2023 Form 5500 filing — First Palmetto Bank Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240723094301NAL0017933152001) for First Palmetto Bank Retirement Plan, reported by First Palmetto Bank under EIN 57-0921408 and plan number 002. It reports 265 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$14.5MReported net assets$14,460,836
Participants265
Provider compensation$3.1K1 Schedule C row(s)$3,061
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240723094301NAL0017933152001
- Plan sponsor
- First Palmetto Bank
- EIN
- 57-0921408
- Plan number
- 002
- Location
- Camden, SC
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$14.5M total assets
Net assets$14.5MLiabilities$47
Full reported line items
- Total assets (EOY)
- $14,460,883
- Total liabilities (EOY)
- $47
- Net assets (EOY)
- $14,460,836
- Employer contributions
- $1,129,182
- Participant contributions
- $556,380
- Total income / additions
- $2,082,193
- Benefits paid
- $1,523,180
- Administrative expenses
- $38,084
- Total expenses
- $1,561,264
- Net increase / (decrease)
- $520,929
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Insurance Company | RECORDKEEPER | $3,061 | $0 |