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, Somos, Inc. 401(K) Profit Sharing Plan And Trust is a benefit plan reported by Somos, Inc. under EIN 20-5108831 and plan number 002. The latest loaded filing year is 2023. The filing reports 153 participants and $20,189,446 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,189,446
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,189,446
- Net assets (BOY)
- $14,925,267
Income & contributions
- Employer contributions
- $1,686,554
- Participant contributions
- $1,948,969
- Total contributions
- $3,735,719
- Total income / additions
- $6,372,384
Expenses & distributions
- Benefits paid
- $1,075,262
- Administrative expenses
- $32,851
- Total expenses
- $1,108,205
- Net increase / (decrease)
- $5,264,179