401(k) · DOL Form 5500 · 2022

Somerset Cpas, P.C. 401(k) Plan

Data updated 2026-08-25

$53M
Total assets Below avg plan size
233
Participants Below avg headcount
89th
Percentile by assets National rank
$229,611
Avg per participant Above avg balance/head
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Official DOL plan name: Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan · Sponsored by Somerset Cpas, P.C. · Indiana · Professional & Technical Services

$53M in assets, 233 participants

Somerset Cpas, P.C.'s Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan reported $53M in total assets and 233 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.

  • #19,327 in Professional & Technical Services (21,562 peers)

Coverage in Indiana

Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan covers 233 participants in Indiana, about 43% of the average Indiana filer (state average ~541 per filing). Assets: $53M.

#19,327
in Professional & Technical Services (21,562 peers)
-12.8%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan's outsized position by total assets

Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan vs every filed plan by assets

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

$53,499,267 Top 11% higher than 89% 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 Cpas, P.C. Profit Sharing and 401(k) Savings 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 Cpas, P.C. Profit Sharing and 401(k) Savings Plan sits mid-pack in the medium band (233 participants).

DOL schedule card

Filing strip 201717681 · Somerset Cpas, P.C. PY 2022 · 401(k)

Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan · $53M · 233 · 89th

  • ASSETS $53M
  • ASSETS 233
  • ASSETS 89th
  • ASSETS 401(k)
  • ASSETS near Busch Consolidated, Inc. Retirement Savings Plan & Trust
  • ASSETS ind #19327

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 Professional & Technical Services retirement plans → · Plans in Indiana →

Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan in the asset neighbourhood

Polymer Enterprises, Inc. Retirement Savings PlanPolymer Enterprises, Inc. Re…$54MSomerset Cpas, P.C. Profit Sharing and 401(k) Savings PlanSomerset Cpas, P.C. Profit S…$53MBusch Consolidated, Inc. Retirement Savings Plan & TrustBusch Consolidated, Inc. Ret…$53MHantz Group Retirement Savings PlanHantz Group Retirement Savin…$53MCec Entertainment 401(k) Retirement & Savings PlanCec Entertainment 401(k) Ret…$53M
End-of-year total assets ($M) among Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Indiana filing particulars

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$53M
Net Income-$8M
Employer EIN201717681
Plan Effective Date1981-09-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Somerset Cpas, P.C.)

Sponsor-wide plan assets over time

All Somerset Cpas, P.C. plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2023 filing year
$0M$20M$40M$60M 20222023 $53.5M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 233 $53M
2023 1 262 N/A

Nearby 401(k) Plans in Indiana

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510 Total assets ($B) Participants Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan, Total assets ($B): 0.053499267 · Participants: 233Somerset Cpas, P.C. Profit Sharing and 401(k) Savings PlanElevance Health 401(k) Plan, Total assets ($B): 9.467911456 · Participants: 71898Elevance Health 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 8.875255354 · Participants: 15607The Lilly Employee 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 4.386787904 · Participants: 23710Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.245347601 · Participants: 39243Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.020286876 · Participants: 8632Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan side-by-side with 3 peers →

Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Busch Consolidated, Inc. Retirement Savings Plan & Trust in VA ($53M); by covered participants it is Earth Friendly Products 401(k) Plan in IL (233 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (233 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 Cpas, P.C. Profit Sharing and 401(k) Savings Plan assets move in 2022? ▼
Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan pulled back noticeably - down 12.8% during 2022, from $61M to $53M. Reported net income was -$8M.
Where does Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan ranks in the 89th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Busch Consolidated, Inc. Retirement Savings Plan & Trust in VA ($53M, 407 participants).
Which 401(k) plans cover a similar participant headcount to Somerset Cpas, P.C. Profit Sharing and 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Earth Friendly Products 401(k) Plan in IL (233 participants, $5M 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 201717681.

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.