# First Palmetto Bank DC Plan
Source: https://planprovider.pro/companies/first-palmetto-bank-plan-002

> First Palmetto Bank's DC plan: 161 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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