Plan Snapshot
- Plan Sponsor: New Summit Rehabilitation And Health, LLC
- Sponsor EIN: 473446479
- Sponsor Address: 1200 N ARLINGTON HEIGHTS RD, ARLINGTON HEIGHTS, IL, 60004
- Plan Type: 401(k)
- Total Participants: 89
- Total Assets: $1.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 89 | $1.3M | $0 | $169,039 |
| 2023 | 97 | $1.4M | $0 | $229,393 |
| 2022 | 93 | $1.2M | $0 | $293,137 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $23,533 | — | $23,533 |
| MMA SECURITIES LLC | Investment Advisor | $7,154 | — | $7,154 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,687
- Estimated Expense Ratio: 2.452% 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 | $31,047 | $7,154 | — | — | — |
| 2023 | $30,532 | $7,682 | — | — | — |
| 2022 | $27,414 | $7,831 | $19,583 | — | — |