Southern Air Inc. 401(k) Plan: Login, Facts & Contact Information

Southern Air Inc. 401(k) Plan Facts

Plan name
SOUTHERN AIR, INC. CASH OR DEFERRED PROFIT SHARING PLAN
Plan type
401(k) with employer contributions
Plan sponsor
SOUTHERN AIR INC.
Participants
895 (792 active employees)
Former employees with a balance
175
Plan assets
$70,159,226 at Dec 31, 2024
Average account balance
$79,456 across 883 accounts
Employer contributions
$928,515 in plan year 2024 (19% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1992
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window— Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jun 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.94 million went into the plan in contributions, $928,515 of it from the employer (19%).
  • $6.66 million was paid out to participants.
  • Investment and other income added $9.95 million.
  • Administrative expenses were $80,065, about $91 per account.

How the Southern Air Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019846$46.6 million$743,295$4.53 million
2020923$54.5 million$262,795$2.65 million
2021858$62.4 million$561,311$4.16 million
2022855$51.3 million$875,401$4.18 million
2023913$62.0 million$887,698$3.73 million
2024895$70.2 million$928,515$6.66 million

Southern Air Inc. 401(k) Contact Information

Phone
434-385-6200
Mailing address
2655 LAKESIDE DRIVE, LYNCHBURG VA 24501
Plan sponsor
SOUTHERN AIR INC.
Employer identification number (EIN)
54-0604377
Plan number
002

Questions about the Southern Air Inc. 401(k)

Does Southern Air Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $928,515, 19% of all contributions.

Does the Southern Air Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Southern Air Inc 401(k) plan?

895 participants at the start of plan year 2024, 792 of them active employees, and 175 former employees who still had money in the plan.

What is the average 401(k) balance at Southern Air Inc?

About $79,456 per account: $70.2 million in plan assets across 883 accounts with a balance at the end of plan year 2024.

Who manages the Southern Air Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Southern Air Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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