Defined Benefit (Pension) · DOL Form 5500 · 2023

Somerset Trust Company Pension Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
169
Participants Small participant base
44th
Percentile by assets National rank
$29,529
Avg per participant Low 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

$5M in assets, 169 participants

Somerset Trust Company's Somerset Trust Company Defined Benefit Pension Plan reported $5M in total assets and 169 participants in its 2023 DOL Form 5500 filing, ranking in the 44th 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.

  • #2,792 in Finance & Insurance (8,869 peers)

Coverage in Pennsylvania

Somerset Trust Company Defined Benefit Pension Plan covers 169 participants in Pennsylvania, about 21% of the average Pennsylvania filer (state average ~822 per filing). Assets: $5M.

#2,792
in Finance & Insurance (8,869 peers)
-68.2%
assets change YoY

The plan reported a net loss of $11M 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 mid-pack asset rank among Finance & Insurance and all filers

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

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

$4,990,339 44th percentile higher than 44% 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 Defined Benefit Pension 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 Defined Benefit Pension Plan sits mid-pack in the medium band (169 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Somerset Trust Company Defined Benefit Pension Plan reported net income fell from -$2M in the plan year 2022 filing to -$11M in the plan year 2023 filing.
  • Somerset Trust Company Defined Benefit Pension Plan end-of-year assets fell from $16M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Somerset Trust Company Defined Benefit Pension Plan reported participants fell from 188 in the plan year 2022 filing to 169 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 250807970 · Somerset Trust Company PY 2023 · Defined Benefit (Pension)

Somerset Trust Company Defined Benefit Pension Plan · $5M · 169 · 44th

  • EIN $5M
  • RANK 169
  • PHOTO 44th
  • IND Defined Benefit (Pension)
  • EOY near Jadan Abbassi, M.D., P.a.
  • 5500 ind #2792

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

Kesheng Wu, M.D., Inc. Defined Benefit Pension PlanKesheng Wu, M.D., Inc. Defin…$5MSomerset Trust Company Defined Benefit Pension PlanSomerset Trust Company Defin…$5MJadan Abbassi, M.D., P.a.$5MPension Plan for Affiliates of Peerless Importers Inc.Pension Plan for Affiliates …$5MBunge North America, Inc. Pension Plan for Destrehan Elevator and Oilseed Processing Division EmployeesBunge North America, Inc. Pe…$5M
End-of-year total assets ($M) among Somerset Trust Company Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$5M
Net Income-$11M
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): 0.004990339 · Participants: 169Somerset Trust Company Defined Benefit Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The 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 Jadan Abbassi, M.D., P.a. in NJ ($5M); by covered participants it is Scripps Clinic Medical Group, Inc. Cash Balance Pension Plan in CA (169 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (169 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 Defined Benefit Pension Plan assets move in 2023? ▼
Somerset Trust Company Defined Benefit Pension Plan contracted severely - down 68.2% during 2023, from $16M to $5M. Reported net income was -$11M.
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 Jadan Abbassi, M.D., P.a. in NJ ($5M, 1 participant).
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 Scripps Clinic Medical Group, Inc. Cash Balance Pension Plan in CA (169 participants, N/A 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.