among First Reliance Bank Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

South Carolina filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN582463842
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Reliance Bank)

Sponsor-wide plan assets over time

All First Reliance Bank plans reported in each filing year

Latest sponsor-wide plan assets
$17M 35.65283543636048% vs 2022
2024 filing year
$10M$12M$14M$16M$18M 202220232024 $12.4M $16.8M ▲ +35.6%
Year Plans Participants Total Assets
2022 1 187 $12M
2023 1 183 $14M
2024 1 178 $17M

Nearby 401(k) Plans in South Carolina

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

First Reliance Bank Employee Stock Ownership Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants First Reliance Bank Employee Stock Ownership Plan, Total assets ($B): 0.014197418 · Participants: 183First Reliance Bank Employee Stock Ownership 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 Reliance Bank Employee Stock Ownership Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare First Reliance Bank Employee Stock Ownership Plan side-by-side with 3 peers →

First Reliance Bank Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Bird Rides, Inc. 401(k) Plan in CA ($14M); by covered participants it is Ncc Ee , LLC 401(k) Profit Sharing Plan and Trust in VA (183 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (183 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 Reliance Bank Employee Stock Ownership Plan assets move in 2023? ▼
First Reliance Bank Employee Stock Ownership Plan grew at a solid clip - up 15.0% during 2023, from $12M to $14M. Reported net income was $2M.
How have First Reliance Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Reliance Bank's sponsor-wide assets grew 35.7%, from $12M to $17M.
Which 401(k) plans are similar in size to First Reliance Bank Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bird Rides, Inc. 401(k) Plan in CA ($14M, 312 participants).
Which 401(k) plans cover a similar participant headcount to First Reliance Bank Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ncc Ee , LLC 401(k) Profit Sharing Plan and Trust in VA (183 participants, $1M 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 582463842.

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.