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Sponsor portfolioWelfare / HealthEIN 26-1366826

SOUTH ATLANTIC BANK

630 29TH AVE NORTH · MYRTLE BEACH, SC 29577
8438395976
Plans filed
3
Years active
2015–2025
Industry
NAICS 52
Latest filing
2025
Total premiums (latest)
$278K
No prior year
Persons covered
296
No prior year
Total participants
166
No prior year
Plans filed
3
No prior year

Plans under this sponsor

3 plans
Plan #501$1.4M
SOUTH CAROLINA BANKERS EMPLOYEE BENEFIT TRUST
Fully insured231 covered·2 carriers
Primary: BLUE CROSS BLUE SHIELD OF SOUTH CAROLINA
Plan #502$281K
SOUTH ATLANTIC BANK WELFARE BENEFIT PLAN
Fully insured288 covered·2 carriers
Primary: PRINCIPAL LIFE INSURANCE COMPANY
Plan #503$278K
SOUTH ATLANTIC BANK HEALTH & WELFARE PLAN
Mixed296 covered·2 carriers
Primary: PRINCIPAL LIFE INSURANCE COMPANY

Coverage overview

Aggregate, latest year
Benefit typePremiumShareDistribution
Dental$263K24.6%
Life$263K24.6%
Short-term disability$263K24.6%
Long-term disability$263K24.6%
Vision$15K1.4%

Carrier overview

2 carriers · all plans
CarrierCoverageTotal premiumSharePlansContractsCovered
PRINCIPAL LIFE INSURANCE COMPANY
EIN 420127290
DLSTDLTD
$263K94.5%11296
SUN LIFE ASSURANCE COMPANY OF CANADA
EIN 381082080
V
$15K5.5%11107

Broker overview

3 brokers · all plans
BrokerLocCarriersCommissionsFeesTotal compSharePlans
CAROLINA INSURANCE GROUPMYRTLE BEACH, SCPRINCIPAL LIFE INSURANCE COMPANY$23K$0$23K58.6%1
THE CASON GROUP INCCOLUMBIA, SCPRINCIPAL LIFE INSURANCE COMPANY, SUN LIFE ASSURANCE COMPANY OF CANADA$762$14K$15K37.5%1
REMEDY ADVISORS LLCYORK, SCSUN LIFE ASSURANCE COMPANY OF CANADA$2K$0$2K3.9%1

History & trajectory

11 years · all plans
Total premiums
Summed across all plans for this sponsor.
Persons covered
EOY headcount summed across all plans.
Carrier mix
Premium by top carriers, summed across plans.
Broker compensation
Comp by top brokers, summed across plans.

Policy details

Latest year, by plan
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