401(k) · DOL Form 5500 · 2023

Southern Air Inc. 401(k) Plan

Data updated 2026-08-25

$62M
Total assets Below avg plan size
766
Participants Near avg headcount
88th
Percentile by assets National rank
$80,954
Avg per participant Below avg balance/head
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Official DOL plan name: Southern Air, Inc. Cash or Deferred Profit Sharing Plan · Sponsored by Southern Air Inc. · Virginia · Construction

$62M in assets, 766 participants

Southern Air Inc.'s Southern Air, Inc. Cash or Deferred Profit Sharing Plan reported $62M in total assets and 766 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,726 in Construction (9,030 peers)

Where Southern Air, Inc. Cash or Deferred Profit Sharing Plan sits by assets

Southern Air, Inc. Cash or Deferred Profit Sharing Plan sits in the top quartile of all filed plans by assets, $62M for 766 participants (~$80,954/participant), up 20.8% in 2023.

#7,726
in Construction (9,030 peers)
+20.8%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Southern Air, Inc. Cash or Deferred Profit Sharing Plan's outsized position by total assets

Southern Air, Inc. Cash or Deferred Profit Sharing Plan vs every filed plan by assets

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

$62,011,038 Top 12% higher than 88% 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

Southern Air, Inc. Cash or Deferred Profit Sharing 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. Southern Air, Inc. Cash or Deferred Profit Sharing Plan sits mid-pack in the medium band (766 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern Air, Inc. Cash or Deferred Profit Sharing Plan reported net income rose from -$11M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Southern Air, Inc. Cash or Deferred Profit Sharing Plan end-of-year assets rose from $51M in the plan year 2022 filing to $62M in the plan year 2023 filing.
  • Southern Air, Inc. Cash or Deferred Profit Sharing Plan reported participants rose from 685 in the plan year 2022 filing to 766 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 540604377 · Southern Air Inc. PY 2023 · 401(k)

Southern Air, Inc. Cash or Deferred Profit Sharing Plan · $62M · 766 · 88th

  • ASSETS $62M
  • PCT 766
  • EIN 88th
  • RANK 401(k)
  • PHOTO near The Randall Group, Inc. Retirement Plan
  • IND ind #7726

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 Construction retirement plans → · Plans in Virginia →

Southern Air, Inc. Cash or Deferred Profit Sharing Plan in the asset neighbourhood

The Randall Group, Inc. Retirement PlanThe Randall Group, Inc. Reti…$62MAbc Technologies 401(k) Plan$62MGoldentree Asset Management Retirement PlanGoldentree Asset Management …$62MTista Science and Technology Corporation 401(k)Tista Science and Technology…$62MSouthern Air, Inc. Cash or Deferred Profit Sharing PlanSouthern Air, Inc. Cash or D…$62M
End-of-year total assets ($M) among Southern Air, Inc. Cash or Deferred Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$62M
Net Income$11M
Employer EIN540604377
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Air Inc.)

Sponsor-wide plan assets over time

All Southern Air Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$111M 39.811914694474% vs 2022
2024 filing year
$70M$80M$90M$100M$110M$120M 202220232024 $79.4M $111M ▲ +39.8%
Year Plans Participants Total Assets
2022 2 1,285 $79M
2023 2 1,353 $94M
2024 2 1,355 $111M

Nearby 401(k) Plans in Virginia

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

Southern Air, Inc. Cash or Deferred Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Southern Air, Inc. Cash or Deferred Profit Sharing Plan, Total assets ($B): 0.062011038 · Participants: 766Southern Air, Inc. Cash or Deferred Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Southern Air, Inc. Cash or Deferred Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Southern Air, Inc. Cash or Deferred Profit Sharing Plan side-by-side with 3 peers →

Southern Air, Inc. Cash or Deferred Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is The Randall Group, Inc. Retirement Plan in OR ($62M); by covered participants it is Equitrans Midstream Corporation Employee Savings Plan in PA (766 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($62M here).

Similar participant headcount

Nearest other-state filings by covered participants (766 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 Southern Air, Inc. Cash or Deferred Profit Sharing Plan assets move in 2023? ▼
Southern Air, Inc. Cash or Deferred Profit Sharing Plan grew sharply - up 20.8% during 2023, from $51M to $62M. Reported net income was $11M.
How have Southern Air Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Air Inc.'s sponsor-wide assets grew 39.8%, from $79M to $111M.
Where does Southern Air, Inc. Cash or Deferred Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Southern Air, Inc. Cash or Deferred Profit Sharing Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Southern Air, Inc. Cash or Deferred Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Randall Group, Inc. Retirement Plan in OR ($62M, 284 participants).
Which 401(k) plans cover a similar participant headcount to Southern Air, Inc. Cash or Deferred Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Equitrans Midstream Corporation Employee Savings Plan in PA (766 participants, $248M 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 540604377.

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.