Plan Snapshot
- Plan Sponsor: Summit Access Solutions, LLC
- Sponsor EIN: 824888275
- Sponsor Address: 200 INDUSTRY DRIVE, SUITE 100, PITTSBURGH, PA, 15275
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $5.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 215 | $5.5M | $424,354 | $658,387 |
| 2023 | 189 | $4.4M | $298,437 | $462,244 |
| 2022 | 154 | $3.2M | $218,719 | $340,475 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $23,561 | — | $23,561 |
| DUNBAR BENDER & ZAPF INC | Recordkeeper | $4,872 | $12,688 | $17,560 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $10,726 | — | $10,726 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DUNBAR BENDER & ZAPF INC — Recordkeeper
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,847
- Estimated Expense Ratio: 0.936% 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 | $39,160 | $10,726 | $28,434 | — | — |
| 2023 | $5,422 | — | $5,422 | — | — |
| 2022 | $6,182 | — | $6,182 | — | — |