401(k) · DOL Form 5500 · 2023

Berman & Simmons, P.a. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
67
Participants Small participant base
80th
Percentile by assets National rank
$480,004
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Berman and Simmons, P.a. 401(k) Profit Sharing Plan · Sponsored by Berman & Simmons, P.a. · Maine · Professional & Technical Services

$32M in assets, 67 participants

Berman & Simmons, P.a.'s Berman and Simmons, P.a. 401(k) Profit Sharing Plan reported $32M in total assets and 67 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #16,404 in Professional & Technical Services (20,321 peers)

Where Berman and Simmons, P.a. 401(k) Profit Sharing Plan sits by assets

Berman and Simmons, P.a. 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $32M for 67 participants (~$480,004/participant), up 7.5% in 2023.

#16,404
in Professional & Technical Services (20,321 peers)
+7.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Berman and Simmons, P.a. 401(k) Profit Sharing Plan's outsized position by total assets

Berman and Simmons, P.a. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$32,160,279 Top 20% higher than 80% 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

Berman and Simmons, P.a. 401(k) Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Berman and Simmons, P.a. 401(k) Profit Sharing Plan is a small filing (67 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Berman and Simmons, P.a. 401(k) Profit Sharing Plan reported net income rose from -$5M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Berman and Simmons, P.a. 401(k) Profit Sharing Plan reported participants rose from 58 in the plan year 2022 filing to 67 in the plan year 2023 filing.
  • Berman and Simmons, P.a. 401(k) Profit Sharing Plan end-of-year assets rose from $30M in the plan year 2022 filing to $32M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 010315653 · Berman & Simmons, P.a. PY 2023 · 401(k)

Berman and Simmons, P.a. 401(k) Profit Sharing Plan · $32M · 67 · 80th

  • NET $32M
  • NET 67
  • NET 80th
  • NET 401(k)
  • NET near Yokohama Industries Americas Inc. Profit Sharing & 401(k) Plan
  • NET ind #16404

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 Maine →

Berman and Simmons, P.a. 401(k) Profit Sharing Plan in the asset neighbourhood

Berman and Simmons, P.a. 401(k) Profit Sharing PlanBerman and Simmons, P.a. 401…$32MYokohama Industries Americas Inc. Profit Sharing & 401(k) PlanYokohama Industries Americas…$32MIndustrial Metal Supply Company 401(k) PlanIndustrial Metal Supply Comp…$32MUnited Radio, Inc. 401(k) Retirement PlanUnited Radio, Inc. 401(k) Re…$32MMarkel 401(k) Plan$32M
End-of-year total assets ($M) among Berman and Simmons, P.a. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$32M
Net Income$2M
Employer EIN010315653
Plan Effective Date1972-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Berman & Simmons, P.a.)

Sponsor-wide plan assets over time

All Berman & Simmons, P.a. plans reported in each filing year

Latest sponsor-wide plan assets
$33M 10.207326303956602% vs 2022
2024 filing year
$29M$30M$31M$32M$33M$34M 202220232024 $29.9M $33M ▲ +10.2%
Year Plans Participants Total Assets
2022 1 58 $30M
2023 1 67 $32M
2024 1 64 $33M

Nearby 401(k) Plans in Maine

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

Berman and Simmons, P.a. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Berman and Simmons, P.a. 401(k) Profit Sharing Plan, Total assets ($B): 0.032160279 · Participants: 67Berman and Simmons, P.a. 401(k) Profit Sharing PlanTd 401(k) Retirement Plan, Total assets ($B): 4.942173822 · Participants: 30094Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.163858906 · Participants: 9604Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.048053529 · Participants: 6594Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 0.986043827 · Participants: 29370Hannaford Bros. Co. 401(k) PlanL.L. Bean 401(k) Retirement Savings Plan, Total assets ($B): 0.721305706 · Participants: 7173L.L. Bean 401(k) Retirement Savings Plan
Berman and Simmons, P.a. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Berman and Simmons, P.a. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Berman and Simmons, P.a. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Yokohama Industries Americas Inc. Profit Sharing & 401(k) Plan in KY ($32M); by covered participants it is School Innovations & Achievement 401(k) Profit Sharing Plan in CA (67 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($32M here).

Similar participant headcount

Nearest other-state filings by covered participants (67 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 Berman and Simmons, P.a. 401(k) Profit Sharing Plan assets move in 2023? ▼
Berman and Simmons, P.a. 401(k) Profit Sharing Plan grew at a solid clip - up 7.5% during 2023, from $30M to $32M. Reported net income was $2M.
How have Berman & Simmons, P.a. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Berman & Simmons, P.a.'s sponsor-wide assets grew 10.2%, from $30M to $33M.
Where does Berman and Simmons, P.a. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Berman and Simmons, P.a. 401(k) Profit Sharing Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Berman and Simmons, P.a. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Yokohama Industries Americas Inc. Profit Sharing & 401(k) Plan in KY ($32M, 1,033 participants).
Which 401(k) plans cover a similar participant headcount to Berman and Simmons, P.a. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is School Innovations & Achievement 401(k) Profit Sharing Plan in CA (67 participants, N/A 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 010315653.

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.