401(k) · DOL Form 5500 · 2024

Palmetto State Bank 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
77
Participants Small participant base
68th
Percentile by assets National rank
$235,922
Avg per participant Above avg balance/head
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Official DOL plan name: Palmetto State Bank Profit Sharing Plan · Sponsored by Palmetto State Bank · South Carolina · Finance & Insurance

$18M in assets, 77 participants

Palmetto State Bank's Palmetto State Bank Profit Sharing Plan reported $18M in total assets and 77 participants in its 2024 DOL Form 5500 filing, ranking in the 68th 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.

  • #4,508 in Finance & Insurance (8,549 peers)

What the 2024 filing shows

Palmetto State Bank Profit Sharing Plan holds $18M for 77 participants - about $235,922 per participant, above the median plan by assets.

#4,508
in Finance & Insurance (8,549 peers)
+3.4%
assets growth YoY

Palmetto State Bank Profit Sharing Plan's outsized position by total assets

Palmetto State Bank Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$18,166,026 Top 32% higher than 68% of 123,620 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 2024

Palmetto State Bank Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palmetto State Bank Profit Sharing Plan is a small filing (77 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palmetto State Bank Profit Sharing Plan reported net income rose from -$12K in the plan year 2023 filing to $604K in the plan year 2024 filing.
  • Palmetto State Bank Profit Sharing Plan end-of-year assets rose from $18M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Palmetto State Bank Profit Sharing Plan reported participants fell from 79 in the plan year 2023 filing to 77 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 570200135 · Palmetto State Bank PY 2024 · 401(k)

Palmetto State Bank Profit Sharing Plan · $18M · 77 · 68th

  • 5500 $18M
  • ASSETS 77
  • PCT 68th
  • EIN 401(k)
  • RANK near 66degrees, LLC 401(k) Plan
  • PHOTO ind #4508

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 →

Palmetto State Bank Profit Sharing Plan in the asset neighbourhood

Palmetto State Bank Profit Sharing PlanPalmetto State Bank Profit S…$18M66degrees, LLC 401(k) Plan$18MAbilis, Inc. Retirement Plan$18MMoore & Giles 401(k) Profit Sharing P&tMoore & Giles 401(k) Profit …$18MXcaliber International Retirement Savings PlanXcaliber International Retir…$18M
End-of-year total assets ($M) among Palmetto State Bank Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$18M
Net Income$604K
Employer EIN570200135
Plan Effective Date1961-01-19
Filing StatusFILING RECEIVED

Sponsor Plan History (Palmetto State Bank)

Sponsor-wide plan assets over time

All Palmetto State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$18M 3.368931244964499% vs 2022
2024 filing year
$17.4M$17.6M$17.8M$18M$18.2M$18.4M 202220232024 $17.6M $18.2M ▲ +3.4%
Year Plans Participants Total Assets
2022 1 76 $18M
2023 1 79 $18M
2024 1 77 $18M

Nearby 401(k) Plans in South Carolina

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

Palmetto State Bank Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants Palmetto State Bank Profit Sharing Plan, Total assets ($B): 0.018166026 · Participants: 77Palmetto State Bank Profit Sharing PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.477517422 · Participants: 15095Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.829914985 · Participants: 9296The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.663698617 · Participants: 11813Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.460862801 · Participants: 11878Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction PlanThe Milliken Retirement Plan, Total assets ($B): 1.350798497 · Participants: 5733The Milliken Retirement Plan
Palmetto State Bank Profit Sharing Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Palmetto State Bank Profit Sharing Plan side-by-side with 3 peers →

Palmetto State Bank Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is 66degrees, LLC 401(k) Plan in IL ($18M); by covered participants it is Winchester Emergency Physicians, P.C. 401(k) Profit Sharing Plan in PA (77 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Similar participant headcount

Nearest other-state filings by covered participants (77 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Palmetto State Bank Profit Sharing Plan assets move in 2024? ▼
Palmetto State Bank Profit Sharing Plan edged up modestly - up 3.4% during 2024, from $18M to $18M. Reported net income was $604K.
How have Palmetto State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palmetto State Bank's sponsor-wide assets grew 3.4%, from $18M to $18M.
Which 401(k) plans are similar in size to Palmetto State Bank Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is 66degrees, LLC 401(k) Plan in IL ($18M, 326 participants).
Which 401(k) plans cover a similar participant headcount to Palmetto State Bank Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Winchester Emergency Physicians, P.C. 401(k) Profit Sharing Plan in PA (77 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 570200135.

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.