ESOP · DOL Form 5500 · 2024
Southern Community Bancshares, Inc. ESOP
Data updated 2026-08-25
- $3M
- Total assets Small plan by assets
- 2
- Participants Small participant base
- 36th
- Percentile by assets National rank
- $1.7M
- Avg per participant High balance/head
Official DOL plan name: Southern Community Bancshares, Inc. ESOP · Sponsored by Southern Community Bancshares, Inc. · Alabama · Finance & Insurance
$3M in assets, 2 participants
Southern Community Bancshares, Inc.'s Southern Community Bancshares, Inc. ESOP reported $3M in total assets and 2 participants in its 2024 DOL Form 5500 filing, ranking in the 36th 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.
- #2,039 in Finance & Insurance (8,549 peers)
2024 asset change
Southern Community Bancshares, Inc. ESOP surged 61.7% in 2024 ($2M → $3M) for 2 participants.
- #2,039
- in Finance & Insurance (8,549 peers)
- +61.7%
- assets growth YoY
Southern Community Bancshares, Inc. ESOP's mid-pack asset rank among Finance & Insurance and all filers
Southern Community Bancshares, Inc. ESOP vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$3,465,438 36th percentile higher than 36% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Southern Community Bancshares, Inc. ESOP among micro filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southern Community Bancshares, Inc. ESOP is a micro filing (2 participants), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Southern Community Bancshares, Inc. ESOP reported net income rose from -$1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
- Southern Community Bancshares, Inc. ESOP end-of-year assets rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Southern Community Bancshares, Inc. ESOP reported participants fell from 3 in the plan year 2023 filing to 2 in the plan year 2024 filing.
DOL schedule card
Filing strip 631176408 · Southern Community Bancshares, Inc. PY 2024 · ESOP
Southern Community Bancshares, Inc. ESOP · $3M · 2 · 36th
- EIN $3M
- RANK 2
- PHOTO 36th
- IND ESOP
- EOY near Organ Supply Industries, Inc. ESOP
- 5500 ind #2039
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 Alabama →
Southern Community Bancshares, Inc. ESOP in the asset neighbourhood
Southern Community Bancshares, Inc. years around the 2024 move
Sponsor-wide plan assets over time
All Southern Community Bancshares, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $3M 8.34098241752745% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 8 | $3M |
| 2023 | 1 | 3 | $2M |
| 2024 | 1 | 2 | $3M |
2024 asset-move particulars
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $3M |
| Net Income | $1M |
| Employer EIN | 631176408 |
| Plan Effective Date | 1996-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Alabama
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Starfish Holdings, Inc. Employee Stock Ownership Plan $515M · 1,644
- Inline Electric Employee Stock Ownership Plan $243M · 298
- Signature Homes Employee Stock Ownership Plan $225M · 125
- Radiance Technologies, Inc. Employee Stock Ownership Plan $195M · 1,041
- Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries $182M · 958
Southern Community Bancshares, Inc. ESOP's out-of-state ESOP peers by assets and headcount
Outside Alabama, the nearest ESOP by assets is Organ Supply Industries, Inc. ESOP in PA ($3M); by covered participants it is D Gormley Inc Employees Profit Sharing Plan in TX (2 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3M here).
Similar participant headcount
Nearest other-state filings by covered participants (2 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.