Plan Snapshot
- Plan Sponsor: Somerset Capital Group, Ltd
- Sponsor EIN: 061458929
- Sponsor Address: 612 WHEELERS FARMS ROAD, MILFORD, CT, 06461
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $23.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 131 | $23.8M | $392,495 | $1.3M |
| 2023 | 122 | $19.9M | $344,839 | $1.2M |
| 2022 | 119 | $16.2M | $320,286 | $1.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RSM US LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $40,363 | — | — | — | — |
| 2023 | $35,971 | $27,318 | $750 | — | — |
| 2022 | $34,314 | $33,714 | $600 | — | — |