# Somat Engineering, INC. 401(k) Plan
Source: https://planprovider.pro/companies/somat-engineering-inc-401k-plan

> Somat Engineering, INC.'s 401(k) plan: 125 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Somat Engineering, INC.

- **Sponsor EIN:** 382639838

- **Sponsor Address:** 500 WOODWARD AVENUE, DETROIT, MI, 48226

- **Plan Type:** 401(k)

- **Total Participants:** 125

- **Total Assets:** $12.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|125|$12.7M|$361,827|$711,648|

| 2023|117|$11.2M|$457,596|$653,766|

| 2022|76|$8.7M|$189,454|$529,106|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| WIPFLI LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WIPFLI LLP](https://planprovider.pro/provider/wipfli-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$24,462|$22,377|—|—|—|

| 2023|$300,585|—|$1,698|—|—|

| 2022|$682,967|—|$1,592|—|—|

## Similar Plans

- [Utac Us INC.](https://planprovider.pro/companies/utac-us-inc-401k-plan) — 130 participants

- [Ghesquiere Plastic Testing, INC.](https://planprovider.pro/companies/ghesquiere-plastic-testing-inc-plan) — 7 participants

- [Van Laan Industries, INC.](https://planprovider.pro/companies/van-laan-industries-inc-plan) — 4 participants

- [Kantola Services, INC.](https://planprovider.pro/companies/kantola-services-inc-401k-plan) — 3 participants

- [Trialon Corporation](https://planprovider.pro/companies/trialon-corporation-401k-plan) — 308 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/somat-engineering-inc-401k-plan)

© 2026 PlanProvider.Pro