401(k) · DOL Form 5500 · 2024

Somic America, Inc. 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
544
Participants Below avg headcount
75th
Percentile by assets National rank
$47,652
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

$26M in assets, 544 participants

Somic America, Inc.'s Somic America, Inc. 401(k) Plan reported $26M in total assets and 544 participants in its 2024 DOL Form 5500 filing, ranking in the 75th 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.

  • #11,665 in Manufacturing (17,777 peers)

Where Somic America, Inc. 401(k) Plan sits by assets

Somic America, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $26M for 544 participants (~$47,652/participant), up 24.8% in 2024.

#11,665
in Manufacturing (17,777 peers)
+24.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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 2024 · DOL Form 5500

$25,922,464 Top 25% higher than 75% 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

Somic America, Inc. 401(k) 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. Somic America, Inc. 401(k) Plan sits mid-pack in the medium band (544 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Somic America, Inc. 401(k) Plan reported net income rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Somic America, Inc. 401(k) Plan end-of-year assets rose from $21M in the plan year 2023 filing to $26M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 270424674 · Somic America, Inc. PY 2024 · 401(k)

Somic America, Inc. 401(k) Plan · $26M · 544 · 75th

  • PART $26M
  • TYPE 544
  • NET 75th
  • BOOK 401(k)
  • VS-ST near Cyrus Capital Partners, L.P. Incentive Savings Plan
  • BOY ind #11665

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

Kern Oil & Refining Co. Profit Sharing PlanKern Oil & Refining Co. Prof…$26MSomic America, Inc. 401(k) PlanSomic America, Inc. 401(k) P…$26MCyrus Capital Partners, L.P. Incentive Savings PlanCyrus Capital Partners, L.P.…$26MCtsi 401(k) Plan$26MThe Oklahoma City Indian Clinic 401(k) PlanThe Oklahoma City Indian Cli…$26M
End-of-year total assets ($M) among Somic America, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$26M
Net Income$5M
Employer EIN270424674
Plan Effective Date2010-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Somic America, Inc.)

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

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 -202468 Total assets ($B) Participants Somic America, Inc. 401(k) Plan, Total assets ($B): 0.025922464 · Participants: 544Somic America, Inc. 401(k) 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
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 Cyrus Capital Partners, L.P. Incentive Savings Plan in NY ($26M); by covered participants it is Ach Child and Family Services 401(k) Plan in TX (544 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($26M here).

Similar participant headcount

Nearest other-state filings by covered participants (544 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 Somic America, Inc. 401(k) Plan assets move in 2024? ▼
Somic America, Inc. 401(k) Plan grew sharply - up 24.8% during 2024, from $21M to $26M. Reported net income was $5M.
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.
Where does Somic America, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Somic America, Inc. 401(k) Plan ranks in the 75th 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 Somic America, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cyrus Capital Partners, L.P. Incentive Savings Plan in NY ($26M, 30 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 Ach Child and Family Services 401(k) Plan in TX (544 participants, $14M 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 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.