Plan Snapshot
- Plan Sponsor: Sumit Credits LLC
- Sponsor EIN: 830498983
- Sponsor Address: PO BOX 910, WATSON, LA, 707860910
- Plan Type: 401(k)
- Total Participants: 14
- Total Assets: $2.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2025 | 14 | $2.1M | $72,692 | $104,647 |
| 2024 | 13 | $0 | $0 | $0 |
| 2023 | 13 | $1.2M | $85,212 | $114,334 |
| 2022 | 11 | $839,428 | $56,675 | $85,249 |