ESOP · DOL Form 5500 · 2024

Southern Software, Inc. ESOP

Data updated 2026-08-25

$26M
Total assets Below avg plan size
86
Participants Small participant base
75th
Percentile by assets National rank
$306,517
Avg per participant High balance/head
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Official DOL plan name: The Southern Software, Inc. Employee Stock Ownership Plan · Sponsored by Southern Software, Inc. · North Carolina · Professional & Technical Services

$26M in assets, 86 participants

Southern Software, Inc.'s The Southern Software, Inc. Employee Stock Ownership Plan reported $26M in total assets and 86 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.

  • #15,164 in Professional & Technical Services (20,173 peers)

Where The Southern Software, Inc. Employee Stock Ownership Plan sits by assets

The Southern Software, Inc. Employee Stock Ownership Plan sits in the top quartile of all filed plans by assets, $26M for 86 participants (~$306,517/participant), down 15.3% in 2024.

#15,164
in Professional & Technical Services (20,173 peers)
-15.3%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Southern Software, Inc. Employee Stock Ownership Plan's outsized position by total assets

The Southern Software, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$26,360,448 Top 25% higher than 75% 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 Software, Inc. Employee Stock Ownership Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Southern Software, Inc. Employee Stock Ownership Plan is a small filing (86 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Southern Software, Inc. Employee Stock Ownership Plan reported net income fell from $10M in the plan year 2023 filing to -$8M in the plan year 2024 filing.
  • The Southern Software, Inc. Employee Stock Ownership Plan end-of-year assets fell from $31M in the plan year 2023 filing to $26M in the plan year 2024 filing.
  • The Southern Software, Inc. Employee Stock Ownership Plan reported participants rose from 83 in the plan year 2023 filing to 86 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 561648911 · Southern Software, Inc. PY 2024 · ESOP

The Southern Software, Inc. Employee Stock Ownership Plan · $26M · 86 · 75th

  • BOY $26M
  • SCH 86
  • EBSA 75th
  • PART ESOP
  • TYPE near Xfmrs, Inc. Employees' Stock Ownership Plan
  • NET ind #15164

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 What is an ESOP? → · Plans in North Carolina →

The Southern Software, Inc. Employee Stock Ownership Plan in the asset neighbourhood

The Southern Software, Inc. Employee Stock Ownership PlanThe Southern Software, Inc. …$26MXfmrs, Inc. Employees' Stock Ownership PlanXfmrs, Inc. Employees' Stock…$26MPeoples Services, Inc. Employee Stock Ownership PlanPeoples Services, Inc. Emplo…$26MBognet Construction Associates Inc. Employee Stock Ownership PlanBognet Construction Associat…$26MHart Howerton Employee Stock Ownership PlanHart Howerton Employee Stock…$26M
End-of-year total assets ($M) among The Southern Software, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$23M
Net Income-$8M
Employer EIN561648911
Plan Effective Date2004-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Software, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$26M 22.049281884601495% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $21.6M $26.4M ▲ +22.0%
Year Plans Participants Total Assets
2022 1 84 $22M
2023 1 83 $31M
2024 1 86 $26M

Nearby ESOP Plans in North Carolina

Peer ESOP plans, same state, same plan type, ranked by total assets.

The Southern Software, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 050010001500 050100150200 Total assets ($M) Participants The Southern Software, Inc. Employee Stock Ownership Plan, Total assets ($M): 26.360448 · Participants: 86The Southern Software, Inc. Employee Stock Ownership PlanColumbia Forest Products, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 184.02736 · Participants: 1396Columbia Forest Products, Inc. Employee Stock Ownership Plan and TrustEcmd, Inc. Employee Stock Ownership Plan, Total assets ($M): 153.55178 · Participants: 969Ecmd, Inc. Employee Stock Ownership PlanPrecision Walls, Inc. Employee Stock Ownership Plan, Total assets ($M): 143.430717 · Participants: 1228Precision Walls, Inc. Employee Stock Ownership PlanRobert E. Mason & Associates, Inc. Employee Stock Ownership Plan, Total assets ($M): 132.702062 · Participants: 279Robert E. Mason & Associates, Inc. Employee Stock Ownership PlanState Utility Contractors, Inc. Employee Stock Ownership Plan, Total assets ($M): 123.497988 · Participants: 158State Utility Contractors, Inc. Employee Stock Ownership Plan
The Southern Software, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in North Carolina, assets vs. participants
Compare The Southern Software, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

The Southern Software, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside North Carolina, the nearest ESOP by assets is Xfmrs, Inc. Employees' Stock Ownership Plan in IN ($26M); by covered participants it is Fitzwater Holding Group Employee Stock Ownership Plan in OH (86 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (86 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 Software, Inc. Employee Stock Ownership Plan assets move in 2024? ▼
The Southern Software, Inc. Employee Stock Ownership Plan declined sharply - down 15.3% during 2024, from $31M to $26M. Reported net income was -$8M.
How have Southern Software, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Software, Inc.'s sponsor-wide assets grew 22.0%, from $22M to $26M.
Where does The Southern Software, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The Southern Software, Inc. Employee Stock Ownership Plan ranks in the 75th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to The Southern Software, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Xfmrs, Inc. Employees' Stock Ownership Plan in IN ($26M, 36 participants).
Which ESOP plans cover a similar participant headcount to The Southern Software, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Fitzwater Holding Group Employee Stock Ownership Plan in OH (86 participants, $11M 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 561648911.

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.