401(k) · DOL Form 5500 · 2022

Berman & Simmons, P.a. 401(k) Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
58
Participants Small participant base
83rd
Percentile by assets National rank
$515,835
Avg per participant High balance/head
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Official DOL plan name: Berman and Simmons, P.a. 401(k) Profit Sharing Plan · Sponsored by Berman & Simmons, P.a. · Maine · Professional & Technical Services

$30M in assets, 58 participants

Berman & Simmons, P.a.'s Berman and Simmons, P.a. 401(k) Profit Sharing Plan reported $30M in total assets and 58 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #17,979 in Professional & Technical Services (21,562 peers)

Where Berman and Simmons, P.a. 401(k) Profit Sharing Plan sits by assets

Berman and Simmons, P.a. 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $30M for 58 participants (~$515,835/participant), down 14.1% in 2022.

#17,979
in Professional & Technical Services (21,562 peers)
-14.1%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Berman and Simmons, P.a. 401(k) Profit Sharing Plan's outsized position by total assets

Berman and Simmons, P.a. 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$29,918,442 Top 17% higher than 83% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Berman and Simmons, P.a. 401(k) Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Berman and Simmons, P.a. 401(k) Profit Sharing Plan is a small filing (58 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 010315653 · Berman & Simmons, P.a. PY 2022 · 401(k)

Berman and Simmons, P.a. 401(k) Profit Sharing Plan · $30M · 58 · 83rd

  • BOOK $30M
  • BOOK 58
  • BOOK 83rd
  • BOOK 401(k)
  • BOOK near Gold Gerstein Group, LLC 401(k) Profit Sharing Plan
  • BOOK ind #17979

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Maine →

Berman and Simmons, P.a. 401(k) Profit Sharing Plan in the asset neighbourhood

Berman and Simmons, P.a. 401(k) Profit Sharing PlanBerman and Simmons, P.a. 401…$30MGold Gerstein Group, LLC 401(k) Profit Sharing PlanGold Gerstein Group, LLC 401…$30MMillcreek Anesthesia, P.C. Profit Sharing PlanMillcreek Anesthesia, P.C. P…$30MM3 USA Corp 401(k) Profit Sharing Plan and TrustM3 USA Corp 401(k) Profit Sh…$30MPohanka Auto West, Inc. 401(k) PlanPohanka Auto West, Inc. 401(…$30M
End-of-year total assets ($M) among Berman and Simmons, P.a. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$30M
Net Income-$5M
Employer EIN010315653
Plan Effective Date1972-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Berman & Simmons, P.a.)

Sponsor-wide plan assets over time

All Berman & Simmons, P.a. plans reported in each filing year

Latest sponsor-wide plan assets
$33M 10.207326303956602% vs 2022
2024 filing year
$29M$30M$31M$32M$33M$34M 202220232024 $29.9M $33M ▲ +10.2%
Year Plans Participants Total Assets
2022 1 58 $30M
2023 1 67 $32M
2024 1 64 $33M

Nearby 401(k) Plans in Maine

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Berman and Simmons, P.a. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -1012345 Total assets ($B) Participants Berman and Simmons, P.a. 401(k) Profit Sharing Plan, Total assets ($B): 0.029918442 · Participants: 58Berman and Simmons, P.a. 401(k) Profit Sharing PlanTd 401(k) Retirement Plan, Total assets ($B): 4.082814523 · Participants: 26725Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 1.823433108 · Participants: 9051Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 0.833975444 · Participants: 6436Idexx Retirement and Incentive Savings PlanHannaford Bros. Co., LLC Retirement Savings Plan, Total assets ($B): 0.831539018 · Participants: 28776Hannaford Bros. Co., LLC Retirement Savings PlanThe Cianbro Team Equity Plan, Total assets ($B): 0.624114187 · Participants: 2575The Cianbro Team Equity Plan
Berman and Simmons, P.a. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Berman and Simmons, P.a. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Berman and Simmons, P.a. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Gold Gerstein Group, LLC 401(k) Profit Sharing Plan in NJ ($30M); by covered participants it is Huron Community Bank 401(k) Plan in MI (58 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (58 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Berman and Simmons, P.a. 401(k) Profit Sharing Plan assets move in 2022? ▼
Berman and Simmons, P.a. 401(k) Profit Sharing Plan pulled back noticeably - down 14.1% during 2022, from $35M to $30M. Reported net income was -$5M.
How have Berman & Simmons, P.a. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Berman & Simmons, P.a.'s sponsor-wide assets grew 10.2%, from $30M to $33M.
Where does Berman and Simmons, P.a. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Berman and Simmons, P.a. 401(k) Profit Sharing Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Berman and Simmons, P.a. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gold Gerstein Group, LLC 401(k) Profit Sharing Plan in NJ ($30M, 48 participants).
Which 401(k) plans cover a similar participant headcount to Berman and Simmons, P.a. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Huron Community Bank 401(k) Plan in MI (58 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 010315653.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.