Somero Enterprises, Inc 401(K) Profit Sharing Plan And Trust — Form 5500 plan (Somero Enterprises Inc)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Somero Enterprises, Inc 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Somero Enterprises Inc under EIN 20-3225968 and plan number 001. The latest loaded filing year is 2023. The filing reports 220 participants and $21,501,273 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$21.5MPlan net assets, end of year$21,501,273
Participants220Covered participants reported
Assets / participant$97.7KComputed: assets ÷ participants$97,733 (computed)
Provider compensation$20.2K1 Schedule C provider row(s)$20,170
- Plan sponsor
- Somero Enterprises Inc
- EIN
- 20-3225968
- Plan number
- 001
- Plan type
- 2
- Location
- Fort Myers, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 220 | H, C | 20240816102510NAL0024411024001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$21.5M total assets
Net assets$21.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $21,501,273
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,501,273
- Net assets (BOY)
- $17,084,175
Income & contributions
- Employer contributions
- $1,006,933
- Participant contributions
- $1,361,985
- Total contributions
- $2,683,875
- Total income / additions
- $5,760,713
Expenses & distributions
- Benefits paid
- $1,323,445
- Administrative expenses
- $20,170
- Total expenses
- $1,343,615
- Net increase / (decrease)
- $4,417,098
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
43%57%
Employer 43%Participant 57%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income23%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $20,170 | $0 | 2023 |