401(k) · DOL Form 5500 · 2023

Southstate Bank, N.a. 401(k) Plan

Data updated 2026-08-25

$549M
Total assets Above avg plan size
5,113
Participants Above avg headcount
98th
Percentile by assets National rank
$107,313
Avg per participant Below avg balance/head
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Official DOL plan name: Southstate Bank 401(k) Retirement Savings Plan · Sponsored by Southstate Bank, N.a. · Florida · Finance & Insurance

$549M in assets, 5,113 participants

Southstate Bank, N.a.'s Southstate Bank 401(k) Retirement Savings Plan reported $549M in total assets and 5,113 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,502 in Finance & Insurance (8,869 peers)

Coverage in Florida

Southstate Bank 401(k) Retirement Savings Plan covers 5,113 participants in Florida, 8.1x the typical Florida plan (state average ~628 per filing). Assets: $549M.

#8,502
in Finance & Insurance (8,869 peers)
+18.6%
assets growth YoY
5.5×
vs typical plan assets (national mean)

Southstate Bank 401(k) Retirement Savings Plan's outsized position by total assets

Southstate Bank 401(k) Retirement Savings Plan vs every filed plan by assets

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

$548,689,984 Top 2% higher than 98% 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

Southstate Bank 401(k) Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southstate Bank 401(k) Retirement Savings Plan lands in the large band (5,113 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southstate Bank 401(k) Retirement Savings Plan reported net income rose from -$66M in the plan year 2022 filing to $86M in the plan year 2023 filing.
  • Southstate Bank 401(k) Retirement Savings Plan end-of-year assets rose from $463M in the plan year 2022 filing to $549M in the plan year 2023 filing.
  • Southstate Bank 401(k) Retirement Savings Plan reported participants fell from 5,123 in the plan year 2022 filing to 5,113 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 592979916 · Southstate Bank, N.a. PY 2023 · 401(k)

Southstate Bank 401(k) Retirement Savings Plan · $549M · 5,113 · 98th

  • SCH $549M
  • SCH 5,113
  • SCH 98th
  • SCH 401(k)
  • SCH near Insperity Corporate 401(k) Plan
  • SCH ind #8502

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 Florida →

Southstate Bank 401(k) Retirement Savings Plan in the asset neighbourhood

Crawford & Company Savings & Investment PlanCrawford & Company Savings &…$550MQuarles & Brady LLP Retirement PlanQuarles & Brady LLP Retireme…$550MIntelsat 401(k) Retirement Savings PlanIntelsat 401(k) Retirement S…$550MInsperity Corporate 401(k) PlanInsperity Corporate 401(k) P…$549MSouthstate Bank 401(k) Retirement Savings PlanSouthstate Bank 401(k) Retir…$549M
End-of-year total assets ($M) among Southstate Bank 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$463M
Net Assets (End of Year)$549M
Net Income$86M
Employer EIN592979916
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southstate Bank, N.a.)

Sponsor-wide plan assets over time

All Southstate Bank, N.a. plans reported in each filing year

Latest sponsor-wide plan assets
$629M 35.84947709043204% vs 2022
2024 filing year
$400M$450M$500M$550M$600M$650M 202220232024 $463M $629M ▲ +35.9%
Year Plans Participants Total Assets
2022 1 5,123 $463M
2023 1 5,113 $549M
2024 1 5,297 $629M

Nearby 401(k) Plans in Florida

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

Southstate Bank 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Southstate Bank 401(k) Retirement Savings Plan, Total assets ($B): 0.548689984 · Participants: 5113Southstate Bank 401(k) Retirement Savings PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Southstate Bank 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Southstate Bank 401(k) Retirement Savings Plan side-by-side with 3 peers →

Scale composition for Southstate Bank 401(k) Retirement Savings Plan

Southstate Bank 401(k) Retirement Savings Plan reports $549M in end-of-year assets across 5,113 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $107,313 per participant (78% of the national average assets-per-participant) . Net income for plan year 2023 was $86M.

This plan identity (EIN 592979916, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $463M to $629M (+35.8%) while covered participants moved from 5,123 to 5,297 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,123 $463M Open filing
2023 5,113 $549M This page
2024 · index core 5,297 $629M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Southstate Bank 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Insperity Corporate 401(k) Plan in TX ($549M); by covered participants it is Cincinnati Financial Corporation Tax-Qualified Savings Plan in OH (5,113 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($549M here).

Similar participant headcount

Nearest other-state filings by covered participants (5,113 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 Southstate Bank 401(k) Retirement Savings Plan assets move in 2023? ▼
Southstate Bank 401(k) Retirement Savings Plan grew sharply - up 18.6% during 2023, from $463M to $549M. Reported net income was $86M.
How have Southstate Bank, N.a. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southstate Bank, N.a.'s sponsor-wide assets grew 35.8%, from $463M to $629M.
Where does Southstate Bank 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Southstate Bank 401(k) Retirement Savings Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Southstate Bank 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Insperity Corporate 401(k) Plan in TX ($549M, 4,147 participants).
Which 401(k) plans cover a similar participant headcount to Southstate Bank 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Cincinnati Financial Corporation Tax-Qualified Savings Plan in OH (5,113 participants, $1.1B 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 592979916.

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.