First Reliance Bank401(k) + ESOP (KSOP)
FIRST RELIANCE BANK EMPLOYEE STOCK OWNERSHIP PLAN · FLORENCE, SC · plan year 2025
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
First Reliance Bank reported $93,885 in plan administrative expenses for 2025: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,011 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 3 years on file its reported administrative ratio rose from 0.28% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 278th-largest of 807 plans among South Carolina employers on file, and 3,111th of 4,798 in finance & insurance. In 2025, employees put in $2.32 for every $1.00 the employer contributed.
First Reliance Bank's 2025 employer contribution ran above the $2,666 median for plans its size. 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.
Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left First Reliance Bank before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 582463842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.