2023 Form 5500 filing — Somerset Engineering 401k 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 20241011214930NAL0038384032001) for Somerset Engineering 401k Plan, reported by Somerset Planning & Engineering LLC Dba Somerset Engineering under EIN 16-1670860 and plan number 001. It reports 469 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011214930NAL0038384032001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Somerset Planning & Engineering LLC Dba Somerset Engineering
- EIN
- 16-1670860
- Plan number
- 001
- Location
- Somerset, PA
- Participants
- 469
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $43,397,647
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $43,397,647
- Employer contributions
- $529,976
- Participant contributions
- $1,659,841
- Total income / additions
- $8,755,995
- Benefits paid
- $3,546,970
- Administrative expenses
- $29,166
- Total expenses
- $3,576,136
- Net increase / (decrease)
- $5,179,859
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Metro Benefits, Inc. | CONTRACT ADMIN | $21,004 | $0 |
| Herbein & Co. Inc | OTHER | $5,900 | $0 |
| Capital Group Retirement Plan Svcs | RECORDKEEPER | $2,263 | $0 |