Sohn Linen Service retirement plan: assets, participants and fees
What Sohn Linen Service's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Clark Schaefer Hackett (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,561 defined-contribution plans in other services with 100 to 499 participants.
| Sohn Linen Service: employer contribution per participant | $4,770 | |
| Peer median | $1,803 |
| Sohn Linen Service: average balance | $73,431 | |
| Peer median | $48,934 |
| Sohn Linen Service: admin expenses ÷ assets | 0.35% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $7.5M at the end of plan year 2021 to $10.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 175 | $10.2M | $663K | $4,770 | 0.35% | Not published | Form 5500 ↗ |
| 2023 | 157 | $10.6M | $593K | $3,853 | 0.33% | Not published | Form 5500 ↗ |
| 2022 | 175 | $8.6M | $529K | $3,649 | 0.34% | Not published | Form 5500 ↗ |
| 2021 | 151 | $7.5M | $478K | $3,365 | 0.36% | Not published | Form 5500 ↗ |
Common questions
Does Sohn Linen Service match 401(k) contributions?
The match terms for the Sohn Linen Service Employees Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $663K in employer contributions, about $4,770 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sohn Linen Service 401(k) match vested?
The vesting schedule for the Sohn Linen Service Employees Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sohn Linen Service 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Sohn Linen Service.
I left Sohn Linen Service. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sohn Linen Service, (517) 482-0631) or the recordkeeper, Newport Group, Inc.. The Sohn Linen Service old 401(k) page lists the contacts from every plan filing. Find an old Sohn Linen Service 401(k)
Data from the public Form 5500 annual reports Sohn Linen Service filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Sohn Linen Service. Not financial advice. Report a correction · Methodology