401(k) · DOL Form 5500 · 2022

Canal Insurance Company 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
229
Participants Below avg headcount
87th
Percentile by assets National rank
$186,333
Avg per participant Above avg balance/head
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Official DOL plan name: Canal Insurance Company 401(k) Savings and Investment Plan · Sponsored by Canal Insurance Company · South Carolina · Finance & Insurance

$43M in assets, 229 participants

Canal Insurance Company's Canal Insurance Company 401(k) Savings and Investment Plan reported $43M in total assets and 229 participants in its 2022 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,272 in Finance & Insurance (9,261 peers)

Where Canal Insurance Company 401(k) Savings and Investment Plan sits by assets

Canal Insurance Company 401(k) Savings and Investment Plan sits in the top quartile of all filed plans by assets, $43M for 229 participants (~$186,333/participant), down 18.0% in 2022.

#7,272
in Finance & Insurance (9,261 peers)
-18.0%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Canal Insurance Company 401(k) Savings and Investment Plan's outsized position by total assets

Canal Insurance Company 401(k) Savings and Investment Plan vs every filed plan by assets

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

$42,670,339 Top 13% higher than 87% 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

Canal Insurance Company 401(k) Savings and Investment Plan 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. Canal Insurance Company 401(k) Savings and Investment Plan sits mid-pack in the medium band (229 participants).

Published 5500 schedule card

Filing strip 570133332 · Canal Insurance Company PY 2022 · 401(k)

Canal Insurance Company 401(k) Savings and Investment Plan · $43M · 229 · 87th

  • SCH $43M
  • EBSA 229
  • PART 87th
  • TYPE 401(k)
  • NET near Cousins Properties Retirement Savings Plan
  • BOOK ind #7272

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 South Carolina →

Canal Insurance Company 401(k) Savings and Investment Plan in the asset neighbourhood

Canal Insurance Company 401(k) Savings and Investment PlanCanal Insurance Company 401(…$43MCousins Properties Retirement Savings PlanCousins Properties Retiremen…$43MGerald Champion Regional Medical Center 401(k) PlanGerald Champion Regional Med…$43MSchwab-Vollhaber-Lubratt, Inc. Employees' Profit Sharing PlanSchwab-Vollhaber-Lubratt, In…$43MFlanders Electric Motor Service, LLC 401(k) Profit Sharing PlanFlanders Electric Motor Serv…$43M
End-of-year total assets ($M) among Canal Insurance Company 401(k) Savings and Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$43M
Net Income-$9M
Employer EIN570133332
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Canal Insurance Company)

Sponsor-wide plan assets over time

All Canal Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$51M 19.67493157249114% vs 2022
2024 filing year
$40M$45M$50M$55M 202220232024 $42.7M $51.1M ▲ +19.7%
Year Plans Participants Total Assets
2022 1 229 $43M
2023 1 236 $50M
2024 1 240 $51M

Nearby 401(k) Plans in South Carolina

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

Canal Insurance Company 401(k) Savings and Investment Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants Canal Insurance Company 401(k) Savings and Investment Plan, Total assets ($B): 0.042670339 · Participants: 229Canal Insurance Company 401(k) Savings and Investment PlanMichelin 401(k) Savings Plan, Total assets ($B): 3.615828322 · Participants: 13708Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.219673264 · Participants: 7829The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.214442524 · Participants: 9714Sonoco Retirement & Savings PlanThe Milliken Retirement Plan, Total assets ($B): 1.154082573 · Participants: 6185The Milliken Retirement PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.085276125 · Participants: 11881Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Canal Insurance Company 401(k) Savings and Investment Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Canal Insurance Company 401(k) Savings and Investment Plan side-by-side with 3 peers →

Canal Insurance Company 401(k) Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Cousins Properties Retirement Savings Plan in GA ($43M); by covered participants it is Eastern Bag & Paper Company, Inc. 401(k) Plan in CT (229 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (229 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 Canal Insurance Company 401(k) Savings and Investment Plan assets move in 2022? ▼
Canal Insurance Company 401(k) Savings and Investment Plan declined sharply - down 18.0% during 2022, from $52M to $43M. Reported net income was -$9M.
How have Canal Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Canal Insurance Company's sponsor-wide assets grew 19.7%, from $43M to $51M.
Where does Canal Insurance Company 401(k) Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Canal Insurance Company 401(k) Savings and Investment Plan ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Canal Insurance Company 401(k) Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cousins Properties Retirement Savings Plan in GA ($43M, 297 participants).
Which 401(k) plans cover a similar participant headcount to Canal Insurance Company 401(k) Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Eastern Bag & Paper Company, Inc. 401(k) Plan in CT (229 participants, N/A 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 570133332.

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.