Defined Benefit (Pension) · DOL Form 5500 · 2023

Southern Bank and Trust Company Pension Plan

Data updated 2026-08-25

$93M
Total assets Below avg plan size
173
Participants Small participant base
91st
Percentile by assets National rank
$537,971
Avg per participant High balance/head
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Official DOL plan name: Southern Bank and Trust Company Pension Plan · Sponsored by Southern Bank and Trust Company · North Carolina · Finance & Insurance

$93M in assets, 173 participants

Southern Bank and Trust Company's Southern Bank and Trust Company Pension Plan reported $93M in total assets and 173 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,609 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

Southern Bank and Trust Company Pension Plan covers 173 participants in North Carolina, about 21% of the average North Carolina filer (state average ~819 per filing). Assets: $93M.

#7,609
in Finance & Insurance (8,869 peers)
+7.3%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Southern Bank and Trust Company Pension Plan's outsized position by total assets

Southern Bank and Trust Company Pension Plan vs every filed plan by assets

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

$93,069,056 Top 9% higher than 91% 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 Bank and Trust Company Pension 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 Bank and Trust Company Pension Plan sits mid-pack in the medium band (173 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern Bank and Trust Company Pension Plan reported net income rose from -$25M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Southern Bank and Trust Company Pension Plan reported participants fell from 197 in the plan year 2022 filing to 173 in the plan year 2023 filing.
  • Southern Bank and Trust Company Pension Plan end-of-year assets rose from $87M in the plan year 2022 filing to $93M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 560132260 · Southern Bank and Trust Company PY 2023 · Defined Benefit (Pension)

Southern Bank and Trust Company Pension Plan · $93M · 173 · 91st

  • BOOK $93M
  • VS-ST 173
  • BOY 91st
  • SCH Defined Benefit (Pension)
  • EBSA near Continental NA Pension Plan
  • PART ind #7609

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 North Carolina →

Southern Bank and Trust Company Pension Plan in the asset neighbourhood

Pension Plan for Cooperatives$93MAvis Rent a Car System, LLC Pension PlanAvis Rent a Car System, LLC …$93MSouthern Bank and Trust Company Pension PlanSouthern Bank and Trust Comp…$93MContinental NA Pension Plan$93MLaborers' Local #157 Pension FundLaborers' Local #157 Pension…$93M
End-of-year total assets ($M) among Southern Bank and Trust Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$87M
Net Assets (End of Year)$93M
Net Income$6M
Employer EIN560132260
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Bank and Trust Company)

Sponsor-wide plan assets over time

All Southern Bank and Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$175M 18.33213335262524% vs 2022
2024 filing year
$140M$150M$160M$170M$180M 202220232024 $148M $175M ▲ +18.3%
Year Plans Participants Total Assets
2022 3 805 $148M
2023 3 776 $167M
2024 3 765 $175M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Southern Bank and Trust Company Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -505101520 Total assets ($B) Participants Southern Bank and Trust Company Pension Plan, Total assets ($B): 0.093069056 · Participants: 173Southern Bank and Trust Company Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retirement Cash Balance PlanDuke Energy Legacy Pension Plan, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy Pension PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retirement Plan of Duke University
Southern Bank and Trust Company Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Southern Bank and Trust Company Pension Plan side-by-side with 3 peers →

Southern Bank and Trust Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Continental NA Pension Plan in SC ($93M); by covered participants it is Core Electric Cooperative Variable Annuity Defined Benefit Plan in CO (173 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($93M here).

Similar participant headcount

Nearest other-state filings by covered participants (173 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 Bank and Trust Company Pension Plan assets move in 2023? ▼
Southern Bank and Trust Company Pension Plan grew at a solid clip - up 7.3% during 2023, from $87M to $93M. Reported net income was $6M.
How have Southern Bank and Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Bank and Trust Company's sponsor-wide assets grew 18.3%, from $148M to $175M.
Where does Southern Bank and Trust Company Pension Plan rank by assets among Form 5500 filers? ▼
Southern Bank and Trust Company Pension Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Southern Bank and Trust Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Continental NA Pension Plan in SC ($93M, 190 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Southern Bank and Trust Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Core Electric Cooperative Variable Annuity Defined Benefit Plan in CO (173 participants, $8M 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 560132260.

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.