Defined Benefit (Pension) · DOL Form 5500 · 2024

Southern Company Services, Inc. Pension Plan

Data updated 2026-08-25

$15.3B
Total assets Mega-plan scale
25,843
Participants Very large workforce
100th
Percentile by assets National rank
$592,781
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#729
in Utilities (732 peers)
-1.8%
assets change YoY
154×
vs typical plan assets (national mean)

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.

The Southern Company Pension Plan's outsized position by total assets

The Southern Company Pension Plan vs every filed plan by assets

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

$15,319,238,036 Highest reported value at or above every one 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 Company Pension Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Southern Company Pension Plan is a mega filing (25,843 participants), the rightmost band on the breakdown.

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 630274273 · Southern Company Services, Inc. PY 2024 · Defined Benefit (Pension)

The Southern Company Pension Plan · $15.3B · 25,843 · 100th

  • SCH $15.3B
  • EBSA 25,843
  • PART 100th
  • TYPE Defined Benefit (Pension)
  • NET near The Boeing Company Employee Retirement Plan
  • BOOK ind #729

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 Utilities retirement plans → · Plans in Georgia →

The Southern Company Pension Plan in the asset neighbourhood

Consolidated Edison Retirement PlanConsolidated Edison Retireme…$15.6BThe Boeing Company Employee Retirement PlanThe Boeing Company Employee …$15.4BThe Southern Company Pension PlanThe Southern Company Pension…$15.3BIam National Pension Fund$15.0BTruist Financial Corporation Pension PlanTruist Financial Corporation…$14.7B
End-of-year total assets ($B) among The Southern Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Georgia filing particulars

Total Assets (Beginning of Year)$15.6B
Net Assets (End of Year)$15.0B
Net Income-$95M
Employer EIN630274273
Plan Effective Date1949-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Company Services, Inc.)

Sponsor-wide plan assets over time

All Southern Company Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$24.6B 8.983727652128922% vs 2022
2024 filing year
$22B$23B$24B$25B 202220232024 $22.6B $24.6B ▲ +9.0%
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 Scatter plot of 6 data points. 050000100000150000200000 510152025 Total assets ($B) Participants The Southern Company Pension Plan, Total assets ($B): 15.319238036 · Participants: 25843The Southern Company Pension PlanUPS Retirement Plan, Total assets ($B): 21.2364871 · Participants: 43465UPS Retirement PlanUPS/Ibt Full-Time Employee Pension Plan, Total assets ($B): 12.219463258 · Participants: 69627UPS/Ibt Full-Time Employee Pension PlanUPS Pension Plan, Total assets ($B): 9.280234765 · Participants: 157587UPS Pension PlanDelta Retirement Plan, Total assets ($B): 7.253434311 · Participants: 15222Delta Retirement PlanCox Enterprises, Inc. Pension Plan, Total assets ($B): 7.133243224 · Participants: 22501Cox Enterprises, Inc. Pension Plan
The Southern Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
Compare The Southern Company Pension Plan side-by-side with 3 peers →

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 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Georgia, the nearest Defined Benefit (Pension) by assets is The Boeing Company Employee Retirement Plan in WA ($15.4B); by covered participants it is Ford Motor Company UAW Retirement Plan in MI (25,742 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (25,843 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 Company Pension Plan assets move in 2024? ▼
The Southern Company Pension Plan edged down modestly - down 1.8% during 2024, from $15.6B to $15.3B. Reported net income was -$95M.
How have Southern Company Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Company Services, Inc.'s sponsor-wide assets grew 9.0%, from $22.6B to $24.6B.
Where does The Southern Company Pension Plan rank by assets among Form 5500 filers? ▼
The Southern Company Pension Plan ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to The Southern Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Boeing Company Employee Retirement Plan in WA ($15.4B, 31,398 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Southern Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ford Motor Company UAW Retirement Plan in MI (25,742 participants, $17.8B 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 630274273.

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.