Plan Snapshot
- Plan Sponsor: 1st Summit Bancorp
- Sponsor EIN: 251619855
- Sponsor Address: 125 DONALD LANE, JOHNSTOWN, PA, 15904
- Plan Type: 401(k)
- Total Participants: 220
- Total Assets: $24.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 220 | $24.2M | $258,000 | $898,949 |
| 2023 | 225 | $24.4M | $284,000 | $902,974 |
| 2022 | 242 | $26.9M | $262,492 | $923,896 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| S.R. SNODGRASS, P.C. | Auditor | $11,072 | — | $11,072 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- S.R. SNODGRASS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,072
- Estimated Expense Ratio: 0.046% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $41,137 | — | $16,004 | $11,072 | — |
| 2023 | $40,022 | $6,971 | $14,366 | $10,710 | — |
| 2022 | $33,780 | — | $24,069 | — | $9,711 |