Somerset Planning & Engineering LLC DBA Somerset Engineering 401(k) match, vesting and fees
What Somerset Planning & Engineering LLC DBA Somerset Engineering's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Capital Group Retirement Plan Svcs | Schedule C ↗ |
| Independent auditor | Herbein and Company, Inc. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 173,170 defined-contribution plans in professional, scientific, and technical services with fewer than 100 participants.
| Somerset Planning & Engineering LLC DBA Somerset Engineering: employer contribution per participant | $1,391 | |
| Peer median | $2,367 |
| Somerset Planning & Engineering LLC DBA Somerset Engineering: average balance | $144,795 | |
| Peer median | $65,744 |
| Somerset Planning & Engineering LLC DBA Somerset Engineering: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.38% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $43.4M at the end of plan year 2023 to $2.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 19 | $2.5M | $24K | $1,391 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 446 | $43.4M | $530K | $1,253 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does Somerset Planning & Engineering LLC DBA Somerset Engineering match 401(k) contributions?
The match terms for the Somerset Engineering 401k Plan have not been published from its filing yet. The plan year 2024 filing reports $24K in employer contributions, about $1,391 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Somerset Planning & Engineering LLC DBA Somerset Engineering 401(k) match vested?
The vesting schedule for the Somerset Engineering 401k Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Somerset Planning & Engineering LLC DBA Somerset Engineering 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Capital Group Retirement Plan Svcs. The plan administrator is Somerset Planning & Engineering LLC DBA Somerset Engineering.
I left Somerset Planning & Engineering LLC DBA Somerset Engineering. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Somerset Planning & Engineering LLC DBA Somerset Engineering, (814) 443-1319) or the recordkeeper, Capital Group Retirement Plan Svcs. The Somerset Planning & Engineering LLC DBA Somerset Engineering old 401(k) page lists the contacts from every plan filing. Find an old Somerset Planning & Engineering LLC DBA Somerset Engineering 401(k)
Data from the public Form 5500 annual reports Somerset Planning & Engineering LLC DBA Somerset Engineering filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Somerset Planning & Engineering LLC DBA Somerset Engineering. Not financial advice. Report a correction · Methodology