Plan Snapshot
- Plan Sponsor: Summit Handling Systems, INC.
- Sponsor EIN: 060789485
- Sponsor Address: 11 DEFCO PARK ROAD, NORTH HAVEN, CT, 06473
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $11.8M
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 | 131 | $11.8M | $256,533 | $800,438 |
| 2023 | 127 | $11.2M | $236,872 | $769,043 |
| 2022 | 128 | $9.7M | $203,615 | $707,660 |
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 |
|---|---|---|---|---|
| SIMONE MACCA & LARROW LLP | 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 | $4,050 | — | — | — | — |
| 2023 | $5,550 | — | — | — | — |
| 2022 | $10,900 | — | — | — | — |