Civic Intelligence

SOMERSET LENDING CORP.

Plan context: SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN

EIN 02-0774314 • Rochester, MI • 9 filings • 2 plans

640 W University DrRochester, MI 48307
Current Snapshot

Latest Year

2025

2025 Participants

11

2025 Assets

$984,388

2025 Contributions

$78,056

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$984,388$492,194$0201720222025YearValue
$984,388Latest year 2025

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

23120201720222025YearValue
11Latest year 2025

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2025111$984,388$78,056$7,096iApproximate average salary by contribution assumption: employee only about $177,400 at 4% or $118,267 at 6%; with 50% employer match about $118,267 at 4% or $78,844 at 6%; with 100% employer match about $88,700 at 4% or $59,133 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-11$984,388$78,056$7,096iApproximate average salary by contribution assumption: employee only about $177,400 at 4% or $118,267 at 6%; with 50% employer match about $118,267 at 4% or $78,844 at 6%; with 100% employer match about $88,700 at 4% or $59,133 at 6%.
2024114$770,317$75,108$5,365iApproximate average salary by contribution assumption: employee only about $134,121 at 4% or $89,414 at 6%; with 50% employer match about $89,414 at 4% or $59,610 at 6%; with 100% employer match about $67,061 at 4% or $44,707 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-14$770,317$75,108$5,365iApproximate average salary by contribution assumption: employee only about $134,121 at 4% or $89,414 at 6%; with 50% employer match about $89,414 at 4% or $59,610 at 6%; with 100% employer match about $67,061 at 4% or $44,707 at 6%.
2023119$628,325$115,255$6,066iApproximate average salary by contribution assumption: employee only about $151,651 at 4% or $101,101 at 6%; with 50% employer match about $101,101 at 4% or $67,401 at 6%; with 100% employer match about $75,826 at 4% or $50,550 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-19$628,325$115,255$6,066iApproximate average salary by contribution assumption: employee only about $151,651 at 4% or $101,101 at 6%; with 50% employer match about $101,101 at 4% or $67,401 at 6%; with 100% employer match about $75,826 at 4% or $50,550 at 6%.
2022122$450,033$72,837$3,311iApproximate average salary by contribution assumption: employee only about $82,769 at 4% or $55,180 at 6%; with 50% employer match about $55,180 at 4% or $36,786 at 6%; with 100% employer match about $41,385 at 4% or $27,590 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-22$450,033$72,837$3,311iApproximate average salary by contribution assumption: employee only about $82,769 at 4% or $55,180 at 6%; with 50% employer match about $55,180 at 4% or $36,786 at 6%; with 100% employer match about $41,385 at 4% or $27,590 at 6%.
2021123$479,791$84,660$3,681iApproximate average salary by contribution assumption: employee only about $92,022 at 4% or $61,348 at 6%; with 50% employer match about $61,348 at 4% or $40,899 at 6%; with 100% employer match about $46,011 at 4% or $30,674 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-23$479,791$84,660$3,681iApproximate average salary by contribution assumption: employee only about $92,022 at 4% or $61,348 at 6%; with 50% employer match about $61,348 at 4% or $40,899 at 6%; with 100% employer match about $46,011 at 4% or $30,674 at 6%.
2019114$176,407$67,767$4,841iApproximate average salary by contribution assumption: employee only about $121,013 at 4% or $80,675 at 6%; with 50% employer match about $80,675 at 4% or $53,783 at 6%; with 100% employer match about $60,506 at 4% or $40,338 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-14$176,407$67,767$4,841iApproximate average salary by contribution assumption: employee only about $121,013 at 4% or $80,675 at 6%; with 50% employer match about $80,675 at 4% or $53,783 at 6%; with 100% employer match about $60,506 at 4% or $40,338 at 6%.
201819$94,177$53,590$5,954iApproximate average salary by contribution assumption: employee only about $148,861 at 4% or $99,241 at 6%; with 50% employer match about $99,241 at 4% or $66,160 at 6%; with 100% employer match about $74,431 at 4% or $49,620 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-9$94,177$53,590$5,954iApproximate average salary by contribution assumption: employee only about $148,861 at 4% or $99,241 at 6%; with 50% employer match about $99,241 at 4% or $66,160 at 6%; with 100% employer match about $74,431 at 4% or $49,620 at 6%.
2017211$94,128$92,583$8,417iApproximate average salary by contribution assumption: employee only about $210,416 at 4% or $140,277 at 6%; with 50% employer match about $140,277 at 4% or $93,518 at 6%; with 100% employer match about $105,208 at 4% or $70,139 at 6%.
SOMERSET LENDING CORP 401(K) PROFIT SHARING PLAN-11$47,064$47,064$4,279iApproximate average salary by contribution assumption: employee only about $106,964 at 4% or $71,309 at 6%; with 50% employer match about $71,309 at 4% or $47,539 at 6%; with 100% employer match about $53,482 at 4% or $35,655 at 6%.
SOMERSET LENDING CORP. 401(K) PROFIT SHARING PLAN-8$47,064$45,519$5,690iApproximate average salary by contribution assumption: employee only about $142,247 at 4% or $94,831 at 6%; with 50% employer match about $94,831 at 4% or $63,221 at 6%; with 100% employer match about $71,123 at 4% or $47,416 at 6%.