ESOP · DOL Form 5500 · 2024

The Southern Banc Company, Inc. ESOP

Data updated 2026-08-25

$278K
Total assets Small plan by assets
22
Participants Small participant base
13th
Percentile by assets National rank
$12,636
Avg per participant Low balance/head
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Official DOL plan name: The Southern Banc Company, Inc. Employee Stock Ownership Plan · Sponsored by The Southern Banc Company, Inc. · Alabama · Management of Enterprises

$278K in assets, 22 participants

The Southern Banc Company, Inc.'s The Southern Banc Company, Inc. Employee Stock Ownership Plan reported $278K in total assets and 22 participants in its 2024 DOL Form 5500 filing, ranking in the 13th 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.

  • #105 in Management of Enterprises (1,133 peers)

What the 2024 filing shows

The Southern Banc Company, Inc. Employee Stock Ownership Plan holds $278K for 22 participants - about $12,636 per participant, among the smaller plans by assets on file.

#105
in Management of Enterprises (1,133 peers)
-4.4%
assets change YoY

The plan reported a net loss of $12K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Southern Banc Company, Inc. Employee Stock Ownership Plan among the smaller filed plans by assets

The Southern Banc Company, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$277,992 13th percentile higher than 13% 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

The Southern Banc Company, 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. The Southern Banc Company, Inc. Employee Stock Ownership Plan is a small filing (22 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Southern Banc Company, Inc. Employee Stock Ownership Plan reported net income rose from -$18K in the plan year 2023 filing to -$12K in the plan year 2024 filing.
  • The Southern Banc Company, Inc. Employee Stock Ownership Plan end-of-year assets fell from $291K in the plan year 2023 filing to $278K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 631146351 · The Southern Banc Company, Inc. PY 2024 · ESOP

The Southern Banc Company, Inc. Employee Stock Ownership Plan · $278K · 22 · 13th

  • ASSETS $278K
  • ASSETS 22
  • ASSETS 13th
  • ASSETS ESOP
  • ASSETS near Jax Mercantile Co. Employee Stock Ownership Plan
  • ASSETS ind #105

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 →

The Southern Banc Company, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Southern Banc Company, Inc. Employee Stock Ownership PlanThe Southern Banc Company, I…$278KJax Mercantile Co. Employee Stock Ownership PlanJax Mercantile Co. Employee …$277KNational Automobile Club Employee Stock Ownership PlanNational Automobile Club Emp…$277KSequoia Medicine and Technology Inc. Employee Stock Ownership PlanSequoia Medicine and Technol…$276KAutomation-X Corporation Employee Stock Ownership PlanAutomation-X Corporation Emp…$281K
End-of-year total assets ($M) among The Southern Banc Company, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$291K
Net Assets (End of Year)$278K
Net Income-$12K
Employer EIN631146351
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Southern Banc Company, Inc.)

Sponsor-wide plan assets over time

All The Southern Banc Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$278K 9.837995621503284% vs 2022
2024 filing year
$0.27M$0.28M$0.29M$0.3M$0.31M$0.32M 202220232024 $0.31M $0.28M ▼ -9.7%
Year Plans Participants Total Assets
2022 1 19 $308K
2023 1 22 $291K
2024 1 22 $278K

Nearby ESOP Plans in Alabama

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

The Southern Banc Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -2000200400600 Total assets ($M) Participants The Southern Banc Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 0.277992 · Participants: 22The Southern Banc Company, Inc. Employee Stock Ownership PlanStarfish Holdings, Inc. Employee Stock Ownership Plan, Total assets ($M): 515.369863 · Participants: 1644Starfish Holdings, Inc. Employee Stock Ownership PlanInline Electric Employee Stock Ownership Plan, Total assets ($M): 242.741411 · Participants: 298Inline Electric Employee Stock Ownership PlanSignature Homes Employee Stock Ownership Plan, Total assets ($M): 224.790459 · Participants: 125Signature Homes Employee Stock Ownership PlanRadiance Technologies, Inc. Employee Stock Ownership Plan, Total assets ($M): 194.917315 · Participants: 1041Radiance Technologies, Inc. Employee Stock Ownership PlanEmployee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries, Total assets ($M): 181.843353 · Participants: 958Employee Stock Ownership Plan for Employees of David Volkert and Associates, Inc. and Subsidiaries
The Southern Banc Company, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Alabama, assets vs. participants
Compare The Southern Banc Company, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

The Southern Banc Company, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Alabama, the nearest ESOP by assets is Jax Mercantile Co. Employee Stock Ownership Plan in CO ($277K); by covered participants it is Electricians, Inc. ESOP in HI (22 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (22 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 The Southern Banc Company, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
The Southern Banc Company, Inc. Employee Stock Ownership Plan edged down modestly - down 4.4% during 2024, from $291K to $278K. Reported net income was -$12K.
How have The Southern Banc Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Southern Banc Company, Inc.'s sponsor-wide assets declined 9.8%, from $308K to $278K.
Where does The Southern Banc Company, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The Southern Banc Company, Inc. Employee Stock Ownership Plan ranks in the 13th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to The Southern Banc Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Jax Mercantile Co. Employee Stock Ownership Plan in CO ($277K, 222 participants).
Which ESOP plans cover a similar participant headcount to The Southern Banc Company, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Electricians, Inc. ESOP in HI (22 participants, $20M 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 631146351.

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.