401(k) · DOL Form 5500 · 2023

Southern Benefit Administrators Inc. 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
200
Participants Below avg headcount
74th
Percentile by assets National rank
$110,152
Avg per participant Below avg balance/head
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Official DOL plan name: Sbai Profit Sharing and Retirement Plan · Sponsored by Southern Benefit Administrators Inc. · Tennessee · Finance & Insurance

$22M in assets, 200 participants

Southern Benefit Administrators Inc.'s Sbai Profit Sharing and Retirement Plan reported $22M in total assets and 200 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

  • #5,451 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

Sbai Profit Sharing and Retirement Plan covers 200 participants in Tennessee, about 18% of the average Tennessee filer (state average ~1,126 per filing). Assets: $22M.

#5,451
in Finance & Insurance (8,869 peers)
+19.0%
assets growth YoY

Sbai Profit Sharing and Retirement Plan's outsized position by total assets

Sbai Profit Sharing and Retirement Plan vs every filed plan by assets

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

$22,030,377 Top 26% higher than 74% 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

Sbai Profit Sharing and Retirement 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. Sbai Profit Sharing and Retirement Plan sits mid-pack in the medium band (200 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sbai Profit Sharing and Retirement Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Sbai Profit Sharing and Retirement Plan end-of-year assets rose from $19M in the plan year 2022 filing to $22M in the plan year 2023 filing.
  • Sbai Profit Sharing and Retirement Plan reported participants rose from 198 in the plan year 2022 filing to 200 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 621116095 · Southern Benefit Administrators Inc. PY 2023 · 401(k)

Sbai Profit Sharing and Retirement Plan · $22M · 200 · 74th

  • SCH $22M
  • SCH 200
  • SCH 74th
  • SCH 401(k)
  • SCH near Vascular Surgery Associates, LLC 401(k) Plan
  • SCH ind #5451

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 Tennessee →

Sbai Profit Sharing and Retirement Plan in the asset neighbourhood

Sbai Profit Sharing and Retirement PlanSbai Profit Sharing and Reti…$22MVascular Surgery Associates, LLC 401(k) PlanVascular Surgery Associates,…$22MUg2, LLC 401(k) Retirement PlanUg2, LLC 401(k) Retirement P…$22MInvestar Holding Corporation 401(k) PlanInvestar Holding Corporation…$22MShick Solutions, Inc. 401(k) Plan and TrustShick Solutions, Inc. 401(k)…$22M
End-of-year total assets ($M) among Sbai Profit Sharing and Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$22M
Net Income$4M
Employer EIN621116095
Plan Effective Date1984-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Benefit Administrators Inc.)

Sponsor-wide plan assets over time

All Southern Benefit Administrators Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$25M 37.23671798518411% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $18.5M $25.4M ▲ +37.3%
Year Plans Participants Total Assets
2022 1 198 $19M
2023 1 200 $22M
2024 1 205 $25M

Nearby 401(k) Plans in Tennessee

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

Sbai Profit Sharing and Retirement Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Sbai Profit Sharing and Retirement Plan, Total assets ($B): 0.022030377 · Participants: 200Sbai Profit Sharing and Retirement PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Sbai Profit Sharing and Retirement Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Sbai Profit Sharing and Retirement Plan side-by-side with 3 peers →

Sbai Profit Sharing and Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Vascular Surgery Associates, LLC 401(k) Plan in MD ($22M); by covered participants it is Factorial Restaurant Holdings LLC 401(k) Profit Sharing Plan in IL (200 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Similar participant headcount

Nearest other-state filings by covered participants (200 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 Sbai Profit Sharing and Retirement Plan assets move in 2023? ▼
Sbai Profit Sharing and Retirement Plan grew sharply - up 19.0% during 2023, from $19M to $22M. Reported net income was $4M.
How have Southern Benefit Administrators Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Benefit Administrators Inc.'s sponsor-wide assets grew 37.2%, from $19M to $25M.
Which 401(k) plans are similar in size to Sbai Profit Sharing and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vascular Surgery Associates, LLC 401(k) Plan in MD ($22M, 99 participants).
Which 401(k) plans cover a similar participant headcount to Sbai Profit Sharing and Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Factorial Restaurant Holdings LLC 401(k) Profit Sharing Plan in IL (200 participants, $443 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 621116095.

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.