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 Hardwood Flooring Employee Retirement Plan is a benefit plan reported by Somerset Hardwood Flooring, Inc. under EIN 61-1074211 and plan number 001. The latest loaded filing year is 2023. The filing reports 493 participants and $4,071,835 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,071,835
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,071,835
- Net assets (BOY)
- $4,545,498
Income & contributions
- Employer contributions
- $155,628
- Participant contributions
- $308,887
- Total contributions
- $532,344
- Total income / additions
- $977,770
Expenses & distributions
- Benefits paid
- $1,431,203
- Administrative expenses
- $14,746
- Total expenses
- $1,451,433
- Net increase / (decrease)
- -$473,663