401(k) · DOL Form 5500 · 2024

Southern Gear and Machine, Inc. 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
85
Participants Small participant base
35th
Percentile by assets National rank
$36,719
Avg per participant Low balance/head
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Official DOL plan name: Southern Gear and Machine, Inc. Employee Stock Ownership Plan · Sponsored by Southern Gear and Machine, Inc. · Florida · Manufacturing

$3M in assets, 85 participants

Southern Gear and Machine, Inc.'s Southern Gear and Machine, Inc. Employee Stock Ownership Plan reported $3M in total assets and 85 participants in its 2024 DOL Form 5500 filing, ranking in the 35th 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.

  • #3,212 in Manufacturing (17,777 peers)

What the 2024 filing shows

Southern Gear and Machine, Inc. Employee Stock Ownership Plan holds $3M for 85 participants - about $36,719 per participant, in the lower half of filed plans by assets.

#3,212
in Manufacturing (17,777 peers)
-4.3%
assets change YoY

The plan reported a net loss of $141K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southern Gear and Machine, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Southern Gear and Machine, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,121,107 35th percentile higher than 35% of 123,620 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 2024

Southern Gear and Machine, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southern Gear and Machine, Inc. Employee Stock Ownership Plan is a small filing (85 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Southern Gear and Machine, Inc. Employee Stock Ownership Plan reported net income fell from $34K in the plan year 2023 filing to -$141K in the plan year 2024 filing.
  • Southern Gear and Machine, Inc. Employee Stock Ownership Plan reported participants fell from 95 in the plan year 2023 filing to 85 in the plan year 2024 filing.
  • Southern Gear and Machine, Inc. Employee Stock Ownership Plan end-of-year assets fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 590817825 · Southern Gear and Machine, Inc. PY 2024 · 401(k)

Southern Gear and Machine, Inc. Employee Stock Ownership Plan · $3M · 85 · 35th

  • BOY $3M
  • BOY 85
  • BOY 35th
  • BOY 401(k)
  • BOY near Savings Plan for Puerto Rico Employees of Kraft Foods Group, Inc.
  • BOY ind #3212

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 Manufacturing retirement plans → · Plans in Florida →

Southern Gear and Machine, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Southern Gear and Machine, Inc. Employee Stock Ownership PlanSouthern Gear and Machine, I…$3MSavings Plan for Puerto Rico Employees of Kraft Foods Group, Inc.Savings Plan for Puerto Rico…$3MLa Tourangelle, Inc. 401(k) Retirement PlanLa Tourangelle, Inc. 401(k) …$3MBlueshift 401(k) Plan$3MBoren Enterprises, Inc. 401(k) Profit Sharing PlanBoren Enterprises, Inc. 401(…$3M
End-of-year total assets ($M) among Southern Gear and Machine, Inc. Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income-$141K
Employer EIN590817825
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Gear and Machine, Inc.)

Sponsor-wide plan assets over time

All Southern Gear and Machine, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 3.3111316949556846% vs 2022
2024 filing year
$3.1M$3.15M$3.2M$3.25M$3.3M 202220232024 $3.23M $3.12M ▼ -3.4%
Year Plans Participants Total Assets
2022 1 89 $3M
2023 1 95 $3M
2024 1 85 $3M

Nearby 401(k) Plans in Florida

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

Southern Gear and Machine, Inc. Employee Stock Ownership Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Southern Gear and Machine, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.003121107 · Participants: 85Southern Gear and Machine, Inc. Employee Stock Ownership PlanL3harris Retirement Savings Plan, Total assets ($B): 16.316786122 · Participants: 40330L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 13.167098888 · Participants: 51081Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 9.190044852 · Participants: 310261Adp Totalsource Retirement Savings PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 8.068866271 · Participants: 197102Publix Super Markets, Inc. 401(k) Smart PlanNextera Energy, Inc. Employee Retirement Savings Plan, Total assets ($B): 5.484619612 · Participants: 16678Nextera Energy, Inc. Employee Retirement Savings Plan
Southern Gear and Machine, Inc. Employee Stock Ownership Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Southern Gear and Machine, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Southern Gear and Machine, Inc. Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Savings Plan for Puerto Rico Employees of Kraft Foods Group, Inc. in PA ($3M); by covered participants it is Heart of America Beverage Company, LLC 401(k) Plan in MO (85 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (85 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Southern Gear and Machine, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
Southern Gear and Machine, Inc. Employee Stock Ownership Plan edged down modestly - down 4.3% during 2024, from $3M to $3M. Reported net income was -$141K.
How have Southern Gear and Machine, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Gear and Machine, Inc.'s sponsor-wide assets declined 3.3%, from $3M to $3M.
Which 401(k) plans are similar in size to Southern Gear and Machine, Inc. Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Savings Plan for Puerto Rico Employees of Kraft Foods Group, Inc. in PA ($3M, 6 participants).
Which 401(k) plans cover a similar participant headcount to Southern Gear and Machine, Inc. Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Heart of America Beverage Company, LLC 401(k) Plan in MO (85 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 590817825.

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.