# Somerset Regal Bank DB Plan
Source: https://planprovider.pro/companies/somerset-regal-bank-220784760-001

> Somerset Regal Bank's DB plan: 49 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Somerset Regal Bank

- **Sponsor EIN:** 220784760

- **Sponsor Address:** 220 WEST UNION AVENUE, BOUND BROOK, NJ, 088051335

- **Plan Type:** DB

- **Plan Number:** 001

- **Total Participants:** 49

- **Total Assets:** $15.8M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

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

## Plan Financials by Year

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

| 2024|49|$15.8M|$0|$0|

| 2023|56|$15.7M|$0|$0|

| 2022|52|$16.1M|$0|$0|

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