Plan Snapshot
- Plan Sponsor: Summit Contracting Group, INC.
- Sponsor EIN: 208209413
- Sponsor Address: 7595 BAYMEADOWS WAY, JACKSONVILLE, FL, 32256
- Plan Type: 401(k)
- Total Participants: 359
- Total Assets: $17.8M
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 | 359 | $17.8M | $1.2M | $1.8M |
| 2023 | 428 | $14.4M | $848,960 | $1.9M |
| 2022 | 410 | $10.1M | $694,980 | $1.6M |
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 |
|---|---|---|---|---|
| CPS INVESTMENT ADVISORS | FINANCIAL ADVISOR FEES | $192,648 | — | $192,648 |
| PCS FINANCIAL SERVICES | PCS FEES | $7,020 | — | $7,020 |
| ASSURANCE DIMENSIONS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CPS INVESTMENT ADVISORS — FINANCIAL ADVISOR FEES
- PCS FINANCIAL SERVICES — PCS FEES
- ASSURANCE DIMENSIONS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $199,668
- Estimated Expense Ratio: 1.120% 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 | $201,943 | $192,648 | — | — | — |
| 2023 | $157,461 | $149,577 | — | — | — |
| 2022 | $130,209 | — | $130,209 | — | — |