Plan Snapshot
- Plan Sponsor: Summers-Taylor, INC
- Sponsor EIN: 620458729
- Sponsor Address: 600 SEVIER STREET, JOHNSON CITY, TN, 37604
- Plan Type: 401(k)
- Total Participants: 742
- Total Assets: $16.5M
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 | 742 | $16.5M | $422,780 | $1.6M |
| 2023 | 636 | $14.1M | $313,902 | $1.2M |
| 2022 | 571 | $13.4M | $266,670 | $933,913 |
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 |
|---|---|---|---|---|
| PLANTE MORAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $29,386 | — | — | — | — |
| 2023 | $8,141 | — | — | — | — |
| 2022 | $4,392 | — | — | — | $4,392 |