2023 Form 5500 filing — Somerset Trust Company 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240918100855NAL0002464067001) for Somerset Trust Company 401(K) Profit Sharing Plan, reported by Somerset Trust Company under EIN 25-0807970 and plan number 001. It reports 555 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240918100855NAL0002464067001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Somerset Trust Company
- EIN
- 25-0807970
- Plan number
- 001
- Location
- Somerset, PA
- Participants
- 555
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $37,560,853
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,560,853
- Employer contributions
- $614,712
- Participant contributions
- $1,737,087
- Total income / additions
- $8,725,973
- Benefits paid
- $6,832,661
- Administrative expenses
- $0
- Total expenses
- $6,832,661
- Net increase / (decrease)
- $1,893,312
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cbiz Investment Advisory Services | INVEST ADVISORY | $0 | $3,079 |
| Capital Group Retirement Plan Serv | RECORDKEEPER | $1,500 | $0 |