Profit Sharing · DOL Form 5500 · 2024

First Palmetto Bank Profit Sharing Plan

Data updated 2026-07-24

$15M
Total assets: 157
Participants: 64th
Percentile by assets: $92,921
Avg per participant

Official DOL plan name: First Palmetto Bank Retirement Plan · Sponsored by First Palmetto Bank · South Carolina · Finance & Insurance

$15M in assets, 157 participants

First Palmetto Bank's First Palmetto Bank Retirement Plan reported $15M in total assets and 157 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

64th percentile by assets (of 116,472 plans)

Coverage in South Carolina

First Palmetto Bank Retirement Plan covers 157 participants in South Carolina, about 42% of the average South Carolina filer (state average ~376 per filing). Assets: $15M.

$15M
total plan assets (2024 EOY): 157
covered participants: 64th
percentile by assets (of 116,472 plans): $92,921
avg assets per participant

First Palmetto Bank Retirement Plan reported net income fell from $521K in the plan year 2023 filing to $128K in the plan year 2024 filing.
First Palmetto Bank Retirement Plan reported participants fell from 160 in the plan year 2023 filing to 157 in the plan year 2024 filing.
First Palmetto Bank Retirement Plan end-of-year assets rose from $14M in the plan year 2023 filing to $15M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

South Carolina

Industry

Finance & Insurance

Participants vs South Carolina filers

In South Carolina, the average filing covers about 376 participants across 1,417 plans. First Palmetto Bank Retirement Plan reports 157 participants - about 42% of that state average ($15M EOY assets).

South Carolina filing particulars

Total Assets (Beginning of Year)	$14M
Net Assets (End of Year)	$15M
Net Income	$128K
Employer EIN	570921408
Plan Effective Date	1981-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (First Palmetto Bank)

Total plan assets by year, all First Palmetto Bank plans on file

Year	Plans	Participants	Total Assets
2022	1	158	$14M
2023	1	160	$14M
2024	1	157	$15M

Nearby Profit Sharing Plans in South Carolina

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

First Palmetto Bank Retirement Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants

Prisma Health Retirement Savings Plan $2.2B · 29,201
Profit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & Stewart $249M · 2,275
Usc School of Medicine Educational Trust Retirement Plan $52M · 191
Uricchio, Howe & Krell, P. a. Profit Sharing Plan $21M · 22
Spartanburg Methodist College 403(b) Plan $14M · 162

Compare First Palmetto Bank Retirement Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to First Palmetto Bank Retirement Plan by total assets, not by location.

Local 743 Severance and Retirement Plan (IL) $15M · 2,931
Sager & Sager Associates Profit Sharing Plan (PA) $15M · 4
Medinatura, Inc. Retirement Plan (NM) $15M · 31
Selfhelp Community Services, Inc. 403(b) Plan (NY) $15M · 1,767

Frequently Asked Questions

How did First Palmetto Bank Retirement Plan assets move in 2024? ▼

First Palmetto Bank Retirement Plan held essentially flat - up 0.9% during 2024, from $14M to $15M. Reported net income was $128K.

How have First Palmetto Bank plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), First Palmetto Bank's sponsor-wide assets grew 4.7%, from $14M to $15M.

Which Profit Sharing plans are similar in size to First Palmetto Bank Retirement Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Local 743 Severance and Retirement Plan in IL ($15M, 2,931 participants).

Next read for First Palmetto Bank Retirement Plan

Filing takeaways

Ways to act on First Palmetto Bank Retirement Plan's numbers.

By total assets, First Palmetto Bank Retirement Plan ranks above the median plan by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in South Carolina. Compare plans
First Palmetto Bank's sponsor-wide assets have grown 4.7% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 570921408.

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.