401(k) · DOL Form 5500 · 2024

South Banking Company 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
158
Participants Small participant base
66th
Percentile by assets National rank
$100,106
Avg per participant Below avg balance/head
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Official DOL plan name: Savings Plan for Employees of South Banking Company · Sponsored by South Banking Company · Georgia · Finance & Insurance

$16M in assets, 158 participants

South Banking Company's Savings Plan for Employees of South Banking Company reported $16M in total assets and 158 participants in its 2024 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,242 in Finance & Insurance (8,549 peers)

Coverage in Georgia

Savings Plan for Employees of South Banking Company covers 158 participants in Georgia, about 14% of the average Georgia filer (state average ~1,096 per filing). Assets: $16M.

#4,242
in Finance & Insurance (8,549 peers)
+15.9%
assets growth YoY

Savings Plan for Employees of South Banking Company's mid-pack asset rank among Finance & Insurance and all filers

Savings Plan for Employees of South Banking Company vs every filed plan by assets

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

$15,816,683 Top 34% higher than 66% 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

Savings Plan for Employees of South Banking Company among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Savings Plan for Employees of South Banking Company sits mid-pack in the medium band (158 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Savings Plan for Employees of South Banking Company reported net income rose from $486K in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Savings Plan for Employees of South Banking Company reported participants rose from 135 in the plan year 2023 filing to 158 in the plan year 2024 filing.
  • Savings Plan for Employees of South Banking Company end-of-year assets rose from $14M in the plan year 2023 filing to $16M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 581418696 · South Banking Company PY 2024 · 401(k)

Savings Plan for Employees of South Banking Company · $16M · 158 · 66th

  • EIN $16M
  • RANK 158
  • PHOTO 66th
  • IND 401(k)
  • EOY near Chs Inc. 401(k) Plan for Union Production Employees
  • 5500 ind #4242

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 Georgia →

Savings Plan for Employees of South Banking Company in the asset neighbourhood

Savings Plan for Employees of South Banking CompanySavings Plan for Employees o…$16MChs Inc. 401(k) Plan for Union Production EmployeesChs Inc. 401(k) Plan for Uni…$16MCoastal Eye Group, PC 401(k) Profit Sharing PlanCoastal Eye Group, PC 401(k)…$16MChemstress Consultant Company Retirement Plan and TrustChemstress Consultant Compan…$16MCanal Generating LLC 401(k) PlanCanal Generating LLC 401(k) …$16M
End-of-year total assets ($M) among Savings Plan for Employees of South Banking Company and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Georgia filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$2M
Employer EIN581418696
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Banking Company)

Sponsor-wide plan assets over time

All South Banking Company plans reported in each filing year

Latest sponsor-wide plan assets
$16M 20.18546941698355% vs 2022
2024 filing year
$12M$13M$14M$15M$16M$17M 202220232024 $13.2M $15.8M ▲ +20.2%
Year Plans Participants Total Assets
2022 1 131 $13M
2023 1 135 $14M
2024 1 158 $16M

Nearby 401(k) Plans in Georgia

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

Savings Plan for Employees of South Banking Company vs. nearby 401(k) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Savings Plan for Employees of South Banking Company, Total assets ($B): 0.015816683 · Participants: 158Savings Plan for Employees of South Banking CompanyThe Teamster - UPS National 401(k) Tax Deferred Savings Plan, Total assets ($B): 19.309174243 · Participants: 452126The Teamster - UPS National 401(k) Tax Deferred Savings PlanDelta 401(k) Retirement Plan, Total assets ($B): 18.985170319 · Participants: 89836Delta 401(k) Retirement PlanDelta 401(k) Retirement Plan for Pilots, Total assets ($B): 15.928334925 · Participants: 14473Delta 401(k) Retirement Plan for PilotsUPS 401(k) Savings Plan, Total assets ($B): 14.192071511 · Participants: 95250UPS 401(k) Savings PlanThe Home Depot Futurebuilder, Total assets ($B): 14.149677171 · Participants: 398464The Home Depot Futurebuilder
Savings Plan for Employees of South Banking Company vs. nearby 401(k) plans in Georgia, assets vs. participants
Compare Savings Plan for Employees of South Banking Company side-by-side with 3 peers →

Savings Plan for Employees of South Banking Company's out-of-state 401(k) peers by assets and headcount

Outside Georgia, the nearest 401(k) by assets is Chs Inc. 401(k) Plan for Union Production Employees in MN ($16M); by covered participants it is Supportive Healthcare, Inc 401(k) Plan in FL (158 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (158 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 Savings Plan for Employees of South Banking Company assets move in 2024? ▼
Savings Plan for Employees of South Banking Company grew sharply - up 15.9% during 2024, from $14M to $16M. Reported net income was $2M.
How have South Banking Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Banking Company's sponsor-wide assets grew 20.2%, from $13M to $16M.
Which 401(k) plans are similar in size to Savings Plan for Employees of South Banking Company? ▼
Among 401(k) plans in other states, the closest by assets is Chs Inc. 401(k) Plan for Union Production Employees in MN ($16M, 108 participants).
Which 401(k) plans cover a similar participant headcount to Savings Plan for Employees of South Banking Company? ▼
Among 401(k) plans in other states, the closest by covered participants is Supportive Healthcare, Inc 401(k) Plan in FL (158 participants, $277K 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 581418696.

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.