Plan Snapshot
- Plan Sponsor: Summa Health
- Sponsor EIN: 461145832
- Sponsor Address: PO BOX 2090, AKRON, OH, 443092090
- Plan Type: 401(k)
- Total Participants: 922
- Total Assets: $62.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2024 | 922 | $62.4M | $286,176 | $2.1M |
| 2023 | 336 | $57.6M | $257,652 | $1.8M |
| 2022 | 316 | $48.5M | $582,715 | $1.8M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $18,187 | — | $18,187 |
| BDO USA P.C. | Auditor | $9,448 | — | $9,448 |
| HIGHLAND CONSULTING ASSOCIATES, IN | INVESTMENT ADVISOR | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- BDO USA P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,635
- Estimated Expense Ratio: 0.052% 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 | $75,820 | $18,190 | $300 | $9,448 | — |
| 2023 | $85,746 | $18,535 | — | $17,030 | — |
| 2022 | $22,429 | $14,344 | — | — | — |