401(k) · DOL Form 5500 · 2023

Somd Insurance and Financial Services, Inc. 401(k) Plan

Data updated 2026-08-25

$155K
Total assets Small plan by assets
1
Participants Small participant base
9th
Percentile by assets National rank
$155,000
Avg per participant Above avg balance/head
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Official DOL plan name: Somd Insurance and Financial Services Retirement Plan · Sponsored by Somd Insurance and Financial Services, Inc. · Maryland · Finance & Insurance

$155K in assets, 1 participants

Somd Insurance and Financial Services, Inc.'s Somd Insurance and Financial Services Retirement Plan reported $155K in total assets and 1 participant in its 2023 DOL Form 5500 filing, ranking in the 9th 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.

  • #469 in Finance & Insurance (8,869 peers)

Somd Insurance and Financial Services, Inc. multi-year trail

Somd Insurance and Financial Services, Inc.'s plans moved +32.0% in assets from 2022 to 2024; this filing shows Somd Insurance and Financial Services Retirement Plan at $155K / 1 participant.

#469
in Finance & Insurance (8,869 peers)
+0.1%
assets growth YoY

Somd Insurance and Financial Services Retirement Plan among the smaller filed plans by assets

Somd Insurance and Financial Services Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$155,000 9th percentile higher than 9% of 127,068 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 2023

Somd Insurance and Financial Services Retirement Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Somd Insurance and Financial Services Retirement Plan is a micro filing (1 participant), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Somd Insurance and Financial Services Retirement Plan reported net income fell from $771 in the plan year 2022 filing to $225 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 812680110 · Somd Insurance and Financial Services, Inc. PY 2023 · 401(k)

Somd Insurance and Financial Services Retirement Plan · $155K · 1 · 9th

  • BOY $155K
  • SCH 1
  • EBSA 9th
  • PART 401(k)
  • TYPE near Banplus International Bank Retirement Plan
  • NET ind #469

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 Finance & Insurance retirement plans → · Plans in Maryland →

Somd Insurance and Financial Services Retirement Plan in the asset neighbourhood

Somd Insurance and Financial Services Retirement PlanSomd Insurance and Financial…$155KBonezek Enterprises Inc. Retirement PlanBonezek Enterprises Inc. Ret…$155KBanplus International Bank Retirement PlanBanplus International Bank R…$155KSolar Advantage LLC 401(k) Profit Sharing Plan & TrustSolar Advantage LLC 401(k) P…$155KGlobal Transformations Incorporated 401(k) PlanGlobal Transformations Incor…$155K
End-of-year total assets ($M) among Somd Insurance and Financial Services Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Somd Insurance and Financial Services, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Somd Insurance and Financial Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$204K 32.04135034727831% vs 2022
2024 filing year
$0.14M$0.16M$0.18M$0.2M$0.22M 202220232024 $0.15M $0.2M ▲ +33.3%
Year Plans Participants Total Assets
2022 1 1 $155K
2023 1 1 $155K
2024 1 1 $204K

Somd Insurance and Financial Services, Inc. filing trail (2023)

Total Assets (Beginning of Year)$155K
Net Assets (End of Year)$155K
Net Income$225
Employer EIN812680110
Plan Effective Date2016-05-19
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Maryland

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

Somd Insurance and Financial Services Retirement Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Somd Insurance and Financial Services Retirement Plan, Total assets ($B): 0.000155 · Participants: 1Somd Insurance and Financial Services Retirement PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Somd Insurance and Financial Services Retirement Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Somd Insurance and Financial Services Retirement Plan side-by-side with 3 peers →

Somd Insurance and Financial Services Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Banplus International Bank Retirement Plan in PR ($155K); by covered participants it is Beandel, Inc. 401(k) Profit Sharing Plan in UT (1 participant). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1 participant); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Somd Insurance and Financial Services Retirement Plan assets move in 2023? ▼
Somd Insurance and Financial Services Retirement Plan held essentially flat - up 0.1% during 2023, from $155K to $155K. Reported net income was $225.
How have Somd Insurance and Financial Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somd Insurance and Financial Services, Inc.'s sponsor-wide assets grew 32.0%, from $155K to $204K.
Where does Somd Insurance and Financial Services Retirement Plan rank by assets among Form 5500 filers? ▼
Somd Insurance and Financial Services Retirement Plan ranks in the 9th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Somd Insurance and Financial Services Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Banplus International Bank Retirement Plan in PR ($155K, 14 participants).
Which 401(k) plans cover a similar participant headcount to Somd Insurance and Financial Services Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Beandel, Inc. 401(k) Profit Sharing Plan in UT (1 participant, $458 in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 812680110.

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.