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SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT 401k Plan overview

Plan NameSORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT
Plan identification number 004

SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SORENSON ENGINEERING, INC. has sponsored the creation of one or more 401k plans.

Company Name:SORENSON ENGINEERING, INC.
Employer identification number (EIN):952104584
NAIC Classification:332700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-09-01PATRICIA ORTEGA2024-06-14
0042021-09-01PATRICIA ORTEGA2023-06-13

Plan Statistics for SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT

401k plan membership statisitcs for SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT

Measure Date Value
2025: SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT 2025 401k membership
Total number of particpants at beginning of year2025-06-1382
Total number of particpants at end of year2025-06-1392
Number of Participants With Account Balances2025-06-1371

Financial Data on SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT

Measure Date Value
2025 : SORENSON ENGINEERING, INC. PROFIT SHARING AND 401(K) PLAN FOR ENGINEERING AND MANAGEMENT 2025 401k financial data
Total liabilities as of the end of the plan year2025-06-130
Total liabilities as of the beginning of the plan year2025-06-130
Total expenses incurred by plan in this plan year2025-06-13242850
Net assets as of the end of the plan year2025-06-136500168
Total assets as of the beginning of the plan year2025-06-134745000
Value of plan covered by a fidelity bond2025-06-13500000
Participant contributions to plan in this plan year2025-06-13686373
Value of participant loans at end of plan year2025-06-1389632
Other contributions to plan in this plan year2025-06-1310316
Other income to plan in this plan year2025-06-131040996
Plan net income in this plan year2025-06-131755168
Net assets as of the end of the plan year2025-06-136500168
Net assets as of the beginning of the plan year2025-06-134745000
Employer contributions to plan in this plan year2025-06-13260333
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-134647

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