Plan Snapshot
- Plan Sponsor: Summit Bank
- Sponsor EIN: 412114771
- Sponsor Address: 96 E BROADWAY, EUGENE, OR, 974013135
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $12.3M
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 | 133 | $12.3M | $1.1M | $924,778 |
| 2023 | 127 | $9.7M | $666,790 | $797,808 |
| 2022 | 95 | $7.4M | $584,521 | $637,433 |
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 |
|---|---|---|---|---|
| DELAP LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELAP LLP — Auditor
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 | $30,124 | $26,504 | — | — | — |
| 2023 | $20,605 | $19,695 | — | — | — |
| 2022 | $18,137 | $17,607 | — | — | $530 |