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FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN 401k Plan overview

Plan NameFIRST FEDERAL OF SC, FSB 401(K) P/S PLAN
Plan identification number 002

FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FIRST FEDERAL OF SC, FSB has sponsored the creation of one or more 401k plans.

Company Name:FIRST FEDERAL OF SC, FSB
Employer identification number (EIN):571013549
NAIC Classification:522120
NAIC Description:Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JOHN D. DALTON2024-07-24
0022022-01-01JOHN DALTON2023-03-17
0022022-01-01JOHN DALTON2023-05-09
0022021-01-01JOHN DALTON2022-03-22
0022020-01-01JOHN DALTON2021-05-17
0022019-01-01JOHN DALTON2020-04-08
0022018-01-01JOHN DALTON2019-02-25
0022017-01-01JOHN DALTON2018-03-12

Plan Statistics for FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN

401k plan membership statisitcs for FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN

Measure Date Value
2025: FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN 2025 401k membership
Total number of particpants at beginning of year2025-08-2228
Total number of particpants at end of year2025-08-2229
Number of Participants With Account Balances2025-08-2225
2024: FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-2425
Total number of particpants at end of year2024-07-2425
Number of Participants With Account Balances2024-07-2425
2022: FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN 2022 401k membership
Total number of particpants at beginning of year2022-03-2225
Total number of particpants at end of year2022-03-2225
Number of Participants With Account Balances2022-03-2225

Financial Data on FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN

Measure Date Value
2025 : FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-08-220
Total expenses incurred by plan in this plan year2025-08-22352359
Net assets as of the end of the plan year2025-08-221216545
Total assets as of the beginning of the plan year2025-08-221193375
Value of plan covered by a fidelity bond2025-08-222000000
Participant contributions to plan in this plan year2025-08-22114316
Value of participant loans at end of plan year2025-08-2232578
Other contributions to plan in this plan year2025-08-221997
Other income to plan in this plan year2025-08-22110823
Plan net income in this plan year2025-08-2223170
Net assets as of the end of the plan year2025-08-221216545
Net assets as of the beginning of the plan year2025-08-221193375
Employer contributions to plan in this plan year2025-08-22148393
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-226556
2024 : FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-07-240
Total expenses incurred by plan in this plan year2024-07-2424184
Net assets as of the end of the plan year2024-07-241193375
Total assets as of the beginning of the plan year2024-07-24863526
Value of plan covered by a fidelity bond2024-07-242000000
Participant contributions to plan in this plan year2024-07-24117777
Value of participant loans at end of plan year2024-07-2434274
Other income to plan in this plan year2024-07-24130557
Plan net income in this plan year2024-07-24329849
Net assets as of the end of the plan year2024-07-241193375
Net assets as of the beginning of the plan year2024-07-24863526
Employer contributions to plan in this plan year2024-07-24105699
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-245052
2022 : FIRST FEDERAL OF SC, FSB 401(K) P/S PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-03-220
Total liabilities as of the beginning of the plan year2022-03-220
Total expenses incurred by plan in this plan year2022-03-2230961
Net assets as of the end of the plan year2022-03-22789952
Total assets as of the beginning of the plan year2022-03-22531558
Value of plan covered by a fidelity bond2022-03-22500000
Participant contributions to plan in this plan year2022-03-22100096
Value of participant loans at end of plan year2022-03-2212771
Other expenses paid from plan in this plan year2022-03-220
Other contributions to plan in this plan year2022-03-220
Other income to plan in this plan year2022-03-2267436
Plan net income in this plan year2022-03-22258394
Net assets as of the end of the plan year2022-03-22789952
Net assets as of the beginning of the plan year2022-03-22531558
Employer contributions to plan in this plan year2022-03-22121823
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-223438

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