Plan Snapshot
- Plan Sponsor: Summit Orthopedics, Ltd.
- Sponsor EIN: 411762331
- Sponsor Address: 710 COMMERCE DRIVE, WOODBURY, MN, 55125
- Plan Type: 401(k)
- Total Participants: 1,176
- Total Assets: $153.3M
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 | 1,176 | $153.3M | $0 | $9.4M |
| 2023 | 1,089 | $132.8M | $5.5M | $8.3M |
| 2022 | 1,070 | $108.7M | $4.8M | $7.2M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $111,128 | — | $111,128 |
| CREATIVE PLANNING HOLDCO LLC | NONE | $53,462 | — | $53,462 |
| FISHER INVESTMENTS | NONE | $29,104 | — | $29,104 |
| 360 FINANCIAL INC | NONE | $11,272 | — | $11,272 |
| SNS FINANCIAL GROUP LLC | NONE | $5,046 | — | $5,046 |
| WIPFLI | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- CREATIVE PLANNING HOLDCO LLC — NONE
- FISHER INVESTMENTS — NONE
- WIPFLI — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $210,012
- Estimated Expense Ratio: 0.137% 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 | $212,499 | $111,932 | — | — | — |
| 2023 | $183,348 | $96,970 | — | — | — |
| 2022 | $175,365 | $81,144 | — | — | — |