Somerset Trust Company 401(k) Plan: Login, Facts & Contact Information

Somerset Trust Company 401(k) Plan Facts

Plan name
SOMERSET TRUST COMPANY 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SOMERSET TRUST COMPANY
Participants
559 (497 active employees)
Former employees with a balance
73
Plan assets
$42,059,590 at Dec 31, 2024
Average account balance
$89,298 across 471 accounts
Employer contributions
$895,911 in plan year 2024 (29% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1971
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 16, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.13 million went into the plan in contributions, $895,911 of it from the employer (29%).
  • $3.51 million was paid out to participants.
  • Investment and other income added $4.95 million.
  • Administrative expenses were $73,063, about $155 per account.

How the Somerset Trust Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019486$33.9 million$1.53 million$1.74 million
2020503$38.4 million$1.70 million$3.17 million
2021542$42.3 million$688,144$4.26 million
2022533$35.7 million$562,952$3.55 million
2023555$37.6 million$614,712$6.83 million
2024559$42.1 million$895,911$3.51 million

Somerset Trust Company 401(k) Contact Information

Phone
814-443-9200
Mailing address
151 W. MAIN STREET, SOMERSET PA 15501
Plan sponsor
SOMERSET TRUST COMPANY
Employer identification number (EIN)
25-0807970
Plan number
001

Questions about the Somerset Trust Company 401(k)

Does Somerset Trust Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $895,911, 29% of all contributions.

Does the Somerset Trust Company 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Somerset Trust Company 401(k) plan?

559 participants at the start of plan year 2024, 497 of them active employees, and 73 former employees who still had money in the plan.

What is the average 401(k) balance at Somerset Trust Company?

About $89,298 per account: $42.1 million in plan assets across 471 accounts with a balance at the end of plan year 2024.

Who manages the Somerset Trust Company 401(k) accounts?

Capital Group / American Funds is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Somerset Trust Company. How do I access my 401(k)?

Your account stays with Capital Group / American Funds after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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