Southern First Bank 401(k) match, vesting and fees
What Southern First Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Elliott Davis (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2025 medians for 1,478 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Southern First Bank: employer contribution per participant | $3,331 | |
| Peer median | $3,122 |
| Southern First Bank: average balance | $105,184 | |
| Peer median | $111,687 |
| Southern First Bank: admin expenses ÷ assets | 0.35% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $23.3M at the end of plan year 2021 to $38.2M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 401 | $38.2M | $1.2M | $3,331 | 0.35% | Not published | Form 5500 ↗ |
| 2024 | 355 | $31.1M | $1.1M | $3,326 | 0.38% | Not published | Form 5500 ↗ |
| 2023 | 346 | $26.6M | $1.1M | $3,298 | 0.40% | Not published | Form 5500 ↗ |
| 2022 | 325 | $20.7M | $1M | $3,194 | 0.59% | Not published | Form 5500 ↗ |
| 2021 | 294 | $23.3M | $882K | $3,020 | 0.27% | Not published | Form 5500 ↗ |
Common questions
Does Southern First Bank match 401(k) contributions?
The match terms for the Southern First Bank 401(k) Plan have not been published from its filing yet. The plan year 2025 filing reports $1.2M in employer contributions, about $3,331 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Southern First Bank 401(k) match vested?
The vesting schedule for the Southern First Bank 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Southern First Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Empower Annuity Insurance Company. The plan administrator is Southern First Bank.
I left Southern First Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Southern First Bank, (864) 679-9077) or the recordkeeper, Empower Annuity Insurance Company. The Southern First Bank old 401(k) page lists the contacts from every plan filing. Find an old Southern First Bank 401(k)
Data from the public Form 5500 annual reports Southern First Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Southern First Bank. Not financial advice. Report a correction · Methodology