Plan Snapshot
- Plan Sponsor: Summit Polymers, INC.
- Sponsor EIN: 381990845
- Sponsor Address: 6715 S SPRINKLE RD, PORTAGE, MI, 49002
- Plan Type: 401(k)
- Total Participants: 1,921
- Total Assets: $116.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 1,921 | $116.7M | $2.8M | $5.7M |
| 2023 | 1,377 | $102.8M | $2.6M | $5.2M |
| 2022 | 1,286 | $87.8M | $2.5M | $4.8M |
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 |
|---|---|---|---|---|
| YEO & YEO P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- YEO & YEO P.C. — 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 | $29,507 | $26,207 | — | — | — |
| 2023 | $50,822 | $47,897 | — | — | — |
| 2022 | $53,902 | $51,127 | — | — | — |