Defined Benefit (Pension) · DOL Form 5500 · 2024
Southco, Inc. Pension Plan
Data updated 2026-08-11
- $148M
- Total assets
- 192
- Participants
- 93rd
- Percentile by assets
- $768,461
- Avg per participant
Official DOL plan name: Pension Plan for Employees of Southco, Inc. · Sponsored by Southco, Inc. · Pennsylvania · Manufacturing
$148M in assets, 192 participants
Southco, Inc.'s Pension Plan for Employees of Southco, Inc. reported $148M in total assets and 192 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 123,622 plans)
- #15,861 in Manufacturing (17,777 peers)
Coverage in Pennsylvania
Pension Plan for Employees of Southco, Inc. covers 192 participants in Pennsylvania, about 23% of the average Pennsylvania filer (state average ~822 per filing). Assets: $148M.
- $148M
- total plan assets (2024 EOY)
- 192
- covered participants
- 93rd
- percentile by assets (of 123,622 plans)
- $768,461
- avg assets per participant
The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Pension Plan for Employees of Southco, Inc. reported net income fell from $8M in the plan year 2023 filing to -$10M in the plan year 2024 filing.
- Pension Plan for Employees of Southco, Inc. reported participants fell from 214 in the plan year 2023 filing to 192 in the plan year 2024 filing.
- Pension Plan for Employees of Southco, Inc. end-of-year assets fell from $157M in the plan year 2023 filing to $148M in the plan year 2024 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Pension Plan for Employees of Southco, Inc. reports 192 participants - about 23% of that state average ($148M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $157M |
|---|---|
| Net Assets (End of Year) | $148M |
| Net Income | -$10M |
| Employer EIN | 231287596 |
| Plan Effective Date | 1958-12-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southco, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 781 | $248M |
| 2023 | 2 | 776 | $254M |
| 2024 | 2 | 762 | $234M |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Pension Plan for Employees of Southco, Inc. vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $12.2B · 28,308
- Steelworkers Pension Trust $7.2B · 46,110
- The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
- The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
- Constellation Retirement Program $5.0B · 4,809
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Pension Plan for Employees of Southco, Inc. by total assets, not by location.
Frequently Asked Questions
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How have Southco, Inc. plan assets changed over time? ▼
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Filing takeaways
Ways to act on Pension Plan for Employees of Southco, Inc.'s numbers.
- By total assets, Pension Plan for Employees of Southco, Inc. ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- Southco, Inc.'s sponsor-wide assets have declined 5.6% since 2022 across 3 plan years on file. More Manufacturing plans