401(k) · DOL Form 5500 · 2023

Somic America, Inc. 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
548
Participants Below avg headcount
73rd
Percentile by assets National rank
$37,892
Avg per participant Low balance/head
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Official DOL plan name: Somic America, Inc. 401(k) Plan · Sponsored by Somic America, Inc. · Maine · Manufacturing

$21M in assets, 548 participants

Somic America, Inc.'s Somic America, Inc. 401(k) Plan reported $21M in total assets and 548 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #11,866 in Manufacturing (18,722 peers)

Somic America, Inc. multi-year trail

Somic America, Inc.'s plans moved +53.2% in assets from 2022 to 2024; this filing shows Somic America, Inc. 401(k) Plan at $21M / 548 participants.

#11,866
in Manufacturing (18,722 peers)
+22.7%
assets growth YoY

Somic America, Inc. 401(k) Plan's outsized position by total assets

Somic America, Inc. 401(k) Plan vs every filed plan by assets

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

$20,764,542 Top 27% higher than 73% 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

Somic America, Inc. 401(k) 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. Somic America, Inc. 401(k) Plan sits mid-pack in the medium band (548 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Somic America, Inc. 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Somic America, Inc. 401(k) Plan end-of-year assets rose from $17M in the plan year 2022 filing to $21M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 270424674 · Somic America, Inc. PY 2023 · 401(k)

Somic America, Inc. 401(k) Plan · $21M · 548 · 73rd

  • VS-ST $21M
  • VS-ST 548
  • VS-ST 73rd
  • VS-ST 401(k)
  • VS-ST near Weissman PC 401(k) and Profit Sharing Plan
  • VS-ST ind #11866

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 Manufacturing retirement plans → · Plans in Maine →

Somic America, Inc. 401(k) Plan in the asset neighbourhood

Mountain States Employers Council, Inc. Thrift Plan & TrustMountain States Employers Co…$21MGerber Childrenswear 401(k) PlanGerber Childrenswear 401(k) …$21MNelson & Pope 401(k) Plan$21MSomic America, Inc. 401(k) PlanSomic America, Inc. 401(k) P…$21MWeissman PC 401(k) and Profit Sharing PlanWeissman PC 401(k) and Profi…$21M
End-of-year total assets ($M) among Somic America, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Somic America, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Somic America, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$26M 53.22016057979807% vs 2022
2024 filing year
$15M$20M$25M$30M 202220232024 $16.9M $25.9M ▲ +53.2%
Year Plans Participants Total Assets
2022 1 551 $17M
2023 1 548 $21M
2024 1 544 $26M

Somic America, Inc. filing trail (2023)

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$21M
Net Income$4M
Employer EIN270424674
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Maine

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

Somic America, Inc. 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246 Total assets ($B) Participants Somic America, Inc. 401(k) Plan, Total assets ($B): 0.020764542 · Participants: 548Somic America, Inc. 401(k) 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
Somic America, Inc. 401(k) Plan vs. nearby 401(k) plans in Maine, assets vs. participants
Compare Somic America, Inc. 401(k) Plan side-by-side with 3 peers →

Somic America, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maine, the nearest 401(k) by assets is Weissman PC 401(k) and Profit Sharing Plan in GA ($21M); by covered participants it is Doctors of Physical Therapy 401(k) Plan in IL (548 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($21M here).

Similar participant headcount

Nearest other-state filings by covered participants (548 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 Somic America, Inc. 401(k) Plan assets move in 2023? ▼
Somic America, Inc. 401(k) Plan grew sharply - up 22.7% during 2023, from $17M to $21M. Reported net income was $4M.
How have Somic America, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somic America, Inc.'s sponsor-wide assets grew 53.2%, from $17M to $26M.
Which 401(k) plans are similar in size to Somic America, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Weissman PC 401(k) and Profit Sharing Plan in GA ($21M, 163 participants).
Which 401(k) plans cover a similar participant headcount to Somic America, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Doctors of Physical Therapy 401(k) Plan in IL (548 participants, $9M 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 270424674.

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.