Original filing (PDF)20251014142651NAL0006315554001

SOUTHERN AIR INCORPORATED

Name: SOUTHERN AIR INCORPORATED — SOUTHERN AIR INCORPORATED EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, Form 5500 (2024)
Creator: SOUTHERN AIR INCORPORATED

Form 5500

FILING_RECEIVED

SOUTHERN AIR INCORPORATED EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Defined-contribution retirement plan

Signals · 3

47% in single holding70% employer stockNo recordkeeper disclosed

Active participants

578

Accounts w/ balance

674

Plan assets (EOY)

$40.8M

Net assets (EOY)

$40.8M

How this plan invests

This plan

72 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

37% of assets in employer securities.

Helping the score

Below-peer total plan cost (96th percentile).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SOUTHERN AIR INCORPORATED.

Plan sponsor

Name

SOUTHERN AIR INCORPORATED

EIN

54-0604377

Address

2655 LAKESIDE DRIVE · LYNCHBURG, VA · 24501

Phone

(434) 385-6200

Industry

Plumbing, Heating, AC Contractors· Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-14

Pension benefit codes

2I · Stock bonus

2O · ESOP (non-leveraged)

2Q · S-corporation ESOP

3I · Requires investment in employer securities

Audit & trust (Schedule H)

Auditor

BROWN, EDWARDS & COMPANY, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

No Schedule C providers reported

Investments

72 direct securities· $30.6M(75% of reported assets)

Common Stock

$22.0M

57 holdings

Other securities

$7.3M

11 holdings

U.S. Treasuries

$1.3M

4 holdings

					% of plan
Southern Air, Inc. Common Stock	Common Stock	—	$1.5M	$15.1M	37.0%
Fidelity Investments Mutual Funds - Equity	Other securities	—	$1.5M	$1.8M	4.5%
First American Government Obligations Fund	Other securities	—	$1.7M	$1.7M	4.2%
American Funds Mutual Funds - Equity	Other securities	—	$1.5M	$1.5M	3.8%
PGIM Investments Mutual Funds - Fixed Income	Other securities	—	$1.3M	$1.3M	3.1%
The Vanguard Group Mutual Funds - Equity	Common Stock	—	$641K	$702K	1.7%
U.S. Treasury Note 2.00%, 2/15/2025	U.S. Treasuries	—	$369K	$349K	0.9%
U.S. Treasury Note 4.00%, 1/15/2027	U.S. Treasuries	—	$346K	$348K	0.9%
U.S. Treasury Note 2.125%, 5/31/2026	U.S. Treasuries	—	$372K	$340K	0.8%
U.S. Treasury Note 4.125%, 7/31/2028	U.S. Treasuries	—	$300K	$298K	0.7%
The Vanguard Group Mutual Funds - Equity	Common Stock	—	$254K	$281K	0.7%
Broadcom Incorporated Common Stock	Common Stock	—	$19K	$185K	0.5%
Public Service Electric and Gas Co. Corporate Bond	Common Stock	—	$194K	$179K	0.4%
Stryker Corp. Corporate Bond	Common Stock	—	$196K	$178K	0.4%
Amgen, Inc. Corporate Bond	Common Stock	—	$190K	$174K	0.4%
Emerson Electric Company Common Stock	Common Stock	—	$103K	$174K	0.4%
Wells Fargo & Company Common Stock	Common Stock	—	$109K	$162K	0.4%
700 shares Cisco Systems Incorporated Common Stock	Common Stock	—	$101K	$160K	0.4%
United Parcel Service, Inc. Common Stock	Common Stock	—	$163K	$154K	0.4%
800 shares CVS Health Corp. Common Stock	Common Stock	—	$199K	$152K	0.4%
Hubbell, Inc. Corporate Bond	Common Stock	—	$159K	$148K	0.4%
Anthem, Inc. Corporate Bond	Common Stock	—	$146K	$147K	0.4%
iShares Mutual Funds - Fixed Income	Other securities	—	$145K	$145K	0.4%
Republic Services Corporate Bond	Other securities	—	$142K	$145K	0.4%
Philip Morris International Common Stock	Common Stock	—	$95K	$144K	0.4%
American Water Corporate Bond	Other securities	—	$141K	$144K	0.4%
PNC Financial Corporate Bond	Other securities	—	$137K	$142K	0.3%
Best Buy Co. Common Stock	Common Stock	—	$135K	$142K	0.3%
Piedmont Natural Gas Corporate Bond	Other securities	—	$137K	$141K	0.3%
Keurig Dr Pepper Corporate Bond	Other securities	—	$135K	$137K	0.3%
Shell, PLC Foreign Stock - ADR	Common Stock	—	$88K	$132K	0.3%
Exxon Mobil Corporation Common Stock	Common Stock	—	$89K	$129K	0.3%
400 shares Johnson & Johnson Common Stock	Common Stock	—	$75K	$127K	0.3%
375 shares Truist Financial Corporation Common Stock	Common Stock	—	$106K	$123K	0.3%
Target Corporation Common Stock	Common Stock	—	$121K	$122K	0.3%
800 shares RTX Corporation Common Stock	Common Stock	—	$62K	$122K	0.3%
Nisource Incorporated Common Stock	Common Stock	—	$86K	$121K	0.3%
US Bancorp Common Stock	Common Stock	—	$117K	$120K	0.3%
820 shares HP Incorporated Common Stock	Common Stock	—	$56K	$117K	0.3%
700 shares Mondelez International Common Stock	Common Stock	—	$115K	$116K	0.3%
Duke Energy Holding Company Common Stock	Common Stock	—	$90K	$113K	0.3%
Medtronic, PLC Foreign Stock	Common Stock	—	$134K	$112K	0.3%
ConocoPhillips Common Stock	Common Stock	—	$48K	$109K	0.3%
500 shares Pfizer, Inc. Common Stock	Common Stock	—	$126K	$109K	0.3%
875 shares Kellanova Common Stock	Common Stock	—	$77K	$105K	0.3%
Hewlett Packard Common Stock	Common Stock	—	$68K	$102K	0.3%
875 shares Stanley Black & Decker, Inc. Common Stock	Common Stock	—	$144K	$102K	0.3%
Chevron Corporation Common Stock	Common Stock	—	$67K	$101K	0.2%
The J.M. Smucker Company Common Stock	Common Stock	—	$95K	$96K	0.2%
Fragrances Incorporated 650 shares JP Morgan Chase & Company Common Stock	Common Stock	—	$15K	$96K	0.2%