ESOP · DOL Form 5500 · 2024

Southern Air Incorporated ESOP

Data updated 2026-08-25

$41M
Total assets Below avg plan size
612
Participants Below avg headcount
82nd
Percentile by assets National rank
$66,662
Avg per participant Below avg balance/head
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Official DOL plan name: Southern Air Incorporated Employee Stock Ownership Plan and Trust · Sponsored by Southern Air Incorporated · Virginia · Construction

$41M in assets, 612 participants

Southern Air Incorporated's Southern Air Incorporated Employee Stock Ownership Plan and Trust reported $41M in total assets and 612 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • #7,244 in Construction (9,039 peers)

Where Southern Air Incorporated Employee Stock Ownership Plan and Trust sits by assets

Southern Air Incorporated Employee Stock Ownership Plan and Trust sits in the top quartile of all filed plans by assets, $41M for 612 participants (~$66,662/participant), up 27.7% in 2024.

#7,244
in Construction (9,039 peers)
+27.7%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Southern Air Incorporated Employee Stock Ownership Plan and Trust's outsized position by total assets

Southern Air Incorporated Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$40,797,369 Top 18% higher than 82% 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 Air Incorporated Employee Stock Ownership Plan and Trust 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 Air Incorporated Employee Stock Ownership Plan and Trust sits mid-pack in the medium band (612 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Southern Air Incorporated Employee Stock Ownership Plan and Trust reported net income rose from $4M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Southern Air Incorporated Employee Stock Ownership Plan and Trust end-of-year assets rose from $32M in the plan year 2023 filing to $41M in the plan year 2024 filing.
  • Southern Air Incorporated Employee Stock Ownership Plan and Trust reported participants rose from 587 in the plan year 2023 filing to 612 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 540604377 · Southern Air Incorporated PY 2024 · ESOP

Southern Air Incorporated Employee Stock Ownership Plan and Trust · $41M · 612 · 82nd

  • VS-ST $41M
  • VS-ST 612
  • VS-ST 82nd
  • VS-ST ESOP
  • VS-ST near Absolute Group, Inc. Employee Stock Ownership Plan and Trust
  • VS-ST ind #7244

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 Virginia →

Southern Air Incorporated Employee Stock Ownership Plan and Trust in the asset neighbourhood

Dynabrade, Inc. Employee Stock Ownership PlanDynabrade, Inc. Employee Sto…$41MAbsolute Group, Inc. Employee Stock Ownership Plan and TrustAbsolute Group, Inc. Employe…$41MSouthern Air Incorporated Employee Stock Ownership Plan and TrustSouthern Air Incorporated Em…$41MSea-Land Chemical Co. Employees' Stock Ownership PlanSea-Land Chemical Co. Employ…$41MInsul-Therm Employee Stock Ownership PlanInsul-Therm Employee Stock O…$41M
End-of-year total assets ($M) among Southern Air Incorporated Employee Stock Ownership Plan and Trust and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$41M
Net Income$9M
Employer EIN540604377
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Air Incorporated)

Sponsor-wide plan assets over time

All Southern Air Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$111M 39.811914694474% vs 2022
2024 filing year
$70M$80M$90M$100M$110M$120M 202220232024 $79.4M $111M ▲ +39.8%
Year Plans Participants Total Assets
2022 2 1,285 $79M
2023 2 1,353 $94M
2024 2 1,355 $111M

Nearby ESOP Plans in Virginia

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

Southern Air Incorporated Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants Scatter plot of 6 data points. -200002000400060008000 -0.500.511.5 Total assets ($B) Participants Southern Air Incorporated Employee Stock Ownership Plan and Trust, Total assets ($B): 0.040797369 · Participants: 612Southern Air Incorporated Employee Stock Ownership Plan and TrustNvr, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.333135639 · Participants: 6515Nvr, Inc. Employee Stock Ownership PlanDelta Star Employee Stock Ownership Plan, Total assets ($B): 0.446814442 · Participants: 222Delta Star Employee Stock Ownership PlanModern Technology Solutions, Inc. Employee Stock Ownership Plan and Trust, Total assets ($B): 0.407104271 · Participants: 1962Modern Technology Solutions, Inc. Employee Stock Ownership Plan and TrustThe Resorts Companies, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.385752212 · Participants: 1811The Resorts Companies, Inc. Employee Stock Ownership PlanNew River Electrical Corporation Employee Stock Ownership Plan, Total assets ($B): 0.380000537 · Participants: 458New River Electrical Corporation Employee Stock Ownership Plan
Southern Air Incorporated Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Southern Air Incorporated Employee Stock Ownership Plan and Trust side-by-side with 3 peers →

Southern Air Incorporated Employee Stock Ownership Plan and Trust's out-of-state ESOP peers by assets and headcount

Outside Virginia, the nearest ESOP by assets is Absolute Group, Inc. Employee Stock Ownership Plan and Trust in IA ($41M); by covered participants it is Palmer-Donavin Employee Stock Ownership Plan in OH (613 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (612 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 Air Incorporated Employee Stock Ownership Plan and Trust assets move in 2024? ▼
Southern Air Incorporated Employee Stock Ownership Plan and Trust grew sharply - up 27.7% during 2024, from $32M to $41M. Reported net income was $9M.
How have Southern Air Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Air Incorporated's sponsor-wide assets grew 39.8%, from $79M to $111M.
Where does Southern Air Incorporated Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼
Southern Air Incorporated Employee Stock Ownership Plan and Trust ranks in the 82nd 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 Southern Air Incorporated Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is Absolute Group, Inc. Employee Stock Ownership Plan and Trust in IA ($41M, 286 participants).
Which ESOP plans cover a similar participant headcount to Southern Air Incorporated Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by covered participants is Palmer-Donavin Employee Stock Ownership Plan in OH (613 participants, $115M 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 540604377.

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.