Logo

SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 401k Plan overview

Plan NameSOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN
Plan identification number 003

SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SOMERSET CPAS, P.C. has sponsored the creation of one or more 401k plans.

Company Name:SOMERSET CPAS, P.C.
Employer identification number (EIN):201717681
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Additional information about SOMERSET CPAS, P.C.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2018-04-19
Company Identification Number: 0802993529
Legal Registered Office Address: 3925 RIVER CROSSING PKWY STE 100

INDIANAPOLIS
United States of America (USA)
46240

More information about SOMERSET CPAS, P.C.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01JEREMY COLE
0032016-01-01JEREMY COLE
0032015-01-01JEREMY COLE
0032014-01-01DONNA BUTLER
0032013-01-01DEBORAH A. WILLIAMS
0032012-01-01DEBORAH A. WILLIAMS
0032011-01-01DEBORAH A. WILLIAMS
0032009-01-01DEBORAH WILLIAMS

Plan Statistics for SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN

401k plan membership statisitcs for SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN

Measure Date Value
2022: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01280
Total number of active participants reported on line 7a of the Form 55002022-01-01262
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0149
Total of all active and inactive participants2022-01-01311
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01311
Number of participants with account balances2022-01-01300
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01251
Total number of active participants reported on line 7a of the Form 55002021-01-01233
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0147
Total of all active and inactive participants2021-01-01280
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01280
Number of participants with account balances2021-01-01276
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0116
2020: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01244
Total number of active participants reported on line 7a of the Form 55002020-01-01192
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0147
Total of all active and inactive participants2020-01-01240
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01240
Number of participants with account balances2020-01-01235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0121
2019: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01223
Total number of active participants reported on line 7a of the Form 55002019-01-01203
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0139
Total of all active and inactive participants2019-01-01244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01244
Number of participants with account balances2019-01-01238
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0115
2018: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01208
Total number of active participants reported on line 7a of the Form 55002018-01-01190
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0131
Total of all active and inactive participants2018-01-01221
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01221
Number of participants with account balances2018-01-01212
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0114
2017: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01204
Total number of active participants reported on line 7a of the Form 55002017-01-01180
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0125
Total of all active and inactive participants2017-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01205
Number of participants with account balances2017-01-01203
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-017
2016: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01191
Total number of active participants reported on line 7a of the Form 55002016-01-01167
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0128
Total of all active and inactive participants2016-01-01195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01195
Number of participants with account balances2016-01-01189
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0117
2015: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01188
Total number of active participants reported on line 7a of the Form 55002015-01-01166
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0120
Total of all active and inactive participants2015-01-01186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01186
Number of participants with account balances2015-01-01185
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0123
2014: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01180
Total number of active participants reported on line 7a of the Form 55002014-01-01163
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0123
Total of all active and inactive participants2014-01-01186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01186
Number of participants with account balances2014-01-01183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0122
2013: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01163
Total number of active participants reported on line 7a of the Form 55002013-01-01164
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-01179
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01179
Number of participants with account balances2013-01-01158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0112
2012: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01141
Total number of active participants reported on line 7a of the Form 55002012-01-01146
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0117
Total of all active and inactive participants2012-01-01163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01163
Number of participants with account balances2012-01-01148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-016
2011: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01149
Total number of active participants reported on line 7a of the Form 55002011-01-01122
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0117
Total of all active and inactive participants2011-01-01139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01139
Number of participants with account balances2011-01-01132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-015
2009: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01152
Total number of active participants reported on line 7a of the Form 55002009-01-01116
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0134
Total of all active and inactive participants2009-01-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01150
Number of participants with account balances2009-01-01150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN

Measure Date Value
2022 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-807,158
Total unrealized appreciation/depreciation of assets2022-12-31$-807,158
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$-3,320,142
Total loss/gain on sale of assets2022-12-31$-14,671
Total of all expenses incurred2022-12-31$4,499,080
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$4,495,798
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Value of total corrective distributions2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$4,969,278
Value of total assets at end of year2022-12-31$53,499,267
Value of total assets at beginning of year2022-12-31$61,318,489
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$3,282
Total income from rents2022-12-31$0
Total interest from all sources2022-12-31$47,972
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,542,713
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$1,501,165
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$2,686,155
Participant contributions at end of year2022-12-31$369,853
Participant contributions at beginning of year2022-12-31$358,275
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$3,000
Assets. Other investments not covered elsewhere at end of year2022-12-31$187,055
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$19,241,985
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$232,373
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$-1,365,524
Administrative expenses (other) incurred2022-12-31$3,252
Liabilities. Value of operating payables at end of year2022-12-31$0
Liabilities. Value of operating payables at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$-7,819,222
Value of net assets at end of year (total assets less liabilities)2022-12-31$53,499,267
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$61,318,489
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Investment advisory and management fees2022-12-31$30
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$45,024,438
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$38,537,341
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$17,900
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$5,021
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$1,434,844
Value of interest in common/collective trusts at beginning of year2022-12-31$1,731,360
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$1,779,445
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$25,051
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-7,727,719
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$34,967
Net gain/loss from 103.12 investment entities2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$0
Assets. Invements in employer securities at beginning of year2022-12-31$0
Assets. Value of employer real property at end of year2022-12-31$0
Assets. Value of employer real property at beginning of year2022-12-31$0
Contributions received in cash from employer2022-12-31$2,050,750
Employer contributions (assets) at end of year2022-12-31$1,669,873
Employer contributions (assets) at beginning of year2022-12-31$1,446,528
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$41,548
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$4,495,798
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$3,033,759
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$325,312
Aggregate carrying amount (costs) on sale of assets2022-12-31$339,983
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$0
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31WATSON COON RYAN, LLC
Accountancy firm EIN2022-12-31823543701
2021 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$12,127,203
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$2,043,566
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,035,906
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$4,810,609
Value of total assets at end of year2021-12-31$61,318,489
Value of total assets at beginning of year2021-12-31$51,234,852
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$7,660
Total interest from all sources2021-12-31$18,796
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$2,391,200
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$2,391,200
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,236,917
Participant contributions at end of year2021-12-31$358,275
Participant contributions at beginning of year2021-12-31$305,293
Participant contributions at end of year2021-12-31$3,000
Participant contributions at beginning of year2021-12-31$73,280
Assets. Other investments not covered elsewhere at end of year2021-12-31$19,241,985
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$16,583,277
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$808,554
Other income not declared elsewhere2021-12-31$2,305,668
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$10,083,637
Value of net assets at end of year (total assets less liabilities)2021-12-31$61,318,489
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$51,234,852
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$38,537,341
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$30,900,360
Interest on participant loans2021-12-31$18,796
Value of interest in common/collective trusts at end of year2021-12-31$1,731,360
Value of interest in common/collective trusts at beginning of year2021-12-31$2,071,436
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,575,525
Net investment gain or loss from common/collective trusts2021-12-31$25,405
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,765,138
Employer contributions (assets) at end of year2021-12-31$1,446,528
Employer contributions (assets) at beginning of year2021-12-31$1,301,206
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,035,906
Contract administrator fees2021-12-31$7,660
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31WATSON COON RYAN, LLC
Accountancy firm EIN2021-12-31823543701
2020 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$9,827,938
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$699,900
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$694,174
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$3,617,012
Value of total assets at end of year2020-12-31$51,234,852
Value of total assets at beginning of year2020-12-31$42,106,814
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$5,726
Total interest from all sources2020-12-31$18,204
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,209,291
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,209,291
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$2,010,875
Participant contributions at end of year2020-12-31$305,293
Participant contributions at beginning of year2020-12-31$313,662
Participant contributions at end of year2020-12-31$73,280
Assets. Other investments not covered elsewhere at end of year2020-12-31$16,583,277
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$13,681,393
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$39,424
Other income not declared elsewhere2020-12-31$2,317,066
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$9,128,038
Value of net assets at end of year (total assets less liabilities)2020-12-31$51,234,852
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$42,106,814
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$30,900,360
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$26,276,974
Interest on participant loans2020-12-31$18,204
Value of interest in common/collective trusts at end of year2020-12-31$2,071,436
Value of interest in common/collective trusts at beginning of year2020-12-31$752,959
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$2,642,134
Net investment gain or loss from common/collective trusts2020-12-31$24,231
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,566,713
Employer contributions (assets) at end of year2020-12-31$1,301,206
Employer contributions (assets) at beginning of year2020-12-31$1,081,826
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$694,174
Contract administrator fees2020-12-31$5,726
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31WATSON COON RYAN, LLC
Accountancy firm EIN2020-12-31823543701
2019 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$10,804,959
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$2,280,850
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,232,052
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$3,627,170
Value of total assets at end of year2019-12-31$42,106,814
Value of total assets at beginning of year2019-12-31$33,582,705
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$48,798
Total interest from all sources2019-12-31$17,660
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,913,956
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,913,956
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,746,996
Participant contributions at end of year2019-12-31$313,662
Participant contributions at beginning of year2019-12-31$256,242
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$62,038
Assets. Other investments not covered elsewhere at end of year2019-12-31$13,681,393
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$12,168,173
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$524,449
Other income not declared elsewhere2019-12-31$1,420,104
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$8,524,109
Value of net assets at end of year (total assets less liabilities)2019-12-31$42,106,814
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$33,582,705
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$26,276,974
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$19,631,383
Interest on participant loans2019-12-31$17,660
Value of interest in common/collective trusts at end of year2019-12-31$752,959
Value of interest in common/collective trusts at beginning of year2019-12-31$433,520
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$853
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$853
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,813,670
Net investment gain or loss from common/collective trusts2019-12-31$12,399
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,355,725
Employer contributions (assets) at end of year2019-12-31$1,081,826
Employer contributions (assets) at beginning of year2019-12-31$1,030,496
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,232,052
Contract administrator fees2019-12-31$48,798
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WATSON COON RYAN LLC
Accountancy firm EIN2019-12-31823543701
2018 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$257,507
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$942,781
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$894,770
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$2,867,144
Value of total assets at end of year2018-12-31$33,582,705
Value of total assets at beginning of year2018-12-31$34,267,979
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$48,011
Total interest from all sources2018-12-31$12,818
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,230,865
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,230,865
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,581,504
Participant contributions at end of year2018-12-31$256,242
Participant contributions at beginning of year2018-12-31$249,485
Participant contributions at end of year2018-12-31$62,038
Participant contributions at beginning of year2018-12-31$57,677
Assets. Other investments not covered elsewhere at end of year2018-12-31$12,168,173
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$12,708,373
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$9,797
Other income not declared elsewhere2018-12-31$-975,003
Administrative expenses (other) incurred2018-12-31$4
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-685,274
Value of net assets at end of year (total assets less liabilities)2018-12-31$33,582,705
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$34,267,979
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$39,217
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$19,631,383
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$19,836,760
Interest on participant loans2018-12-31$12,818
Value of interest in common/collective trusts at end of year2018-12-31$433,520
Value of interest in common/collective trusts at beginning of year2018-12-31$440,599
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$853
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-2,885,538
Net investment gain or loss from common/collective trusts2018-12-31$7,221
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$1,275,843
Employer contributions (assets) at end of year2018-12-31$1,030,496
Employer contributions (assets) at beginning of year2018-12-31$975,085
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$894,770
Contract administrator fees2018-12-31$8,790
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31WATSON COON RYAN LLC
Accountancy firm EIN2018-12-31823543701
2017 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$7,347,481
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$889,642
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$846,766
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,838,147
Value of total assets at end of year2017-12-31$34,267,979
Value of total assets at beginning of year2017-12-31$27,810,140
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$42,876
Total interest from all sources2017-12-31$15,169
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$847,637
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$847,637
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,428,479
Participant contributions at end of year2017-12-31$249,485
Participant contributions at beginning of year2017-12-31$271,939
Participant contributions at end of year2017-12-31$57,677
Participant contributions at beginning of year2017-12-31$46,276
Assets. Other investments not covered elsewhere at end of year2017-12-31$12,708,373
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$9,649,445
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$226,041
Other income not declared elsewhere2017-12-31$1,598,409
Administrative expenses (other) incurred2017-12-31$2
Total non interest bearing cash at end of year2017-12-31$0
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$6,457,839
Value of net assets at end of year (total assets less liabilities)2017-12-31$34,267,979
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$27,810,140
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$40,466
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$19,836,760
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$16,387,705
Interest on participant loans2017-12-31$15,169
Value of interest in common/collective trusts at end of year2017-12-31$440,599
Value of interest in common/collective trusts at beginning of year2017-12-31$552,085
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,039,219
Net investment gain or loss from common/collective trusts2017-12-31$8,900
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$1,183,627
Employer contributions (assets) at end of year2017-12-31$975,085
Employer contributions (assets) at beginning of year2017-12-31$902,690
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$846,766
Contract administrator fees2017-12-31$2,408
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31WATSON COON RYAN LLC
Accountancy firm EIN2017-12-31823543701
2016 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$4,565,641
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$1,726,784
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,690,623
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$2,547,214
Value of total assets at end of year2016-12-31$27,810,140
Value of total assets at beginning of year2016-12-31$24,971,283
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$36,161
Total interest from all sources2016-12-31$13,714
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$670,376
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$670,376
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,300,941
Participant contributions at end of year2016-12-31$271,939
Participant contributions at beginning of year2016-12-31$202,346
Participant contributions at end of year2016-12-31$46,276
Participant contributions at beginning of year2016-12-31$34,960
Assets. Other investments not covered elsewhere at end of year2016-12-31$9,649,445
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$9,187,274
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$147,024
Other income not declared elsewhere2016-12-31$615,838
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$2,838,857
Value of net assets at end of year (total assets less liabilities)2016-12-31$27,810,140
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$24,971,283
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$31,511
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$16,387,705
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$14,092,188
Interest on participant loans2016-12-31$13,714
Value of interest in common/collective trusts at end of year2016-12-31$552,085
Value of interest in common/collective trusts at beginning of year2016-12-31$557,153
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$711,948
Net investment gain or loss from common/collective trusts2016-12-31$6,551
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$1,099,249
Employer contributions (assets) at end of year2016-12-31$902,690
Employer contributions (assets) at beginning of year2016-12-31$897,362
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,690,623
Contract administrator fees2016-12-31$4,650
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31WILSON DOWNING GROUP, LLC
Accountancy firm EIN2016-12-31840509647
2015 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,588,528
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,443,800
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,401,601
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,380,087
Value of total assets at end of year2015-12-31$24,971,283
Value of total assets at beginning of year2015-12-31$24,826,555
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$42,199
Total interest from all sources2015-12-31$15,765
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$877,501
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$877,501
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,284,280
Participant contributions at end of year2015-12-31$202,346
Participant contributions at beginning of year2015-12-31$267,611
Participant contributions at end of year2015-12-31$34,960
Participant contributions at beginning of year2015-12-31$0
Assets. Other investments not covered elsewhere at end of year2015-12-31$9,187,274
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$8,943,419
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$26,737
Other income not declared elsewhere2015-12-31$-552,117
Total non interest bearing cash at end of year2015-12-31$0
Total non interest bearing cash at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$144,728
Value of net assets at end of year (total assets less liabilities)2015-12-31$24,971,283
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$24,826,555
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$30,968
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$14,092,188
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$14,365,608
Interest on participant loans2015-12-31$15,765
Value of interest in common/collective trusts at end of year2015-12-31$557,153
Value of interest in common/collective trusts at beginning of year2015-12-31$469,020
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-1,137,759
Net investment gain or loss from common/collective trusts2015-12-31$5,051
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,069,070
Employer contributions (assets) at end of year2015-12-31$897,362
Employer contributions (assets) at beginning of year2015-12-31$780,897
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,401,601
Contract administrator fees2015-12-31$11,231
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31WILSON DOWNING GROUP, LLC
Accountancy firm EIN2015-12-31840509647
2014 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$3,178,006
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$1,208,649
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,167,948
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$2,014,622
Value of total assets at end of year2014-12-31$24,826,555
Value of total assets at beginning of year2014-12-31$22,857,198
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$40,701
Total interest from all sources2014-12-31$20,243
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$370,800
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$370,800
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,054,791
Participant contributions at end of year2014-12-31$267,611
Participant contributions at beginning of year2014-12-31$297,499
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$0
Assets. Other investments not covered elsewhere at end of year2014-12-31$8,943,419
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$6,851,663
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$56,447
Other income not declared elsewhere2014-12-31$291,713
Total non interest bearing cash at end of year2014-12-31$0
Total non interest bearing cash at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$1,969,357
Value of net assets at end of year (total assets less liabilities)2014-12-31$24,826,555
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$22,857,198
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$29,317
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$14,365,608
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$14,331,906
Interest on participant loans2014-12-31$20,243
Value of interest in common/collective trusts at end of year2014-12-31$469,020
Value of interest in common/collective trusts at beginning of year2014-12-31$598,930
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$476,479
Net investment gain or loss from common/collective trusts2014-12-31$4,149
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$903,384
Employer contributions (assets) at end of year2014-12-31$780,897
Employer contributions (assets) at beginning of year2014-12-31$777,200
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,167,948
Contract administrator fees2014-12-31$11,384
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31WILSON DOWNING GROUP, LLC
Accountancy firm EIN2014-12-31840509647
2013 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$5,319,580
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$866,265
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$839,985
Value of total corrective distributions2013-12-31$679
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,015,984
Value of total assets at end of year2013-12-31$22,857,198
Value of total assets at beginning of year2013-12-31$18,403,883
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$25,601
Total interest from all sources2013-12-31$19,317
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$358,235
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$358,235
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$1,013,795
Participant contributions at end of year2013-12-31$297,499
Participant contributions at beginning of year2013-12-31$276,004
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$0
Assets. Other investments not covered elsewhere at end of year2013-12-31$6,851,663
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$5,340,677
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$71,009
Other income not declared elsewhere2013-12-31$780,310
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$4,453,315
Value of net assets at end of year (total assets less liabilities)2013-12-31$22,857,198
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$18,403,883
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$18,225
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$14,331,906
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$11,730,328
Interest on participant loans2013-12-31$19,317
Value of interest in common/collective trusts at end of year2013-12-31$598,930
Value of interest in common/collective trusts at beginning of year2013-12-31$377,098
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,141,430
Net investment gain or loss from common/collective trusts2013-12-31$4,304
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$931,180
Employer contributions (assets) at end of year2013-12-31$777,200
Employer contributions (assets) at beginning of year2013-12-31$679,776
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$839,985
Contract administrator fees2013-12-31$7,376
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31WILSON DOWNING GROUP, LLC
Accountancy firm EIN2013-12-31840509647
2012 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$3,517,526
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$379,136
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$371,757
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,928,563
Value of total assets at end of year2012-12-31$18,403,883
Value of total assets at beginning of year2012-12-31$15,265,493
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$7,379
Total interest from all sources2012-12-31$20,550
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$313,992
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$313,992
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$910,637
Participant contributions at end of year2012-12-31$276,004
Participant contributions at beginning of year2012-12-31$267,529
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$0
Assets. Other investments not covered elsewhere at end of year2012-12-31$5,340,677
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$4,667,183
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$205,572
Other income not declared elsewhere2012-12-31$329,200
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$3,138,390
Value of net assets at end of year (total assets less liabilities)2012-12-31$18,403,883
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$15,265,493
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$11,730,328
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$9,429,808
Interest on participant loans2012-12-31$20,550
Value of interest in common/collective trusts at end of year2012-12-31$377,098
Value of interest in common/collective trusts at beginning of year2012-12-31$303,248
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$920,883
Net investment gain or loss from common/collective trusts2012-12-31$4,338
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$812,354
Employer contributions (assets) at end of year2012-12-31$679,776
Employer contributions (assets) at beginning of year2012-12-31$597,725
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$371,757
Contract administrator fees2012-12-31$7,379
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31WILSON DOWNING GROUP, LLC
Accountancy firm EIN2012-12-31840509647
2011 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,945,552
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$830,946
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$807,587
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,170,113
Value of total assets at end of year2011-12-31$15,265,493
Value of total assets at beginning of year2011-12-31$14,150,887
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$23,359
Total interest from all sources2011-12-31$20,369
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$279,659
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$279,659
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$850,987
Participant contributions at end of year2011-12-31$267,529
Participant contributions at beginning of year2011-12-31$223,970
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$533
Assets. Other investments not covered elsewhere at end of year2011-12-31$4,667,183
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$2,156,385
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$587,448
Other income not declared elsewhere2011-12-31$-42,375
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$50,750
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,114,606
Value of net assets at end of year (total assets less liabilities)2011-12-31$15,265,493
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$14,150,887
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$20,420
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$9,429,808
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$11,217,863
Interest on participant loans2011-12-31$20,369
Value of interest in common/collective trusts at end of year2011-12-31$303,248
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-490,580
Net investment gain or loss from common/collective trusts2011-12-31$8,366
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31Yes
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$731,678
Employer contributions (assets) at end of year2011-12-31$597,725
Employer contributions (assets) at beginning of year2011-12-31$501,386
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$807,587
Contract administrator fees2011-12-31$2,939
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31WILSON DOWNING GROUP, LLC
Accountancy firm EIN2011-12-31840509647
2010 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$3,113,415
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$909,009
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$881,436
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,587,823
Value of total assets at end of year2010-12-31$14,150,887
Value of total assets at beginning of year2010-12-31$11,946,481
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$27,573
Total interest from all sources2010-12-31$10,106
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$847,098
Participant contributions at end of year2010-12-31$223,970
Participant contributions at beginning of year2010-12-31$142,030
Participant contributions at end of year2010-12-31$533
Participant contributions at beginning of year2010-12-31$1,360
Assets. Other investments not covered elsewhere at end of year2010-12-31$2,156,385
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$1,913,878
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$102,433
Other income not declared elsewhere2010-12-31$188,681
Administrative expenses (other) incurred2010-12-31$3,066
Total non interest bearing cash at end of year2010-12-31$50,750
Total non interest bearing cash at beginning of year2010-12-31$58,211
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,204,406
Value of net assets at end of year (total assets less liabilities)2010-12-31$14,150,887
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$11,946,481
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$24,507
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$11,217,863
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$9,230,165
Interest on participant loans2010-12-31$10,106
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$1,326,805
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$638,292
Employer contributions (assets) at end of year2010-12-31$501,386
Employer contributions (assets) at beginning of year2010-12-31$600,837
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$881,436
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31WILSON DOWNING GROUP, LLC
Accountancy firm EIN2010-12-31840509647
2009 : SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN

2022: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: SOMERSET CPAS, P.C. PROFIT SHARING AND 401(K) SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1