401(k) · DOL Form 5500 · 2024

Socotec, Inc. 401(k) Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
458
Participants Below avg headcount
89th
Percentile by assets National rank
$180,658
Avg per participant Above avg balance/head
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Official DOL plan name: Socotec, Inc. Profit Sharing Plan · Sponsored by Socotec, Inc. · New York · Professional & Technical Services

$83M in assets, 458 participants

Socotec, Inc.'s Socotec, Inc. Profit Sharing Plan reported $83M in total assets and 458 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

  • #18,175 in Professional & Technical Services (20,173 peers)

Where Socotec, Inc. Profit Sharing Plan sits by assets

Socotec, Inc. Profit Sharing Plan sits in the top quartile of all filed plans by assets, $83M for 458 participants (~$180,658/participant), up 1.1% in 2024.

#18,175
in Professional & Technical Services (20,173 peers)
+1.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Socotec, Inc. Profit Sharing Plan's outsized position by total assets

Socotec, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$82,741,575 Top 11% higher than 89% 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

Socotec, Inc. Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Socotec, Inc. Profit Sharing Plan sits mid-pack in the medium band (458 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Socotec, Inc. Profit Sharing Plan reported net income fell from $17M in the plan year 2023 filing to $943K in the plan year 2024 filing.
  • Socotec, Inc. Profit Sharing Plan reported participants rose from 448 in the plan year 2023 filing to 458 in the plan year 2024 filing.
  • Socotec, Inc. Profit Sharing Plan end-of-year assets rose from $82M in the plan year 2023 filing to $83M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 131584475 · Socotec, Inc. PY 2024 · 401(k)

Socotec, Inc. Profit Sharing Plan · $83M · 458 · 89th

  • BOY $83M
  • BOY 458
  • BOY 89th
  • BOY 401(k)
  • BOY near Foster, Swift, Collins & Smith, P.C. Employee Profit Sharing Plan
  • BOY ind #18175

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 New York →

Socotec, Inc. Profit Sharing Plan in the asset neighbourhood

Cpc Logistics, Inc. Employees 401(k) Retirement PlanCpc Logistics, Inc. Employee…$83MSocotec, Inc. Profit Sharing PlanSocotec, Inc. Profit Sharing…$83MFoster, Swift, Collins & Smith, P.C. Employee Profit Sharing PlanFoster, Swift, Collins & Smi…$83MMeridian Industries, Inc. Retirement PlanMeridian Industries, Inc. Re…$83MUniversal Property & Casualty 401(k) Profit Sharing PlanUniversal Property & Casualt…$83M
End-of-year total assets ($M) among Socotec, Inc. 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)$82M
Net Assets (End of Year)$83M
Net Income$943K
Employer EIN131584475
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Socotec, Inc.)

Sponsor-wide plan assets over time

All Socotec, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$83M 30.173249840283578% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $63.6M $82.7M ▲ +30.2%
Year Plans Participants Total Assets
2022 1 376 $64M
2023 1 448 $82M
2024 1 458 $83M

Nearby 401(k) Plans in New York

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

Socotec, Inc. Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Socotec, Inc. Profit Sharing Plan, Total assets ($B): 0.082741575 · Participants: 458Socotec, Inc. Profit Sharing PlanIBM 401(k) Plan, Total assets ($B): 60.39355615 · Participants: 52674IBM 401(k) PlanMorgan Stanley 401(k) Plan, Total assets ($B): 22.180692974 · Participants: 53860Morgan Stanley 401(k) PlanPfizer Savings Plan, Total assets ($B): 21.9871528 · Participants: 33309Pfizer Savings PlanThe Pepsico Savings Plan, Total assets ($B): 14.9369507 · Participants: 137398The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 12.807939404 · Participants: 23227The Goldman Sachs 401(k) Plan
Socotec, Inc. Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Socotec, Inc. Profit Sharing Plan side-by-side with 3 peers →

Socotec, Inc. Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Foster, Swift, Collins & Smith, P.C. Employee Profit Sharing Plan in MI ($83M); by covered participants it is Microdental, Inc. 401(k) Profit Sharing Plan in MI (458 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (458 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 Socotec, Inc. Profit Sharing Plan assets move in 2024? ▼
Socotec, Inc. Profit Sharing Plan edged up modestly - up 1.1% during 2024, from $82M to $83M. Reported net income was $943K.
How have Socotec, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Socotec, Inc.'s sponsor-wide assets grew 30.2%, from $64M to $83M.
Where does Socotec, Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Socotec, Inc. Profit Sharing Plan ranks in the 89th 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 Socotec, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Foster, Swift, Collins & Smith, P.C. Employee Profit Sharing Plan in MI ($83M, 202 participants).
Which 401(k) plans cover a similar participant headcount to Socotec, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Microdental, Inc. 401(k) Profit Sharing Plan in MI (458 participants, $30M 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 131584475.

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.