SOMERSET PLANNING & ENGINEERING LLC DBA SOMERSET ENGINEERING has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SOMERSET ENGINEERING 401K PLAN
| Measure | Date | Value |
|---|
| 2023 : SOMERSET ENGINEERING 401K PLAN 2023 401k financial data |
|---|
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $3,671 |
| Total income from all sources (including contributions) | 2023-12-31 | $8,755,995 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $3,576,136 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $3,546,970 |
| Expenses. Certain deemed distributions of participant loans | 2023-12-31 | $0 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,215,443 |
| Value of total assets at end of year | 2023-12-31 | $43,397,647 |
| Value of total assets at beginning of year | 2023-12-31 | $38,221,459 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $29,166 |
| Total interest from all sources | 2023-12-31 | $55,129 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $1,456,064 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $1,456,064 |
| Assets. Real estate other than employer real property at end of year | 2023-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,659,841 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $25,626 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2023-12-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-12-31 | $0 |
| Liabilities. Value of operating payables at beginning of year | 2023-12-31 | $3,671 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $5,179,859 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $43,397,647 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $38,217,788 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $29,166 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $40,892,097 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $35,863,416 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $138,290 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $127,517 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $1,069,783 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $1,066,225 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-12-31 | $1,297,477 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-12-31 | $1,164,301 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-12-31 | $1,164,301 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-12-31 | $55,129 |
| Asset value of US Government securities at beginning of year | 2023-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $5,029,359 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $529,976 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $3,546,970 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Aggregate carrying amount (costs) on sale of assets | 2023-12-31 | $0 |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | HERBEIN AND COMPANY, INC. |
| Accountancy firm EIN | 2023-12-31 | 232415973 |
