Sobran Inc. 401(k) Profit Sharing Plan
Sobran Inc, Dayton OH. Employer ID 311224272, plan number 002. Annual reports on file for 2009 to 2022.
Where the money went
- Filed 2009-2022Sobran Inc. 401(k) Profit Sharing Plan, Sobran Inc
- Stopped filingSobran Inc. 401(k) Profit Sharing Plan stopped filing with no final report. It may be abandoned; see the places to ask below.
Records are kept by John Hancock Retirement Plan Srvcs, per the 2022 filing.
Left in 2018, 2022? You may be owed employer money
- In plan year 2018, active participants fell from 623 to 388 (38%), and 250 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
- In plan year 2022, 35 people (22% of active participants) left before they were fully vested. Turnover that high can count as a partial plan termination (Revenue Ruling 2007-43), which requires full vesting of employer money for those who left. The plan may argue it was routine turnover. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2022: The plan stopped filing without a final return and without a recorded successor. It may have been abandoned.
People in the plan
"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Separated, still owed | Source |
|---|---|---|---|
| 2011 | 699 | 39 | Filing |
| 2012 | 805 | 45 | Filing |
| 2013 | 785 | 53 | Filing |
| 2014 | 796 | 72 | Filing |
| 2015 | 617 | 81 | Filing |
| 2016 | 684 | 74 | Filing |
| 2017 | 705 | 82 | Filing |
| 2018 | 489 | 100 | Filing |
| 2019 | 406 | 101 | Filing |
| 2020 | 244 | 106 | Filing |
| 2021 | 252 | 94 | Filing |
| 2022 | 220 | 84 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.