Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Somero Enterprises
Somero Enterprises 401(k)
- Manufacturing
- Fort Myers, FL
- EIN 20-3225968
- 1 plan with Schedule H financials
- Plan year 2024
- Somero Enterprises Inc
- SEC registrant Somero Enterprises, Inc.
Administrative expenses excluding investment management, per participant · Somero Enterprises Inc 401(k) Profit Sharing Plan and Trust · plan year 2024
$33.26
Higher than 20% of the 24,371 plans $10 to 50M that report it.
Source
= $6,519 / 196
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929105453NAL0012086944001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929105453NAL0012086944001, received 2025-09-29
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-29.
Cost and contributions
Administrative expenses per participant
$33.26
Higher than 12% of the 25,098 plans $10 to 50M that report it.
Source
= $6,519 / 196
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929105453NAL0012086944001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929105453NAL0012086944001, received 2025-09-29
Administrative expenses as a share of assets
0.027%
Higher than 8% of the 25,132 plans $10 to 50M that report it.
Source
= $6,519 / $23,966,597
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929105453NAL0012086944001, received 2025-09-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929105453NAL0012086944001, received 2025-09-29
Employer contributions per participant
$4,997
Higher than 91% of the 24,050 plans $10 to 50M that report it.
Source
= $979,486 / 196
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929105453NAL0012086944001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929105453NAL0012086944001, received 2025-09-29
Employer share of total contributions
40.1%
Higher than 84% of the 24,084 plans $10 to 50M that report it.
Source
= $979,486 / $2,444,724
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929105453NAL0012086944001, received 2025-09-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929105453NAL0012086944001, received 2025-09-29
Plan terms, as stated in Somero Enterprises Inc's SEC filings
Plan terms are not published in public filings.
Plan features
2S pre-approved plan document · 2E profit-sharing · 3D IRS pre-approved plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2F ERISA 404(c) plan · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250929105453NAL0012086944001, received 2025-09-29
Full record, Somero Enterprises Inc 401(k) Profit Sharing Plan and Trust
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOMERO ENTERPRISES INC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Plan name | SOMERO ENTERPRISES INC 401(K) PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Sponsor EIN / plan number | 20-3225968 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Sponsor location | FORT MYERS, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Industry (business code) | 339900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Filing received | 2025-09-29 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Participants, beginning of year | 221 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Active participants | 147 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Participants, end of year | 198 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Participants with an account balance | 196 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Total assets, beginning of year | $21,501,273 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Total assets, end of year | $23,966,597 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Net assets, end of year | $23,966,597 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Total income | $5,267,547 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Net income | $2,465,324 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Employer contributions | $979,486 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Participant contributions | $1,360,986 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Other contributions (incl. rollovers) | $104,252 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Total contributions | $2,444,724 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Benefit payments | $2,795,704 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Total expenses (incl. benefit payments) | $2,802,223 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Total administrative expenses | $6,519 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Contract administrator fees | $6,519 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Administrative expenses excluding investment management | $6,519 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Held in common/collective trusts | $533,293 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Held in mutual funds | $23,123,178 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250929105453NAL0012086944001, received 2025-09-29 |
| Independent auditor | ANDERS MINKLER HUBER & HELM LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250929105453NAL0012086944001, received 2025-09-29 |
Position = column in the DOL layout for form year 2024. Filing 20250929105453NAL0012086944001, received 2025-09-29.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC.recordkeeper | NONE | 37 Participant loan processing; 15 Recordkeeping and information management; 64 Recordkeeping fees; 99 Other fees; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 68 Soft dollars commissions | $6,519 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250929105453NAL0012086944001, received 2025-09-29.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $21,501,273 | $23,966,597 | 11.5% |
| Participants with a balance | 217 | 196 | -9.7% |
| Administrative expenses | $20,170 | $6,519 | -67.7% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,006,933 | $979,486 | -2.7% |
Prior filing 20240816102510NAL0024411024001, received 2024-08-16; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: SOMERO ENTERPRISES INC; SEC registrant: SOMERO ENTERPRISES, INC. (CIK 1467570, matched by EIN).