# Summit Management Partners, LLC 401(k) Plan
Source: https://planprovider.pro/companies/summit-management-partners-llc-401k-plan

> Summit Management Partners, LLC's 401(k) plan: 427 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Summit Management Partners, LLC

- **Sponsor EIN:** 853668797

- **Sponsor Address:** 2054 VISTA PARKWAY, WEST PALM BEACH, MA, 33411

- **Plan Type:** 401(k)

- **Total Participants:** 427

- **Total Assets:** $2.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|427|$2.8M|$370,442|$734,997|

## 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|

| THE VANGUARD GROUP, INC.|RECORDKEEPER|$20,113|—|$20,113|

| COMPASS RET CONSULTING GROUP INC|THIRD PARTY ADMIN|$18,026|—|$18,026|

| MMA SECURITIES|INVESTMENT ADVISOR|$6,883|—|$6,883|

| GRAY, GRAY & GRAY LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [THE VANGUARD GROUP, INC.](https://planprovider.pro/provider/the-vanguard-group-inc) — RECORDKEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $45,022

- **Estimated Expense Ratio:** 1.588% 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|

| 2024|$45,258|$6,883|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/summit-management-partners-llc-401k-plan)

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