401(k) · DOL Form 5500 · 2024
Sorenson Communications LLC. 401(k) Plan
Data updated 2026-08-11
- $317M
- Total assets
- 7,056
- Participants
- 96th
- Percentile by assets
- $44,859
- Avg per participant
Official DOL plan name: Sorenson Communications, LLC. 401(k) Profit Sharing Plan · Sponsored by Sorenson Communications LLC. · Utah · Professional & Technical Services
$317M in assets, 7,056 participants
Sorenson Communications LLC.'s Sorenson Communications, LLC. 401(k) Profit Sharing Plan reported $317M in total assets and 7,056 participants in its 2024 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 123,622 plans)
- #19,567 in Professional & Technical Services (20,173 peers)
Coverage in Utah
Sorenson Communications, LLC. 401(k) Profit Sharing Plan covers 7,056 participants in Utah, 12x the typical Utah plan (state average ~592 per filing). Assets: $317M.
- $317M
- total plan assets (2024 EOY)
- 7,056
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $44,859
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sorenson Communications, LLC. 401(k) Profit Sharing Plan reported participants fell from 8,931 in the plan year 2023 filing to 7,056 in the plan year 2024 filing.
- Sorenson Communications, LLC. 401(k) Profit Sharing Plan reported net income rose from $34M in the plan year 2023 filing to $41M in the plan year 2024 filing.
- Sorenson Communications, LLC. 401(k) Profit Sharing Plan end-of-year assets rose from $275M in the plan year 2023 filing to $317M in the plan year 2024 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 7,056 participants - 12x that state average ($317M EOY assets).
Utah filing particulars
| Total Assets (Beginning of Year) | $275M |
|---|---|
| Net Assets (End of Year) | $317M |
| Net Income | $41M |
| 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 Health 401(k) Plan $6.8B · 68,360
- Deseret 401(k) Plan $6.1B · 25,301
- Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan $1.9B · 9,972
- Skywest, Inc. Employees' Retirement Plan $1.4B · 14,259
- Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan $687M · 1,926
Scale composition for Sorenson Communications, LLC. 401(k) Profit Sharing Plan
Sorenson Communications, LLC. 401(k) Profit Sharing Plan reports $317M in end-of-year assets across 7,056 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $44,859 per participant (32% of the national average assets-per-participant) . Net income for plan year 2024 was $41M.
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 | Open filing |
| 2024 · index core | 7,056 | $317M | This page |
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.
- Verizon Savings and Security Plan for West Region Hourly Employees (NJ) $316M · 466
- Crown Cork & Seal Company, Inc. 401(k) Retirement Savings Plan (PA) $317M · 2,022
- Hexion Inc. Retirement Savings Plan (OH) $317M · 723
- Radiate Holdco, LLC Retirement Savings Plan (NJ) $317M · 3,042
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