401(k) · DOL Form 5500 · 2023

Sorenson Communications LLC. 401(k) Plan

Data updated 2026-08-25

$275M
Total assets Near avg plan size
8,931
Participants Very large workforce
96th
Percentile by assets National rank
$30,809
Avg per participant Low balance/head
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Official DOL plan name: Sorenson Communications, LLC. 401(k) Profit Sharing Plan · Sponsored by Sorenson Communications LLC. · Utah · Professional & Technical Services

$275M in assets, 8,931 participants

Sorenson Communications LLC.'s Sorenson Communications, LLC. 401(k) Profit Sharing Plan reported $275M in total assets and 8,931 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #19,706 in Professional & Technical Services (20,321 peers)

Coverage in Utah

Sorenson Communications, LLC. 401(k) Profit Sharing Plan covers 8,931 participants in Utah, 15x the typical Utah plan (state average ~592 per filing). Assets: $275M.

#19,706
in Professional & Technical Services (20,321 peers)
+14.3%
assets growth YoY
2.8×
vs typical plan assets (national mean)

Sorenson Communications, LLC. 401(k) Profit Sharing Plan's outsized position by total assets

Sorenson Communications, LLC. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$275,155,811 Top 4% higher than 96% 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

Sorenson Communications, LLC. 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sorenson Communications, LLC. 401(k) Profit Sharing Plan lands in the large band (8,931 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sorenson Communications, LLC. 401(k) Profit Sharing Plan reported net income rose from -$44M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • Sorenson Communications, LLC. 401(k) Profit Sharing Plan reported participants fell from 11,172 in the plan year 2022 filing to 8,931 in the plan year 2023 filing.
  • Sorenson Communications, LLC. 401(k) Profit Sharing Plan end-of-year assets rose from $241M in the plan year 2022 filing to $275M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 870650555 · Sorenson Communications LLC. PY 2023 · 401(k)

Sorenson Communications, LLC. 401(k) Profit Sharing Plan · $275M · 8,931 · 96th

  • SCH $275M
  • SCH 8,931
  • SCH 96th
  • SCH 401(k)
  • SCH near Riverside Health System 401(k) Savings Plan
  • SCH ind #19706

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 Utah →

Sorenson Communications, LLC. 401(k) Profit Sharing Plan in the asset neighbourhood

Calumet Gp, LLC Retirement Savings PlanCalumet Gp, LLC Retirement S…$275MHarbor Freight Tools Retirement Savings PlanHarbor Freight Tools Retirem…$275MSorenson Communications, LLC. 401(k) Profit Sharing PlanSorenson Communications, LLC…$275MRiverside Health System 401(k) Savings PlanRiverside Health System 401(…$275MBelcan Retirement Savings PlanBelcan Retirement Savings Pl…$275M
End-of-year total assets ($M) among Sorenson Communications, LLC. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$241M
Net Assets (End of Year)$275M
Net Income$34M
Employer EIN870650555
Plan Effective Date2005-11-11
Filing StatusFILING RECEIVED

Sponsor Plan History (Sorenson Communications LLC.)

Sponsor-wide plan assets over time

All Sorenson Communications LLC. plans reported in each filing year

Latest sponsor-wide plan assets
$317M 31.443772649050505% vs 2022
2024 filing year
$200M$250M$300M$350M 202220232024 $241M $317M ▲ +31.4%
Year Plans Participants Total Assets
2022 1 11,172 $241M
2023 1 8,931 $275M
2024 1 7,056 $317M

Nearby 401(k) Plans in Utah

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

Sorenson Communications, LLC. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. 01000020000300004000050000 -202468 Total assets ($B) Participants Sorenson Communications, LLC. 401(k) Profit Sharing Plan, Total assets ($B): 0.275155811 · Participants: 8931Sorenson Communications, LLC. 401(k) Profit Sharing PlanIntermountain Healthcare Savings Plus 401(k) Plan, Total assets ($B): 6.015479 · Participants: 46680Intermountain Healthcare Savings Plus 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 5.481729272 · Participants: 24292Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.662904822 · Participants: 10088Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.192769515 · Participants: 15411Skywest, Inc. Employees' Retirement PlanAutoliv Asp, Inc. Employee Savings and Investment Plan, Total assets ($B): 0.633594695 · Participants: 4537Autoliv Asp, Inc. Employee Savings and Investment Plan
Sorenson Communications, LLC. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare Sorenson Communications, LLC. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Scale composition for Sorenson Communications, LLC. 401(k) Profit Sharing Plan

Sorenson Communications, LLC. 401(k) Profit Sharing Plan reports $275M in end-of-year assets across 8,931 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $30,809 per participant (22% of the national average assets-per-participant) . Net income for plan year 2023 was $34M.

This plan identity (EIN 870650555, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $241M to $317M (+31.4%) while covered participants moved from 11,172 to 7,056 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 11,172 $241M Open filing
2023 8,931 $275M This page
2024 · index core 7,056 $317M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Sorenson Communications, LLC. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Riverside Health System 401(k) Savings Plan in VA ($275M); by covered participants it is Ensemble Retirement Savings Plan 401(k) in OH (8,930 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($275M here).

Similar participant headcount

Nearest other-state filings by covered participants (8,931 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 Sorenson Communications, LLC. 401(k) Profit Sharing Plan assets move in 2023? ▼
Sorenson Communications, LLC. 401(k) Profit Sharing Plan grew at a solid clip - up 14.3% during 2023, from $241M to $275M. Reported net income was $34M.
How have Sorenson Communications LLC. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sorenson Communications LLC.'s sponsor-wide assets grew 31.4%, from $241M to $317M.
Where does Sorenson Communications, LLC. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Sorenson Communications, LLC. 401(k) Profit Sharing Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sorenson Communications, LLC. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Riverside Health System 401(k) Savings Plan in VA ($275M, 7,461 participants).
Which 401(k) plans cover a similar participant headcount to Sorenson Communications, LLC. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ensemble Retirement Savings Plan 401(k) in OH (8,930 participants, $196M 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 870650555.

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.