Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

Pension Plan for Employees of Southco, Inc.

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by Southco, Inc. ยท Pennsylvania ยท Manufacturing

What the 2023 filing shows

Pension Plan for Employees of Southco, Inc. holds $149M for 225 participants - about $661,587 per participant, down 25.9% over the 2022 plan year.

$149M
total plan assets (2022 EOY)
225
covered participants
$661,587
avg assets per participant
-25.9%
assets change YoY

The plan reported a net loss of $52M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$149M
Participants
225
State
Industry
Manufacturing

What the Filing Says About Pension Plan for Employees of Southco, Inc.

Pension Plan for Employees of Southco, Inc. is a Defined Benefit (Pension) retirement plan sponsored by Southco, Inc., headquartered in Pennsylvania. As of the 2022 Form 5500 filing, the plan reports $149M in total end-of-year assets and covers 225 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 231287596, and the plan has been effective since 1958-12-30. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $201M at the beginning of 2022 to $149M at year-end โ€” a decline of 25.9%. Net assets (after liabilities) closed the year at $149M, with reported net income of $-52,055,199 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$201M
Total Assets (End of Year)$149M
Net Assets (End of Year)$149M
Net Income$-52,055,199
Plan TypeDefined Benefit (Pension)
Employer EIN231287596
Plan Effective Date1958-12-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Southco, Inc.)

Year Plans Participants Total Assets
2022 2 781 $248M
2023 2 776 $254M
2024 2 762 $234M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Frequently Asked Questions

How much money is in the Pension Plan for Employees of Southco, Inc.?
As of the 2022 Form 5500 filing, Pension Plan for Employees of Southco, Inc. holds $149M in total assets with 225 participants. It is sponsored by Southco, Inc..
What type of plan is Pension Plan for Employees of Southco, Inc.?
Pension Plan for Employees of Southco, Inc. is a Defined Benefit (Pension) plan. It has been effective since 1958-12-30. The plan is filed with the U.S. Department of Labor under EIN 231287596.
Who sponsors the Pension Plan for Employees of Southco, Inc.?
Pension Plan for Employees of Southco, Inc. is sponsored by Southco, Inc., located in Pennsylvania. The sponsor's EIN is 231287596 and the plan operates in the Manufacturing industry.
How did Pension Plan for Employees of Southco, Inc. perform in 2022?
Pension Plan for Employees of Southco, Inc. declined by 25.9% during 2022, moving from $201M to $149M in total assets. Net income was $-52,055,199.
Where can I find official filings for Pension Plan for Employees of Southco, Inc.?
Official Form 5500 filings for Pension Plan for Employees of Southco, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 231287596 or plan name at efast.dol.gov.
How does Pension Plan for Employees of Southco, Inc. compare to other plans?
You can compare Pension Plan for Employees of Southco, Inc. against other Defined Benefit (Pension) plans on the plan type page, or view plans in Pennsylvania on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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) โ€” original filing retrieval by EIN 231287596.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.