Plain-English plan 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, Somerset Capital Group, Ltd 401(K) Plan is a benefit plan reported by Somerset Capital Group, Ltd under EIN 06-1458929 and plan number 001. The latest loaded filing year is 2023. The filing reports 146 participants and $19,911,527 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,911,527
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,911,527
- Net assets (BOY)
- $16,248,508
Income & contributions
- Employer contributions
- $344,839
- Participant contributions
- $1,200,847
- Total contributions
- $1,563,247
- Total income / additions
- $4,312,721
Expenses & distributions
- Benefits paid
- $613,731
- Administrative expenses
- $35,971
- Total expenses
- $649,702
- Net increase / (decrease)
- $3,663,019