401(k) · DOL Form 5500 · 2022

Southco Distributing Company 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
140
Participants Small participant base
59th
Percentile by assets National rank
$54,742
Avg per participant Low balance/head
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Official DOL plan name: Southco Distributing Company 401(k) Retirement Plan · Sponsored by Southco Distributing Company · North Carolina · Wholesale Trade

$8M in assets, 140 participants

Southco Distributing Company's Southco Distributing Company 401(k) Retirement Plan reported $8M in total assets and 140 participants in its 2022 DOL Form 5500 filing, ranking in the 59th 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.

  • #3,426 in Wholesale Trade (6,843 peers)

Coverage in North Carolina

Southco Distributing Company 401(k) Retirement Plan covers 140 participants in North Carolina, about 17% of the average North Carolina filer (state average ~819 per filing). Assets: $8M.

#3,426
in Wholesale Trade (6,843 peers)
-15.5%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southco Distributing Company 401(k) Retirement Plan's mid-pack asset rank among Wholesale Trade and all filers

Southco Distributing Company 401(k) Retirement Plan vs every filed plan by assets

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

$7,663,829 Top 41% higher than 59% 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

Southco Distributing Company 401(k) Retirement 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. Southco Distributing Company 401(k) Retirement Plan sits mid-pack in the medium band (140 participants).

Form 5500 schedule snapshot

Filing strip 561295080 · Southco Distributing Company PY 2022 · 401(k)

Southco Distributing Company 401(k) Retirement Plan · $8M · 140 · 59th

  • PART $8M
  • PART 140
  • PART 59th
  • PART 401(k)
  • PART near Culinary Workers Local 226 Retirement Savings Plan
  • PART ind #3426

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 Wholesale Trade retirement plans → · Plans in North Carolina →

Southco Distributing Company 401(k) Retirement Plan in the asset neighbourhood

Southco Distributing Company 401(k) Retirement PlanSouthco Distributing Company…$8MCulinary Workers Local 226 Retirement Savings PlanCulinary Workers Local 226 R…$8MVirginia-Carolina Forest Products, Inc. 401(k) PlanVirginia-Carolina Forest Pro…$8MWinston Resources, LLC Profit Sharing and 401(k) PlanWinston Resources, LLC Profi…$8MQuality of Life Health Services, Inc. 401(k) PlanQuality of Life Health Servi…$8M
End-of-year total assets ($M) among Southco Distributing Company 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$8M
Net Income-$1M
Employer EIN561295080
Plan Effective Date1975-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southco Distributing Company)

Sponsor-wide plan assets over time

All Southco Distributing Company plans reported in each filing year

Latest sponsor-wide plan assets
$10M 26.643731221038465% vs 2022
2024 filing year
$7M$8M$9M$10M 202220232024 $7.66M $9.71M ▲ +26.8%
Year Plans Participants Total Assets
2022 1 140 $8M
2023 1 157 $9M
2024 1 189 $10M

Nearby 401(k) Plans in North Carolina

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

Southco Distributing Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Southco Distributing Company 401(k) Retirement Plan, Total assets ($B): 0.007663829 · Participants: 140Southco Distributing Company 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Southco Distributing Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Southco Distributing Company 401(k) Retirement Plan side-by-side with 3 peers →

Southco Distributing Company 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Culinary Workers Local 226 Retirement Savings Plan in NV ($8M); by covered participants it is Dot Leasing Inc 401(k) Profit Sharing Plan & Trust in TX (140 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (140 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 Southco Distributing Company 401(k) Retirement Plan assets move in 2022? ▼
Southco Distributing Company 401(k) Retirement Plan declined sharply - down 15.5% during 2022, from $9M to $8M. Reported net income was -$1M.
How have Southco Distributing Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southco Distributing Company's sponsor-wide assets grew 26.6%, from $8M to $10M.
Which 401(k) plans are similar in size to Southco Distributing Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Culinary Workers Local 226 Retirement Savings Plan in NV ($8M, 110 participants).
Which 401(k) plans cover a similar participant headcount to Southco Distributing Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dot Leasing Inc 401(k) Profit Sharing Plan & Trust in TX (140 participants, $584K 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 561295080.

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.