Sobran Inc 401(k) Plan: Login, Facts & Contact Information

Sobran Inc 401(k) Plan Facts

Plan name
SOBRAN INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SOBRAN INC
Participants
260 (135 active employees)
Former employees with a balance
84
Plan assets
$6,415,071 at Dec 31, 2022
Average account balance
$49,347 across 130 accounts
Employer contributions
$77,942 in plan year 2022 (30% of all contributions)
Recordkeeper
John Hancock Retirement Plan Srvcs
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Feb 1, 1998
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Aug 17, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $264,200 went into the plan in contributions, $77,942 of it from the employer (30%).
  • $782,195 was paid out to participants.
  • Administrative expenses were $35,762, about $275 per account.

How the Sobran Inc 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017684$11.4 million$319,078$1.53 million
2018705$10.1 million$310,657$1.96 million
2019489$10.0 million$215,917$2.56 million
2020406$8.36 million$100,579$2.96 million
2021278$8.28 million$44,354$1.20 million
2022260$6.42 million$77,942$782,195

Sobran Inc 401(k) Contact Information

Phone
937-426-0696
Mailing address
4401 DAYTON XENIA ROAD, DAYTON OH 454321805
Plan sponsor
SOBRAN INC
Employer identification number (EIN)
31-1224272
Plan number
002

Questions about the Sobran Inc 401(k)

Does Sobran Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $77,942, 30% of all contributions.

Does the Sobran Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Sobran Inc 401(k) plan?

260 participants at the start of plan year 2022, 135 of them active employees, and 84 former employees who still had money in the plan.

What is the average 401(k) balance at Sobran Inc?

About $49,347 per account: $6.42 million in plan assets across 130 accounts with a balance at the end of plan year 2022.

Who manages the Sobran Inc 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK RETIREMENT PLAN SRVCS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sobran Inc. How do I access my 401(k)?

Your account stays with John Hancock after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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