Sorenson Communications 401(k) match, vesting and fees
What Sorenson Communications' 401(k) 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 | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Hbme, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 135 defined-contribution plans in professional, scientific, and technical services with 5,000 to 9,999 participants.
| Sorenson Communications: employer contribution per participant | $1,732 | |
| Peer median | $2,490 |
| Sorenson Communications: average balance | $37,225 | |
| Peer median | $122,161 |
| Sorenson Communications: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.05% |
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 $285M at the end of plan year 2021 to $317M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 8,819 | $317M | $14.7M | $1,732 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 9,759 | $275M | $13.2M | $1,411 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 13,732 | $241M | $7.7M | $587 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 16,869 | $285M | $7.4M | $471 | 0.04% | Not published | Form 5500 ↗ |
Other Sorenson Communications plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Sorenson Communications LLC 1081.01(D) Puerto Rico Profit Sharing Plan
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.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Sorenson Communications match 401(k) contributions?
The match terms for the Sorenson Communications, Llc. 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $14.7M in employer contributions, about $1,732 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sorenson Communications 401(k) match vested?
The vesting schedule for the Sorenson Communications, Llc. 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sorenson Communications 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Sorenson Communications Llc..
I left Sorenson Communications. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sorenson Communications Llc., (801) 263-5424) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Sorenson Communications old 401(k) page lists the contacts from every plan filing. Find an old Sorenson Communications 401(k)
Data from the public Form 5500 annual reports Sorenson Communications 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 Sorenson Communications. Not financial advice. Report a correction · Methodology