401(k) · DOL Form 5500 · 2022

Southpoint Bank 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
92
Participants Small participant base
65th
Percentile by assets National rank
$108,052
Avg per participant Below avg balance/head
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Official DOL plan name: Southpoint Bank 401(k) Employee Stock Ownership Plan · Sponsored by Southpoint Bank · Alabama · Finance & Insurance

$10M in assets, 92 participants

Southpoint Bank's Southpoint Bank 401(k) Employee Stock Ownership Plan reported $10M in total assets and 92 participants in its 2022 DOL Form 5500 filing, ranking in the 65th 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.

  • #4,459 in Finance & Insurance (9,261 peers)

Southpoint Bank multi-year trail

Southpoint Bank's plans moved +30.3% in assets from 2022 to 2024; this filing shows Southpoint Bank 401(k) Employee Stock Ownership Plan at $10M / 92 participants.

#4,459
in Finance & Insurance (9,261 peers)
+98.5%
assets growth YoY

Southpoint Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Southpoint Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$9,940,741 Top 35% higher than 65% 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

Southpoint Bank 401(k) Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southpoint Bank 401(k) Employee Stock Ownership Plan is a small filing (92 participants) on this national headcount ladder.

EBSA filing schedule strip

Filing strip 651260993 · Southpoint Bank PY 2022 · 401(k)

Southpoint Bank 401(k) Employee Stock Ownership Plan · $10M · 92 · 65th

  • 5500 $10M
  • 5500 92
  • 5500 65th
  • 5500 401(k)
  • 5500 near Grammer Collective Bargained Retirement Plan
  • 5500 ind #4459

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 Alabama →

Southpoint Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Southpoint Bank 401(k) Employee Stock Ownership PlanSouthpoint Bank 401(k) Emplo…$10MGrammer Collective Bargained Retirement PlanGrammer Collective Bargained…$10MComputer Enterprises, Inc. 401(k) PlanComputer Enterprises, Inc. 4…$10MCoffey Communications, Inc. Profit Sharing 401(k) PlanCoffey Communications, Inc. …$10MBlue Ridge Companies 401(k) PlanBlue Ridge Companies 401(k) …$10M
End-of-year total assets ($M) among Southpoint Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Southpoint Bank multi-year asset trail

Sponsor-wide plan assets over time

All Southpoint Bank plans reported in each filing year

Latest sponsor-wide plan assets
$13M 30.348280877652883% vs 2022
2024 filing year
$9M$10M$11M$12M$13M$14M 202220232024 $9.94M $13M ▲ +30.4%
Year Plans Participants Total Assets
2022 1 92 $10M
2023 1 142 $11M
2024 1 135 $13M

Southpoint Bank filing trail (2022)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$10M
Net Income$241K
Employer EIN651260993
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Alabama

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

Southpoint Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Southpoint Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.009940741 · Participants: 92Southpoint Bank 401(k) Employee Stock Ownership PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.473693723 · Participants: 20809Regions Financial Corporation 401(k) PlanEncompass Health Corporation Retirement Investment Plan, Total assets ($B): 1.247463658 · Participants: 26602Encompass Health Corporation Retirement Investment PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.211223713 · Participants: 4237Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.148537747 · Participants: 8489Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 0.930385246 · Participants: 4593Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Southpoint Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Southpoint Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

Southpoint Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Grammer Collective Bargained Retirement Plan in OH ($10M); by covered participants it is Republic Companies 401(k) Retirement Plan in IA (92 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (92 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 Southpoint Bank 401(k) Employee Stock Ownership Plan assets move in 2022? ▼
Southpoint Bank 401(k) Employee Stock Ownership Plan surged - up 98.5% during 2022, from $5M to $10M. Reported net income was $241K.
How have Southpoint Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southpoint Bank's sponsor-wide assets grew 30.3%, from $10M to $13M.
Which 401(k) plans are similar in size to Southpoint Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Grammer Collective Bargained Retirement Plan in OH ($10M, 687 participants).
Which 401(k) plans cover a similar participant headcount to Southpoint Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Republic Companies 401(k) Retirement Plan in IA (92 participants, $11M 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 651260993.

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.