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SOMERSET TECHNOLOGY GROUP LLC 401(K) PLAN 401k Plan overview

Plan NameSOMERSET TECHNOLOGY GROUP LLC 401(K) PLAN
Plan identification number 003

SOMERSET TECHNOLOGY GROUP LLC 401(K) 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan covering Self-Employed individuals.
  • 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.

401k Sponsoring company profile

SOMERSET TECHNOLOGY GROUP LLC has sponsored the creation of one or more 401k plans.

Company Name:SOMERSET TECHNOLOGY GROUP LLC
Employer identification number (EIN):202589157
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about SOMERSET TECHNOLOGY GROUP LLC

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 1737945

More information about SOMERSET TECHNOLOGY GROUP LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOMERSET TECHNOLOGY GROUP LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01ROSA VELEZ2024-06-04
0032022-01-01ROSA VELEZ2023-06-06
0032021-01-01ROSA VELEZ2022-05-14
0032020-01-01ROSA VELEZ2021-08-14
0032019-01-01ROSA VELEZ2020-08-20

Financial Data on SOMERSET TECHNOLOGY GROUP LLC 401(K) PLAN

Measure Date Value
2025 : SOMERSET TECHNOLOGY GROUP LLC 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-08-080
Total liabilities as of the end of the plan year2025-08-080
Total liabilities as of the beginning of the plan year2025-08-080
Total expenses incurred by plan in this plan year2025-08-0876883
Net assets as of the end of the plan year2025-08-083714888
Total assets as of the beginning of the plan year2025-08-083080634
Value of plan covered by a fidelity bond2025-08-08500000
Participant contributions to plan in this plan year2025-08-08185638
Value of participant loans at end of plan year2025-08-0815250
Other expenses paid from plan in this plan year2025-08-080
Other contributions to plan in this plan year2025-08-080
Other income to plan in this plan year2025-08-08453112
Plan net income in this plan year2025-08-08634254
Net assets as of the end of the plan year2025-08-083714888
Net assets as of the beginning of the plan year2025-08-083080634
Employer contributions to plan in this plan year2025-08-0872387
Fees paid to broker by Benefit Provider2025-08-08494
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-0822790
2024 : SOMERSET TECHNOLOGY GROUP LLC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-040
Total liabilities as of the end of the plan year2024-06-040
Total liabilities as of the beginning of the plan year2024-06-040
Total expenses incurred by plan in this plan year2024-06-0421797
Net assets as of the end of the plan year2024-06-043080634
Total assets as of the beginning of the plan year2024-06-042086534
Participant contributions to plan in this plan year2024-06-04158619
Value of participant loans at end of plan year2024-06-045320
Other expenses paid from plan in this plan year2024-06-040
Other contributions to plan in this plan year2024-06-04348440
Other income to plan in this plan year2024-06-04443230
Plan net income in this plan year2024-06-04994100
Net assets as of the end of the plan year2024-06-043080634
Net assets as of the beginning of the plan year2024-06-042086534
Employer contributions to plan in this plan year2024-06-0465608
Fees paid to broker by Benefit Provider2024-06-04353
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-0416577
2022 : SOMERSET TECHNOLOGY GROUP LLC 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-140
Total liabilities as of the end of the plan year2022-05-140
Total liabilities as of the beginning of the plan year2022-05-140
Total expenses incurred by plan in this plan year2022-05-14379892
Net assets as of the end of the plan year2022-05-142416494
Total assets as of the beginning of the plan year2022-05-142236455
Participant contributions to plan in this plan year2022-05-14129343
Other expenses paid from plan in this plan year2022-05-140
Other contributions to plan in this plan year2022-05-140
Other income to plan in this plan year2022-05-14373693
Plan net income in this plan year2022-05-14180039
Net assets as of the end of the plan year2022-05-142416494
Net assets as of the beginning of the plan year2022-05-142236455
Employer contributions to plan in this plan year2022-05-1456895
Fees paid to broker by Benefit Provider2022-05-14366
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-1414957

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