401(k) · DOL Form 5500 · 2023

South Atlantic Bank 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
142
Participants Small participant base
71st
Percentile by assets National rank
$131,781
Avg per participant Near avg balance/head
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Official DOL plan name: South Atlantic Bank 401(k) Employee Stock Ownership Plan · Sponsored by South Atlantic Bank · South Carolina · Finance & Insurance

$19M in assets, 142 participants

South Atlantic Bank's South Atlantic Bank 401(k) Employee Stock Ownership Plan reported $19M in total assets and 142 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #5,116 in Finance & Insurance (8,869 peers)

Coverage in South Carolina

South Atlantic Bank 401(k) Employee Stock Ownership Plan covers 142 participants in South Carolina, about 39% of the average South Carolina filer (state average ~369 per filing). Assets: $19M.

#5,116
in Finance & Insurance (8,869 peers)
+28.7%
assets growth YoY

South Atlantic Bank 401(k) Employee Stock Ownership Plan's outsized position by total assets

South Atlantic Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$18,712,859 Top 29% higher than 71% 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

South Atlantic Bank 401(k) 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. South Atlantic Bank 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (142 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • South Atlantic Bank 401(k) Employee Stock Ownership Plan reported net income rose from -$4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • South Atlantic Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $15M in the plan year 2022 filing to $19M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 261366826 · South Atlantic Bank PY 2023 · 401(k)

South Atlantic Bank 401(k) Employee Stock Ownership Plan · $19M · 142 · 71st

  • RANK $19M
  • PHOTO 142
  • IND 71st
  • EOY 401(k)
  • 5500 near K.T.G., USA Salary Employees 401(k) Plan
  • ASSETS ind #5116

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 →

South Atlantic Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Cornerstone Wauseon 401(k) PlanCornerstone Wauseon 401(k) P…$19MProfit Sharing Retirement Plan and Trust for the Employees of a.C. Israel Enterprises, Inc.Profit Sharing Retirement Pl…$19MSouth Atlantic Bank 401(k) Employee Stock Ownership PlanSouth Atlantic Bank 401(k) E…$19MK.T.G., USA Salary Employees 401(k) PlanK.T.G., USA Salary Employees…$19MKendall Packaging Corporation 401(k) PlanKendall Packaging Corporatio…$19M
End-of-year total assets ($M) among South Atlantic Bank 401(k) 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)$15M
Net Assets (End of Year)$19M
Net Income$4M
Employer EIN261366826
Plan Effective Date2008-01-10
Filing StatusFILING RECEIVED

Sponsor Plan History (South Atlantic Bank)

Sponsor-wide plan assets over time

All South Atlantic Bank plans reported in each filing year

Latest sponsor-wide plan assets
$24M 62.333891699830424% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $14.5M $23.6M ▲ +62.3%
Year Plans Participants Total Assets
2022 1 142 $15M
2023 1 142 $19M
2024 1 181 $24M

Nearby 401(k) Plans in South Carolina

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

South Atlantic Bank 401(k) 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 ($B) Participants South Atlantic Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.018712859 · Participants: 142South Atlantic Bank 401(k) 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
South Atlantic Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare South Atlantic Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

South Atlantic Bank 401(k) 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 K.T.G., USA Salary Employees 401(k) Plan in TN ($19M); by covered participants it is Texas Veterinary, PLLC 401(k) Plan in TX (142 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (142 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 South Atlantic Bank 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
South Atlantic Bank 401(k) Employee Stock Ownership Plan grew sharply - up 28.7% during 2023, from $15M to $19M. Reported net income was $4M.
How have South Atlantic Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Atlantic Bank's sponsor-wide assets grew 62.3%, from $15M to $24M.
Which 401(k) plans are similar in size to South Atlantic Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is K.T.G., USA Salary Employees 401(k) Plan in TN ($19M, 125 participants).
Which 401(k) plans cover a similar participant headcount to South Atlantic Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Texas Veterinary, PLLC 401(k) Plan in TX (142 participants, $12M 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 261366826.

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.