First Palmetto Bank Retirement Plan — Form 5500 plan (First Palmetto Bank)
Plain-English plan 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, First Palmetto Bank Retirement Plan is a benefit plan reported by First Palmetto Bank under EIN 57-0921408 and plan number 002. The latest loaded filing year is 2023. The filing reports 265 participants and $14,460,883 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$14.5MPlan net assets, end of year$14,460,836
Participants265Covered participants reported
Assets / participant$54.6KComputed: assets ÷ participants$54,569 (computed)
Provider compensation$3.1K1 Schedule C provider row(s)$3,061
- Plan sponsor
- First Palmetto Bank
- EIN
- 57-0921408
- Plan number
- 002
- Plan type
- 2
- Location
- Camden, SC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 265 | H, C | 20240723094301NAL0017933152001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$14.5M total assets
Net assets$14.5MLiabilities$47
Full reported line items
Net assets
- Total assets (EOY)
- $14,460,883
- Total liabilities (EOY)
- $47
- Net assets (EOY)
- $14,460,836
- Net assets (BOY)
- $13,939,907
Income & contributions
- Employer contributions
- $1,129,182
- Participant contributions
- $556,380
- Total contributions
- $1,746,006
- Total income / additions
- $2,082,193
Expenses & distributions
- Benefits paid
- $1,523,180
- Administrative expenses
- $38,084
- Total expenses
- $1,561,264
- Net increase / (decrease)
- $520,929
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
67%33%
Employer 67%Participant 33%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income73%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Company | RECORDKEEPER | $3,061 | $0 | 2023 |