Somerset Engineering 401k Plan — Form 5500 plan (Somerset Planning & Engineering LLC Dba Somerset Engineering)
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 Engineering 401k Plan is a benefit plan reported by Somerset Planning & Engineering LLC Dba Somerset Engineering under EIN 16-1670860 and plan number 001. The latest loaded filing year is 2023. The filing reports 469 participants and $43,397,647 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Somerset Planning & Engineering LLC Dba Somerset Engineering
- EIN
- 16-1670860
- Plan number
- 001
- Plan type
- 2
- Location
- Somerset, PA
- Latest filing year
- 2023
- Participants
- 469
- End-of-year plan assets
- $43,397,647
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 469 | H, C | 20241011214930NAL0038384032001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $43,397,647
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,397,647
- Net assets (BOY)
- $38,217,788
Income & contributions
- Employer contributions
- $529,976
- Participant contributions
- $1,659,841
- Total contributions
- $2,215,443
- Total income / additions
- $8,755,995
Expenses & distributions
- Benefits paid
- $3,546,970
- Administrative expenses
- $29,166
- Total expenses
- $3,576,136
- Net increase / (decrease)
- $5,179,859
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Metro Benefits, Inc. | CONTRACT ADMIN | $21,004 | $0 | 2023 |
| Herbein & Co. Inc | OTHER | $5,900 | $0 | 2023 |
| Capital Group Retirement Plan Svcs | RECORDKEEPER | $2,263 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Somerset Planning & Engineering LLC Dba Somerset Engineering
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Somerset, PA
- Metro Benefits, Inc. — Schedule C compensation
- Herbein & Co. Inc — Schedule C compensation
- Capital Group Retirement Plan Svcs — Schedule C compensation