401(k) · DOL Form 5500 · 2023

Southgroup Insurance and Financial Services, LLC 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
108
Participants Small participant base
67th
Percentile by assets National rank
$141,000
Avg per participant Near avg balance/head
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Official DOL plan name: Southgroup 401(k) Plan · Sponsored by Southgroup Insurance and Financial Services, LLC · Mississippi · Finance & Insurance

$15M in assets, 108 participants

Southgroup Insurance and Financial Services, LLC's Southgroup 401(k) Plan reported $15M in total assets and 108 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #4,668 in Finance & Insurance (8,869 peers)

Coverage in Mississippi

Southgroup 401(k) Plan covers 108 participants in Mississippi, about 29% of the average Mississippi filer (state average ~366 per filing). Assets: $15M.

#4,668
in Finance & Insurance (8,869 peers)
+21.8%
assets growth YoY

Southgroup 401(k) Plan's outsized position by total assets

Southgroup 401(k) Plan vs every filed plan by assets

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

$15,227,992 Top 33% higher than 67% 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

Southgroup 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. Southgroup 401(k) Plan sits mid-pack in the medium band (108 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southgroup 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Southgroup 401(k) Plan end-of-year assets rose from $13M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Southgroup 401(k) Plan reported participants fell from 113 in the plan year 2022 filing to 108 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 943419819 · Southgroup Insurance and Financial Services, LLC PY 2023 · 401(k)

Southgroup 401(k) Plan · $15M · 108 · 67th

  • EBSA $15M
  • EBSA 108
  • EBSA 67th
  • EBSA 401(k)
  • EBSA near Savings Incentive Plan for Employees of Wheeler Brothers Grain Company, LLC
  • EBSA ind #4668

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 Mississippi →

Southgroup 401(k) Plan in the asset neighbourhood

Southgroup 401(k) Plan$15MSavings Incentive Plan for Employees of Wheeler Brothers Grain Company, LLCSavings Incentive Plan for E…$15MAcm Human Resources, LLC 401(k) PlanAcm Human Resources, LLC 401…$15MM.P.G. Pipeline Contractors L.L.C. 401(k) PlanM.P.G. Pipeline Contractors …$15MA-Tek, Inc. 401(k) Plan$15M
End-of-year total assets ($M) among Southgroup 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Mississippi filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$15M
Net Income$3M
Employer EIN943419819
Plan Effective Date2003-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southgroup Insurance and Financial Services, LLC)

Sponsor-wide plan assets over time

All Southgroup Insurance and Financial Services, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$17M 34.75712223625633% vs 2022
2024 filing year
$10M$15M$20M$25M$30M 202220232024 $12.5M $16.9M ▲ +34.7%
Year Plans Participants Total Assets
2022 1 113 $13M
2023 2 228 $28M
2024 1 111 $17M

Nearby 401(k) Plans in Mississippi

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

Southgroup 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -20002004006008001000 Total assets ($M) Participants Southgroup 401(k) Plan, Total assets ($M): 15.227992 · Participants: 108Southgroup 401(k) PlanCadence 401(k) Profit-Sharing Plan, Total assets ($M): 797.339076 · Participants: 6578Cadence 401(k) Profit-Sharing PlanErgon 401(k) Plan, Total assets ($M): 651.370894 · Participants: 3214Ergon 401(k) PlanHancock Whitney Corporation 401(k) Savings Plan, Total assets ($M): 542.54732 · Participants: 3545Hancock Whitney Corporation 401(k) Savings PlanV2x 401(k) Retirement Plan, Total assets ($M): 538.489023 · Participants: 6807V2x 401(k) Retirement PlanSouthern Farm Bureau and Adopting Companies 401(k) Plan, Total assets ($M): 476.889063 · Participants: 2657Southern Farm Bureau and Adopting Companies 401(k) Plan
Southgroup 401(k) Plan vs. nearby 401(k) plans in Mississippi, assets vs. participants
Compare Southgroup 401(k) Plan side-by-side with 3 peers →

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

Outside Mississippi, the nearest 401(k) by assets is Savings Incentive Plan for Employees of Wheeler Brothers Grain Company, LLC in OK ($15M); by covered participants it is Winstar Farm 401(k) Plan in KY (108 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (108 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 Southgroup 401(k) Plan assets move in 2023? ▼
Southgroup 401(k) Plan grew sharply - up 21.8% during 2023, from $13M to $15M. Reported net income was $3M.
How have Southgroup Insurance and Financial Services, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southgroup Insurance and Financial Services, LLC's sponsor-wide assets grew 34.8%, from $13M to $17M.
Which 401(k) plans are similar in size to Southgroup 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Savings Incentive Plan for Employees of Wheeler Brothers Grain Company, LLC in OK ($15M, 198 participants).
Which 401(k) plans cover a similar participant headcount to Southgroup 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Winstar Farm 401(k) Plan in KY (108 participants, $4M 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 943419819.

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.