Plan Snapshot
- Plan Sponsor: First Palmetto Bank
- Sponsor EIN: 570921408
- Sponsor Address: P.O. BOX 430, CAMDEN, SC, 290200430
- Plan Type: DC
- Total Participants: 161
- Total Assets: $14.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 161 | $14.6M | $1.2M | $538,136 |
| 2023 | 157 | $14.5M | $1.1M | $556,380 |
| 2022 | 160 | $13.9M | $1.1M | $496,757 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCOTT AND COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCOTT AND COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $53,737 | $17,212 | $4,950 | — | — |
| 2023 | $38,084 | $11,474 | $12,018 | — | — |
| 2022 | $19,587 | — | $8,176 | — | $11,411 |