ESOP · DOL Form 5500 · 2023

Somerset Tire Service, Inc. ESOP

Data updated 2026-08-25

$306K
Total assets Small plan by assets
N/A
Participants Small participant base
14th
Percentile by assets National rank
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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

$306K in assets, N/A participants

Somerset Tire Service, Inc.'s Somerset Tire Service Employee Stock Ownership Plan reported $306K in total assets and N/A participants in its 2023 DOL Form 5500 filing, ranking in the 14th 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.

  • #2,379 in Other Services (7,857 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 $306K / N/A participants.

#2,379
in Other Services (7,857 peers)
+796.1%
assets growth YoY

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 2023 · DOL Form 5500

$305,530 14th percentile higher than 14% 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

Filed plans by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Somerset Tire Service Employee Stock Ownership Plan end-of-year assets rose from $34K in the plan year 2022 filing to $306K in the plan year 2023 filing.
  • Somerset Tire Service Employee Stock Ownership Plan reported net income rose from -$2M in the plan year 2022 filing to $271K in the plan year 2023 filing.
  • Somerset Tire Service Employee Stock Ownership Plan reported participants fell from 607 in the plan year 2022 filing to N/A in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 221617798 · Somerset Tire Service, Inc. PY 2023 · ESOP

Somerset Tire Service Employee Stock Ownership Plan · $306K · N/A · 14th

  • PART $306K
  • PART N/A
  • PART 14th
  • PART ESOP
  • PART near Tablescapes, Ltd. Employee Stock Ownership Plan
  • PART ind #2379

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…$306KTablescapes, Ltd. Employee Stock Ownership PlanTablescapes, Ltd. Employee S…$306KEssex County Gas Company Employee Stock OwnershipEssex County Gas Company Emp…$305KCarstin Corp. Employee Stock Ownership PlanCarstin Corp. Employee Stock…$305KDouble Radius, Inc Employee Stock Ownership PlanDouble Radius, Inc Employee …$306K
End-of-year total assets ($M) among Somerset Tire Service Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

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 (2023)

Total Assets (Beginning of Year)$34K
Net Assets (End of Year)$306K
Net Income$271K
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. -5000500100015002000 -1000100200300400500 Total assets ($M) Participants Somerset Tire Service Employee Stock Ownership Plan, Total assets ($M): 0.30553 · Participants: 0Somerset Tire Service Employee Stock Ownership PlanOkonite Company Employees Stock Ownership Plan, Total assets ($M): 420.904787 · Participants: 1127Okonite Company Employees Stock Ownership PlanMathematica Group Holding Inc. Employee Stock Ownership Plan, Total assets ($M): 309.109417 · Participants: 1571Mathematica Group Holding Inc. Employee Stock Ownership PlanConair LLC Savings and Investment Plan, Total assets ($M): 300.696739 · Participants: 1050Conair LLC Savings and Investment PlanAmboy Bancorporation Employee Stock Ownership Plan, Total assets ($M): 106.542135 · Participants: 193Amboy Bancorporation Employee Stock Ownership PlanColumbia Bank Employee Stock Ownership Plan, Total assets ($M): 85.571031 · Participants: 729Columbia Bank 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 closest out-of-state ESOP peers by assets

Outside New Jersey, the nearest ESOP by end-of-year assets is Tablescapes, Ltd. Employee Stock Ownership Plan in IL at $306K (this filing: $306K).

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 Tire Service Employee Stock Ownership Plan assets move in 2023? ▼
Somerset Tire Service Employee Stock Ownership Plan surged - up 796.1% during 2023, from $34K to $306K. Reported net income was $271K.
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 14th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Tablescapes, Ltd. Employee Stock Ownership Plan in IL ($306K, 51 participants).

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 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.