Defined Benefit (Pension) · DOL Form 5500 · 2022

Somerset Trust Company Pension Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
188
Participants Below avg headcount
73rd
Percentile by assets National rank
$83,411
Avg per participant Below avg balance/head
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Official DOL plan name: Somerset Trust Company Defined Benefit Pension Plan · Sponsored by Somerset Trust Company · Pennsylvania · Finance & Insurance

$16M in assets, 188 participants

Somerset Trust Company's Somerset Trust Company Defined Benefit Pension Plan reported $16M in total assets and 188 participants in its 2022 DOL Form 5500 filing, ranking in the 73rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,415 in Finance & Insurance (9,261 peers)

Coverage in Pennsylvania

Somerset Trust Company Defined Benefit Pension Plan covers 188 participants in Pennsylvania, about 23% of the average Pennsylvania filer (state average ~822 per filing). Assets: $16M.

#5,415
in Finance & Insurance (9,261 peers)
-13.6%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Somerset Trust Company Defined Benefit Pension Plan's outsized position by total assets

Somerset Trust Company Defined Benefit Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$15,681,239 Top 27% higher than 73% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Somerset Trust Company Defined Benefit Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Somerset Trust Company Defined Benefit Pension Plan sits mid-pack in the medium band (188 participants).

Plan-year Form 5500 strip

Filing strip 250807970 · Somerset Trust Company PY 2022 · Defined Benefit (Pension)

Somerset Trust Company Defined Benefit Pension Plan · $16M · 188 · 73rd

  • SCH $16M
  • SCH 188
  • SCH 73rd
  • SCH Defined Benefit (Pension)
  • SCH near Cape Radiology Group, P.C. Cash Balance Pension Plan
  • SCH ind #5415

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Pennsylvania →

Somerset Trust Company Defined Benefit Pension Plan in the asset neighbourhood

Postgraduate Center Employees Retirement PlanPostgraduate Center Employee…$16MSomerset Trust Company Defined Benefit Pension PlanSomerset Trust Company Defin…$16MCape Radiology Group, P.C. Cash Balance Pension PlanCape Radiology Group, P.C. C…$16MMississippi Polymers, Inc. Retirement Plan for Bargaining Unit EmployeesMississippi Polymers, Inc. R…$16MDurham Retirement Plan$16M
End-of-year total assets ($M) among Somerset Trust Company Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$16M
Net Income-$2M
Employer EIN250807970
Plan Effective Date1951-03-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Somerset Trust Company)

Sponsor-wide plan assets over time

All Somerset Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$51M 12.450359239444822% vs 2022
2024 filing year
$45M$50M$55M$60M 202220232024 $58.7M $51.4M ▼ -12.4%
Year Plans Participants Total Assets
2022 3 1,100 $59M
2023 3 1,113 $50M
2024 2 963 $51M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Somerset Trust Company Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Somerset Trust Company Defined Benefit Pension Plan, Total assets ($B): 0.015681239 · Participants: 188Somerset Trust Company Defined Benefit Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 10.401485458 · Participants: 27097National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 5.908424468 · Participants: 52395Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.402519 · Participants: 63731The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.359207207 · Participants: 5314Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 4.968344232 · Participants: 8098The Bank of New York Mellon Corporation Pension Plan
Somerset Trust Company Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare Somerset Trust Company Defined Benefit Pension Plan side-by-side with 3 peers →

Somerset Trust Company Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Cape Radiology Group, P.C. Cash Balance Pension Plan in MO ($16M); by covered participants it is Baker Botts L.L.P. Partner Retirement Plan - Plan a in TX (188 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (188 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Somerset Trust Company Defined Benefit Pension Plan assets move in 2022? ▼
Somerset Trust Company Defined Benefit Pension Plan pulled back noticeably - down 13.6% during 2022, from $18M to $16M. Reported net income was -$2M.
How have Somerset Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somerset Trust Company's sponsor-wide assets declined 12.5%, from $59M to $51M.
Which Defined Benefit (Pension) plans are similar in size to Somerset Trust Company Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cape Radiology Group, P.C. Cash Balance Pension Plan in MO ($16M, 96 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Somerset Trust Company Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Baker Botts L.L.P. Partner Retirement Plan - Plan a in TX (188 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 250807970.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.