401(k) · DOL Form 5500 · 2024

Somerset Trust Company 401(k) Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
480
Participants Below avg headcount
82nd
Percentile by assets National rank
$87,624
Avg per participant Below avg balance/head
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Official DOL plan name: Somerset Trust Company 401(k) Profit Sharing Plan · Sponsored by Somerset Trust Company · Pennsylvania · Finance & Insurance

$42M in assets, 480 participants

Somerset Trust Company's Somerset Trust Company 401(k) Profit Sharing Plan reported $42M in total assets and 480 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,177 in Finance & Insurance (8,549 peers)

Where Somerset Trust Company 401(k) Profit Sharing Plan sits by assets

Somerset Trust Company 401(k) Profit Sharing Plan sits in the top quartile of all filed plans by assets, $42M for 480 participants (~$87,624/participant), up 12.0% in 2024.

#6,177
in Finance & Insurance (8,549 peers)
+12.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Somerset Trust Company 401(k) Profit Sharing Plan's outsized position by total assets

Somerset Trust Company 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$42,059,590 Top 18% higher than 82% 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 401(k) Profit Sharing 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 401(k) Profit Sharing Plan sits mid-pack in the medium band (480 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Somerset Trust Company 401(k) Profit Sharing Plan reported net income rose from $2M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Somerset Trust Company 401(k) Profit Sharing Plan end-of-year assets rose from $38M in the plan year 2023 filing to $42M in the plan year 2024 filing.
  • Somerset Trust Company 401(k) Profit Sharing Plan reported participants rose from 472 in the plan year 2023 filing to 480 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 250807970 · Somerset Trust Company PY 2024 · 401(k)

Somerset Trust Company 401(k) Profit Sharing Plan · $42M · 480 · 82nd

  • EOY $42M
  • 5500 480
  • ASSETS 82nd
  • PCT 401(k)
  • EIN near G2o 401(k) Savings Plan
  • RANK ind #6177

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 401(k) Profit Sharing Plan in the asset neighbourhood

Somerset Trust Company 401(k) Profit Sharing PlanSomerset Trust Company 401(k…$42MG2o 401(k) Savings Plan$42MChampions Group 401(k) Plan$42MLogs Legal Network 401(k) PlanLogs Legal Network 401(k) Pl…$42MCorus Orthodontists LLC 401(k) PlanCorus Orthodontists LLC 401(…$42M
End-of-year total assets ($M) among Somerset Trust Company 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$42M
Net Income$4M
Employer EIN250807970
Plan Effective Date1971-01-01
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 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Somerset Trust Company 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Somerset Trust Company 401(k) Profit Sharing Plan, Total assets ($B): 0.04205959 · Participants: 480Somerset Trust Company 401(k) Profit Sharing PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 19.687957793 · Participants: 90495Comcast Corporation Retirement - Investment PlanThe Cigna Group 401(k) Plan, Total assets ($B): 14.20308608 · Participants: 63634The Cigna Group 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 11.084818612 · Participants: 18066The Vanguard Retirement and Savings PlanThermo Fisher Scientific Inc. 401(k) Retirement Plan, Total assets ($B): 10.263366209 · Participants: 36150Thermo Fisher Scientific Inc. 401(k) Retirement PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 10.189629 · Participants: 54604The PNC Financial Services Group, Inc. Incentive Savings Plan
Somerset Trust Company 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare Somerset Trust Company 401(k) Profit Sharing Plan side-by-side with 3 peers →

Somerset Trust Company 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is G2o 401(k) Savings Plan in OH ($42M); by covered participants it is Hudson Community Enterprises, Inc. 401(k) Plan in NJ (480 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($42M here).

Similar participant headcount

Nearest other-state filings by covered participants (480 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 401(k) Profit Sharing Plan assets move in 2024? ▼
Somerset Trust Company 401(k) Profit Sharing Plan grew at a solid clip - up 12.0% during 2024, from $38M to $42M. Reported net income was $4M.
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.
Where does Somerset Trust Company 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Somerset Trust Company 401(k) Profit Sharing Plan ranks in the 82nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Somerset Trust Company 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is G2o 401(k) Savings Plan in OH ($42M, 190 participants).
Which 401(k) plans cover a similar participant headcount to Somerset Trust Company 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hudson Community Enterprises, Inc. 401(k) Plan in NJ (480 participants, $4M 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.