401(k) · DOL Form 5500 · 2024

South Atlantic, LLC 401(k) Plan

Data updated 2026-08-11

$25M
Total assets
302
Participants
74th
Percentile by assets
$82,217
Avg per participant
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Official DOL plan name: South Atlantic, LLC 401(k) Retirement Plan · Sponsored by South Atlantic, LLC · North Carolina · Manufacturing

$25M in assets, 302 participants

South Atlantic, LLC's South Atlantic, LLC 401(k) Retirement Plan reported $25M in total assets and 302 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.

  • 74th percentile by assets (of 123,622 plans)
  • #11,483 in Manufacturing (17,777 peers)

Coverage in North Carolina

South Atlantic, LLC 401(k) Retirement Plan covers 302 participants in North Carolina, about 37% of the average North Carolina filer (state average ~819 per filing). Assets: $25M.

$25M
total plan assets (2024 EOY)
302
covered participants
74th
percentile by assets (of 123,622 plans)
$82,217
avg assets per participant

Where South Atlantic, LLC 401(k) Retirement Plan sits by total assets

South Atlantic, LLC 401(k) Retirement Plan vs every filed plan by assets

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

$24,829,407 Top 26% higher than 74% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • South Atlantic, LLC 401(k) Retirement Plan end-of-year assets rose from $22M in the plan year 2023 filing to $25M in the plan year 2024 filing.
  • South Atlantic, LLC 401(k) Retirement Plan reported participants rose from 286 in the plan year 2023 filing to 302 in the plan year 2024 filing.
  • South Atlantic, LLC 401(k) Retirement Plan reported net income fell from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
North Carolina
Industry
Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. South Atlantic, LLC 401(k) Retirement Plan reports 302 participants - about 37% of that state average ($25M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$25M
Net Income$3M
Employer EIN561996898
Plan Effective Date1997-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Atlantic, LLC)

$15M$20M$25M$30M 202220232024 $18.1M $24.8M ▲ +37.3%
Total plan assets by year, all South Atlantic, LLC plans on file
Year Plans Participants Total Assets
2022 1 275 $18M
2023 1 286 $22M
2024 1 302 $25M

Nearby 401(k) Plans in North Carolina

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

South Atlantic, LLC 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants South Atlantic, LLC …, Total assets ($B): 0.024829407 · Participants: 302South Atlantic, LLC …The Bank of America …, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America …Honeywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retireme…, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retireme…Nucor Corporation Pr…, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Pr…Truist Financial Cor…, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Cor…
South Atlantic, LLC 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare South Atlantic, LLC 401(k) Retirement Pl… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to South Atlantic, LLC 401(k) Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did South Atlantic, LLC 401(k) Retirement Plan assets move in 2024? ▼
South Atlantic, LLC 401(k) Retirement Plan grew sharply - up 15.4% during 2024, from $22M to $25M. Reported net income was $3M.
How have South Atlantic, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Atlantic, LLC's sponsor-wide assets grew 37.3%, from $18M to $25M.
Which 401(k) plans are similar in size to South Atlantic, LLC 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Safe-Harbor 401(k) Profit Sharing Plan for Employees of the Chicago Community Trust in IL ($25M, 134 participants).

Next read for South Atlantic, LLC 401(k) Retirement Pl…

Filing takeaways

Ways to act on South Atlantic, LLC 401(k) Retirement Plan's numbers.

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 561996898.

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.