401(k) · DOL Form 5500 · 2024

Southern Bancshares, Inc. 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
141
Participants Small participant base
72nd
Percentile by assets National rank
$154,340
Avg per participant Above avg balance/head
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Official DOL plan name: The Southern Bancshares 401(k) Plan · Sponsored by Southern Bancshares, Inc. · Texas · Finance & Insurance

$22M in assets, 141 participants

Southern Bancshares, Inc.'s The Southern Bancshares 401(k) Plan reported $22M in total assets and 141 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.

  • #4,905 in Finance & Insurance (8,549 peers)

Coverage in Texas

The Southern Bancshares 401(k) Plan covers 141 participants in Texas, about 21% of the average Texas filer (state average ~688 per filing). Assets: $22M.

#4,905
in Finance & Insurance (8,549 peers)
+16.4%
assets growth YoY

The Southern Bancshares 401(k) Plan's outsized position by total assets

The Southern Bancshares 401(k) Plan vs every filed plan by assets

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

$21,761,984 Top 28% higher than 72% 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 Bancshares 401(k) 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. The Southern Bancshares 401(k) Plan sits mid-pack in the medium band (141 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Southern Bancshares 401(k) Plan end-of-year assets rose from $19M in the plan year 2023 filing to $22M in the plan year 2024 filing.
  • The Southern Bancshares 401(k) 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 →

EBSA filing schedule strip

Filing strip 742224807 · Southern Bancshares, Inc. PY 2024 · 401(k)

The Southern Bancshares 401(k) Plan · $22M · 141 · 72nd

  • PCT $22M
  • EIN 141
  • RANK 72nd
  • PHOTO 401(k)
  • IND near Physical Therapy & Sports Medicine Centers 401(k) Plan
  • EOY ind #4905

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 Texas →

The Southern Bancshares 401(k) Plan in the asset neighbourhood

Chesapeake Sprinkler Company, Inc. 401(k) Retirement PlanChesapeake Sprinkler Company…$22MThe Southern Bancshares 401(k) PlanThe Southern Bancshares 401(…$22MPhysical Therapy & Sports Medicine Centers 401(k) PlanPhysical Therapy & Sports Me…$22MCommand Holdings 401(k) Plan$22MAlliance Group Retirement PlanAlliance Group Retirement Pl…$22M
End-of-year total assets ($M) among The Southern Bancshares 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$22M
Net Income$3M
Employer EIN742224807
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Bancshares, Inc.)

Sponsor-wide plan assets over time

All Southern Bancshares, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$22M 40.956611732713114% vs 2022
2024 filing year
$14M$16M$18M$20M$22M$24M 202220232024 $15.4M $21.8M ▲ +40.9%
Year Plans Participants Total Assets
2022 1 131 $15M
2023 1 142 $19M
2024 1 141 $22M

Nearby 401(k) Plans in Texas

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

The Southern Bancshares 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants The Southern Bancshares 401(k) Plan, Total assets ($B): 0.021761984 · Participants: 141The Southern Bancshares 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings Plan
The Southern Bancshares 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare The Southern Bancshares 401(k) Plan side-by-side with 3 peers →

The Southern Bancshares 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Physical Therapy & Sports Medicine Centers 401(k) Plan in CT ($22M); by covered participants it is Vonlehman & Co., Inc. Employee's Savings Plan in KY (141 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (141 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 Bancshares 401(k) Plan assets move in 2024? ▼
The Southern Bancshares 401(k) Plan grew sharply - up 16.4% during 2024, from $19M to $22M. Reported net income was $3M.
How have Southern Bancshares, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Bancshares, Inc.'s sponsor-wide assets grew 41.0%, from $15M to $22M.
Which 401(k) plans are similar in size to The Southern Bancshares 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Physical Therapy & Sports Medicine Centers 401(k) Plan in CT ($22M, 284 participants).
Which 401(k) plans cover a similar participant headcount to The Southern Bancshares 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Vonlehman & Co., Inc. Employee's Savings Plan in KY (141 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 742224807.

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.