401(k) · DOL Form 5500 · 2023

Southpoint Bank 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
142
Participants Small participant base
61st
Percentile by assets National rank
$79,995
Avg per participant Below avg balance/head
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Official DOL plan name: Southpoint Bank 401(k) Employee Stock Ownership Plan · Sponsored by Southpoint Bank · Alabama · Finance & Insurance

$11M in assets, 142 participants

Southpoint Bank's Southpoint Bank 401(k) Employee Stock Ownership Plan reported $11M in total assets and 142 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

  • #4,084 in Finance & Insurance (8,869 peers)

Coverage in Alabama

Southpoint Bank 401(k) Employee Stock Ownership Plan covers 142 participants in Alabama, about 39% of the average Alabama filer (state average ~360 per filing). Assets: $11M.

#4,084
in Finance & Insurance (8,869 peers)
+14.3%
assets growth YoY

Southpoint Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Southpoint Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$11,359,345 Top 39% higher than 61% 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

Southpoint Bank 401(k) Employee Stock Ownership 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. Southpoint Bank 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (142 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southpoint Bank 401(k) Employee Stock Ownership Plan reported net income rose from $241K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Southpoint Bank 401(k) Employee Stock Ownership Plan reported participants rose from 92 in the plan year 2022 filing to 142 in the plan year 2023 filing.
  • Southpoint Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $10M in the plan year 2022 filing to $11M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 651260993 · Southpoint Bank PY 2023 · 401(k)

Southpoint Bank 401(k) Employee Stock Ownership Plan · $11M · 142 · 61st

  • IND $11M
  • IND 142
  • IND 61st
  • IND 401(k)
  • IND near Local 74 U.S.W.U. 401(k) Savings Plan
  • IND ind #4084

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 →

Southpoint Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Southpoint Bank 401(k) Employee Stock Ownership PlanSouthpoint Bank 401(k) Emplo…$11MLocal 74 U.S.W.U. 401(k) Savings PlanLocal 74 U.S.W.U. 401(k) Sav…$11MGreater Lakes Mental Healthcare 401(k) Retirement PlanGreater Lakes Mental Healthc…$11MTorrance Orthopedic & Sports Medicine Group 401 (K) Profit Sharing PlanTorrance Orthopedic & Sports…$11MElevate Energy 401(k) Plan$11M
End-of-year total assets ($M) among Southpoint Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Alabama filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$1M
Employer EIN651260993
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southpoint Bank)

Sponsor-wide plan assets over time

All Southpoint Bank plans reported in each filing year

Latest sponsor-wide plan assets
$13M 30.348280877652883% vs 2022
2024 filing year
$9M$10M$11M$12M$13M$14M 202220232024 $9.94M $13M ▲ +30.4%
Year Plans Participants Total Assets
2022 1 92 $10M
2023 1 142 $11M
2024 1 135 $13M

Nearby 401(k) Plans in Alabama

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

Southpoint Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Southpoint Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.011359345 · Participants: 142Southpoint Bank 401(k) Employee Stock Ownership 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
Southpoint Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Southpoint Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

Southpoint Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Local 74 U.S.W.U. 401(k) Savings Plan in NY ($11M); by covered participants it is Texas Veterinary, PLLC 401(k) Plan in TX (142 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (142 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 Southpoint Bank 401(k) Employee Stock Ownership Plan assets move in 2023? ▼
Southpoint Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 14.3% during 2023, from $10M to $11M. Reported net income was $1M.
How have Southpoint Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southpoint Bank's sponsor-wide assets grew 30.3%, from $10M to $13M.
Which 401(k) plans are similar in size to Southpoint Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Local 74 U.S.W.U. 401(k) Savings Plan in NY ($11M, 711 participants).
Which 401(k) plans cover a similar participant headcount to Southpoint Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Texas Veterinary, PLLC 401(k) Plan in TX (142 participants, $12M 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 651260993.

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.