# Somerset Trust Company DC Plan
Source: https://planprovider.pro/companies/somerset-trust-company-plan-003

> Somerset Trust Company's DC plan: 500 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Somerset Trust Company

- **Sponsor EIN:** 250807970

- **Sponsor Address:** 151 W. MAIN STREET, SOMERSET, PA, 15501

- **Plan Type:** DC

- **Total Participants:** 500

- **Total Assets:** $9.4M

## 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|500|$9.4M|$1.1M|$0|

| 2023|484|$7.9M|$1.0M|$0|

| 2022|481|$7.4M|$933,066|$0|

## 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|—|—|—|—|—|

| 2023|—|—|—|—|—|

| 2022|—|—|—|—|—|

## Similar Plans

- [Somerset Trust Company](https://planprovider.pro/companies/somerset-trust-company-401k-plan) — 497 participants

- [Firstrust Savings Bank](https://planprovider.pro/companies/firstrust-savings-bank-401k-plan) — 468 participants

- [Peoples Security Bank & Trust Company](https://planprovider.pro/companies/peoples-security-bank-trust-company-401k-plan) — 551 participants

- [Tri State Capital Bank](https://planprovider.pro/companies/tri-state-capital-bank-401k-plan) — 428 participants

- [First Citizens Community Bank](https://planprovider.pro/companies/first-citizens-community-bank-plan-002) — 407 participants

- [Mid Penn Bank](https://planprovider.pro/companies/mid-penn-bank-401k-plan-001-0270) — 605 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/somerset-trust-company-plan-003)

© 2026 PlanProvider.Pro