401(k) · DOL Form 5500 · 2024

Southern First Bank 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
292
Participants Below avg headcount
78th
Percentile by assets National rank
$106,475
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Southern First Bank 401(k) Plan · Sponsored by Southern First Bank · South Carolina · Finance & Insurance

$31M in assets, 292 participants

Southern First Bank's Southern First Bank 401(k) Plan reported $31M in total assets and 292 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,602 in Finance & Insurance (8,549 peers)

Where Southern First Bank 401(k) Plan sits by assets

Southern First Bank 401(k) Plan sits in the top quartile of all filed plans by assets, $31M for 292 participants (~$106,475/participant), up 17.0% in 2024.

#5,602
in Finance & Insurance (8,549 peers)
+17.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Southern First Bank 401(k) Plan's outsized position by total assets

Southern First Bank 401(k) Plan vs every filed plan by assets

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

$31,090,628 Top 22% higher than 78% 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

Southern First Bank 401(k) 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. Southern First Bank 401(k) Plan sits mid-pack in the medium band (292 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Southern First Bank 401(k) Plan reported net income fell from $6M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Southern First Bank 401(k) Plan end-of-year assets rose from $27M in the plan year 2023 filing to $31M in the plan year 2024 filing.
  • Southern First Bank 401(k) Plan reported participants rose from 284 in the plan year 2023 filing to 292 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 562184826 · Southern First Bank PY 2024 · 401(k)

Southern First Bank 401(k) Plan · $31M · 292 · 78th

  • PCT $31M
  • PCT 292
  • PCT 78th
  • PCT 401(k)
  • PCT near Blue Ridge Beverage Company, Inc. Profit Sharing Plan
  • PCT ind #5602

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 →

Southern First Bank 401(k) Plan in the asset neighbourhood

Southern First Bank 401(k) PlanSouthern First Bank 401(k) P…$31MBlue Ridge Beverage Company, Inc. Profit Sharing PlanBlue Ridge Beverage Company,…$31MGuttman Energy, Inc. Retirement Savings PlanGuttman Energy, Inc. Retirem…$31MBoyd Watterson Retirement PlanBoyd Watterson Retirement Pl…$31MResultant, LLC 401(k) Retirement PlanResultant, LLC 401(k) Retire…$31M
End-of-year total assets ($M) among Southern First Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$31M
Net Income$5M
Employer EIN562184826
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern First Bank)

Sponsor-wide plan assets over time

All Southern First Bank plans reported in each filing year

Latest sponsor-wide plan assets
$31M 50.34299658052753% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $20.7M $31.1M ▲ +50.3%
Year Plans Participants Total Assets
2022 1 262 $21M
2023 1 284 $27M
2024 1 292 $31M

Nearby 401(k) Plans in South Carolina

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

Southern First Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -1012345 Total assets ($B) Participants Southern First Bank 401(k) Plan, Total assets ($B): 0.031090628 · Participants: 292Southern First Bank 401(k) 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
Southern First Bank 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Southern First Bank 401(k) Plan side-by-side with 3 peers →

Southern First Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Blue Ridge Beverage Company, Inc. Profit Sharing Plan in VA ($31M); by covered participants it is Aspen Waste Systems, Inc. 401(k) Profit Sharing Plan in MN (292 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (292 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 Southern First Bank 401(k) Plan assets move in 2024? ▼
Southern First Bank 401(k) Plan grew sharply - up 17.0% during 2024, from $27M to $31M. Reported net income was $5M.
How have Southern First Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern First Bank's sponsor-wide assets grew 50.3%, from $21M to $31M.
Where does Southern First Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Southern First Bank 401(k) Plan ranks in the 78th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Southern First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Blue Ridge Beverage Company, Inc. Profit Sharing Plan in VA ($31M, 511 participants).
Which 401(k) plans cover a similar participant headcount to Southern First Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Aspen Waste Systems, Inc. 401(k) Profit Sharing Plan in MN (292 participants, $13M 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 562184826.

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.