# Summit Electric Supply Co., INC. 401(k) Plan
Source: https://planprovider.pro/companies/summit-electric-supply-co-inc-401k-plan

> Summit Electric Supply Co., INC.'s 401(k) plan: 719 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/baker-tilly-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|—|—|—|—|

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