401(k) · DOL Form 5500 · 2024

First Reliance Bank 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
178
Participants Small participant base
67th
Percentile by assets National rank
$94,106
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

$17M in assets, 178 participants

First Reliance Bank's First Reliance Bank Employee Stock Ownership Plan reported $17M in total assets and 178 participants in its 2024 DOL Form 5500 filing, ranking in the 67th 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.

  • #4,367 in Finance & Insurance (8,549 peers)

Coverage in South Carolina

First Reliance Bank Employee Stock Ownership Plan covers 178 participants in South Carolina, about 48% of the average South Carolina filer (state average ~369 per filing). Assets: $17M.

#4,367
in Finance & Insurance (8,549 peers)
+18.0%
assets growth YoY

First Reliance Bank Employee Stock Ownership Plan's outsized position by total assets

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

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

$16,750,834 Top 33% higher than 67% 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

First Reliance Bank Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2024 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 (178 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • First Reliance Bank Employee Stock Ownership Plan reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • First Reliance Bank Employee Stock Ownership Plan end-of-year assets rose from $14M in the plan year 2023 filing to $17M in the plan year 2024 filing.
  • First Reliance Bank Employee Stock Ownership Plan reported participants fell from 183 in the plan year 2023 filing to 178 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 582463842 · First Reliance Bank PY 2024 · 401(k)

First Reliance Bank Employee Stock Ownership Plan · $17M · 178 · 67th

  • IND $17M
  • EOY 178
  • 5500 67th
  • ASSETS 401(k)
  • PCT near Roland Foods, LLC Retirement Benefit Plan
  • EIN ind #4367

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…$17MRoland Foods, LLC Retirement Benefit PlanRoland Foods, LLC Retirement…$17MBench Craft Company 401(k) PlanBench Craft Company 401(k) P…$17MJ.M. Equipment Company, Inc., Profit Sharing 401(k) PlanJ.M. Equipment Company, Inc.…$17MZiemer, Stayman, Weitzel & Shoulders 401(k) Profit Sharing PlanZiemer, Stayman, Weitzel & S…$17M
End-of-year total assets ($M) among First Reliance Bank Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

South Carolina filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$17M
Net Income$3M
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): 0.016750834 · Participants: 178First Reliance Bank Employee Stock Ownership 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
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 Roland Foods, LLC Retirement Benefit Plan in NY ($17M); by covered participants it is Bauer's Intelligent Transportation, Inc. 401(k) Plan in CA (178 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (178 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 First Reliance Bank Employee Stock Ownership Plan assets move in 2024? ▼
First Reliance Bank Employee Stock Ownership Plan grew sharply - up 18.0% during 2024, from $14M to $17M. Reported net income was $3M.
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 Roland Foods, LLC Retirement Benefit Plan in NY ($17M, 157 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 Bauer's Intelligent Transportation, Inc. 401(k) Plan in CA (178 participants, $2M 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 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.