401(k) · DOL Form 5500 · 2024

Soave Enterprises, LLC 401(k) Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
605
Participants Below avg headcount
86th
Percentile by assets National rank
$96,054
Avg per participant Below avg balance/head
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Official DOL plan name: Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust · Sponsored by Soave Enterprises, LLC · Michigan · Management of Enterprises

$58M in assets, 605 participants

Soave Enterprises, LLC's Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust reported $58M in total assets and 605 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #791 in Management of Enterprises (1,133 peers)

Where Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust sits by assets

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust sits in the top quartile of all filed plans by assets, $58M for 605 participants (~$96,054/participant), up 13.3% in 2024.

#791
in Management of Enterprises (1,133 peers)
+13.3%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust's outsized position by total assets

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust vs every filed plan by assets

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

$58,112,958 Top 14% higher than 86% 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

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust 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. Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust sits mid-pack in the medium band (605 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust reported net income rose from -$30M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust reported participants fell from 1,204 in the plan year 2023 filing to 605 in the plan year 2024 filing.
  • Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust end-of-year assets rose from $51M in the plan year 2023 filing to $58M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 383389446 · Soave Enterprises, LLC PY 2024 · 401(k)

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust · $58M · 605 · 86th

  • NET $58M
  • NET 605
  • NET 86th
  • NET 401(k)
  • NET near Federal Agricultural Mortgage Corporation 401(k) Plan
  • NET ind #791

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 Management of Enterprises retirement plans → · Plans in Michigan →

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust in the asset neighbourhood

Nikola Corporation 401(k) Profit Sharing Plan and TrustNikola Corporation 401(k) Pr…$58MSoave Enterprises L.L.C. Savings and Profit Sharing Plan and TrustSoave Enterprises L.L.C. Sav…$58MFederal Agricultural Mortgage Corporation 401(k) PlanFederal Agricultural Mortgag…$58MHgl-Lbm Holdings, LLC Profit Sharing PlanHgl-Lbm Holdings, LLC Profit…$58MMiles Sand & Gravel Company Retirement PlanMiles Sand & Gravel Company …$58M
End-of-year total assets ($M) among Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$58M
Net Income$7M
Employer EIN383389446
Plan Effective Date1998-01-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Soave Enterprises, LLC)

Sponsor-wide plan assets over time

All Soave Enterprises, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$58M 28.792808525509034% vs 2022
2024 filing year
$40M$50M$60M$70M$80M$90M 202220232024 $81.6M $58.1M ▼ -28.8%
Year Plans Participants Total Assets
2022 1 1,035 $82M
2023 1 1,204 $51M
2024 1 605 $58M

Nearby 401(k) Plans in Michigan

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

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust, Total assets ($B): 0.058112958 · Participants: 605Soave Enterprises L.L.C. Savings and Profit Sharing Plan and TrustGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust vs. nearby 401(k) plans in Michigan, assets vs. participants

Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Federal Agricultural Mortgage Corporation 401(k) Plan in DC ($58M); by covered participants it is R.N. Industries Trucking, Inc. Profit Sharing Plan in UT (605 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (605 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 Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust assets move in 2024?
Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust grew at a solid clip - up 13.3% during 2024, from $51M to $58M. Reported net income was $7M.
How have Soave Enterprises, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Soave Enterprises, LLC's sponsor-wide assets declined 28.8%, from $82M to $58M.
Where does Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust rank by assets among Form 5500 filers?
Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust ranks in the 86th 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 Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust?
Among 401(k) plans in other states, the closest by assets is Federal Agricultural Mortgage Corporation 401(k) Plan in DC ($58M, 192 participants).
Which 401(k) plans cover a similar participant headcount to Soave Enterprises L.L.C. Savings and Profit Sharing Plan and Trust?
Among 401(k) plans in other states, the closest by covered participants is R.N. Industries Trucking, Inc. Profit Sharing Plan in UT (605 participants, $4M in assets).