Plan Snapshot
- Plan Sponsor: Summit Design And Engineering Services, INC.
- Sponsor EIN: 300236228
- Sponsor Address: 320 EXECUTIVE COURT, HILLSBOROUGH, NC, 27278
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 453
- Total Assets: $26.3M
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. |
|---|---|---|---|---|
| 2025 | 453 | $26.3M | $0 | $0 |
| 2024 | 410 | $24.2M | $1.1M | $2.4M |
| 2023 | 419 | $20.0M | $1.0M | $2.1M |
| 2022 | 418 | $15.7M | $932,253 | $1.9M |
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 |
|---|---|---|---|---|
| ONE DIGITAL INVESTMENT ADVISORS. | Other Service Provider | $46,023 | — | $46,023 |
| ASCENSUS LLC | Other Service Provider | $11,057 | — | $11,057 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,080
- Estimated Expense Ratio: 0.217% 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 |
|---|---|---|---|---|---|
| 2025 | $5,217,591 | $39,242 | $11,057 | — | — |
| 2024 | $48,089 | $37,774 | $10,315 | — | — |
| 2023 | $27,865 | $21,103 | $6,762 | — | — |
| 2022 | $6,406 | $72 | $6,334 | — | — |