401(k) · DOL Form 5500 · 2023

Sound Community Bank 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
142
Participants Small participant base
63rd
Percentile by assets National rank
$88,184
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sound Community Bank 401(k) Profit Sharing Plan · Sponsored by Sound Community Bank · Washington · Finance & Insurance

$13M in assets, 142 participants

Sound Community Bank's Sound Community Bank 401(k) Profit Sharing Plan reported $13M in total assets and 142 participants in its 2023 DOL Form 5500 filing, ranking in the 63rd 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.

  • #4,289 in Finance & Insurance (8,869 peers)

Coverage in Washington

Sound Community Bank 401(k) Profit Sharing Plan covers 142 participants in Washington, about 10% of the average Washington filer (state average ~1,476 per filing). Assets: $13M.

#4,289
in Finance & Insurance (8,869 peers)
+21.6%
assets growth YoY

Sound Community Bank 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Sound Community Bank 401(k) Profit Sharing Plan vs every filed plan by assets

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

$12,522,092 Top 37% higher than 63% 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

Sound Community Bank 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sound Community Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (142 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sound Community Bank 401(k) Profit Sharing Plan reported net income rose from -$985K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Sound Community Bank 401(k) Profit Sharing Plan end-of-year assets rose from $10M in the plan year 2022 filing to $13M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 910619653 · Sound Community Bank PY 2023 · 401(k)

Sound Community Bank 401(k) Profit Sharing Plan · $13M · 142 · 63rd

  • VS-ST $13M
  • VS-ST 142
  • VS-ST 63rd
  • VS-ST 401(k)
  • VS-ST near Vss Retirement Trust
  • VS-ST ind #4289

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 Finance & Insurance retirement plans → · Plans in Washington →

Sound Community Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Sound Community Bank 401(k) Profit Sharing PlanSound Community Bank 401(k) …$13MVss Retirement Trust$13MLittle League Baseball, Incorporated Retirement Savings PlanLittle League Baseball, Inco…$13MEcoclean, Inc. 401(k) Plan$13MJones Lumber Company, Inc Profit Sharing 401(k) PlanJones Lumber Company, Inc Pr…$13M
End-of-year total assets ($M) among Sound Community Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$13M
Net Income$2M
Employer EIN910619653
Plan Effective Date2002-10-02
Filing StatusFILING RECEIVED

Sponsor Plan History (Sound Community Bank)

Sponsor-wide plan assets over time

All Sound Community Bank plans reported in each filing year

Latest sponsor-wide plan assets
$25M 50.07078747220213% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $16.8M $25.2M ▲ +50.0%
Year Plans Participants Total Assets
2022 2 226 $17M
2023 2 295 $20M
2024 2 250 $25M

Nearby 401(k) Plans in Washington

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

Sound Community Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -20020406080 Total assets ($B) Participants Sound Community Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.012522092 · Participants: 142Sound Community Bank 401(k) Profit Sharing PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings Plan
Sound Community Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Washington, assets vs. participants
Compare Sound Community Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Sound Community Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Washington, the nearest 401(k) by assets is Vss Retirement Trust in NY ($13M); by covered participants it is Texas Veterinary, PLLC 401(k) Plan in TX (142 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (142 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 Sound Community Bank 401(k) Profit Sharing Plan assets move in 2023? ▼
Sound Community Bank 401(k) Profit Sharing Plan grew sharply - up 21.6% during 2023, from $10M to $13M. Reported net income was $2M.
How have Sound Community Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sound Community Bank's sponsor-wide assets grew 50.1%, from $17M to $25M.
Which 401(k) plans are similar in size to Sound Community Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vss Retirement Trust in NY ($13M, 23 participants).
Which 401(k) plans cover a similar participant headcount to Sound Community Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Texas Veterinary, PLLC 401(k) Plan in TX (142 participants, $12M 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 910619653.

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.