How big is South Atlantic, LLC's plan?

South Atlantic, LLC's plan reported $24.8M in assets and 326 participants for 2024.

Original filing (PDF)20250930075535NAL0019026226001

South Atlantic, LLC

Name: South Atlantic, LLC — South Atlantic, LLC 401(k), Form 5500 (2024)
Creator: South Atlantic, LLC
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

South Atlantic, LLC 401(k) Retirement Plan

401(k) retirement plan · South Atlantic, LLC's South Atlantic, LLC 401(k) Retirement Plan held $24.8M in plan assets for 326 participants in 2024, with Principal as recordkeeper.

Signals · 1

38% employer stock

Active participants

326

Accounts w/ balance

260

Plan assets (EOY)

$24.8M

Net assets (EOY)

$24.8M

People on this filing

Alison Rankin signed South Atlantic, LLC's 2024 Form 5500 as plan administrator.

Alison Rankin — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

South Atlantic, LLC's EIN is 56-1996898.

EIN 56-1996898

Plan number 001

Plan year 2024

ACK ID 20250930075535NAL0019026226001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for South Atlantic, LLC from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

South Atlantic, LLC's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SOUTH ATLANTIC, LLC.

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How this plan invests

This plan

31 securities

funds · stocks · CUSIPs

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

Plan health score

Above-average plan

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

100

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (15th percentile).

Plan sponsor

Name

SOUTH ATLANTIC, LLC

EIN

all filings

Address

1907 SOUTH 17TH STREET STE 2A · WILMINGTON, NC · 284016680

Phone

(910) 332-1900

Industry

Manufacturing

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

2025-09-30

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

2 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
PRINCIPAL LIFE INSURANCE COMPANY	42-0127290	—	CONTRACT ADMINISTRATOR	$27K	—

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
MERRILL LYNCH PIERCE FENNER & SMITH	13-5674085	—	CONSULTANT	$33K	—

Investments

31 direct securities· $24.8M(100% of reported assets)

Common Stocks

$9.5M

14 holdings

Common Collective Trusts

$5.9M

4 holdings

Other securities

$5.1M

6 holdings

Mutual Funds

$3.4M

6 holdings

Bonds / Notes

$973K

1 holding

					% of plan
BlackRock Financial Mgmt, Inc. BlackRock Liqd FedFd Csh Mgmt	Common Stocks	—	—	$4.0M	16.2%
Hartford Mutual Funds Hartford Total Return R6 Fund	Other securities	—	—	$3.8M	15.2%
BlackRock Advisors, LLC iShares MSCI EAFE Int Idx K Fund	Common Collective Trusts	—	—	$2.4M	9.5%
BlackRock Advisors, LLC iShares S&P 500 Idx K Fund	Common Collective Trusts	—	—	$2.3M	9.3%
Capital Research and Mgmt Co Am Fds Grth Fd of Am R6 Fd	Common Stocks	—	—	$2.3M	9.2%
Vanguard Group Vanguard Value Index Adm Fund	Mutual Funds	—	—	$2.0M	7.9%
BlackRock Advisors, LLC iShares Russel 2000 Small-Cap Indx Fund	Other securities	—	—	$1.0M	4.2%
4.25%; maturing through 2029	Bonds / Notes	—	—	$973K	3.9%
T. Rowe Price Associates, Inc. T. Rowe Price Md-Cp Gr I Fd	Common Stocks	—	—	$829K	3.3%
Vanguard Group Vanguard MidCap Val Idx Adm Fd	Common Collective Trusts	—	—	$684K	2.8%
Principal Life Insurance Company Guaranteed Option	Common Stocks	—	—	$676K	2.7%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2040 R6 Fd	Common Stocks	—	—	$629K	2.5%
Vanguard Group Vanguard Sm Cap Val Idx Adm Fd	Common Collective Trusts	—	—	$555K	2.2%
MFS Investment Management MFS Global Total Return R6 Fd	Mutual Funds	—	—	$509K	2.0%
Capital Research and Mgmt Co American Funds AmerMut R6 Fd	Mutual Funds	—	—	$495K	2.0%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2035 R6 Fd	Common Stocks	—	—	$453K	1.8%
Capital Research and Mgmt Co Am FdCap Wld Gth and In R6 Fd	Common Stocks	—	—	$359K	1.4%
Capital Research and Mgmt Co American Funds NewWorld R6 Fd	Mutual Funds	—	—	$244K	1.0%
American Century Inv Mgmt Am Cent Infla Adj Bond R6 Fd	Other securities	—	—	$212K	0.9%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2045 R6 Fd	Common Stocks	—	—	$169K	0.7%
Vanguard Group Vanguard Intl Value Inv Fund	Mutual Funds	—	—	$137K	0.5%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2010 R6 Fd	Common Stocks	—	—	$51K	0.2%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2030 R6 Fd	Common Stocks	—	—	$51K	0.2%
Janus Henderson Janus Henderson Forty N Fund	Mutual Funds	—	—	$25K	0.1%
Hartford Mutual Funds Hartford Strat Income R6 Fund	Other securities	—	—	$18K	<0.1%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2025 R6 Fd	Common Stocks	—	—	$15K	<0.1%
(E)	Other securities	—	—	$12K	<0.1%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2050 R6 Fd 3 Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2055 R6 Fd 5 Capital Research and Mgmt Co Amer Fund Cap Wld Bnd R6 Fd	Common Stocks	—	—	$12K	<0.1%
Designates party-in-interest. All investments are participant directed; therefore, cost information has not been presented. * Net of $6,573 in deemed loan distributions.	Other securities	—	—	$7K	<0.1%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2020 R6 Fd	Common Stocks	—	—	$6K	<0.1%
Capital Research and Mgmt Co Am Fds Trgt Dte Rtm 2015 R6 Fd	Common Stocks	—	—	$6K	<0.1%