How big is Somerset Community Services, Inc.'s plan?

Somerset Community Services, Inc.'s plan reported $3.5M in assets and 458 participants for 2024.

Original filing (PDF)20251010124346NAL0004249059001

Somerset Community Services, Inc.

Name: Somerset Community Services, Inc. — Somerset Communi, Form 5500 (2024)
Creator: Somerset Community Services, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Somerset Community Services, Inc. 401(k) Plan

401(k) retirement plan · Somerset Community Services, Inc.'s Somerset Community Services, Inc. 401(k) Plan held $3.5M in plan assets for 458 participants in 2024, with John Hancock as recordkeeper.

Signals · 4

Late participant contributionsPossibly inadequate fidelity bond100% in single holdingCorrective distributions issued

Active participants

458

Accounts w/ balance

197

Plan assets (EOY)

$3.5M

Net assets (EOY)

$3.5M

Plan identifiers

Somerset Community Services, Inc.'s EIN is 52-0907036.

EIN 52-0907036

Plan number 002

Plan year 2024

ACK ID 20251010124346NAL0004249059001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Somerset Community Services, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Somerset Community Services, Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SOMERSET COMMUNITY SERVICES, INC..

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How this plan invests

This plan

1 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Below-average — multiple flags

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Delinquent participant contributions reported (Schedule H 4a) — 13K (2% of contributions).
Corrective distributions issued (likely failed ADP/ACP testing).
Fidelity bond appears below the 10%-of-assets requirement.
Total administrative cost in the bottom quartile of peers (9th percentile).
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (9th percentile).

Plan sponsor

Name

SOMERSET COMMUNITY SERVICES, INC.

EIN

all filings

Address

5574 TULL'S CORNER ROAD · MARION, MD · 21838

Phone

(410) 623-2261

Industry

Health Care & Social Assistance

Plan administrator