Defined Benefit (Pension) · DOL Form 5500 · 2022

Southern Bank and Trust Company Pension Plan

Data updated 2026-08-25

$87M
Total assets Below avg plan size
197
Participants Below avg headcount
92nd
Percentile by assets National rank
$440,333
Avg per participant High balance/head
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Official DOL plan name: Southern Bank and Trust Company Pension Plan · Sponsored by Southern Bank and Trust Company · North Carolina · Finance & Insurance

$87M in assets, 197 participants

Southern Bank and Trust Company's Southern Bank and Trust Company Pension Plan reported $87M in total assets and 197 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #8,065 in Finance & Insurance (9,261 peers)

Coverage in North Carolina

Southern Bank and Trust Company Pension Plan covers 197 participants in North Carolina, about 24% of the average North Carolina filer (state average ~819 per filing). Assets: $87M.

#8,065
in Finance & Insurance (9,261 peers)
-22.6%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $25M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southern Bank and Trust Company Pension Plan's outsized position by total assets

Southern Bank and Trust Company Pension Plan vs every filed plan by assets

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

$86,745,635 Top 8% higher than 92% 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 Bank and Trust Company Pension 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 Bank and Trust Company Pension Plan sits mid-pack in the medium band (197 participants).

DOL schedule card

Filing strip 560132260 · Southern Bank and Trust Company PY 2022 · Defined Benefit (Pension)

Southern Bank and Trust Company Pension Plan · $87M · 197 · 92nd

  • IND $87M
  • IND 197
  • IND 92nd
  • IND Defined Benefit (Pension)
  • IND near Sharp Electronics Corporation Pension Plan
  • IND ind #8065

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 Finance & Insurance retirement plans → · Plans in North Carolina →

Southern Bank and Trust Company Pension Plan in the asset neighbourhood

Baker Commodities Employees' Pension PlanBaker Commodities Employees'…$87MThe Lincoln Center Pension PlanThe Lincoln Center Pension P…$87MSharp Electronics Corporation Pension PlanSharp Electronics Corporatio…$87MSouthern Bank and Trust Company Pension PlanSouthern Bank and Trust Comp…$87MTeamsters Local 814 Pension FundTeamsters Local 814 Pension …$87M
End-of-year total assets ($M) among Southern Bank and Trust Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$112M
Net Assets (End of Year)$87M
Net Income-$25M
Employer EIN560132260
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Bank and Trust Company)

Sponsor-wide plan assets over time

All Southern Bank and Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$175M 18.33213335262524% vs 2022
2024 filing year
$140M$150M$160M$170M$180M 202220232024 $148M $175M ▲ +18.3%
Year Plans Participants Total Assets
2022 3 805 $148M
2023 3 776 $167M
2024 3 765 $175M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Southern Bank and Trust Company Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants Southern Bank and Trust Company Pension Plan, Total assets ($B): 0.086745635 · Participants: 197Southern Bank and Trust Company Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 17.0193439 · Participants: 12452Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 12.462364023 · Participants: 37931Truist Financial Corporation Pension PlanDuke Energy Legacy Pension Plan, Total assets ($B): 4.0414 · Participants: 346Duke Energy Legacy Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 3.182 · Participants: 16132Duke Energy Retirement Cash Balance PlanTime Warner Cable Pension Plan, Total assets ($B): 2.583220843 · Participants: 18624Time Warner Cable Pension Plan
Southern Bank and Trust Company Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Southern Bank and Trust Company Pension Plan side-by-side with 3 peers →

Southern Bank and Trust Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Sharp Electronics Corporation Pension Plan in NJ ($87M); by covered participants it is Kansas City Life Insurance Company Cash Balance Pension Plan in MO (197 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($87M here).

Similar participant headcount

Nearest other-state filings by covered participants (197 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 Bank and Trust Company Pension Plan assets move in 2022? ▼
Southern Bank and Trust Company Pension Plan declined sharply - down 22.6% during 2022, from $112M to $87M. Reported net income was -$25M.
How have Southern Bank and Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Bank and Trust Company's sponsor-wide assets grew 18.3%, from $148M to $175M.
Where does Southern Bank and Trust Company Pension Plan rank by assets among Form 5500 filers? ▼
Southern Bank and Trust Company Pension Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Southern Bank and Trust Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sharp Electronics Corporation Pension Plan in NJ ($87M, 119 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Southern Bank and Trust Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Kansas City Life Insurance Company Cash Balance Pension Plan in MO (197 participants, $136M 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 560132260.

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.