401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$33M
Total assets Below avg plan size
64
Participants Small participant base
79th
Percentile by assets National rank
$515,192
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

$33M in assets, 64 participants

Berman & Simmons, P.a.'s Berman and Simmons, P.a. 401(k) Profit Sharing Plan reported $33M in total assets and 64 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #15,932 in Professional & Technical Services (20,173 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, $33M for 64 participants (~$515,192/participant), up 2.5% in 2024.

#15,932
in Professional & Technical Services (20,173 peers)
+2.5%
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 2024 · DOL Form 5500

$32,972,315 Top 21% higher than 79% of 123,620 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 2024

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

Plan-year 2024 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 (64 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Berman and Simmons, P.a. 401(k) Profit Sharing Plan reported net income fell from $2M in the plan year 2023 filing to $812K in the plan year 2024 filing.
  • Berman and Simmons, P.a. 401(k) Profit Sharing Plan reported participants fell from 67 in the plan year 2023 filing to 64 in the plan year 2024 filing.
  • Berman and Simmons, P.a. 401(k) Profit Sharing Plan end-of-year assets rose from $32M in the plan year 2023 filing to $33M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 010315653 · Berman & Simmons, P.a. PY 2024 · 401(k)

Berman and Simmons, P.a. 401(k) Profit Sharing Plan · $33M · 64 · 79th

  • NET $33M
  • NET 64
  • NET 79th
  • NET 401(k)
  • NET near Hotel Retirement Systems Profit Sharing Plan and Trust
  • NET ind #15932

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

401(k) Retirement Savings Plan401(k) Retirement Savings Pl…$33MBerman and Simmons, P.a. 401(k) Profit Sharing PlanBerman and Simmons, P.a. 401…$33MHotel Retirement Systems Profit Sharing Plan and TrustHotel Retirement Systems Pro…$33MHammond Group, Inc. 401(k) and Thrift PlanHammond Group, Inc. 401(k) a…$33MNewcomb Oil Co., LLC Profit Sharing and 401(k) Savings PlanNewcomb Oil Co., LLC Profit …$33M
End-of-year total assets ($M) among Berman and Simmons, P.a. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$32M
Net Assets (End of Year)$33M
Net Income$812K
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 -202468 Total assets ($B) Participants Berman and Simmons, P.a. 401(k) Profit Sharing Plan, Total assets ($B): 0.032972315 · Participants: 64Berman and Simmons, P.a. 401(k) Profit Sharing PlanTd 401(k) Retirement Plan, Total assets ($B): 5.971163889 · Participants: 31654Td 401(k) Retirement PlanUnum Group 401(k) Retirement Plan, Total assets ($B): 2.479947647 · Participants: 9451Unum Group 401(k) Retirement PlanIdexx Retirement and Incentive Savings Plan, Total assets ($B): 1.243344842 · Participants: 6776Idexx Retirement and Incentive Savings PlanHannaford Bros. Co. 401(k) Plan, Total assets ($B): 1.096724054 · Participants: 29915Hannaford Bros. Co. 401(k) PlanAhold Delhaize USA Services 401(k) Plan, Total assets ($B): 1.001892127 · Participants: 3012Ahold Delhaize USA Services 401(k) 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 Hotel Retirement Systems Profit Sharing Plan and Trust in SD ($33M); by covered participants it is Kwik Goal Ltd. 401(k) Plan in PA (64 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (64 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Berman and Simmons, P.a. 401(k) Profit Sharing Plan edged up modestly - up 2.5% during 2024, from $32M to $33M. Reported net income was $812K.
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 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Hotel Retirement Systems Profit Sharing Plan and Trust in SD ($33M, 4,997 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 Kwik Goal Ltd. 401(k) Plan in PA (64 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.