# Summit Plastics, INC. DC Plan
Source: https://planprovider.pro/companies/summit-plastics-inc-plan-002

> Summit Plastics, INC.'s DC plan: 276 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Summit Plastics, INC.

- **Sponsor EIN:** 640850117

- **Sponsor Address:** 107 S LAUREL ST, SUMMIT, MS, 39666

- **Plan Type:** DC

- **Total Participants:** 276

- **Total Assets:** $19.1M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|276|$19.1M|$494,345|$738,360|

| 2023|277|$17.4M|$390,450|$607,332|

| 2022|176|$9.4M|$130,244|$181,015|

## 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|

| HORNE LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [HORNE LLP](https://planprovider.pro/provider/horne-llp) — Auditor

## 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|$86,855|$9,104|—|—|—|

| 2023|$25,651|—|—|—|—|

| 2022|—|—|—|—|—|

## Similar Plans

- [Mcneely Plastic Products, INC.](https://planprovider.pro/companies/mcneely-plastic-products-inc-401k-plan) — 196 participants

- [Mississippi Polymers, INC.](https://planprovider.pro/companies/mississippi-polymers-inc-plan-002) — 106 participants

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