ESOP · DOL Form 5500 · 2022

Southern Air Incorporated ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
600
Participants Below avg headcount
82nd
Percentile by assets National rank
$46,698
Avg per participant Low balance/head
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Official DOL plan name: Southern Air Incorporated Employee Stock Ownership Plan and Trust · Sponsored by Southern Air Incorporated · Virginia · Construction

$28M in assets, 600 participants

Southern Air Incorporated's Southern Air Incorporated Employee Stock Ownership Plan and Trust reported $28M in total assets and 600 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd 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.

  • #8,044 in Construction (9,927 peers)

Where Southern Air Incorporated Employee Stock Ownership Plan and Trust sits by assets

Southern Air Incorporated Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $28M for 600 participants (~$46,698/participant), up 6.1% in 2022.

#8,044
in Construction (9,927 peers)
+6.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Southern Air Incorporated Employee Stock Ownership Plan and Trust's outsized position by total assets

Southern Air Incorporated Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$28,018,601 Top 18% higher than 82% 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 Incorporated Employee Stock Ownership Plan and Trust 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 Incorporated Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (600 participants).

Published 5500 schedule card

Filing strip 540604377 · Southern Air Incorporated PY 2022 · ESOP

Southern Air Incorporated Employee Stock Ownership Plan and Trust · $28M · 600 · 82nd

  • BOOK $28M
  • VS-ST 600
  • BOY 82nd
  • SCH ESOP
  • EBSA near Robert D. Gilmore & Associates, Inc. Employee Stock Ownership Plan
  • PART ind #8044

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 Virginia →

Southern Air Incorporated Employee Stock Ownership Plan and Trust in the asset neighbourhood

Kirkwood Holding Inc. Employees' Stock Ownership Trust and PlanKirkwood Holding Inc. Employ…$28MSouthern Air Incorporated Employee Stock Ownership Plan and TrustSouthern Air Incorporated Em…$28MRobert D. Gilmore & Associates, Inc. Employee Stock Ownership PlanRobert D. Gilmore & Associat…$28MVon Tobel Corporation Employee Stock Ownership PlanVon Tobel Corporation Employ…$28MColonial Group, Inc. Employee Stock Ownership PlanColonial Group, Inc. Employe…$28M
End-of-year total assets ($M) among Southern Air Incorporated Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$28M
Net Income$2M
Employer EIN540604377
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Air Incorporated)

Sponsor-wide plan assets over time

All Southern Air Incorporated 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 ESOP Plans in Virginia

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

Southern Air Incorporated Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. 02000400060008000 -20002004006008001000 Total assets ($M) Participants Southern Air Incorporated Employee Stock Ownership Plan and Trust, Total assets ($M): 28.018601 · Participants: 600Southern Air Incorporated Employee Stock Ownership Plan and TrustNvr, Inc. Employee Stock Ownership Plan, Total assets ($M): 862.945849 · Participants: 6910Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($M): 301.066368 · Participants: 1695The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($M): 291.782297 · Participants: 1828American Systems Corporation Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($M): 287.62409 · Participants: 424New River Electrical Corporation Employee Stock Ownership PlanDavis H. Elliot Company, Incorporated Employee Stock Ownership Plan, Total assets ($M): 237.22873 · Participants: 1882Davis H. Elliot Company, Incorporated Employee Stock Ownership Plan
Southern Air Incorporated Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Southern Air Incorporated Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Southern Air Incorporated Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Robert D. Gilmore & Associates, Inc. Employee Stock Ownership Plan in PA ($28M); by covered participants it is The Bernard Group Inc. Employee Stock Ownership Plan in MN (601 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (600 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 Incorporated Employee Stock Ownership Plan and Trust assets move in 2022? ▼
Southern Air Incorporated Employee Stock Ownership Plan and Trust grew at a solid clip - up 6.1% during 2022, from $26M to $28M. Reported net income was $2M.
How have Southern Air Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Air Incorporated's sponsor-wide assets grew 39.8%, from $79M to $111M.
Where does Southern Air Incorporated Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Southern Air Incorporated Employee Stock Ownership Plan and Trust ranks in the 82nd 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 ESOP plans are similar in size to Southern Air Incorporated Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Robert D. Gilmore & Associates, Inc. Employee Stock Ownership Plan in PA ($28M, 165 participants).
Which ESOP plans cover a similar participant headcount to Southern Air Incorporated Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is The Bernard Group Inc. Employee Stock Ownership Plan in MN (601 participants, $108M 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.