Plan Snapshot
- Plan Sponsor: Summit Materials LLC
- Sponsor EIN: 264138486
- Sponsor Address: 1801 CALIFORNIA STREET, SUITE 3500, DENVER, CO, 80202
- Plan Type: 401(k)
- Total Participants: 6,565
- Total Assets: $468.9M
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 | 6,565 | $468.9M | $14.3M | $22.2M |
| 2023 | 5,265 | $302.1M | $13.2M | $20.2M |
| 2022 | 4,622 | $255.2M | $12.0M | $19.1M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $272,740 | — | $272,740 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $261,651 | — | $261,651 |
| BDO USA, LLP | Other Service Provider | $35,500 | — | $35,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $569,891
- Estimated Expense Ratio: 0.122% 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 | $571,395 | $272,740 | — | $35,500 | — |
| 2023 | $539,695 | $250,038 | — | $30,000 | — |
| 2022 | $534,709 | $250,525 | $236,284 | — | $47,900 |