ESOP · DOL Form 5500 · 2024

Southern Air Incorporated ESOP

Data updated 2026-08-11

$41M
Total assets
612
Participants
82nd
Percentile by assets
$66,662
Avg per participant
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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.

  • 82nd percentile by assets (of 123,622 plans)
  • #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.

$41M
total plan assets (2024 EOY)
612
covered participants
82nd
percentile by assets (of 123,622 plans)
$66,662
avg assets per participant

Where Southern Air Incorporated Employee Stock Ownership Plan and Trust sits 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 $2,010,000,000 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

  • 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 →

State
Virginia
Industry
Construction

Southern Air Incorporated Employee Stock Ownership Plan and Trust vs the 2024 asset distribution

By assets, Southern Air Incorporated Employee Stock Ownership Plan and Trust outranks 82% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).

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)

$70M$80M$90M$100M$110M$120M 202220232024 $79.4M $111M ▲ +39.8%
Total plan assets by year, all Southern Air Incorporated plans on file
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 ($B) Participants Southern Air Incorpo…, Total assets ($B): 0.040797369 · Participants: 612Southern Air Incorpo…Nvr, Inc. Employee S…, Total assets ($B): 1.333135639 · Participants: 6515Nvr, Inc. Employee S…Delta Star Employee …, Total assets ($B): 0.446814442 · Participants: 222Delta Star Employee …Modern Technology So…, Total assets ($B): 0.407104271 · Participants: 1962Modern Technology So…The Resorts Companie…, Total assets ($B): 0.385752212 · Participants: 1811The Resorts Companie…New River Electrical…, Total assets ($B): 0.380000537 · Participants: 458New River Electrical…
Southern Air Incorporated Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Virginia, assets vs. participants
Compare Southern Air Incorporated Employee Stock… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Southern Air Incorporated Employee Stock Ownership Plan and Trust by total assets, not by location.

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).

Next read for Southern Air Incorporated Employee Stock…

Scale reading

Ways to act on Southern Air Incorporated Employee Stock Ownership Plan and Trust's numbers.

  • By total assets, Southern Air Incorporated Employee Stock Ownership Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar ESOP plans in Virginia. Compare plans
  • Southern Air Incorporated's sponsor-wide assets have grown 39.8% since 2022 across 3 plan years on file. More Construction plans

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.