401(k) · DOL Form 5500 · 2024
Sorenson Communications LLC. 401(k) Plan
Data updated 2026-08-25
- $317M
- Total assets Above avg plan size
- 7,056
- Participants Above avg headcount
- 96th
- Percentile by assets National rank
- $44,859
- Avg per participant Low balance/head
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.
- #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.
- #19,567
- in Professional & Technical Services (20,173 peers)
- +15.0%
- assets growth YoY
- 3.2×
- vs typical plan assets (national mean)
Sorenson Communications, LLC. 401(k) Profit Sharing Plan's outsized position by total assets
Sorenson Communications, LLC. 401(k) Profit Sharing Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$316,527,262 Top 4% higher than 96% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Sorenson Communications, LLC. 401(k) Profit Sharing Plan's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sorenson Communications, LLC. 401(k) Profit Sharing Plan lands in the large band (7,056 participants).
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.
Plan-year Form 5500 strip
Filing strip 870650555 · Sorenson Communications LLC. PY 2024 · 401(k)
Sorenson Communications, LLC. 401(k) Profit Sharing Plan · $317M · 7,056 · 96th
- IND $317M
- EOY 7,056
- 5500 96th
- ASSETS 401(k)
- PCT near Verizon Savings and Security Plan for West Region Hourly Employees
- EIN ind #19567
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 Utah →
Sorenson Communications, LLC. 401(k) Profit Sharing Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Sorenson Communications LLC. plans reported in each filing year
- Latest sponsor-wide plan assets
- $317M 31.443772649050505% vs 2022
- 2024 filing year
| 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.
- 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 |
Sorenson Communications, LLC. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount
Outside Utah, the nearest 401(k) by assets is Verizon Savings and Security Plan for West Region Hourly Employees in NJ ($316M); by covered participants it is Henry Schein, Inc. 401(k) Savings Plan in NY (7,053 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($317M here).
Similar participant headcount
Nearest other-state filings by covered participants (7,056 participants); asset peers above are excluded.
- Henry Schein, Inc. 401(k) Savings Plan (NY) 7,053 · 3 off
- Microchip Technology Incorporated Savings Plan (AZ) 7,051 · 5 off
- Wood 401(k) Plan (TX) 7,051 · 5 off
- Abm 401(k) Employee Savings Plan II (NY) 7,061 · 5 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.