401(k) · DOL Form 5500 · 2022
Southern Company Services, Inc. 401(k) Plan
Data updated 2026-08-06
- $7.8B
- Total assets
- 27,061
- Participants
- 100th
- Percentile by assets
- $287,049
- Avg per participant
Official DOL plan name: The Southern Company Employee Savings Plan · Sponsored by Southern Company Services, Inc. · Georgia · Utilities
$7.8B in assets, 27,061 participants
Southern Company Services, Inc.'s The Southern Company Employee Savings Plan reported $7.8B in total assets and 27,061 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 139,258 plans)
- #733 in Utilities (739 peers)
Coverage in Georgia
The Southern Company Employee Savings Plan covers 27,061 participants in Georgia, 24x the typical Georgia plan (state average ~1,126 per filing). Assets: $7.8B.
- $7.8B
- total plan assets (2022 EOY)
- 27,061
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $287,049
- avg assets per participant
The plan reported a net loss of $947M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Georgia filers
In Georgia, the average filing covers about 1,126 participants across 3,470 plans. The Southern Company Employee Savings Plan reports 27,061 participants - 24x that state average ($7.8B EOY assets).
Georgia filing particulars
| Total Assets (Beginning of Year) | $8.7B |
|---|---|
| Net Assets (End of Year) | $7.8B |
| Net Income | -$947M |
| Employer EIN | 630274273 |
| Plan Effective Date | 1976-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southern Company Services, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 52,724 | $22.6B |
| 2023 | 2 | 52,790 | $24.0B |
| 2024 | 2 | 53,645 | $24.6B |
Nearby 401(k) Plans in Georgia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Southern Company Employee Savings Plan vs. nearby 401(k) plans in Georgia, assets vs. participants
- The Teamster-UPS National 401(k) Tax Deferred Savings Plan $14.7B · 549,610
- Delta 401(k) Retirement Plan $13.2B · 72,820
- Delta 401(k) Retirement Plan for Pilots $11.5B · 12,193
- UPS 401 (K) Savings Plan $11.3B · 107,310
- The Home Depot Futurebuilder $10.7B · 423,174
Scale composition for The Southern Company Employee Savings Plan
The Southern Company Employee Savings Plan reports $7.8B in end-of-year assets across 27,061 participants (0.067% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.030% of 89,805,449 covered participants) - about $287,049 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2022 was -$947M.
This plan identity (EIN 630274273, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.8B to $9.3B (+19.7%) while covered participants moved from 27,061 to 27,802 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 27,061 | $7.8B | This page |
| 2023 | 27,549 | $8.4B | Open filing |
| 2024 · index core | 27,802 | $9.3B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- The Southern Company Pension Plan (Defined Benefit (Pension), $15.3B, 25,843 participants)
- The Southern Company Employee Savings Plan (401(k), $9.3B, 27,802 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Southern Company Employee Savings Plan by total assets, not by location.
- The Cargill Partnership Plan (MN) $7.7B · 27,564
- The Bank of New York Mellon Corporation 401(k) Savings Plan (PA) $7.8B · 25,071
- Siemens Savings Plan (NJ) $7.6B · 26,048
- The Progressive 401(k) Plan (OH) $7.6B · 50,299
Frequently Asked Questions
How did The Southern Company Employee Savings Plan assets move in 2022? ▼
How have Southern Company Services, Inc. plan assets changed over time? ▼
Where does The Southern Company Employee Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Southern Company Employee Savings Plan? ▼
Next read for The Southern Company Employee Savings Pl…
Filing takeaways
Ways to act on The Southern Company Employee Savings Plan's numbers.
- By total assets, The Southern Company Employee Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Georgia. Compare plans
- Southern Company Services, Inc.'s sponsor-wide assets have grown 9.0% since 2022 across 3 plan years on file. More Utilities plans