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, Somic America, Inc. 401(K) Plan is a benefit plan reported by Somic America, Inc. under EIN 27-0424674 and plan number 001. The latest loaded filing year is 2023. The filing reports 672 participants and $20,764,542 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,764,542
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,764,542
- Net assets (BOY)
- $16,918,442
Income & contributions
- Employer contributions
- $1,003,877
- Participant contributions
- $1,682,412
- Total contributions
- $2,836,540
- Total income / additions
- $6,125,720
Expenses & distributions
- Benefits paid
- $2,199,440
- Administrative expenses
- $76,740
- Total expenses
- $2,279,620
- Net increase / (decrease)
- $3,846,100