Plan Snapshot
- Plan Sponsor: Summit Physician Specialists, P.C.
- Sponsor EIN: 814233178
- Sponsor Address: 5295 S. COMMERCE DRIVE, SUITE 550, MURRAY, UT, 84107
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $82.7M
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 | 122 | $82.7M | $4.6M | $867,628 |
| 2023 | 104 | $67.3M | $3.9M | $886,302 |
| 2022 | 93 | $60.5M | $3.4M | $690,465 |
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 |
|---|---|---|---|---|
| BANGERTER, LUND & ASSOCIATES | 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 | $62,131 | $44,669 | $4,797 | — | — |
| 2023 | $53,351 | $37,372 | — | — | — |
| 2022 | $49,266 | $48,087 | — | — | — |