Somerset Trust Company Employee Stock Ownership 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 Employee Stock Ownership Plan is a benefit plan reported by Somerset Trust Company under EIN 25-0807970 and plan number 003. The latest loaded filing year is 2023. The filing reports 515 participants and $7,909,821 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
- 003
- Plan type
- 2
- Location
- Somerset, PA
- Latest filing year
- 2023
- Participants
- 515
- End-of-year plan assets
- $7,909,821
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 515 | H | 20240918101002NAL0001636355001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,909,821
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,909,821
- Net assets (BOY)
- $7,381,686
Income & contributions
- Employer contributions
- $1,018,109
- Total contributions
- $1,018,109
- Total income / additions
- $1,648,416
Expenses & distributions
- Benefits paid
- $1,120,281
- Administrative expenses
- $0
- Total expenses
- $1,120,281
- Net increase / (decrease)
- $528,135
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.