401k Record

Employers › First Community Bank

First Community Bank 401(k)

Recordkeeping fees per participant · First Community Bank 401(k) Plan · plan year 2024

$236.07

Higher than 93% of the 7,477 plans $1 to 10M that report it.

Source

= $25,259 / 107
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250909052518NAL0019911281001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909052518NAL0019911281001, received 2025-09-09

10th: $11.10median $71.5290th: $209.21

Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-09.

Cost and contributions

Administrative expenses excluding investment management, per participant

$236.07

10th: $13.66median $103.3390th: $302.77

Higher than 83% of the 14,713 plans $1 to 10M that report it.

Source

= $25,259 / 107
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250909052518NAL0019911281001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909052518NAL0019911281001, received 2025-09-09

Administrative expenses per participant

$236.07

10th: $19.42median $150.2790th: $370.75

Higher than 70% of the 15,210 plans $1 to 10M that report it.

Source

= $25,259 / 107
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250909052518NAL0019911281001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909052518NAL0019911281001, received 2025-09-09

Administrative expenses as a share of assets

0.329%

10th: 0.069%median 0.519%90th: 1.146%

Higher than 32% of the 15,243 plans $1 to 10M that report it.

Source

= $25,259 / $7,679,216
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250909052518NAL0019911281001, received 2025-09-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250909052518NAL0019911281001, received 2025-09-09

Employer contributions per participant

$4,123

10th: $357median $1,32390th: $2,861

Higher than 97% of the 13,342 plans $1 to 10M that report it.

Source

= $441,167 / 107
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250909052518NAL0019911281001, received 2025-09-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909052518NAL0019911281001, received 2025-09-09

Employer share of total contributions

43.4%

10th: 11.9%median 28.9%90th: 43.6%

Higher than 90% of the 13,370 plans $1 to 10M that report it.

Source

= $441,167 / $1,017,521
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250909052518NAL0019911281001, received 2025-09-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250909052518NAL0019911281001, received 2025-09-09

Plan terms, as stated in First Community Bank's SEC filings

Plan terms are described in First Community Bank's SEC filings: Form 11-K filed 2026-06-26 and Form 10-K filed 2026-03-16. No term could be quoted from them with the required precision.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250909052518NAL0019911281001, received 2025-09-09

Full record, First Community Bank 401(k) Plan

FieldValueSource
Plan sponsorFIRST COMMUNITY BANKForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250909052518NAL0019911281001, received 2025-09-09
Plan nameFIRST COMMUNITY BANK 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250909052518NAL0019911281001, received 2025-09-09
Sponsor EIN / plan number74-2058750 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250909052518NAL0019911281001, received 2025-09-09
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250909052518NAL0019911281001, received 2025-09-09
Sponsor locationHARLINGEN, TXForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250909052518NAL0019911281001, received 2025-09-09
Industry (business code)522110, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250909052518NAL0019911281001, received 2025-09-09
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250909052518NAL0019911281001, received 2025-09-09
Filing received2025-09-09Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250909052518NAL0019911281001, received 2025-09-09
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250909052518NAL0019911281001, received 2025-09-09
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250909052518NAL0019911281001, received 2025-09-09
Participants, beginning of year125Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250909052518NAL0019911281001, received 2025-09-09
Active participants116Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250909052518NAL0019911281001, received 2025-09-09
Participants, end of year125Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250909052518NAL0019911281001, received 2025-09-09
Participants with an account balance107Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250909052518NAL0019911281001, received 2025-09-09
Total assets, beginning of year$7,632,796Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250909052518NAL0019911281001, received 2025-09-09
Total assets, end of year$7,679,216Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250909052518NAL0019911281001, received 2025-09-09
Net assets, end of year$7,679,216Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250909052518NAL0019911281001, received 2025-09-09
Total income$1,815,995Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250909052518NAL0019911281001, received 2025-09-09
Net income$46,420Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250909052518NAL0019911281001, received 2025-09-09
Employer contributions$441,167Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250909052518NAL0019911281001, received 2025-09-09
Participant contributions$576,181Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250909052518NAL0019911281001, received 2025-09-09
Other contributions (incl. rollovers)$173Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250909052518NAL0019911281001, received 2025-09-09
Total contributions$1,017,521Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250909052518NAL0019911281001, received 2025-09-09
Benefit payments$1,720,318Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250909052518NAL0019911281001, received 2025-09-09
Total expenses (incl. benefit payments)$1,769,575Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250909052518NAL0019911281001, received 2025-09-09
Total administrative expenses$25,259Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250909052518NAL0019911281001, received 2025-09-09
Recordkeeping fees$25,259Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250909052518NAL0019911281001, received 2025-09-09
Administrative expenses excluding investment management$25,259derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250909052518NAL0019911281001, received 2025-09-09
Held in common/collective trusts$168,307Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250909052518NAL0019911281001, received 2025-09-09
Held in mutual funds$7,187,699Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250909052518NAL0019911281001, received 2025-09-09
Independent auditorCLIFTONLARSONALLEN LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250909052518NAL0019911281001, received 2025-09-09

Position = column in the DOL layout for form year 2024. Filing 20250909052518NAL0019911281001, received 2025-09-09.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
ADP, INC.recordkeeperRECORD KEEPER 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees $25,258yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250909052518NAL0019911281001, received 2025-09-09.

What changed since the 2023 plan year

Figure20232024Change
Total assets$7,632,796$7,679,2160.6%
Participants with a balance1061070.9%
Administrative expenses$25,057$25,2590.8%
Recordkeeping fees per participant$236.39$236.07-0.1%
Employer contributions$409,262$441,1677.8%

Prior filing 20240830051738NAL0008201987001, received 2024-08-30; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: FIRST COMMUNITY BANK; SEC registrant: FIRST COMMUNITY CORP /SC/ (CIK 932781, matched by 11-K plan title).