ESOP · DOL Form 5500 · 2023

Southern Air Incorporated ESOP

Data updated 2026-08-25

$32M
Total assets Below avg plan size
587
Participants Below avg headcount
80th
Percentile by assets National rank
$54,408
Avg per participant Low balance/head
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Official DOL plan name: Southern Air Incorporated Employee Stock Ownership Plan and Trust · Sponsored by Southern Air Incorporated · Virginia · Construction

$32M in assets, 587 participants

Southern Air Incorporated's Southern Air Incorporated Employee Stock Ownership Plan and Trust reported $32M in total assets and 587 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #7,090 in Construction (9,030 peers)

Where Southern Air Incorporated Employee Stock Ownership Plan and Trust sits by assets

Southern Air Incorporated Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $32M for 587 participants (~$54,408/participant), up 14.0% in 2023.

#7,090
in Construction (9,030 peers)
+14.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Southern Air Incorporated Employee Stock Ownership Plan and Trust's outsized position by total assets

Southern Air Incorporated Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$31,937,291 Top 20% higher than 80% 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 Air Incorporated Employee Stock Ownership Plan and Trust 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 Air Incorporated Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (587 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern Air Incorporated Employee Stock Ownership Plan and Trust reported net income rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Southern Air Incorporated Employee Stock Ownership Plan and Trust end-of-year assets rose from $28M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Southern Air Incorporated Employee Stock Ownership Plan and Trust reported participants fell from 600 in the plan year 2022 filing to 587 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 540604377 · Southern Air Incorporated PY 2023 · ESOP

Southern Air Incorporated Employee Stock Ownership Plan and Trust · $32M · 587 · 80th

  • RANK $32M
  • RANK 587
  • RANK 80th
  • RANK ESOP
  • RANK near American Stock, Savings and Employee Trust
  • RANK ind #7090

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 What is an ESOP? → · Plans in Virginia →

Southern Air Incorporated Employee Stock Ownership Plan and Trust in the asset neighbourhood

Generant Company, Inc. Employee Stock Ownership PlanGenerant Company, Inc. Emplo…$32MMitchell/Martin Inc. Employee Stock Ownership PlanMitchell/Martin Inc. Employe…$32MAmerican Stock, Savings and Employee TrustAmerican Stock, Savings and …$32MSouthern Air Incorporated Employee Stock Ownership Plan and TrustSouthern Air Incorporated Em…$32MThe Equity Engineering Group, Inc. Employee Stock Ownership Plan and TrustThe Equity Engineering Group…$32M
End-of-year total assets ($M) among Southern Air Incorporated Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$32M
Net Income$4M
Employer EIN540604377
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Air Incorporated)

Sponsor-wide plan assets over time

All Southern Air Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$111M 39.811914694474% vs 2022
2024 filing year
$70M$80M$90M$100M$110M$120M 202220232024 $79.4M $111M ▲ +39.8%
Year Plans Participants Total Assets
2022 2 1,285 $79M
2023 2 1,353 $94M
2024 2 1,355 $111M

Nearby ESOP Plans in Virginia

Peer ESOP plans, same state, same plan type, ranked by total assets.

Southern Air Incorporated Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. 02000400060008000 -0.500.511.5 Total assets ($B) Participants Southern Air Incorporated Employee Stock Ownership Plan and Trust, Total assets ($B): 0.031937291 · Participants: 587Southern Air Incorporated Employee Stock Ownership Plan and TrustNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.200416394 · Participants: 6866Nvr, Inc. Employee Stock Ownership PlanThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.351932601 · Participants: 1751The Resorts Companies, Inc. Employee Stock Ownership PlanAmerican Systems Corporation Employee Stock Ownership Plan, Total assets ($B): 0.331314714 · Participants: 1782American Systems Corporation Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.321520666 · Participants: 1652Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.320954252 · Participants: 444New River Electrical Corporation Employee Stock Ownership Plan
Southern Air Incorporated Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Southern Air Incorporated Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Southern Air Incorporated Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is American Stock, Savings and Employee Trust in MN ($32M); by covered participants it is Rteam Management, Inc. Employee Stock Ownership Plan in OH (588 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (587 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 Air Incorporated Employee Stock Ownership Plan and Trust assets move in 2023? ▼
Southern Air Incorporated Employee Stock Ownership Plan and Trust grew at a solid clip - up 14.0% during 2023, from $28M to $32M. Reported net income was $4M.
How have Southern Air Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Air Incorporated's sponsor-wide assets grew 39.8%, from $79M to $111M.
Where does Southern Air Incorporated Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Southern Air Incorporated Employee Stock Ownership Plan and Trust ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Southern Air Incorporated Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is American Stock, Savings and Employee Trust in MN ($32M, 431 participants).
Which ESOP plans cover a similar participant headcount to Southern Air Incorporated Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Rteam Management, Inc. Employee Stock Ownership Plan in OH (588 participants, $183M 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 540604377.

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.