401(k) · DOL Form 5500 · 2024

Southpoint Bank 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
135
Participants Small participant base
61st
Percentile by assets National rank
$95,982
Avg per participant Below avg balance/head
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Official DOL plan name: Southpoint Bank 401(k) Employee Stock Ownership Plan · Sponsored by Southpoint Bank · Alabama · Finance & Insurance

$13M in assets, 135 participants

Southpoint Bank's Southpoint Bank 401(k) Employee Stock Ownership Plan reported $13M in total assets and 135 participants in its 2024 DOL Form 5500 filing, ranking in the 61st 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.

  • #3,873 in Finance & Insurance (8,549 peers)

Coverage in Alabama

Southpoint Bank 401(k) Employee Stock Ownership Plan covers 135 participants in Alabama, about 38% of the average Alabama filer (state average ~360 per filing). Assets: $13M.

#3,873
in Finance & Insurance (8,549 peers)
+14.1%
assets growth YoY

Southpoint Bank 401(k) Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Southpoint Bank 401(k) Employee Stock Ownership Plan vs every filed plan by assets

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

$12,957,585 Top 39% higher than 61% 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

Southpoint Bank 401(k) Employee Stock Ownership Plan 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. Southpoint Bank 401(k) Employee Stock Ownership Plan sits mid-pack in the medium band (135 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Southpoint Bank 401(k) Employee Stock Ownership Plan end-of-year assets rose from $11M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • Southpoint Bank 401(k) Employee Stock Ownership Plan reported net income rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Southpoint Bank 401(k) Employee Stock Ownership Plan reported participants fell from 142 in the plan year 2023 filing to 135 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 651260993 · Southpoint Bank PY 2024 · 401(k)

Southpoint Bank 401(k) Employee Stock Ownership Plan · $13M · 135 · 61st

  • BOOK $13M
  • BOOK 135
  • BOOK 61st
  • BOOK 401(k)
  • BOOK near Velocity 401(k) Plan
  • BOOK ind #3873

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 Alabama →

Southpoint Bank 401(k) Employee Stock Ownership Plan in the asset neighbourhood

Southpoint Bank 401(k) Employee Stock Ownership PlanSouthpoint Bank 401(k) Emplo…$13MVelocity 401(k) Plan$13MAlan J. Zuccari, Inc. 401(k) Profit Sharing PlanAlan J. Zuccari, Inc. 401(k)…$13MThe Dynamic Group, Inc. 401(k) Retirement Savings PlanThe Dynamic Group, Inc. 401(…$13MFirst Baird Bancshares, Inc. 401(k) Profit Sharing PlanFirst Baird Bancshares, Inc.…$13M
End-of-year total assets ($M) among Southpoint Bank 401(k) Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Alabama filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$13M
Net Income$2M
Employer EIN651260993
Plan Effective Date2011-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southpoint Bank)

Sponsor-wide plan assets over time

All Southpoint Bank plans reported in each filing year

Latest sponsor-wide plan assets
$13M 30.348280877652883% vs 2022
2024 filing year
$9M$10M$11M$12M$13M$14M 202220232024 $9.94M $13M ▲ +30.4%
Year Plans Participants Total Assets
2022 1 92 $10M
2023 1 142 $11M
2024 1 135 $13M

Nearby 401(k) Plans in Alabama

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

Southpoint Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Southpoint Bank 401(k) Employee Stock Ownership Plan, Total assets ($B): 0.012957585 · Participants: 135Southpoint Bank 401(k) Employee Stock Ownership PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 3.197489981 · Participants: 20783Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.722944967 · Participants: 29454Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.651353194 · Participants: 4638Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.472398962 · Participants: 8628Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.234118844 · Participants: 6167Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Southpoint Bank 401(k) Employee Stock Ownership Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Southpoint Bank 401(k) Employee Stock Ownership Plan side-by-side with 3 peers →

Southpoint Bank 401(k) Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Velocity 401(k) Plan in OH ($13M); by covered participants it is Ahold Delhaize USA 401(k) Plan in MA (135 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (135 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 Southpoint Bank 401(k) Employee Stock Ownership Plan assets move in 2024? ▼
Southpoint Bank 401(k) Employee Stock Ownership Plan grew at a solid clip - up 14.1% during 2024, from $11M to $13M. Reported net income was $2M.
How have Southpoint Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southpoint Bank's sponsor-wide assets grew 30.3%, from $10M to $13M.
Which 401(k) plans are similar in size to Southpoint Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Velocity 401(k) Plan in OH ($13M, 461 participants).
Which 401(k) plans cover a similar participant headcount to Southpoint Bank 401(k) Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ahold Delhaize USA 401(k) Plan in MA (135 participants, N/A 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 651260993.

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.