ESOP · DOL Form 5500 · 2023

Somerset Trust Company ESOP

Data updated 2026-08-25

$8M
Total assets Small plan by assets
472
Participants Below avg headcount
54th
Percentile by assets National rank
$16,758
Avg per participant Low balance/head
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Official DOL plan name: Somerset Trust Company Employee Stock Ownership Plan · Sponsored by Somerset Trust Company · Pennsylvania · Finance & Insurance

$8M in assets, 472 participants

Somerset Trust Company's Somerset Trust Company Employee Stock Ownership Plan reported $8M in total assets and 472 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #3,423 in Finance & Insurance (8,869 peers)

Somerset Trust Company multi-year trail

Somerset Trust Company's plans moved -12.5% in assets from 2022 to 2024; this filing shows Somerset Trust Company Employee Stock Ownership Plan at $8M / 472 participants.

#3,423
in Finance & Insurance (8,869 peers)
+7.2%
assets growth YoY

Somerset Trust Company Employee Stock Ownership Plan's mid-pack asset rank among Finance & Insurance and all filers

Somerset Trust Company Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$7,909,821 Top 46% higher than 54% of 127,068 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 2023

Somerset Trust Company Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Somerset Trust Company Employee Stock Ownership Plan sits mid-pack in the medium band (472 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Somerset Trust Company Employee Stock Ownership Plan reported net income rose from -$410K in the plan year 2022 filing to $528K in the plan year 2023 filing.
  • Somerset Trust Company Employee Stock Ownership Plan end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Somerset Trust Company Employee Stock Ownership Plan reported participants rose from 459 in the plan year 2022 filing to 472 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 250807970 · Somerset Trust Company PY 2023 · ESOP

Somerset Trust Company Employee Stock Ownership Plan · $8M · 472 · 54th

  • BOOK $8M
  • BOOK 472
  • BOOK 54th
  • BOOK ESOP
  • BOOK near Clean Scapes Employee Stock Ownership Plan
  • BOOK ind #3423

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 Pennsylvania →

Somerset Trust Company Employee Stock Ownership Plan in the asset neighbourhood

Corporate Press, Inc. Employee Stock Ownership and Profit Sharing PlanCorporate Press, Inc. Employ…$8MSomerset Trust Company Employee Stock Ownership PlanSomerset Trust Company Emplo…$8MClean Scapes Employee Stock Ownership PlanClean Scapes Employee Stock …$8MVan's Aircraft, Inc. Employee Stock Ownership PlanVan's Aircraft, Inc. Employe…$8MFlo-Mac Employee Stock Ownership PlanFlo-Mac Employee Stock Owner…$8M
End-of-year total assets ($M) among Somerset Trust Company Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Somerset Trust Company multi-year asset trail

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

Somerset Trust Company filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$528K
Employer EIN250807970
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Pennsylvania

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

Somerset Trust Company Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -20246 Total assets ($B) Participants Somerset Trust Company Employee Stock Ownership Plan, Total assets ($B): 0.007909821 · Participants: 472Somerset Trust Company Employee Stock Ownership PlanWawa, Inc. Employee Stock Ownership Plan, Total assets ($B): 5.338226537 · Participants: 42695Wawa, Inc. Employee Stock Ownership PlanBradford White Corporation Employee Stock Ownership Plan and Trust Agreement, Total assets ($B): 1.558044827 · Participants: 342Bradford White Corporation Employee Stock Ownership Plan and Trust AgreementCentimark Corporation Employee Stock Ownership Plan and Trust, Total assets ($B): 0.686501046 · Participants: 2353Centimark Corporation Employee Stock Ownership Plan and TrustSheetz, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.686202616 · Participants: 13858Sheetz, Inc. Employee Stock Ownership PlanD & H Employee Stock Ownership Plan, Total assets ($B): 0.288933356 · Participants: 1461D & H Employee Stock Ownership Plan
Somerset Trust Company Employee Stock Ownership Plan vs. nearby ESOP plans in Pennsylvania, assets vs. participants
Compare Somerset Trust Company Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest ESOP by assets is Clean Scapes Employee Stock Ownership Plan in TX ($8M); by covered participants it is Community Bankshares, Inc. Employee Stock Ownership and Trust in GA (472 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (472 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Somerset Trust Company Employee Stock Ownership Plan assets move in 2023? ▼
Somerset Trust Company Employee Stock Ownership Plan grew at a solid clip - up 7.2% during 2023, from $7M to $8M. Reported net income was $528K.
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 ESOP plans are similar in size to Somerset Trust Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Clean Scapes Employee Stock Ownership Plan in TX ($8M, 379 participants).
Which ESOP plans cover a similar participant headcount to Somerset Trust Company Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Community Bankshares, Inc. Employee Stock Ownership and Trust in GA (472 participants, $9K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.