Plan Ledger DOL Form 5500 · updated monthly

Countybank401(k)

COUNTYBANK 401(K) PLAN · GREENWOOD, SC · plan year 2024

Reported admin expense ratio · 2024
0.21%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Countybank reported $57,723 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $5,206 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.01% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 197th-largest of 807 plans among South Carolina employers on file, and 2,509th of 4,798 in finance & insurance. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,200,851
Participants with balances168
Active participants168
Employer contributions$874,571
Employee contributions$1,355,243
Employer contribution per active participant$5,206
Average account balance$167,862
Benefits paid to participants$4,027,436
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT DAVIS LLC/PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$28.2M · 168 accts · $875K emplr
2023$26.0M · 175 accts · $778K emplr
2022$20.6M · 165 accts · $798K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,723
Total administrative$57,723
The Countybank 401(k) match · 2024
Employer contribution per active participant$5,206
Median for plans this size$2,416
2024$5,206 per active participant
2023$4,447 per active participant
2022$4,611 per active participant

Countybank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PENTEGRA SERVICES INC. · Contract administrator$58,648

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$57,723 · 0.21%
2023$48,386 · 0.21%
2022$1,305 · 0.01%
Same employer
Similar plansFinance & Insurance · South Carolina
Safe Federal Credit Union SC$37.7M · 0.25%
Bank of Travelers Rest SC$35.6M · 0.31%
Southern First Bank SC$31.1M · 0.38%
The Citizens Bank SC$27.7M · 0.04%
Global Lending Services LLC SC$27.1M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570147610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.