401(k) · DOL Form 5500 · 2022
Southco Distributing Company 401(k) Plan
Data updated 2026-08-06
- $8M
- Total assets
- 140
- Participants
- 59th
- Percentile by assets
- $54,742
- Avg per participant
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.
- 59th percentile by assets (of 139,258 plans)
- #3,428 in Wholesale Trade (6,848 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 ~846 per filing). Assets: $8M.
- $8M
- total plan assets (2022 EOY)
- 140
- covered participants
- 59th
- percentile by assets (of 139,258 plans)
- $54,742
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 846 participants across 3,325 plans. Southco Distributing Company 401(k) Retirement Plan reports 140 participants - about 17% of that state average ($8M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $9M |
|---|---|
| Net Assets (End of Year) | $8M |
| Net Income | -$1M |
| Employer EIN | 561295080 |
| Plan Effective Date | 1975-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southco Distributing Company)
| 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
- The Bank of America 401(k) Plan $47.1B · 169,036
- Honeywell 401(k) Plan $14.6B · 39,007
- Duke Energy Retirement Savings Plan $9.4B · 27,731
- Truist Financial Corporation 401(k) Savings Plan $9.0B · 51,871
- Lowes 401(k) Plan $7.4B · 284,864
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Southco Distributing Company 401(k) Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did Southco Distributing Company 401(k) Retirement Plan assets move in 2022? ▼
How have Southco Distributing Company plan assets changed over time? ▼
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Filing takeaways
Ways to act on Southco Distributing Company 401(k) Retirement Plan's numbers.
- By total assets, Southco Distributing Company 401(k) Retirement Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Southco Distributing Company's sponsor-wide assets have grown 26.6% since 2022 across 3 plan years on file. More Wholesale Trade plans