401(k) · DOL Form 5500 · 2022

Somic America, Inc. 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
551
Participants Below avg headcount
75th
Percentile by assets National rank
$30,705
Avg per participant Low balance/head
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Official DOL plan name: Somic America, Inc. 401(k) Plan · Sponsored by Somic America, Inc. · Maine · Manufacturing

$17M in assets, 551 participants

Somic America, Inc.'s Somic America, Inc. 401(k) Plan reported $17M in total assets and 551 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #13,297 in Manufacturing (20,602 peers)

Where Somic America, Inc. 401(k) Plan sits by assets

Somic America, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $17M for 551 participants (~$30,705/participant), down 19.3% in 2022.

#13,297
in Manufacturing (20,602 peers)
-19.3%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Somic America, Inc. 401(k) Plan's outsized position by total assets

Somic America, Inc. 401(k) Plan vs every filed plan by assets

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

$16,918,442 Top 25% higher than 75% 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

Somic America, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Somic America, Inc. 401(k) Plan sits mid-pack in the medium band (551 participants).

Plan-year Form 5500 strip

Filing strip 270424674 · Somic America, Inc. PY 2022 · 401(k)

Somic America, Inc. 401(k) Plan · $17M · 551 · 75th

  • TYPE $17M
  • TYPE 551
  • TYPE 75th
  • TYPE 401(k)
  • TYPE near Kixeye 401(k) Plan
  • TYPE ind #13297

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 Manufacturing retirement plans → · Plans in Maine →

Somic America, Inc. 401(k) Plan in the asset neighbourhood

Somic America, Inc. 401(k) PlanSomic America, Inc. 401(k) P…$17MKixeye 401(k) Plan$17MReingold, Inc. 401(k) Plan$17MSystems Technologies, Inc. 401(k) PlanSystems Technologies, Inc. 4…$17MThe Urology Center P C 401(k) Plan and TrustThe Urology Center P C 401(k…$17M
End-of-year total assets ($M) among Somic America, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$17M
Net Income-$4M
Employer EIN270424674
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Somic America, Inc.)

Sponsor-wide plan assets over time

All Somic America, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$26M 53.22016057979807% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $16.9M $25.9M ▲ +53.2%
Year Plans Participants Total Assets
2022 1 551 $17M
2023 1 548 $21M
2024 1 544 $26M

Nearby 401(k) Plans in Maine

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

Somic America, Inc. 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -1012345 Total assets ($B) Participants Somic America, Inc. 401(k) Plan, Total assets ($B): 0.016918442 · Participants: 551Somic America, Inc. 401(k) 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
Somic America, Inc. 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Somic America, Inc. 401(k) Plan side-by-side with 3 peers →

Somic America, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Kixeye 401(k) Plan in ($17M); by covered participants it is Albertina Kerr Centers 401(k) Retirement Savings Plan in OR (551 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($17M here).

Similar participant headcount

Nearest other-state filings by covered participants (551 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 Somic America, Inc. 401(k) Plan assets move in 2022? ▼
Somic America, Inc. 401(k) Plan declined sharply - down 19.3% during 2022, from $21M to $17M. Reported net income was -$4M.
How have Somic America, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somic America, Inc.'s sponsor-wide assets grew 53.2%, from $17M to $26M.
Where does Somic America, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Somic America, Inc. 401(k) Plan ranks in the 75th 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 Somic America, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kixeye 401(k) Plan in ($17M, 153 participants).
Which 401(k) plans cover a similar participant headcount to Somic America, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Albertina Kerr Centers 401(k) Retirement Savings Plan in OR (551 participants, $10M 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 270424674.

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.