401(k) · DOL Form 5500 · 2024

Southco Distributing Company 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
189
Participants Below avg headcount
55th
Percentile by assets National rank
$51,353
Avg per participant Low balance/head
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Official DOL plan name: Southco Distributing Company 401(k) Retirement Plan · Sponsored by Southco Distributing Company · North Carolina · Wholesale Trade

$10M in assets, 189 participants

Southco Distributing Company's Southco Distributing Company 401(k) Retirement Plan reported $10M in total assets and 189 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #2,820 in Wholesale Trade (6,080 peers)

Coverage in North Carolina

Southco Distributing Company 401(k) Retirement Plan covers 189 participants in North Carolina, about 23% of the average North Carolina filer (state average ~819 per filing). Assets: $10M.

#2,820
in Wholesale Trade (6,080 peers)
+10.5%
assets growth YoY

Southco Distributing Company 401(k) Retirement Plan's mid-pack asset rank among Wholesale Trade and all filers

Southco Distributing Company 401(k) Retirement Plan vs every filed plan by assets

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

$9,705,759 Top 45% higher than 55% 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

Southco Distributing Company 401(k) Retirement 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. Southco Distributing Company 401(k) Retirement Plan sits mid-pack in the medium band (189 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Southco Distributing Company 401(k) Retirement Plan reported participants rose from 157 in the plan year 2023 filing to 189 in the plan year 2024 filing.
  • Southco Distributing Company 401(k) Retirement Plan reported net income fell from $1M in the plan year 2023 filing to $924K in the plan year 2024 filing.
  • Southco Distributing Company 401(k) Retirement Plan end-of-year assets rose from $9M in the plan year 2023 filing to $10M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 561295080 · Southco Distributing Company PY 2024 · 401(k)

Southco Distributing Company 401(k) Retirement Plan · $10M · 189 · 55th

  • IND $10M
  • IND 189
  • IND 55th
  • IND 401(k)
  • IND near Strong European Imports 401(k) Retirement Plan
  • IND ind #2820

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 Wholesale Trade retirement plans → · Plans in North Carolina →

Southco Distributing Company 401(k) Retirement Plan in the asset neighbourhood

Southco Distributing Company 401(k) Retirement PlanSouthco Distributing Company…$10MStrong European Imports 401(k) Retirement PlanStrong European Imports 401(…$10MLifeport 401(k) Plan$10MAmplio Corporation 401(k) PlanAmplio Corporation 401(k) Pl…$10MRadius Packaging, Inc. 401 (K) PlanRadius Packaging, Inc. 401 (…$10M
End-of-year total assets ($M) among Southco Distributing Company 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$924K
Employer EIN561295080
Plan Effective Date1975-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southco Distributing Company)

Sponsor-wide plan assets over time

All Southco Distributing Company plans reported in each filing year

Latest sponsor-wide plan assets
$10M 26.643731221038465% vs 2022
2024 filing year
$7M$8M$9M$10M 202220232024 $7.66M $9.71M ▲ +26.8%
Year Plans Participants Total Assets
2022 1 140 $8M
2023 1 157 $9M
2024 1 189 $10M

Nearby 401(k) Plans in North Carolina

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

Southco Distributing Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Southco Distributing Company 401(k) Retirement Plan, Total assets ($B): 0.009705759 · Participants: 189Southco Distributing Company 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Southco Distributing Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Southco Distributing Company 401(k) Retirement Plan side-by-side with 3 peers →

Southco Distributing Company 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Strong European Imports 401(k) Retirement Plan in UT ($10M); by covered participants it is Prevailing Multiple Employer Plan in MD (189 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (189 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 Southco Distributing Company 401(k) Retirement Plan assets move in 2024? ▼
Southco Distributing Company 401(k) Retirement Plan grew at a solid clip - up 10.5% during 2024, from $9M to $10M. Reported net income was $924K.
How have Southco Distributing Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southco Distributing Company's sponsor-wide assets grew 26.6%, from $8M to $10M.
Which 401(k) plans are similar in size to Southco Distributing Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Strong European Imports 401(k) Retirement Plan in UT ($10M, 136 participants).
Which 401(k) plans cover a similar participant headcount to Southco Distributing Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Prevailing Multiple Employer Plan in MD (189 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 561295080.

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.