Defined Benefit (Pension) · DOL Form 5500 · 2024
Southern Company Services, Inc. Pension Plan
Data updated 2026-08-11
- $15.3B
- Total assets
- 25,843
- Participants
- 100th
- Percentile by assets
- $592,781
- Avg per participant
Official DOL plan name: The Southern Company Pension Plan · Sponsored by Southern Company Services, Inc. · Georgia · Utilities
$15.3B in assets, 25,843 participants
Southern Company Services, Inc.'s The Southern Company Pension Plan reported $15.3B in total assets and 25,843 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 123,622 plans)
- #729 in Utilities (732 peers)
Coverage in Georgia
The Southern Company Pension Plan covers 25,843 participants in Georgia, 24x the typical Georgia plan (state average ~1,096 per filing). Assets: $15.3B.
- $15.3B
- total plan assets (2024 EOY)
- 25,843
- covered participants
- 100th
- percentile by assets (of 123,622 plans)
- $592,781
- avg assets per participant
The plan reported a net loss of $95M 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
- The Southern Company Pension Plan reported net income fell from $500M in the plan year 2023 filing to -$95M in the plan year 2024 filing.
- The Southern Company Pension Plan reported participants rose from 25,241 in the plan year 2023 filing to 25,843 in the plan year 2024 filing.
- The Southern Company Pension Plan end-of-year assets fell from $15.6B in the plan year 2023 filing to $15.3B in the plan year 2024 filing.
Participants vs Georgia filers
In Georgia, the average filing covers about 1,096 participants across 3,635 plans. The Southern Company Pension Plan reports 25,843 participants - 24x that state average ($15.3B EOY assets).
Georgia filing particulars
| Total Assets (Beginning of Year) | $15.6B |
|---|---|
| Net Assets (End of Year) | $15.0B |
| Net Income | -$95M |
| Employer EIN | 630274273 |
| Plan Effective Date | 1949-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southern Company Services, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 52,724 | $22.6B |
| 2023 | 2 | 52,790 | $24.0B |
| 2024 | 2 | 53,645 | $24.6B |
Nearby Defined Benefit (Pension) Plans in Georgia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Southern Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
- UPS Retirement Plan $21.2B · 43,465
- UPS/Ibt Full-Time Employee Pension Plan $12.2B · 69,627
- UPS Pension Plan $9.3B · 157,587
- Delta Retirement Plan $7.3B · 15,222
- Cox Enterprises, Inc. Pension Plan $7.1B · 22,501
Scale composition for The Southern Company Pension Plan
The Southern Company Pension Plan reports $15.3B in end-of-year assets across 25,843 participants (0.12% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.028% of 93,925,755 covered participants) - about $592,781 per participant (4.3x the national average assets-per-participant) . Net income for plan year 2024 was -$95M.
This plan identity (EIN 630274273, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $14.8B to $15.3B (+3.4%) while covered participants moved from 25,663 to 25,843 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 25,663 | $14.8B | Open filing |
| 2023 | 25,241 | $15.6B | Open filing |
| 2024 · index core | 25,843 | $15.3B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- The Southern Company Employee Savings Plan (401(k), $9.3B, 27,802 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Southern Company Pension Plan by total assets, not by location.
- The Boeing Company Employee Retirement Plan (WA) $15.4B · 31,398
- Consolidated Edison Retirement Plan (NY) $15.6B · 10,608
- Iam National Pension Fund (DC) $15.0B · 102,493
- Truist Financial Corporation Pension Plan (NC) $14.7B · 38,548
Frequently Asked Questions
How did The Southern Company Pension Plan assets move in 2024? ▼
How have Southern Company Services, Inc. plan assets changed over time? ▼
Where does The Southern Company Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to The Southern Company Pension Plan? ▼
Next read for The Southern Company Pension Plan
Filing takeaways
Ways to act on The Southern Company Pension Plan's numbers.
- By total assets, The Southern Company Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Georgia. Compare plans
- Southern Company Services, Inc.'s sponsor-wide assets have grown 9.0% since 2022 across 3 plan years on file. More Utilities plans