# Somerset Hardwood Flooring, INC. 401(k) Plan
Source: https://planprovider.pro/companies/somerset-hardwood-flooring-inc-401k-plan

> Somerset Hardwood Flooring, INC.'s 401(k) plan: 194 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Somerset Hardwood Flooring, INC.

- **Sponsor EIN:** 611074211

- **Sponsor Address:** P.O. BOX 1355, SOMERSET, KY, 42502

- **Plan Type:** 401(k)

- **Total Participants:** 194

- **Total Assets:** $3.6M

## 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|194|$3.6M|$224,666|$405,714|

| 2023|315|$4.1M|$155,628|$308,887|

| 2022|459|$4.5M|$313,655|$642,535|

## 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|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-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|$21,092|$10,048|—|—|—|

| 2023|$14,746|$7,027|—|—|—|

| 2022|$19,329|$3,956|—|—|—|

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