Plan Snapshot
- Plan Sponsor: Summit Electric Supply Co., INC.
- Sponsor EIN: 850252176
- Sponsor Address: P.O. BOX 6409, ALBUQUERQUE, NM, 87107
- Plan Type: 401(k)
- Total Participants: 719
- Total Assets: $94.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 719 | $94.5M | $1.3M | $4.8M |
| 2023 | 657 | $80.0M | $1.0M | $4.2M |
| 2022 | 601 | $68.0M | $791,153 | $3.6M |
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 |
|---|---|---|---|---|
| BAKERTILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKERTILLY US, 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 | $60,807 | $39,810 | $300 | — | — |
| 2023 | $45,091 | $33,983 | — | — | — |
| 2022 | $45,886 | — | — | — | — |