401(k) · DOL Form 5500 · 2023
Sorenson Communications LLC. 401(k) Plan
Data updated 2026-08-11
- $275M
- Total assets
- 8,931
- Participants
- 96th
- Percentile by assets
- $30,809
- Avg per participant
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.
- 96th percentile by assets (of 127,072 plans)
- #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.
- $275M
- total plan assets (2023 EOY)
- 8,931
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $30,809
- avg assets per participant
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.
Participants vs Utah filers
In Utah, the average filing covers about 592 participants across 1,280 plans. Sorenson Communications, LLC. 401(k) Profit Sharing Plan reports 8,931 participants - 15x that state average ($275M EOY assets).
Utah filing particulars
| Total Assets (Beginning of Year) | $241M |
|---|---|
| Net Assets (End of Year) | $275M |
| Net Income | $34M |
| Employer EIN | 870650555 |
| Plan Effective Date | 2005-11-11 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sorenson Communications LLC.)
| 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
- Intermountain Healthcare Savings Plus 401(k) Plan $6.0B · 46,680
- Deseret 401(k) Plan $5.5B · 24,292
- Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan $1.7B · 10,088
- Skywest, Inc. Employees' Retirement Plan $1.2B · 15,411
- Autoliv Asp, Inc. Employee Savings and Investment Plan $634M · 4,537
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 (401(k), $317M, 7,056 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sorenson Communications, LLC. 401(k) Profit Sharing Plan by total assets, not by location.
- Riverside Health System 401(k) Savings Plan (VA) $275M · 7,461
- Harbor Freight Tools Retirement Savings Plan (CA) $275M · 18,364
- Belcan Retirement Savings Plan (OH) $275M · 4,241
- Calumet Gp, LLC Retirement Savings Plan (IN) $275M · 1,529
Frequently Asked Questions
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Filing takeaways
Ways to act on Sorenson Communications, LLC. 401(k) Profit Sharing Plan's numbers.
- By total assets, Sorenson Communications, LLC. 401(k) Profit Sharing Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Utah. Compare plans
- Sorenson Communications LLC.'s sponsor-wide assets have grown 31.4% since 2022 across 3 plan years on file. More Professional & Technical Services plans