401(k) · DOL Form 5500 · 2023

Southgroup Insurance and Financial Services, LLC 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
120
Participants Small participant base
64th
Percentile by assets National rank
$106,916
Avg per participant Below avg balance/head
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Official DOL plan name: Southgroup 401(k) Plan · Sponsored by Southgroup Insurance and Financial Services, LLC · Mississippi · Finance & Insurance

$13M in assets, 120 participants

Southgroup Insurance and Financial Services, LLC's Southgroup 401(k) Plan reported $13M in total assets and 120 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.

  • #4,344 in Finance & Insurance (8,869 peers)

Coverage in Mississippi

Southgroup 401(k) Plan covers 120 participants in Mississippi, about 33% of the average Mississippi filer (state average ~366 per filing). Assets: $13M.

#4,344
in Finance & Insurance (8,869 peers)
-14.5%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southgroup 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Southgroup 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$12,829,949 Top 36% higher than 64% of 127,068 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 2023

Southgroup 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southgroup 401(k) Plan sits mid-pack in the medium band (120 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southgroup 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Southgroup 401(k) Plan reported participants rose from 113 in the plan year 2022 filing to 120 in the plan year 2023 filing.
  • Southgroup 401(k) Plan end-of-year assets rose from $13M in the plan year 2022 filing to $13M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 943419819 · Southgroup Insurance and Financial Services, LLC PY 2023 · 401(k)

Southgroup 401(k) Plan · $13M · 120 · 64th

  • PHOTO $13M
  • PHOTO 120
  • PHOTO 64th
  • PHOTO 401(k)
  • PHOTO near Dyer Garofalo Mann & Schultz, Lpa 401(k) Profit Sharing Plan
  • PHOTO ind #4344

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 Mississippi →

Southgroup 401(k) Plan in the asset neighbourhood

Southgroup 401(k) Plan$13MDyer Garofalo Mann & Schultz, Lpa 401(k) Profit Sharing PlanDyer Garofalo Mann & Schultz…$13MNorthwest Indiana Pathology Consultants, P.C. 401(k) Retirement PlanNorthwest Indiana Pathology …$13MWorldlink 401(k) Plan$13MMovement for Life 401(k) Profit Sharing PlanMovement for Life 401(k) Pro…$13M
End-of-year total assets ($M) among Southgroup 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Mississippi filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$13M
Net Income-$2M
Employer EIN943419819
Plan Effective Date2003-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southgroup Insurance and Financial Services, LLC)

Sponsor-wide plan assets over time

All Southgroup Insurance and Financial Services, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$17M 34.75712223625633% vs 2022
2024 filing year
$10M$15M$20M$25M$30M 202220232024 $12.5M $16.9M ▲ +34.7%
Year Plans Participants Total Assets
2022 1 113 $13M
2023 2 228 $28M
2024 1 111 $17M

Nearby 401(k) Plans in Mississippi

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

Southgroup 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -20002004006008001000 Total assets ($M) Participants Southgroup 401(k) Plan, Total assets ($M): 12.829949 · Participants: 120Southgroup 401(k) PlanCadence 401(k) Profit-Sharing Plan, Total assets ($M): 797.339076 · Participants: 6578Cadence 401(k) Profit-Sharing PlanErgon 401(k) Plan, Total assets ($M): 651.370894 · Participants: 3214Ergon 401(k) PlanHancock Whitney Corporation 401(k) Savings Plan, Total assets ($M): 542.54732 · Participants: 3545Hancock Whitney Corporation 401(k) Savings PlanV2x 401(k) Retirement Plan, Total assets ($M): 538.489023 · Participants: 6807V2x 401(k) Retirement PlanSouthern Farm Bureau and Adopting Companies 401(k) Plan, Total assets ($M): 476.889063 · Participants: 2657Southern Farm Bureau and Adopting Companies 401(k) Plan
Southgroup 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants
Compare Southgroup 401(k) Plan side-by-side with 3 peers →

Southgroup 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Mississippi, the nearest 401(k) by assets is Dyer Garofalo Mann & Schultz, Lpa 401(k) Profit Sharing Plan in OH ($13M); by covered participants it is Southwest Hazard Control, Inc. Employees' Savings and Profit Sharing Plan in AZ (120 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (120 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Southgroup 401(k) Plan assets move in 2023? ▼
Southgroup 401(k) Plan pulled back noticeably - down 14.5% during 2023, from $15M to $13M. Reported net income was -$2M.
How have Southgroup Insurance and Financial Services, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southgroup Insurance and Financial Services, LLC's sponsor-wide assets grew 34.8%, from $13M to $17M.
Which 401(k) plans are similar in size to Southgroup 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Dyer Garofalo Mann & Schultz, Lpa 401(k) Profit Sharing Plan in OH ($13M, 129 participants).
Which 401(k) plans cover a similar participant headcount to Southgroup 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Southwest Hazard Control, Inc. Employees' Savings and Profit Sharing Plan in AZ (120 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 943419819.

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.