401(k) · DOL Form 5500 · 2022

Southern Finishing Co., Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
392
Participants Below avg headcount
45th
Percentile by assets National rank
$9,779
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Southern Finishing Co., Inc. Profit Sharing Plan and Trust · Sponsored by Southern Finishing Co., Inc. · North Carolina · Manufacturing

$4M in assets, 392 participants

Southern Finishing Co., Inc.'s Southern Finishing Co., Inc. Profit Sharing Plan and Trust reported $4M in total assets and 392 participants in its 2022 DOL Form 5500 filing, ranking in the 45th 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.

  • #5,871 in Manufacturing (20,602 peers)

Coverage in North Carolina

Southern Finishing Co., Inc. Profit Sharing Plan and Trust covers 392 participants in North Carolina, about 48% of the average North Carolina filer (state average ~819 per filing). Assets: $4M.

#5,871
in Manufacturing (20,602 peers)
-15.5%
assets change YoY

The plan reported a net loss of $704K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southern Finishing Co., Inc. Profit Sharing Plan and Trust's mid-pack asset rank among Manufacturing and all filers

Southern Finishing Co., Inc. Profit Sharing Plan and Trust vs every filed plan by assets

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

$3,833,417 45th percentile higher than 45% 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

Southern Finishing Co., Inc. Profit Sharing Plan and Trust 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. Southern Finishing Co., Inc. Profit Sharing Plan and Trust sits mid-pack in the medium band (392 participants).

Plan-year Form 5500 strip

Filing strip 561208143 · Southern Finishing Co., Inc. PY 2022 · 401(k)

Southern Finishing Co., Inc. Profit Sharing Plan and Trust · $4M · 392 · 45th

  • SCH $4M
  • SCH 392
  • SCH 45th
  • SCH 401(k)
  • SCH near Homestead Gardens, Inc. 401(k) Plan
  • SCH ind #5871

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 Manufacturing retirement plans → · Plans in North Carolina →

Southern Finishing Co., Inc. Profit Sharing Plan and Trust in the asset neighbourhood

Southern Finishing Co., Inc. Profit Sharing Plan and TrustSouthern Finishing Co., Inc.…$4MHomestead Gardens, Inc. 401(k) PlanHomestead Gardens, Inc. 401(…$4MAutomation Personnel Services, Inc. 401(k) PlanAutomation Personnel Service…$4MNational Trade Supply, LLC 401(k) PlanNational Trade Supply, LLC 4…$4MChugai Pharma USA 401(k) Plan$4M
End-of-year total assets ($M) among Southern Finishing Co., Inc. Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$4M
Net Income-$704K
Employer EIN561208143
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Finishing Co., Inc.)

Sponsor-wide plan assets over time

All Southern Finishing Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 25.99714562751717% vs 2022
2024 filing year
$3.5M$4M$4.5M$5M 202220232024 $3.83M $4.83M ▲ +26.1%
Year Plans Participants Total Assets
2022 1 392 $4M
2023 1 397 $4M
2024 1 450 $5M

Nearby 401(k) Plans in North Carolina

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

Southern Finishing Co., Inc. Profit Sharing Plan and Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Southern Finishing Co., Inc. Profit Sharing Plan and Trust, Total assets ($B): 0.003833417 · Participants: 392Southern Finishing Co., Inc. Profit Sharing Plan and TrustThe 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
Southern Finishing Co., Inc. Profit Sharing Plan and Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Southern Finishing Co., Inc. Profit Sharing Plan and Trust side-by-side with 3 peers →

Southern Finishing Co., Inc. Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Homestead Gardens, Inc. 401(k) Plan in MD ($4M); by covered participants it is Bigelow Tea Employees 401(k) Plan in CT (392 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4M here).

Similar participant headcount

Nearest other-state filings by covered participants (392 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 Southern Finishing Co., Inc. Profit Sharing Plan and Trust assets move in 2022? ▼
Southern Finishing Co., Inc. Profit Sharing Plan and Trust declined sharply - down 15.5% during 2022, from $5M to $4M. Reported net income was -$704K.
How have Southern Finishing Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Finishing Co., Inc.'s sponsor-wide assets grew 26.0%, from $4M to $5M.
Which 401(k) plans are similar in size to Southern Finishing Co., Inc. Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Homestead Gardens, Inc. 401(k) Plan in MD ($4M, 110 participants).
Which 401(k) plans cover a similar participant headcount to Southern Finishing Co., Inc. Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Bigelow Tea Employees 401(k) Plan in CT (392 participants, $60M 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 561208143.

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.