# Summit Construction, INC. 401(k) Plan
Source: https://planprovider.pro/companies/summit-construction-inc-401k-plan

> Summit Construction, INC.'s 401(k) plan: 82 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Summit Construction, INC.

- **Sponsor EIN:** 521681582

- **Sponsor Address:** 5431 YUKON CT STE A, FREDERICK, MD, 217037326

- **Plan Type:** 401(k)

- **Total Participants:** 82

- **Total Assets:** $3.6M

## 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|82|$3.6M|$68,528|$124,407|

| 2023|84|$3.2M|$34,429|$106,149|

| 2022|80|$2.7M|$38,614|$112,574|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$16,450|—|$16,450|

| MERRILL LYNCH PIERCE FENNER & SMITH|INVESTMENT ADVISOR|$13,400|—|$13,400|

| FAW CASSON & CO., LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FAW CASSON & CO., LLP](https://planprovider.pro/provider/faw-casson-and-co-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $29,850

- **Estimated Expense Ratio:** 0.831% 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|$29,919|$13,469|—|—|—|

| 2023|$24,141|$11,094|—|—|—|

| 2022|$14,082|—|$14,082|—|—|

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