Profit Sharing · DOL Form 5500 · 2023
Somax Consulting Inc. Profit Sharing Plan
Data updated 2026-08-25
- $27K
- Total assets Small plan by assets
- 1
- Participants Small participant base
- 2nd
- Percentile by assets National rank
- $26,821
- Avg per participant Low balance/head
Official DOL plan name: Somax Consulting Inc. Retirement Plan · Sponsored by Somax Consulting Inc. · Texas · Professional & Technical Services
$27K in assets, 1 participants
Somax Consulting Inc.'s Somax Consulting Inc. Retirement Plan reported $27K in total assets and 1 participant in its 2023 DOL Form 5500 filing, ranking in the 2nd 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 Professional & Technical Services (20,321 peers)
2023 asset change
Somax Consulting Inc. Retirement Plan pulled back noticeably 10.0% in 2023 ($30K → $27K) for 1 participant.
- #469
- in Professional & Technical Services (20,321 peers)
- -10.0%
- assets change YoY
The plan reported a net loss of $3K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Somax Consulting Inc. Retirement Plan among the smaller filed plans by assets
Somax Consulting Inc. Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$26,821 2nd percentile higher than 2% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Somax Consulting Inc. 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. Somax Consulting Inc. Retirement Plan is a micro filing (1 participant), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Somax Consulting Inc. Retirement Plan reported net income fell from $30K in the plan year 2022 filing to -$3K in the plan year 2023 filing.
- Somax Consulting Inc. Retirement Plan end-of-year assets fell from $30K in the plan year 2022 filing to $27K in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 882394186 · Somax Consulting Inc. PY 2023 · Profit Sharing
Somax Consulting Inc. Retirement Plan · $27K · 1 · 2nd
- BOY $27K
- SCH 1
- EBSA 2nd
- PART Profit Sharing
- TYPE near All-in-One Inspection Services Inc. 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 Professional & Technical Services retirement plans → · Plans in Texas →
Somax Consulting Inc. Retirement Plan in the asset neighbourhood
Somax Consulting Inc. years around the 2023 move
Sponsor-wide plan assets over time
All Somax Consulting Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $30K 0.006710733818743079% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1 | $30K |
| 2023 | 1 | 1 | $27K |
| 2024 | 1 | 1 | $30K |
2023 asset-move particulars
| Total Assets (Beginning of Year) | $30K |
|---|---|
| Net Assets (End of Year) | $27K |
| Net Income | -$3K |
| Employer EIN | 882394186 |
| Plan Effective Date | 2022-05-24 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in Texas
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Southwest Airlines Co. Profitsharing Plan $5.8B · 71,461
- Baylor College of Medicine Retirement Plan $1.7B · 10,240
- H-E-B Partner Stock Plan $1.3B · 96,911
- The Defined Contribution Plan of the Methodist Hospital $923M · 29,678
- American Heart Association, Inc. Qualified Retirement Plan $457M · 3,455
Somax Consulting Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Texas, the nearest Profit Sharing by assets is All-in-One Inspection Services Inc. Retirement Plan in IA ($27K); by covered participants it is Jdb Associates of the Triad, Inc. Retirement Plan in NC (1 participant). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($27K here).
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.