401(k) · DOL Form 5500 · 2023

Nab LLC Dba Southern States Bank 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
185
Participants Below avg headcount
63rd
Percentile by assets National rank
$67,168
Avg per participant Below avg balance/head
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Official DOL plan name: Southern States Bank 401(k) Plan · Sponsored by Nab LLC Dba Southern States Bank · Alabama · Finance & Insurance

$12M in assets, 185 participants

Nab LLC Dba Southern States Bank's Southern States Bank 401(k) Plan reported $12M in total assets and 185 participants in its 2023 DOL Form 5500 filing, ranking in the 63rd 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.

  • #4,274 in Finance & Insurance (8,869 peers)

Nab LLC Dba Southern States Bank multi-year trail

Nab LLC Dba Southern States Bank's plans moved +66.8% in assets from 2022 to 2024; this filing shows Southern States Bank 401(k) Plan at $12M / 185 participants.

#4,274
in Finance & Insurance (8,869 peers)
+23.7%
assets growth YoY

Southern States Bank 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

Southern States Bank 401(k) Plan vs every filed plan by assets

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

$12,426,125 Top 37% higher than 63% 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 States Bank 401(k) 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 States Bank 401(k) Plan sits mid-pack in the medium band (185 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern States Bank 401(k) Plan reported net income rose from -$804K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Southern States Bank 401(k) Plan end-of-year assets rose from $10M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Southern States Bank 401(k) Plan reported participants fell from 190 in the plan year 2022 filing to 185 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 208866792 · Nab LLC Dba Southern States Bank PY 2023 · 401(k)

Southern States Bank 401(k) Plan · $12M · 185 · 63rd

  • BOOK $12M
  • BOOK 185
  • BOOK 63rd
  • BOOK 401(k)
  • BOOK near Bethany Retirement Living 401(k) Plan
  • BOOK ind #4274

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 Alabama →

Southern States Bank 401(k) Plan in the asset neighbourhood

Southern States Bank 401(k) PlanSouthern States Bank 401(k) …$12MBethany Retirement Living 401(k) PlanBethany Retirement Living 40…$12MPaynearme 401(k) Plan$12MPipp Mobile Storage Systems 401(k) Retirement PlanPipp Mobile Storage Systems …$12MAutomation Solutions, Inc. 401(k) Profit Sharing Plan and TrustAutomation Solutions, Inc. 4…$12M
End-of-year total assets ($M) among Southern States Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Nab LLC Dba Southern States Bank multi-year asset trail

Sponsor-wide plan assets over time

All Nab LLC Dba Southern States Bank plans reported in each filing year

Latest sponsor-wide plan assets
$17M 66.79029995536423% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $10.1M $16.8M ▲ +66.8%
Year Plans Participants Total Assets
2022 1 190 $10M
2023 1 185 $12M
2024 1 198 $17M

Nab LLC Dba Southern States Bank filing trail (2023)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$12M
Net Income$2M
Employer EIN208866792
Plan Effective Date2007-05-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Alabama

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

Southern States Bank 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Southern States Bank 401(k) Plan, Total assets ($B): 0.012426125 · Participants: 185Southern States Bank 401(k) PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.854553916 · Participants: 20733Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.49327201 · Participants: 24565Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.479278219 · Participants: 4618Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.361024189 · Participants: 9487Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.090263356 · Participants: 0Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Southern States Bank 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Southern States Bank 401(k) Plan side-by-side with 3 peers →

Southern States Bank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Bethany Retirement Living 401(k) Plan in ND ($12M); by covered participants it is Aerie Pharmaceuticals 401(k) Plan in TX (185 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (185 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 States Bank 401(k) Plan assets move in 2023? ▼
Southern States Bank 401(k) Plan grew sharply - up 23.7% during 2023, from $10M to $12M. Reported net income was $2M.
How have Nab LLC Dba Southern States Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Nab LLC Dba Southern States Bank's sponsor-wide assets grew 66.8%, from $10M to $17M.
Which 401(k) plans are similar in size to Southern States Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bethany Retirement Living 401(k) Plan in ND ($12M, 713 participants).
Which 401(k) plans cover a similar participant headcount to Southern States Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Aerie Pharmaceuticals 401(k) Plan in TX (185 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 208866792.

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.