Somerset Trust Company 401(K) Profit Sharing Plan — Form 5500 plan (Somerset Trust Company)
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 Trust Company 401(K) Profit Sharing Plan is a benefit plan reported by Somerset Trust Company under EIN 25-0807970 and plan number 001. The latest loaded filing year is 2023. The filing reports 555 participants and $37,560,853 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Somerset Trust Company
- EIN
- 25-0807970
- Plan number
- 001
- Plan type
- 2
- Location
- Somerset, PA
- Latest filing year
- 2023
- Participants
- 555
- End-of-year plan assets
- $37,560,853
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 555 | H, C | 20240918100855NAL0002464067001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $37,560,853
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,560,853
- Net assets (BOY)
- $35,667,541
Income & contributions
- Employer contributions
- $614,712
- Participant contributions
- $1,737,087
- Total contributions
- $5,294,916
- Total income / additions
- $8,725,973
Expenses & distributions
- Benefits paid
- $6,832,661
- Administrative expenses
- $0
- Total expenses
- $6,832,661
- Net increase / (decrease)
- $1,893,312
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cbiz Investment Advisory Services | INVEST ADVISORY | $0 | $3,079 | 2023 |
| Capital Group Retirement Plan Serv | RECORDKEEPER | $1,500 | $0 | 2023 |