ESOP · DOL Form 5500 · 2022

Somerset Tire Service, Inc. ESOP

Data updated 2026-08-25

$34K
Total assets Small plan by assets
607
Participants Below avg headcount
3rd
Percentile by assets National rank
$56
Avg per participant Low balance/head
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Official DOL plan name: Somerset Tire Service Employee Stock Ownership Plan · Sponsored by Somerset Tire Service, Inc. · New Jersey · Other Services

$34K in assets, 607 participants

Somerset Tire Service, Inc.'s Somerset Tire Service Employee Stock Ownership Plan reported $34K in total assets and 607 participants in its 2022 DOL Form 5500 filing, ranking in the 3rd 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.

  • #458 in Other Services (8,398 peers)

Somerset Tire Service, Inc. multi-year trail

Somerset Tire Service, Inc.'s plans moved +50.7% in assets from 2022 to 2024; this filing shows Somerset Tire Service Employee Stock Ownership Plan at $34K / 607 participants.

#458
in Other Services (8,398 peers)
-98.1%
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 Tire Service Employee Stock Ownership Plan among the smaller filed plans by assets

Somerset Tire Service Employee Stock Ownership Plan vs every filed plan by assets

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

$34,096 3rd percentile higher than 3% 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 Tire Service Employee Stock Ownership 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 Tire Service Employee Stock Ownership Plan sits mid-pack in the medium band (607 participants).

Published 5500 schedule card

Filing strip 221617798 · Somerset Tire Service, Inc. PY 2022 · ESOP

Somerset Tire Service Employee Stock Ownership Plan · $34K · 607 · 3rd

  • VS-ST $34K
  • VS-ST 607
  • VS-ST 3rd
  • VS-ST ESOP
  • VS-ST near The Phelps Group Employee Stock Ownership Plan
  • VS-ST ind #458

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 What is an ESOP? → · Plans in New Jersey →

Somerset Tire Service Employee Stock Ownership Plan in the asset neighbourhood

Somerset Tire Service Employee Stock Ownership PlanSomerset Tire Service Employ…$34KThe Phelps Group Employee Stock Ownership PlanThe Phelps Group Employee St…$34KSturm Heating, Inc. Employee Stock Ownership PlanSturm Heating, Inc. Employee…$34KDrobs, Inc. Employee Stock Ownership PlanDrobs, Inc. Employee Stock O…$33KDiego Springs Holdings, Inc. Employee Stock Ownership and Profit Sharing PlanDiego Springs Holdings, Inc.…$33K
End-of-year total assets ($M) among Somerset Tire Service Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Somerset Tire Service, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Somerset Tire Service, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$51K 50.66283435007038% vs 2022
2024 filing year
$0M$0.1M$0.2M$0.3M$0.4M 202220232024 $0.03M $0.05M ▲ +66.7%
Year Plans Participants Total Assets
2022 1 607 $34K
2023 1 N/A $306K
2024 1 N/A $51K

Somerset Tire Service, Inc. filing trail (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$34K
Net Income-$2M
Employer EIN221617798
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in New Jersey

Peer ESOP plans, same state, same plan type, ranked by total assets.

Somerset Tire Service Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 010002000300040005000 -2000200400600 Total assets ($M) Participants Somerset Tire Service Employee Stock Ownership Plan, Total assets ($M): 0.034096 · Participants: 607Somerset Tire Service Employee Stock Ownership PlanJohnson and Johnson Retirement Savings Plan, Total assets ($M): 511.419208 · Participants: 3858Johnson and Johnson Retirement Savings PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 375.8 · Participants: 1111Okonite Company Employees Stock Ownership PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 303.370516 · Participants: 1383Mathematica Group Holding Inc. Employee Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 298.596718 · Participants: 1131Conair LLC Savings and Investment PlanInvestors Bank Amended and Restated Employee Stock Ownership Plan, Total assets ($M): 126.859258 · Participants: 1287Investors Bank Amended and Restated Employee Stock Ownership Plan
Somerset Tire Service Employee Stock Ownership Plan vs. nearby ESOP plans in New Jersey, assets vs. participants
Compare Somerset Tire Service Employee Stock Ownership Plan side-by-side with 3 peers →

Somerset Tire Service Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside New Jersey, the nearest ESOP by assets is The Phelps Group Employee Stock Ownership Plan in CA ($34K); by covered participants it is Tecnico Corporation Employee Stock Ownership Plan in VA (608 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (607 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 Tire Service Employee Stock Ownership Plan assets move in 2022? ▼
Somerset Tire Service Employee Stock Ownership Plan contracted severely - down 98.1% during 2022, from $2M to $34K. Reported net income was -$2M.
How have Somerset Tire Service, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Somerset Tire Service, Inc.'s sponsor-wide assets grew 50.7%, from $34K to $51K.
Where does Somerset Tire Service Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Somerset Tire Service Employee Stock Ownership Plan ranks in the 3rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which ESOP plans are similar in size to Somerset Tire Service Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is The Phelps Group Employee Stock Ownership Plan in CA ($34K, N/A participants).
Which ESOP plans cover a similar participant headcount to Somerset Tire Service Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Tecnico Corporation Employee Stock Ownership Plan in VA (608 participants, $83M 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 221617798.

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.