Profit Sharing · DOL Form 5500 · 2023

Soma Construction Inc Profit Sharing Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
3
Participants Small participant base
24th
Percentile by assets National rank
$353,063
Avg per participant High balance/head
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Official DOL plan name: Soma Construction P-S Plan · Sponsored by Soma Construction Inc · Minnesota · Construction

$1M in assets, 3 participants

Soma Construction Inc's Soma Construction P-S Plan reported $1M in total assets and 3 participants in its 2023 DOL Form 5500 filing, ranking in the 24th 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.

  • #1,999 in Construction (9,030 peers)

Soma Construction Inc multi-year trail

Soma Construction Inc's plans moved +13.6% in assets from 2022 to 2024; this filing shows Soma Construction P-S Plan at $1M / 3 participants.

#1,999
in Construction (9,030 peers)
+6.6%
assets growth YoY

Soma Construction P-S Plan among the smaller filed plans by assets

Soma Construction P-S Plan vs every filed plan by assets

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

$1,059,188 24th percentile higher than 24% 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

Soma Construction P-S 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. Soma Construction P-S Plan is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Soma Construction P-S Plan reported net income rose from -$39K in the plan year 2022 filing to $65K in the plan year 2023 filing.
  • Soma Construction P-S Plan end-of-year assets rose from $994K in the plan year 2022 filing to $1M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 411514794 · Soma Construction Inc PY 2023 · Profit Sharing

Soma Construction P-S Plan · $1M · 3 · 24th

  • RANK $1M
  • RANK 3
  • RANK 24th
  • RANK Profit Sharing
  • RANK near Chartwell Seventeen Advisory Group Inc. Retirement Plan
  • RANK ind #1999

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 Construction retirement plans → · Plans in Minnesota →

Soma Construction P-S Plan in the asset neighbourhood

Soma Construction P-S Plan$1MChartwell Seventeen Advisory Group Inc. Retirement PlanChartwell Seventeen Advisory…$1MBay Crane Service of Long Island 401(k) Profit Sharing PlanBay Crane Service of Long Is…$1MAngel B. Malave Gomez Retirement PlanAngel B. Malave Gomez Retire…$1MAxel Wilberto Velez Santiago Csp Retirement PlanAxel Wilberto Velez Santiago…$1M
End-of-year total assets ($M) among Soma Construction P-S Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Soma Construction Inc multi-year asset trail

Sponsor-wide plan assets over time

All Soma Construction Inc plans reported in each filing year

Latest sponsor-wide plan assets
$1M 13.568309953401133% vs 2022
2024 filing year
$0.95M$1M$1.05M$1.1M$1.15M 202220232024 $0.99M $1.13M ▲ +14.1%
Year Plans Participants Total Assets
2022 1 3 $994K
2023 1 3 $1M
2024 1 3 $1M

Soma Construction Inc filing trail (2023)

Total Assets (Beginning of Year)$994K
Net Assets (End of Year)$1M
Net Income$65K
Employer EIN411514794
Plan Effective Date2023-12-31
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Minnesota

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Soma Construction P-S Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants Soma Construction P-S Plan, Total assets ($B): 0.001059188 · Participants: 3Soma Construction P-S PlanEssentia Health Retirement Plan, Total assets ($B): 1.947015983 · Participants: 15491Essentia Health Retirement PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.617374084 · Participants: 6062Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.905961651 · Participants: 9417Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.609806339 · Participants: 4828Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.510990463 · Participants: 19870Cargill Employee Retirement Account Plan
Soma Construction P-S Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Soma Construction P-S Plan side-by-side with 3 peers →

Soma Construction P-S Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is Chartwell Seventeen Advisory Group Inc. Retirement Plan in NY ($1M); by covered participants it is Dick & Jane, Inc. Profit Sharing Plan & Trust in CO (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 participants); 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 Soma Construction P-S Plan assets move in 2023? ▼
Soma Construction P-S Plan grew at a solid clip - up 6.6% during 2023, from $994K to $1M. Reported net income was $65K.
How have Soma Construction Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Soma Construction Inc's sponsor-wide assets grew 13.6%, from $994K to $1M.
Where does Soma Construction P-S Plan rank by assets among Form 5500 filers? ▼
Soma Construction P-S Plan ranks in the 24th 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 Profit Sharing plans are similar in size to Soma Construction P-S Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Chartwell Seventeen Advisory Group Inc. Retirement Plan in NY ($1M, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Soma Construction P-S Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Dick & Jane, Inc. Profit Sharing Plan & Trust in CO (3 participants, $751K 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 411514794.

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.