Defined Benefit (Pension) · DOL Form 5500 · 2024

Southern Bank and Trust Company Pension Plan

Data updated 2026-08-25

$91M
Total assets Below avg plan size
159
Participants Small participant base
90th
Percentile by assets National rank
$570,376
Avg per participant High balance/head
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Official DOL plan name: Southern Bank and Trust Company Pension Plan · Sponsored by Southern Bank and Trust Company · North Carolina · Finance & Insurance

$91M in assets, 159 participants

Southern Bank and Trust Company's Southern Bank and Trust Company Pension Plan reported $91M in total assets and 159 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,183 in Finance & Insurance (8,549 peers)

Coverage in North Carolina

Southern Bank and Trust Company Pension Plan covers 159 participants in North Carolina, about 19% of the average North Carolina filer (state average ~819 per filing). Assets: $91M.

#7,183
in Finance & Insurance (8,549 peers)
-2.6%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Southern Bank and Trust Company Pension Plan's outsized position by total assets

Southern Bank and Trust Company Pension Plan vs every filed plan by assets

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

$90,689,764 Top 10% higher than 90% 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 Bank and Trust Company Pension 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. Southern Bank and Trust Company Pension Plan sits mid-pack in the medium band (159 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Southern Bank and Trust Company Pension Plan reported net income fell from $6M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Southern Bank and Trust Company Pension Plan reported participants fell from 173 in the plan year 2023 filing to 159 in the plan year 2024 filing.
  • Southern Bank and Trust Company Pension Plan end-of-year assets fell from $93M in the plan year 2023 filing to $91M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 560132260 · Southern Bank and Trust Company PY 2024 · Defined Benefit (Pension)

Southern Bank and Trust Company Pension Plan · $91M · 159 · 90th

  • EIN $91M
  • RANK 159
  • PHOTO 90th
  • IND Defined Benefit (Pension)
  • EOY near Ilwu (Hawaii) Employers General Pension Plan
  • 5500 ind #7183

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 North Carolina →

Southern Bank and Trust Company Pension Plan in the asset neighbourhood

Atkore Union Pension Plan$91MSouthern Bank and Trust Company Pension PlanSouthern Bank and Trust Comp…$91MIlwu (Hawaii) Employers General Pension PlanIlwu (Hawaii) Employers Gene…$91MLocal 463 Pension Fund$91MCincinnati Bell Management Pension PlanCincinnati Bell Management P…$91M
End-of-year total assets ($M) among Southern Bank and Trust Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$93M
Net Assets (End of Year)$91M
Net Income-$2M
Employer EIN560132260
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Bank and Trust Company)

Sponsor-wide plan assets over time

All Southern Bank and Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$175M 18.33213335262524% vs 2022
2024 filing year
$140M$150M$160M$170M$180M 202220232024 $148M $175M ▲ +18.3%
Year Plans Participants Total Assets
2022 3 805 $148M
2023 3 776 $167M
2024 3 765 $175M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Southern Bank and Trust Company Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Southern Bank and Trust Company Pension Plan, Total assets ($B): 0.090689764 · Participants: 159Southern Bank and Trust Company Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Southern Bank and Trust Company Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Southern Bank and Trust Company Pension Plan side-by-side with 3 peers →

Southern Bank and Trust Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Ilwu (Hawaii) Employers General Pension Plan in HI ($91M); by covered participants it is Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield Association in IL (159 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($91M here).

Similar participant headcount

Nearest other-state filings by covered participants (159 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 Bank and Trust Company Pension Plan assets move in 2024? ▼
Southern Bank and Trust Company Pension Plan edged down modestly - down 2.6% during 2024, from $93M to $91M. Reported net income was -$2M.
How have Southern Bank and Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Bank and Trust Company's sponsor-wide assets grew 18.3%, from $148M to $175M.
Where does Southern Bank and Trust Company Pension Plan rank by assets among Form 5500 filers? ▼
Southern Bank and Trust Company Pension Plan ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Southern Bank and Trust Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ilwu (Hawaii) Employers General Pension Plan in HI ($91M, 1,434 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Southern Bank and Trust Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield Association in IL (159 participants, $194M 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 560132260.

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.