Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Sorenson Communications, LLC. 401(K) Profit Sharing Plan is a benefit plan reported by Sorenson Communications LLC. under EIN 87-0650555 and plan number 001. The latest loaded filing year is 2023. The filing reports 13,732 participants and $275,155,811 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $275,155,811
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $275,155,811
- Net assets (BOY)
- $240,808,108
Income & contributions
- Employer contributions
- $13,152,100
- Participant contributions
- $18,699,637
- Total contributions
- $33,728,692
- Total income / additions
- $71,406,471
Expenses & distributions
- Benefits paid
- $36,891,415
- Administrative expenses
- $148,736
- Total expenses
- $37,058,768
- Net increase / (decrease)
- $34,347,703