Civic Intelligence

Sorensen Brothers Inc.

Plan context: Sorensen Brothers Inc. 401(K) Profit Sharing Plan

EIN 41-0657698 • Albert Lea, MN • 17 filings • 5 plans

2046 Sorensen RoadAlbert Lea, MN 56007
Current Snapshot

Latest Year

2016

2016 Participants

35

2016 Assets

$2,580,764

2016 Contributions

$24,011

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,232,981$1,616,491$0200020082015YearValue
$2,580,764Latest year 2015

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

72360200020082015YearValue
35Latest year 2015

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
201610$0$0-
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-0$0--
2015135$2,580,764$24,011$686iApproximate average salary by contribution assumption: employee only about $17,151 at 4% or $11,434 at 6%; with 50% employer match about $11,434 at 4% or $7,623 at 6%; with 100% employer match about $8,575 at 4% or $5,717 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-35$2,580,764$24,011$686iApproximate average salary by contribution assumption: employee only about $17,151 at 4% or $11,434 at 6%; with 50% employer match about $11,434 at 4% or $7,623 at 6%; with 100% employer match about $8,575 at 4% or $5,717 at 6%.
2014114$3,232,981$58,764$4,197iApproximate average salary by contribution assumption: employee only about $104,936 at 4% or $69,957 at 6%; with 50% employer match about $69,957 at 4% or $46,638 at 6%; with 100% employer match about $52,468 at 4% or $34,979 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-14$3,232,981$58,764$4,197iApproximate average salary by contribution assumption: employee only about $104,936 at 4% or $69,957 at 6%; with 50% employer match about $69,957 at 4% or $46,638 at 6%; with 100% employer match about $52,468 at 4% or $34,979 at 6%.
2013147$3,211,977$51,381$1,093iApproximate average salary by contribution assumption: employee only about $27,330 at 4% or $18,220 at 6%; with 50% employer match about $18,220 at 4% or $12,147 at 6%; with 100% employer match about $13,665 at 4% or $9,110 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-47$3,211,977$51,381$1,093iApproximate average salary by contribution assumption: employee only about $27,330 at 4% or $18,220 at 6%; with 50% employer match about $18,220 at 4% or $12,147 at 6%; with 100% employer match about $13,665 at 4% or $9,110 at 6%.
2012143$2,733,539$57,960$1,348iApproximate average salary by contribution assumption: employee only about $33,698 at 4% or $22,465 at 6%; with 50% employer match about $22,465 at 4% or $14,977 at 6%; with 100% employer match about $16,849 at 4% or $11,233 at 6%.
SORENSEN BROTHERS, INC. 401(K) PROFIT SHARING PLAN-43$2,733,539$57,960$1,348iApproximate average salary by contribution assumption: employee only about $33,698 at 4% or $22,465 at 6%; with 50% employer match about $22,465 at 4% or $14,977 at 6%; with 100% employer match about $16,849 at 4% or $11,233 at 6%.
2011149$2,780,259$58,420$1,192iApproximate average salary by contribution assumption: employee only about $29,806 at 4% or $19,871 at 6%; with 50% employer match about $19,871 at 4% or $13,247 at 6%; with 100% employer match about $14,903 at 4% or $9,935 at 6%.
SORENSEN BROTHERS, INC. 401(K) PROFIT SHARING PLAN-49$2,780,259$58,420$1,192iApproximate average salary by contribution assumption: employee only about $29,806 at 4% or $19,871 at 6%; with 50% employer match about $19,871 at 4% or $13,247 at 6%; with 100% employer match about $14,903 at 4% or $9,935 at 6%.
2010154$2,990,894$109,890$2,035iApproximate average salary by contribution assumption: employee only about $50,875 at 4% or $33,917 at 6%; with 50% employer match about $33,917 at 4% or $22,611 at 6%; with 100% employer match about $25,438 at 4% or $16,958 at 6%.
SORENSEN BROTHERS, INC. 401(K) PROFIT SHARING PLAN-54$2,990,894$109,890$2,035iApproximate average salary by contribution assumption: employee only about $50,875 at 4% or $33,917 at 6%; with 50% employer match about $33,917 at 4% or $22,611 at 6%; with 100% employer match about $25,438 at 4% or $16,958 at 6%.
2009162$2,977,103$153,921$2,483iApproximate average salary by contribution assumption: employee only about $62,065 at 4% or $41,377 at 6%; with 50% employer match about $41,377 at 4% or $27,584 at 6%; with 100% employer match about $31,032 at 4% or $20,688 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-62$2,977,103$153,921$2,483iApproximate average salary by contribution assumption: employee only about $62,065 at 4% or $41,377 at 6%; with 50% employer match about $41,377 at 4% or $27,584 at 6%; with 100% employer match about $31,032 at 4% or $20,688 at 6%.
2008155$2,981,367$481,203$8,749iApproximate average salary by contribution assumption: employee only about $218,729 at 4% or $145,819 at 6%; with 50% employer match about $145,819 at 4% or $97,213 at 6%; with 100% employer match about $109,364 at 4% or $72,910 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-55$2,981,367$481,203$8,749iApproximate average salary by contribution assumption: employee only about $218,729 at 4% or $145,819 at 6%; with 50% employer match about $145,819 at 4% or $97,213 at 6%; with 100% employer match about $109,364 at 4% or $72,910 at 6%.
2007171$0$0-
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-71---
2006154$2,677,405$415,674$7,698iApproximate average salary by contribution assumption: employee only about $192,442 at 4% or $128,294 at 6%; with 50% employer match about $128,294 at 4% or $85,530 at 6%; with 100% employer match about $96,221 at 4% or $64,147 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-54$2,677,405$415,674$7,698iApproximate average salary by contribution assumption: employee only about $192,442 at 4% or $128,294 at 6%; with 50% employer match about $128,294 at 4% or $85,530 at 6%; with 100% employer match about $96,221 at 4% or $64,147 at 6%.
2005145$2,312,661$312,531$6,945iApproximate average salary by contribution assumption: employee only about $173,628 at 4% or $115,752 at 6%; with 50% employer match about $115,752 at 4% or $77,168 at 6%; with 100% employer match about $86,814 at 4% or $57,876 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-45$2,312,661$312,531$6,945iApproximate average salary by contribution assumption: employee only about $173,628 at 4% or $115,752 at 6%; with 50% employer match about $115,752 at 4% or $77,168 at 6%; with 100% employer match about $86,814 at 4% or $57,876 at 6%.
2004158$2,160,092$303,278$5,229iApproximate average salary by contribution assumption: employee only about $130,723 at 4% or $87,149 at 6%; with 50% employer match about $87,149 at 4% or $58,099 at 6%; with 100% employer match about $65,362 at 4% or $43,574 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-58$2,160,092$303,278$5,229iApproximate average salary by contribution assumption: employee only about $130,723 at 4% or $87,149 at 6%; with 50% employer match about $87,149 at 4% or $58,099 at 6%; with 100% employer match about $65,362 at 4% or $43,574 at 6%.
2003159$1,771,353$327,289$5,547iApproximate average salary by contribution assumption: employee only about $138,682 at 4% or $92,455 at 6%; with 50% employer match about $92,455 at 4% or $61,636 at 6%; with 100% employer match about $69,341 at 4% or $46,227 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-59$1,771,353$327,289$5,547iApproximate average salary by contribution assumption: employee only about $138,682 at 4% or $92,455 at 6%; with 50% employer match about $92,455 at 4% or $61,636 at 6%; with 100% employer match about $69,341 at 4% or $46,227 at 6%.
2002172$1,262,947$262,111$3,640iApproximate average salary by contribution assumption: employee only about $91,011 at 4% or $60,674 at 6%; with 50% employer match about $60,674 at 4% or $40,449 at 6%; with 100% employer match about $45,505 at 4% or $30,337 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-72$1,262,947$262,111$3,640iApproximate average salary by contribution assumption: employee only about $91,011 at 4% or $60,674 at 6%; with 50% employer match about $60,674 at 4% or $40,449 at 6%; with 100% employer match about $45,505 at 4% or $30,337 at 6%.
2001158$1,340,509$239,553$4,130iApproximate average salary by contribution assumption: employee only about $103,256 at 4% or $68,837 at 6%; with 50% employer match about $68,837 at 4% or $45,891 at 6%; with 100% employer match about $51,628 at 4% or $34,419 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-58$1,340,509$239,553$4,130iApproximate average salary by contribution assumption: employee only about $103,256 at 4% or $68,837 at 6%; with 50% employer match about $68,837 at 4% or $45,891 at 6%; with 100% employer match about $51,628 at 4% or $34,419 at 6%.
2000167$2,214,846$252,587$3,770iApproximate average salary by contribution assumption: employee only about $94,249 at 4% or $62,833 at 6%; with 50% employer match about $62,833 at 4% or $41,888 at 6%; with 100% employer match about $47,124 at 4% or $31,416 at 6%.
Sorensen Brothers Inc. 401(K) Profit Sharing Plan-67$2,214,846$252,587$3,770iApproximate average salary by contribution assumption: employee only about $94,249 at 4% or $62,833 at 6%; with 50% employer match about $62,833 at 4% or $41,888 at 6%; with 100% employer match about $47,124 at 4% or $31,416 at 6%.