New South Companies, Inc. Pension Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team · June 16, 2026

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

Sponsored by New South Companies, Inc. · South Carolina · Manufacturing

What the 2023 filing shows

New South Companies, Inc. Pension Plan holds $1M for 123 participants — about $8,679 per participant, down 93.6% over the 2022 plan year.

$1M
total plan assets (2022 EOY): 123
covered participants: $8,679
avg assets per participant: -93.6%
assets change YoY

The plan reported a net loss of $16M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$1M

Participants

123

State

South Carolina

Industry

Manufacturing

What the Filing Says About New South Companies, Inc. Pension Plan

New South Companies, Inc. Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by New South Companies, Inc., headquartered in South Carolina. As of the 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 123 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 571128614, and the plan has been effective since 1985-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $17M at the beginning of 2022 to $1M at year-end — a decline of 93.6%. Net assets (after liabilities) closed the year at $1M, with reported net income of $-15,737,924 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 — 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)	$17M
Total Assets (End of Year)	$1M
Net Assets (End of Year)	$1M
Net Income	$-15,737,924
Plan Type	Defined Benefit (Pension)
Employer EIN	571128614
Plan Effective Date	1985-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (New South Companies, Inc.)

Year	Plans	Participants	Total Assets
2022	2	2,262	$103M
2023	1	2,374	$129M
2024	1	2,648	$142M

Nearby Defined Benefit (Pension) Plans in South Carolina

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

The Savannah River Nuclear Solutions, LLC Multiple Employer Pension Plan $3.9B · 2,016
Michelin Retirement Plan $2.2B · 3,743
Non-Contributory Retirement Program for Certain Empl of Bcbssc $1.2B · 4,344
Kennametal Inc. Retirement Income Plan $541M · 563
Pension Plan for Salaried Employees of Continental Automotive, Inc. & Certain Affiliated Companies $336M · 512

Compare New South Companies, Inc. Pension Plan side-by-side with 3 peers →

Related Data

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Frequently Asked Questions

How much money is in the New South Companies, Inc. Pension Plan? ▼

As of the 2022 Form 5500 filing, New South Companies, Inc. Pension Plan holds $1M in total assets with 123 participants. It is sponsored by New South Companies, Inc..

What type of plan is New South Companies, Inc. Pension Plan? ▼

New South Companies, Inc. Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 1985-06-01. The plan is filed with the U.S. Department of Labor under EIN 571128614.

Who sponsors the New South Companies, Inc. Pension Plan? ▼

New South Companies, Inc. Pension Plan is sponsored by New South Companies, Inc., located in South Carolina. The sponsor's EIN is 571128614 and the plan operates in the Manufacturing industry.

How did New South Companies, Inc. Pension Plan perform in 2022? ▼

New South Companies, Inc. Pension Plan declined by 93.6% during 2022, moving from $17M to $1M in total assets. Net income was $-15,737,924.

Where can I find official filings for New South Companies, Inc. Pension Plan? ▼

Official Form 5500 filings for New South Companies, Inc. Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 571128614 or plan name at efast.dol.gov.

How does New South Companies, Inc. Pension Plan compare to other plans? ▼

You can compare New South Companies, Inc. Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in South Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.