ESOP · DOL Form 5500 · 2023

The Southern Banc Company, Inc. ESOP

Data updated 2026-08-25

$291K
Total assets Small plan by assets
22
Participants Small participant base
13th
Percentile by assets National rank
$13,219
Avg per participant Low balance/head
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Official DOL plan name: The Southern Banc Company, Inc. Employee Stock Ownership Plan · Sponsored by The Southern Banc Company, Inc. · Alabama · Management of Enterprises

$291K in assets, 22 participants

The Southern Banc Company, Inc.'s The Southern Banc Company, Inc. Employee Stock Ownership Plan reported $291K in total assets and 22 participants in its 2023 DOL Form 5500 filing, ranking in the 13th 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.

  • #89 in Management of Enterprises (1,137 peers)

What the 2023 filing shows

The Southern Banc Company, Inc. Employee Stock Ownership Plan holds $291K for 22 participants - about $13,219 per participant, among the smaller plans by assets on file.

#89
in Management of Enterprises (1,137 peers)
-5.7%
assets change YoY

The plan reported a net loss of $18K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Southern Banc Company, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

The Southern Banc Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$290,824 13th percentile higher than 13% 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

The Southern Banc Company, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Southern Banc Company, Inc. Employee Stock Ownership Plan is a small filing (22 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Southern Banc Company, Inc. Employee Stock Ownership Plan reported net income fell from $39K in the plan year 2022 filing to -$18K in the plan year 2023 filing.
  • The Southern Banc Company, Inc. Employee Stock Ownership Plan reported participants rose from 19 in the plan year 2022 filing to 22 in the plan year 2023 filing.
  • The Southern Banc Company, Inc. Employee Stock Ownership Plan end-of-year assets fell from $308K in the plan year 2022 filing to $291K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 631146351 · The Southern Banc Company, Inc. PY 2023 · ESOP

The Southern Banc Company, Inc. Employee Stock Ownership Plan · $291K · 22 · 13th

  • EOY $291K
  • 5500 22
  • ASSETS 13th
  • PCT ESOP
  • EIN near Probata Corporation Employee Stock Ownership Plan
  • RANK ind #89

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 What is an ESOP? → · Plans in Alabama →

The Southern Banc Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Southern Banc Company, Inc. Employee Stock Ownership PlanThe Southern Banc Company, I…$291KProbata Corporation Employee Stock Ownership PlanProbata Corporation Employee…$290KBlaze Holdings, Inc. Employee Stock Ownership PlanBlaze Holdings, Inc. Employe…$290KDrs Employee Stock Ownership PlanDrs Employee Stock Ownership…$290KNew Wave Enviro Products, Inc. Employee Stock Ownership PlanNew Wave Enviro Products, In…$289K
End-of-year total assets ($M) among The Southern Banc Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$308K
Net Assets (End of Year)$290K
Net Income-$18K
Employer EIN631146351
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Southern Banc Company, Inc.)

Sponsor-wide plan assets over time

All The Southern Banc Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$278K 9.837995621503284% vs 2022
2024 filing year
$0.27M$0.28M$0.29M$0.3M$0.31M$0.32M 202220232024 $0.31M $0.28M ▼ -9.7%
Year Plans Participants Total Assets
2022 1 19 $308K
2023 1 22 $291K
2024 1 22 $278K

Nearby ESOP Plans in Alabama

Peer ESOP plans, same state, same plan type, ranked by total assets.

The Southern Banc Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -500050010001500 -2000200400600 Total assets ($M) Participants The Southern Banc Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.290824 · Participants: 22The Southern Banc Company, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 470.48798 · Participants: 1360Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 196.496733 · Participants: 287Inline Electric Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 168.105591 · Participants: 874Radiance Technologies, Inc. Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 167.814551 · Participants: 123Signature Homes Employee Stock Ownership PlanEmployee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub, Total assets ($M): 126.850762 · Participants: 909Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Sub
The Southern Banc Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare The Southern Banc Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

The Southern Banc Company, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Alabama, the nearest ESOP by assets is Probata Corporation Employee Stock Ownership Plan in OK ($290K); by covered participants it is Davy Architecture, Inc. Employee Stock Ownership Plan in CA (22 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (22 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 The Southern Banc Company, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
The Southern Banc Company, Inc. Employee Stock Ownership Plan pulled back noticeably - down 5.7% during 2023, from $308K to $291K. Reported net income was -$18K.
How have The Southern Banc Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Southern Banc Company, Inc.'s sponsor-wide assets declined 9.8%, from $308K to $278K.
Where does The Southern Banc Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The Southern Banc Company, Inc. Employee Stock Ownership Plan ranks in the 13th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to The Southern Banc Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Probata Corporation Employee Stock Ownership Plan in OK ($290K, 21 participants).
Which ESOP plans cover a similar participant headcount to The Southern Banc Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Davy Architecture, Inc. Employee Stock Ownership Plan in CA (22 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 631146351.

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.