401(k) · DOL Form 5500 · 2023

South Banking Company 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
135
Participants Small participant base
65th
Percentile by assets National rank
$101,080
Avg per participant Below avg balance/head
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Official DOL plan name: Savings Plan for Employees of South Banking Company · Sponsored by South Banking Company · Georgia · Finance & Insurance

$14M in assets, 135 participants

South Banking Company's Savings Plan for Employees of South Banking Company reported $14M in total assets and 135 participants in its 2023 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.

  • #4,467 in Finance & Insurance (8,869 peers)

Coverage in Georgia

Savings Plan for Employees of South Banking Company covers 135 participants in Georgia, about 12% of the average Georgia filer (state average ~1,096 per filing). Assets: $14M.

#4,467
in Finance & Insurance (8,869 peers)
+3.7%
assets growth YoY

Savings Plan for Employees of South Banking Company's mid-pack asset rank among Finance & Insurance and all filers

Savings Plan for Employees of South Banking Company vs every filed plan by assets

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

$13,645,812 Top 35% higher than 65% 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

Savings Plan for Employees of South Banking Company 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. Savings Plan for Employees of South Banking Company sits mid-pack in the medium band (135 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Savings Plan for Employees of South Banking Company reported net income rose from -$959K in the plan year 2022 filing to $486K in the plan year 2023 filing.
  • Savings Plan for Employees of South Banking Company end-of-year assets rose from $13M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Savings Plan for Employees of South Banking Company reported participants rose from 131 in the plan year 2022 filing to 135 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 581418696 · South Banking Company PY 2023 · 401(k)

Savings Plan for Employees of South Banking Company · $14M · 135 · 65th

  • SCH $14M
  • EBSA 135
  • PART 65th
  • TYPE 401(k)
  • NET near Hamel Group 401(k) Profit Sharing Plan
  • BOOK ind #4467

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 Georgia →

Savings Plan for Employees of South Banking Company in the asset neighbourhood

Savings Plan for Employees of South Banking CompanySavings Plan for Employees o…$14MHamel Group 401(k) Profit Sharing PlanHamel Group 401(k) Profit Sh…$14MPacker City International, Inc. 401(k) Retirement Savings PlanPacker City International, I…$14MFreedom Credit Union 401(k) Retirement PlanFreedom Credit Union 401(k) …$14MHarris & Harris, Ltd 401(k) PlanHarris & Harris, Ltd 401(k) …$14M
End-of-year total assets ($M) among Savings Plan for Employees of South Banking Company and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$486K
Employer EIN581418696
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Banking Company)

Sponsor-wide plan assets over time

All South Banking Company plans reported in each filing year

Latest sponsor-wide plan assets
$16M 20.18546941698355% vs 2022
2024 filing year
$12M$13M$14M$15M$16M$17M 202220232024 $13.2M $15.8M ▲ +20.2%
Year Plans Participants Total Assets
2022 1 131 $13M
2023 1 135 $14M
2024 1 158 $16M

Nearby 401(k) Plans in Georgia

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

Savings Plan for Employees of South Banking Company vs. nearby 401(k) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -2000000200000400000600000 -505101520 Total assets ($B) Participants Savings Plan for Employees of South Banking Company, Total assets ($B): 0.013645812 · Participants: 135Savings Plan for Employees of South Banking CompanyThe Teamster - UPS National 401(k) Tax Deferred Savings Plan, Total assets ($B): 17.183099452 · Participants: 510511The Teamster - UPS National 401(k) Tax Deferred Savings PlanDelta 401(k) Retirement Plan, Total assets ($B): 16.184491444 · Participants: 83136Delta 401(k) Retirement PlanDelta 401(k) Retirement Plan for Pilots, Total assets ($B): 13.670948783 · Participants: 13283Delta 401(k) Retirement Plan for PilotsUPS 401(k) Savings Plan, Total assets ($B): 13.111089897 · Participants: 102231UPS 401(k) Savings PlanThe Home Depot Futurebuilder, Total assets ($B): 12.585718117 · Participants: 413365The Home Depot Futurebuilder
Savings Plan for Employees of South Banking Company vs. nearby 401(k) plans in Georgia, assets vs. participants
Compare Savings Plan for Employees of South Banking Company side-by-side with 3 peers →

Savings Plan for Employees of South Banking Company's out-of-state 401(k) peers by assets and headcount

Outside Georgia, the nearest 401(k) by assets is Hamel Group 401(k) Profit Sharing Plan in MD ($14M); by covered participants it is Seven Hills Ob-Gyn Associates, Inc. Profit Sharing Plan in NJ (135 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (135 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 Savings Plan for Employees of South Banking Company assets move in 2023? ▼
Savings Plan for Employees of South Banking Company edged up modestly - up 3.7% during 2023, from $13M to $14M. Reported net income was $486K.
How have South Banking Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Banking Company's sponsor-wide assets grew 20.2%, from $13M to $16M.
Which 401(k) plans are similar in size to Savings Plan for Employees of South Banking Company? ▼
Among 401(k) plans in other states, the closest by assets is Hamel Group 401(k) Profit Sharing Plan in MD ($14M, 118 participants).
Which 401(k) plans cover a similar participant headcount to Savings Plan for Employees of South Banking Company? ▼
Among 401(k) plans in other states, the closest by covered participants is Seven Hills Ob-Gyn Associates, Inc. Profit Sharing Plan in NJ (135 participants, N/A 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 581418696.

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.