401(k) · DOL Form 5500 · 2022

Southern Air Inc. 401(k) Plan

Data updated 2026-08-25

$51M
Total assets Below avg plan size
685
Participants Below avg headcount
88th
Percentile by assets National rank
$74,953
Avg per participant Below avg balance/head
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Official DOL plan name: Southern Air, Inc. Cash or Deferred Profit Sharing Plan · Sponsored by Southern Air Inc. · Virginia · Construction

$51M in assets, 685 participants

Southern Air Inc.'s Southern Air, Inc. Cash or Deferred Profit Sharing Plan reported $51M in total assets and 685 participants in its 2022 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,599 in Construction (9,927 peers)

Where Southern Air, Inc. Cash or Deferred Profit Sharing Plan sits by assets

Southern Air, Inc. Cash or Deferred Profit Sharing Plan sits in the top quartile of all filed plans by assets, $51M for 685 participants (~$74,953/participant), down 17.7% in 2022.

#8,599
in Construction (9,927 peers)
-17.7%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southern Air, Inc. Cash or Deferred Profit Sharing Plan's outsized position by total assets

Southern Air, Inc. Cash or Deferred Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$51,342,729 Top 12% higher than 88% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Southern Air, Inc. Cash or Deferred Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southern Air, Inc. Cash or Deferred Profit Sharing Plan sits mid-pack in the medium band (685 participants).

Plan-year Form 5500 strip

Filing strip 540604377 · Southern Air Inc. PY 2022 · 401(k)

Southern Air, Inc. Cash or Deferred Profit Sharing Plan · $51M · 685 · 88th

  • ASSETS $51M
  • PCT 685
  • EIN 88th
  • RANK 401(k)
  • PHOTO near Aegis Aerospace, Inc. 401(k) Plan
  • IND ind #8599

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Virginia →

Southern Air, Inc. Cash or Deferred Profit Sharing Plan in the asset neighbourhood

Southern Air, Inc. Cash or Deferred Profit Sharing PlanSouthern Air, Inc. Cash or D…$51MAegis Aerospace, Inc. 401(k) PlanAegis Aerospace, Inc. 401(k)…$51MMidlantic Urology 401(k) Profit Sharing PlanMidlantic Urology 401(k) Pro…$51MMarketwise Solutions LLC Savings and Retirement PlanMarketwise Solutions LLC Sav…$51MCem Corporation Salary Reduction Profit Sharing PlanCem Corporation Salary Reduc…$51M
End-of-year total assets ($M) among Southern Air, Inc. Cash or Deferred Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$62M
Net Assets (End of Year)$51M
Net Income-$11M
Employer EIN540604377
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Air Inc.)

Sponsor-wide plan assets over time

All Southern Air Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$111M 39.811914694474% vs 2022
2024 filing year
$70M$80M$90M$100M$110M$120M 202220232024 $79.4M $111M ▲ +39.8%
Year Plans Participants Total Assets
2022 2 1,285 $79M
2023 2 1,353 $94M
2024 2 1,355 $111M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Southern Air, Inc. Cash or Deferred Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Southern Air, Inc. Cash or Deferred Profit Sharing Plan, Total assets ($B): 0.051342729 · Participants: 685Southern Air, Inc. Cash or Deferred Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employees' Savings and Investment Plan
Southern Air, Inc. Cash or Deferred Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Southern Air, Inc. Cash or Deferred Profit Sharing Plan side-by-side with 3 peers →

Southern Air, Inc. Cash or Deferred Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Aegis Aerospace, Inc. 401(k) Plan in TX ($51M); by covered participants it is Shutterstock, Inc. 401(k) Plan in NY (685 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (685 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Southern Air, Inc. Cash or Deferred Profit Sharing Plan assets move in 2022? ▼
Southern Air, Inc. Cash or Deferred Profit Sharing Plan declined sharply - down 17.7% during 2022, from $62M to $51M. Reported net income was -$11M.
How have Southern Air Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Air Inc.'s sponsor-wide assets grew 39.8%, from $79M to $111M.
Where does Southern Air, Inc. Cash or Deferred Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Southern Air, Inc. Cash or Deferred Profit Sharing Plan ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Southern Air, Inc. Cash or Deferred Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Aegis Aerospace, Inc. 401(k) Plan in TX ($51M, 354 participants).
Which 401(k) plans cover a similar participant headcount to Southern Air, Inc. Cash or Deferred Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Shutterstock, Inc. 401(k) Plan in NY (685 participants, $73M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 540604377.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.