ESOP · DOL Form 5500 · 2024

Somerset Trust Company ESOP

Data updated 2026-08-25

$9M
Total assets Small plan by assets
483
Participants Below avg headcount
54th
Percentile by assets National rank
$19,376
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

$9M in assets, 483 participants

Somerset Trust Company's Somerset Trust Company Employee Stock Ownership Plan reported $9M in total assets and 483 participants in its 2024 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.

  • #3,273 in Finance & Insurance (8,549 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 $9M / 483 participants.

#3,273
in Finance & Insurance (8,549 peers)
+18.3%
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 2024 · DOL Form 5500

$9,358,722 Top 46% higher than 54% of 123,620 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 2024

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

Plan-year 2024 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 (483 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Somerset Trust Company Employee Stock Ownership Plan reported net income rose from $528K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Somerset Trust Company Employee Stock Ownership Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Somerset Trust Company Employee Stock Ownership Plan reported participants rose from 472 in the plan year 2023 filing to 483 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 250807970 · Somerset Trust Company PY 2024 · ESOP

Somerset Trust Company Employee Stock Ownership Plan · $9M · 483 · 54th

  • NET $9M
  • NET 483
  • NET 54th
  • NET ESOP
  • NET near Design Mechanical, Inc. Employee Stock Ownership Plan
  • NET ind #3273

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

Alvest S.a.S Employee Stock Ownership PlanAlvest S.a.S Employee Stock …$9MSouthern Fire Protection of Orlando, Inc. Employee Stock Ownership PlanSouthern Fire Protection of …$9MSomerset Trust Company Employee Stock Ownership PlanSomerset Trust Company Emplo…$9MDesign Mechanical, Inc. Employee Stock Ownership PlanDesign Mechanical, Inc. Empl…$9MSunwest Supply, Inc. Employee Stock Ownership PlanSunwest Supply, Inc. Employe…$9M
End-of-year total assets ($M) among Somerset Trust Company Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$1M
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. -10000010000200003000040000 -20246 Total assets ($B) Participants Somerset Trust Company Employee Stock Ownership Plan, Total assets ($B): 0.009358722 · Participants: 483Somerset Trust Company Employee Stock Ownership PlanWawa, Inc. Employee Stock Ownership Plan, Total assets ($B): 5.530536956 · Participants: 37745Wawa, Inc. Employee Stock Ownership PlanBradford White Corporation Employee Stock Ownership Plan and Trust Agreement, Total assets ($B): 1.796343385 · Participants: 544Bradford White Corporation Employee Stock Ownership Plan and Trust AgreementSheetz, Inc. Employee Stock Ownership Plan, Total assets ($B): 0.721026406 · Participants: 14939Sheetz, Inc. Employee Stock Ownership PlanCentimark Corporation Employee Stock Ownership Plan and Trust, Total assets ($B): 0.679618162 · Participants: 2444Centimark Corporation Employee Stock Ownership Plan and TrustD & H Employee Stock Ownership Plan, Total assets ($B): 0.313919418 · Participants: 1459D & 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 Design Mechanical, Inc. Employee Stock Ownership Plan in KS ($9M); by covered participants it is Hyspan Precision Products, Inc. Employee Stock Ownership Plan in CA (482 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (483 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Somerset Trust Company Employee Stock Ownership Plan grew sharply - up 18.3% during 2024, from $8M to $9M. Reported net income was $1M.
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 Design Mechanical, Inc. Employee Stock Ownership Plan in KS ($9M, 46 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 Hyspan Precision Products, Inc. Employee Stock Ownership Plan in CA (482 participants, $13M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.