Somfy Systems, Inc.401(k)
SOMFY SYSTEMS, INC. EMPLOYEES PROFIT SHARING PLAN · DAYTON, NJ · plan year 2024
Somfy Systems, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $40,909,184 across 160 participant accounts, with employer contributions averaging $9,125 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 656th-largest of 2,419 plans among New Jersey employers on file, and the 3,616th of 13,661 in manufacturing. In 2024, employees put in $1.10 for every $1.00 the employer contributed; active participation has grown from 122 to 146 since 2022.
Somfy Systems, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 222182262 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.