Plan Snapshot
- Plan Sponsor: Akron Summit Community Action, INC.
- Sponsor EIN: 340965339
- Sponsor Address: 55 E MILL ST, AKRON, OH, 443081405
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 187
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 187 | $2.4M | $3.1M | $130,612 |
| 2023 | 179 | $2.3M | $2.9M | $129,687 |
| 2022 | 181 | $2.9M | $2.5M | $139,342 |
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 |
|---|---|---|---|---|
| MUTUAL HEALTH SERVICES | Recordkeeper | $147,375 | — | $147,375 |
| EIDE BAILLY LLP | Auditor | $19,715 | — | $19,715 |
| MICHELLE MOSS | Other Service Provider | $7,503 | — | $7,503 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $174,593
- Estimated Expense Ratio: 7.374% 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 | $223,312 | — | $147,375 | — | — |
| 2023 | $203,703 | — | $133,800 | — | — |
| 2022 | $209,157 | $6,054 | $133,820 | — | $60,645 |