401(k) · DOL Form 5500 · 2022

Southern Benefit Administrators Inc. 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
198
Participants Below avg headcount
76th
Percentile by assets National rank
$93,497
Avg per participant Below avg balance/head
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Official DOL plan name: Sbai Profit Sharing and Retirement Plan · Sponsored by Southern Benefit Administrators Inc. · Tennessee · Finance & Insurance

$19M in assets, 198 participants

Southern Benefit Administrators Inc.'s Sbai Profit Sharing and Retirement Plan reported $19M in total assets and 198 participants in its 2022 DOL Form 5500 filing, ranking in the 76th 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.

  • #5,767 in Finance & Insurance (9,261 peers)

Coverage in Tennessee

Sbai Profit Sharing and Retirement Plan covers 198 participants in Tennessee, about 18% of the average Tennessee filer (state average ~1,126 per filing). Assets: $19M.

#5,767
in Finance & Insurance (9,261 peers)
-14.6%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sbai Profit Sharing and Retirement Plan's outsized position by total assets

Sbai Profit Sharing and Retirement Plan vs every filed plan by assets

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

$18,512,421 Top 24% higher than 76% 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

Sbai Profit Sharing and 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. Sbai Profit Sharing and Retirement Plan sits mid-pack in the medium band (198 participants).

Published 5500 schedule card

Filing strip 621116095 · Southern Benefit Administrators Inc. PY 2022 · 401(k)

Sbai Profit Sharing and Retirement Plan · $19M · 198 · 76th

  • EOY $19M
  • EOY 198
  • EOY 76th
  • EOY 401(k)
  • EOY near Aarete, LLC 401(k) Profit Sharing Plan and Trust
  • EOY ind #5767

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 Tennessee →

Sbai Profit Sharing and Retirement Plan in the asset neighbourhood

Sbai Profit Sharing and Retirement PlanSbai Profit Sharing and Reti…$19MAarete, LLC 401(k) Profit Sharing Plan and TrustAarete, LLC 401(k) Profit Sh…$19MMedford Radiological Group, P.C. 401(k) Profit Sharing PlanMedford Radiological Group, …$19MHighland Medical PC Retirement Savings PlanHighland Medical PC Retireme…$19MUniversity Cancer & Blood Center, LLCUniversity Cancer & Blood Ce…$19M
End-of-year total assets ($M) among Sbai Profit Sharing and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Tennessee filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$19M
Net Income-$3M
Employer EIN621116095
Plan Effective Date1984-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Benefit Administrators Inc.)

Sponsor-wide plan assets over time

All Southern Benefit Administrators Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$25M 37.23671798518411% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $18.5M $25.4M ▲ +37.3%
Year Plans Participants Total Assets
2022 1 198 $19M
2023 1 200 $22M
2024 1 205 $25M

Nearby 401(k) Plans in Tennessee

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

Sbai Profit Sharing and Retirement Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Sbai Profit Sharing and Retirement Plan, Total assets ($B): 0.018512421 · Participants: 198Sbai Profit Sharing and Retirement PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 21.031401128 · Participants: 220835Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 18.669830548 · Participants: 280576Hca 401(k) PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.178827147 · Participants: 11839International Paper Company Salaried Savings PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.035859621 · Participants: 5305Federal Express Corporation Pilots Retirement Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.015461486 · Participants: 62485Chs/Community Health Systems, Inc. Retirement Savings Plan
Sbai Profit Sharing and Retirement Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Sbai Profit Sharing and Retirement Plan side-by-side with 3 peers →

Sbai Profit Sharing and Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Aarete, LLC 401(k) Profit Sharing Plan and Trust in IL ($19M); by covered participants it is Carparts Distribution Center, Inc. Profit Sharing Plan in NH (198 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (198 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 Sbai Profit Sharing and Retirement Plan assets move in 2022? ▼
Sbai Profit Sharing and Retirement Plan pulled back noticeably - down 14.6% during 2022, from $22M to $19M. Reported net income was -$3M.
How have Southern Benefit Administrators Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Benefit Administrators Inc.'s sponsor-wide assets grew 37.2%, from $19M to $25M.
Where does Sbai Profit Sharing and Retirement Plan rank by assets among Form 5500 filers? ▼
Sbai Profit Sharing and Retirement Plan ranks in the 76th 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 401(k) plans are similar in size to Sbai Profit Sharing and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Aarete, LLC 401(k) Profit Sharing Plan and Trust in IL ($19M, 240 participants).
Which 401(k) plans cover a similar participant headcount to Sbai Profit Sharing and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Carparts Distribution Center, Inc. Profit Sharing Plan in NH (198 participants, N/A 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 621116095.

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.