ESOP · DOL Form 5500 · 2022

The Southern Banc Company, Inc. ESOP

Data updated 2026-08-25

$308K
Total assets Small plan by assets
19
Participants Small participant base
14th
Percentile by assets National rank
$16,228
Avg per participant Low balance/head
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Official DOL plan name: The Southern Banc Company, Inc. Employee Stock Ownership Plan · Sponsored by The Southern Banc Company, Inc. · Alabama · Management of Enterprises

$308K in assets, 19 participants

The Southern Banc Company, Inc.'s The Southern Banc Company, Inc. Employee Stock Ownership Plan reported $308K in total assets and 19 participants in its 2022 DOL Form 5500 filing, ranking in the 14th 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.

  • #92 in Management of Enterprises (1,193 peers)

2022 asset change

The Southern Banc Company, Inc. Employee Stock Ownership Plan grew at a solid clip 14.5% in 2022 ($269K → $308K) for 19 participants.

#92
in Management of Enterprises (1,193 peers)
+14.5%
assets growth YoY

The Southern Banc Company, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

The Southern Banc Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$308,325 14th percentile higher than 14% 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

The Southern Banc Company, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Southern Banc Company, Inc. Employee Stock Ownership Plan is a small filing (19 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 631146351 · The Southern Banc Company, Inc. PY 2022 · ESOP

The Southern Banc Company, Inc. Employee Stock Ownership Plan · $308K · 19 · 14th

  • PART $308K
  • PART 19
  • PART 14th
  • PART ESOP
  • PART near Northern X-Ray Company Employee Stock Ownership Plan
  • PART ind #92

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 What is an ESOP? → · Plans in Alabama →

The Southern Banc Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Southern Banc Company, Inc. Employee Stock Ownership PlanThe Southern Banc Company, I…$308KNorthern X-Ray Company Employee Stock Ownership PlanNorthern X-Ray Company Emplo…$308KJ&c Administrative Services, Inc., Employee Stock Ownership PlanJ&c Administrative Services,…$309KThe Dude Abides Employee Stock Ownership PlanThe Dude Abides Employee Sto…$309KIncal Technology, Inc. Employee Stock Ownership PlanIncal Technology, Inc. Emplo…$309K
End-of-year total assets ($M) among The Southern Banc Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

The Southern Banc Company, Inc. years around the 2022 move

Sponsor-wide plan assets over time

All The Southern Banc Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$278K 9.837995621503284% vs 2022
2024 filing year
$0.27M$0.28M$0.29M$0.3M$0.31M$0.32M 202220232024 $0.31M $0.28M ▼ -9.7%
Year Plans Participants Total Assets
2022 1 19 $308K
2023 1 22 $291K
2024 1 22 $278K

2022 asset-move particulars

Total Assets (Beginning of Year)$269K
Net Assets (End of Year)$308K
Net Income$39K
Employer EIN631146351
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Alabama

Peer ESOP plans, same state, same plan type, ranked by total assets.

The Southern Banc Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -500050010001500 -1000100200300400500 Total assets ($M) Participants The Southern Banc Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.308325 · Participants: 19The Southern Banc Company, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 388.874122 · Participants: 1314Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 163.711693 · Participants: 231Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 126.162 · Participants: 130Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 120.092479 · Participants: 853Radiance Technologies, Inc. Employee Stock Ownership Plan
The Southern Banc Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare The Southern Banc Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

The Southern Banc Company, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Alabama, the nearest ESOP by assets is Northern X-Ray Company Employee Stock Ownership Plan in MN ($308K); by covered participants it is N-Link Corporation Employee Stock Ownership Plan in OR (19 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (19 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 The Southern Banc Company, Inc. Employee Stock Ownership Plan assets move in 2022? ▼
The Southern Banc Company, Inc. Employee Stock Ownership Plan grew at a solid clip - up 14.5% during 2022, from $269K to $308K. Reported net income was $39K.
How have The Southern Banc Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Southern Banc Company, Inc.'s sponsor-wide assets declined 9.8%, from $308K to $278K.
Where does The Southern Banc Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The Southern Banc Company, Inc. Employee Stock Ownership Plan ranks in the 14th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to The Southern Banc Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Northern X-Ray Company Employee Stock Ownership Plan in MN ($308K, 69 participants).
Which ESOP plans cover a similar participant headcount to The Southern Banc Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is N-Link Corporation Employee Stock Ownership Plan in OR (19 participants, $730K 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 631146351.

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.