Plan Snapshot
- Plan Sponsor: Summit Golf Brands INC.
- Sponsor EIN: 980426349
- Sponsor Address: FOUR CORPORATE DRIVE, SHELTON, CT, 06484
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $5.7M
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 | 138 | $5.7M | $278,670 | $801,601 |
| 2023 | 144 | $4.6M | $242,683 | $735,633 |
| 2022 | 185 | $3.1M | $38,982 | $433,220 |
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 |
|---|---|---|---|---|
| FIORITA KORNHAAS AND COMPANY PC | Auditor | — | — | $0 |
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 | $2,985 | — | $2,985 | — | — |
| 2023 | $5,117 | — | $5,117 | — | — |
| 2022 | — | — | — | — | — |