# Summit Orthopedics, Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/summit-orthopedics-ltd-401k-plan

> Summit Orthopedics, Ltd.'s 401(k) plan: 1,176 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [CREATIVE PLANNING HOLDCO LLC](https://planprovider.pro/provider/creative-planning) — NONE

- [FISHER INVESTMENTS](https://planprovider.pro/provider/jp-morgan-asset-management) — NONE

- [WIPFLI](https://planprovider.pro/provider/wipfli-llp) — 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|—|—|—|

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

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