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

> Somerset INC.&#39;s 401(k) plan: 2 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Somerset INC.

- **Sponsor EIN:** 474672975

- **Sponsor Address:** 21 SOMERSET AVENUE, EAST ISLIP, NY, 11730

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

- **Total Participants:** 2

- **Total Assets:** $63,936

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2023|2|$63,936|$0|$0|

| 2022|2|$63,936|$0|$0|

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