Plan Snapshot
- Plan Sponsor: Akron Summit Community Action, INC.
- Sponsor EIN: 340965339
- Sponsor Address: 55 E MILL ST, AKRON, OH, 443081405
- Plan Type: 403(b)
- Total Participants: 222
- Total Assets: $15.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 222 | $15.9M | $624,091 | $605,538 |
| 2023 | 210 | $15.2M | $598,044 | $588,902 |
| 2022 | 196 | $13.2M | $591,173 | $577,342 |
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 |
|---|---|---|---|---|
| GWN SECURITIES | Other Service Provider | $67,402 | — | $67,402 |
| JULY BUSINESS SERVICES, LLC | Recordkeeper | $44,186 | — | $44,186 |
| MEEDER INVESTMENT MANAGEMENT | Other Service Provider | $13,859 | — | $13,859 |
| RELIASTAR LIFE INSURANCE | Custodian / Trustee | — | $7,285 | $7,285 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JULY BUSINESS SERVICES, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,732
- Estimated Expense Ratio: 0.835% 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 | $125,282 | $81,261 | — | — | — |
| 2023 | $108,794 | — | — | — | — |
| 2022 | $115,042 | — | — | — | $115,042 |